Flora Growth Corp. (FLGC) Invests $1M in Crypto as it Enters Web3

Reported 1 day ago

Flora Growth Corp. (NASDAQ:FLGC), a global cannabis company, has made a significant entry into the Web3 space with a $1 million investment in digital assets like Ethereum, Solana, Sui, and Ripple, aiming to foster innovation and long-term growth. This move accompanies the expansion of its THC-infused beverage line and entry into Germany’s cannabis pilot program, indicating a strategic push to capitalize on the emerging cannabis market in Europe. The company is also enhancing its operational capabilities with new leadership and product launches to meet growing consumer demand.

Source: YAHOO

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