Cannabis company Flora Growth Corp. (NASDAQ: FLGC) a global cultivator, manufacturer, and distributor of cannabis products and brands, reported Monday its financial and operating results for the quarter that ended March 31, 2023.

“The first quarter was focused on strengthening our operational performance, focusing on financial discipline, and optimizing the integrations of all our M&A transactions,” stated Hussein Rakine, newly appointed CEO of Flora. “Our House of Brands continued to be the primary revenue-generating pillar, posting sequential growth and steady margins. Our commercial and wholesale division was positively impacted by the addition of our German distribution business while our pharmaceutical initiatives continued to progress.”

Rakine added, “Additionally, …

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