Flora Growth Corp. Reports Strategic Shift and Financial Results
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Flora Growth Corp. (FLGC) reported its Q3 earnings, showing a revenue increase to $9.7 million from $7.2 million last year, but a net loss of $6.7 million. The company is shifting focus to AI infrastructure and international pharmaceutical distribution after selling its cannabis business. Key financial metrics include a gross profit of $335,000 and operating expenses of $3.6 million. Management is optimistic about leveraging AI and digital asset investments for future growth.
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