Company Overview
Colombia at
the vanguard of
global cannabis
regulations.
"On Feb 22, 2022, President Duque approved
previously announced legislation expanding
on Resolution 811. Resolution 227 "allows,
defines and establishes all the mechanisms
and procedures for the industrial use of
cannabis in sectors such as food, beverages
and also textile uses" in the non-psychoactive
component category.
STRICTLY PRIVATE AND CONFIDENTIAL
The new regulations will provide a pathway to increase near-term and
long-term revenue, where the following points highlight the impact of this
legislative change.
PERMITTED
Dried
Flower.
The sale and export
of dried cannabis
flower, where dried
flower accounts for
over 50% of the sales
demand in the global
cannabis market,
positions Colombia's
cultivators as global
supply leaders.
PERMITTED
Cannabis Food
& Beverage.
The manufacturing,
sale and export of
cannabinoid ingestible
products, including
dietary supplements
resulting in the recently
signed $10M distribution
agreement.
PERMITTED
Custom
Formulas.
By permitting
cannabinoid medical
products through
drugstores as "custom
formulas", access to
cannabis products
is substantially
increased within the
domestic Colombian
market.
GLOBAL EXPANSION
IMPROVED
Marketing
Capabilities.
Cannabis marketing
restrictions removed,
allowing Flora to drive
increased awareness
across its portfolio of
products and driving
additional sales through
its 1,500+ points of
distribution within
Colombia.
FLORA GROWTH
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