Cannabis Companies Could be Set to Flourish in 2022 (FLGC,HLF,HNST,NHTC)

The U.S. cannabis industry is growing at an unparalleled pace. Sales for 2021 are estimated to finish at $31 billion, an increase of 41% over 2020. (4) And yet, despite this positive sales growth, cannabis stocks slumped in the second half of 2021. Think about it. Sales up, revenues up, growth flourishing - stock prices down? This screams opportunity and Flora Growth Corp (NASDAQ:FLGC) could be a perfect example. In fact, not one, but two Wall Street analysts believe Flora could be unreasonably undervalued.

Analysts believe that Flora Growth Corp. stock could be surprisingly undervalued with a 5x upside potential (1). FLGC is now producing High-T-H-C crude oil in their EU-GMP compliant Cosechemos facility, unlocking a major revenue opportunity in the $16.47 billion global medical cannabis market. (2)(3). FLGC's revenue projections for 2022 of $35-45M have ballooned higher compared to projections from 2021. Plus, the company has cushioned its cash balance by securing $34.5M in financing (4)(5).

FLGC is piling up major retail and distribution agreements:

- Walmart.com - Macy's

- Tonino - FLGC will distribute food products to Colombia-based Tropi (6)(7)(8)(9)

FLGC strengthened its U.S. presence by acquiring Vessel Brand Inc. an industry leader in cannabis consumer technology with a trailing 12-months revenue of $6.6M and year-over-year growth of 90% (10).

Source 1: https://www.tipranks.com/stocks/flgc/forecast

Source 2: https://tinyurl.com/3yzndbdc

Source 3: https://tinyurl.com/3cscums2

Source 4: https://www.yahoo.com/now/flora-growth-provides-2022-revenue-120500184.html

Source 5: https://www.businesswire.com/news/home/20211123006169/en/Flora-Growth-Closes-34.5-Million-Public-Offering

Source 6: https://www.businesswire.com/news/home/20220104005419/en/Flora-Growth-Expands-Product-Distribution-Through-Walmart.com-and-Coppel-in-Mexico

Source 7:https://bit.ly/3KXRugH

Source 8: https://tinyurl.com/ynu8u7t4

Source 9: https://tinyurl.com/yck2dn9r

Source 10: https://www.businesswire.com/news/home/20211115005577/en/Flora-Growth-Completes-Acquisition-of-Vessel-Brand-Inc.

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The post Cannabis Companies Could be Set to Flourish in 2022 (FLGC,HLF,HNST,NHTC) appeared first on Wall Street PR.

COMTEX_401903527/2771/2022-02-06T23:08:12

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