Flora Growth Enters Cannabis Beverages Market, Extends Portfolio of Luxury Products

• Flora Growth recently entered into a licensing agreement to produce and distribute Tonino Lamborghini-branded cannabis beverages across North America and Colombia, with an initial focus on the U.S. market
• The company will produce the product line using molecular tagging and authentication technology that will guarantee product verification and allay concerns of counterfeit products
• Through the licensing agreement, Flora has entered into the cannabis beverages market amid increasing demand for CBD-based products
• The recent agreement follows a November 15 announcement that FLGC had completed the acquisition of Vessel Brand Inc., an industry leader in luxury cannabis consumer technology

Internationally focused cannabis brand builder Flora Growth FLGC recently signed a licensing agreement with Tonino Lamborghini, a luxury brand operating in the high-end designer products, hotel, beverage, and real estate segments. Under the terms of the partnership announced on November 29, Flora Growth will produce and distribute Tonino Lamborghini-branded cannabis beverages across North America and Colombia (https://cnw.fm/TEm9L).

The Tonino Lamborghini product line, which will be produced in Florida for initial sale in US states where cannabidiol (“CBD”) ingestible are legal, will contain CBD and other premium cannabinoids, including cannabigerol (“CBG”). In addition, Flora will produce the product line using…

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