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).

Click HERE to read more about FLGC.
Other companies in Flora Growth’s space includes: Olaplex Hldgs (NASDAQ:OLPX), Revlon (NYSE:REV), Herbalife Nutrition (NYSE:HLF), Honest Co (NASDAQ:HNST) and Natural Health Trends (NASDAQ:NHTC). We believe that Flora is attractively valued relative to peers based on its low-cost structure, strong brand portfolio, and expanding global distribution.

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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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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