Flora Growth Launches Vessel In Canada; Signs Deal With Ontario Cannabis Store And Launches Vesselbrand.ca

FORT LAUDERDALE, Fla. & TORONTO–(BUSINESS WIRE)–Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor farmer, maker, and supplier of worldwide marijuana items and brandnames, revealed today its Vessel brandname, a leader in premium marijuana devices, protected significant penetration in Canada through an authorized listing on the Ontario Cannabis Store. Additionally, Vessel revealed it hasactually released its Canadian direct-to-consumer online shop, www.vesselbrand.ca to service customers directly across the country.

The Ontario Cannabis Retail Corporation, doing business as the Ontario Cannabis Store (“OCS”), is a crown agency solely owned by the Province of Ontario and provides safe, responsible access to legal recreational cannabis and ancillary products for adults 19 and older. The partnership dramatically increases Vessel’s footprint in the Canadian cannabis marketplace as the OCS launches two novel Vessel products in the luxury battery and dry herb categories.

Alongside the OCS engagement, the launch of www.vesselbrand.ca, Vessel’s Canadian direct-to-consumer site, allows the brand to make bold moves to own the customer relationship and journey. Providing customers across the country access to the full breadth of the Vessel line of products and its stand-out customer service is a crucial initiative in Flora and Vessel’s plans for global expansion and proves a model for Flora’s other House of Brands businesses.

“We’re elated about our partnership with the OCS and are looking forward to bringing the full Vessel experience to our loyal customers across Canada,” says James Choe, Flora’s Chief Strategy Officer. “Our internal estimates show the Canadian cannabis market will be around CAD 5.9 billion this year, with the ancillary category making up about $350 – $475 million. That market potential, coupled with our expectations around meaningful retail door penetration across the country, signals promising growth in this market.”

Initially launched by Founder and CEO James Choe in 2018, Vessel has a people-first approach that hinges on building highly effective teams and encouraging a collaborative spirit to create memorable experiences for the consumer. In this way, Vessel bridges the gap between lifestyle and cannabis, ultimately raising the bar across the industry. Vessel will mark the first commercial entry for Flora Growth’s product portfolio into Canada.

Vessel’s product will be available direct-to-consumer at vesselbrand.ca and at select retailers across the U.S. and Canada.

ABOUT VESSEL: Headquartered in Carlsbad, California, Vessel is powered by a mission to bridge the gap between lifestyle and cannabis, and in doing so, is raising the bar across the entire industry. Vessel is a community-led company that elevates the cannabis consumption experience with its luxury accessories including a high-end line of vape pen batteries and dry-herb accessories made with premium materials and finishes. Vessel bases its principles on what matters most: the people and the planet. Thoughtfully designed with the user experience in mind, Vessel batteries power any oil in style with details including optimized airflow technology, low-temperature settings and extra-long battery life.

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands to deliver the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. Visit www.floragrowth.com or follow @floragrowthcorp on social [media] for more details.

Cautionary Statement:

This file includes positive declarations. In addition, from time to time, we or our agents might make positive declarations orally or in composing. We base these positive declarations on our expectations and forecasts about future occasions, which we obtain from the details presently readilyavailable to us. Such positive declarations relate to future occasions or our future efficiency, consistingof: anticipated future income, combination of our current acquisitions, growth of our worldwide footprint, growth of our item offerings; our monetary efficiency and forecasts; our development in earnings and incomes; and our company potentialcustomers and chances. You can recognize positive declarations by those that are not historic in nature, especially those that usage terms such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the unfavorable of these or comparable terms. In assessing these positive declarations, you oughtto thinkabout numerous elements, consistingof: our capability to modification the instructions of the Company; our capability to keep rate with brand-new innovation and altering market requires; and the competitive environment of our company. These and other aspects might cause our real results to vary materially from any positive declaration. Forward-looking declarations are just forecasts. The positive occasions talkedabout in this file and other declarations made from time to time by us or our agents might not takeplace, and real occasions and results might vary materially and are subject to threats, unpredictabilities and presumptions about us. We carryout no commitment to openly upgrade or modify any positive declaration, whether as a outcome of unpredictabilities and presumptions, or the positive occasions goneover in this file and other declarations made from time to time by us or our agents not happening, otherthan as might be needed by appropriate law.


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