Flora Growth
Early Stage
Building the world’s largest and lowest-cost vertically-integrated producer of organic cannabis products.
Overview
Raised: $32,403,600
Total Commitments ($USD)
Platform
Dalmore Group
Start Date
12/19/2019
Close Date
12/12/2020
Min. Goal
$10
Max. Goal
$50,000,000
Min. Investment
$1,000
Security Type
Equity - Common
SEC Filing Type
RegA+
Price Per Share
$0.75
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$90,261
# of Investors
10,866
Momentum
Funded
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Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
AgriTech
Location
Toronto, Ontario
Flora Growth, with a pre-money valuation of $57 million, is raising funds through Reg A+ crowdfunding. The company makes and sells high-quality organic CBD oils and derivatives. The products of Flora Growth find use in the worldwide cosmetic, pharmaceutical, and food and beverage industries. Flora Growth is led by Damian Lopez and Deborah Battiston. The current crowdfunding round has no minimum goal and a maximum goal of $50,000,000, and the proceeds will be used for research and development, working capital, and general corporate purposes. Flora Growth is fully licensed and plans to cultivate 100 hectares of cannabis, with Colombia as its hub for cannabis operations. The company has letters of intent with companies for CBD oil to be used in their coffees, juices, creams, lotions, capsules, and panela.
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