Flora Growth: Cheap Cannabis Appeal
Flora Growth promises a long-term growth story supplying the world with low-cost cannabis cultivation. The company has reported minimal revenues so far following an IPO in May and is only now ramping up the business. The stock is difficult to buy until the Flora Growth provides more meaningful financials for analysis. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio. Learn More » The biggest problem with the Canadian cannabis push to supply the global cannabis market is a company like Flora Growth ( FLGC ). The Colombian cannabis cultivator will always have a cost advantage over developed markets, but the company is still early in the global cannabis export opportunity. My investment thesis is more Neutral on the stock until the business grows into the current valuation. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for m...