{"id":507524,"date":"2021-06-29T07:33:15","date_gmt":"2021-06-29T11:33:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/"},"modified":"2021-06-29T07:33:15","modified_gmt":"2021-06-29T11:33:15","slug":"flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/","title":{"rendered":"Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability"},"content":{"rendered":"<h2>\nFlora Growth Corp. Commits to Sustainable and Eco-friendly Practices Throughout Diverse Brand Portfolio Supply Chains<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">TORONTO, June  29, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oYk_sJr6SInVn8IrnAeEzvV6hgdq-PASxZX201d4nHPZKjo0a-OmcQBTrA1NXOC1DQxeV_WeLt7rHgZpAJUV2A==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Flora Growth Corp.<\/u><\/a> (NASDAQ: FLGC) (\u201cFlora\u201d, \u201cFlora Growth\u201d, or the \u201cCompany\u201d), an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, is pleased to announce that its commitment to environmental sustainability will be represented across the Company\u2019s value chain. Flora Growth\u2019s sustainability initiatives will focus on the modern eco-conscious consumer looking for products made with cruelty-free, natural ingredients in sustainable, biodegradable packaging.<\/p>\n<p align=\"justify\">\u201cAt Flora, we have made sustainability a pillar of our strategy. We are doing this because consumers are guiding us in this direction, because we\u2019re committed to our planet and our people,\u201d said Luis Merchan, President and CEO of Flora Growth Corp. \u201cFrom social equity and sustainable packaging to water and energy-saving practices, Flora is committed to sustainability across our value chain.\u201d<\/p>\n<p align=\"justify\">Flora Growth considers its impact on the environment at the global level and acts at a local level to have a positive impact on the community and consumers. Flora Growth maximizes return on capital invested by utilizing the entire plant to reduce waste and sensibly maintain operational flexibility to scale production and capitalize on growing wholesale and retail demand for its premium product portfolio. Flora\u2019s product portfolio spans a variety of verticals &#8211; from skincare to food &amp; beverage &#8211; each with thoughtful sustainability goals that resonate with consumers. Some recent initiatives include:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Flora Growth follows organic cultivation practices which help prevent loss of topsoil, toxic runoff, water pollution and soil contamination. It also ensures consumers have access to all-outdoor organic cannabis.<\/li>\n<li style=\"text-align:justify\">Flora Growth\u2019s skin care brand Mind Naturals, founded by former Miss Universe Paulina Vega, launched its Extra Hydrating Cream with cannabidiol (CBD) in a 100% biodegradable container and plans to implement this effort across the product portfolio.<\/li>\n<li style=\"text-align:justify\">Mambe, the primary brand behind Flora\u2019s KASA Wholefoods division, currently uses 100% recyclable glass bottles for their beverage products.<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">Stardog Loungewear, the inaugural brand from Flora\u2019s Hemp Textiles division, caters to consumers looking for comfortable loungewear made from natural materials and who value quality over wasteful fast fashion. The products are hand-made in Colombia and fair trade, and utilize the whole of the cannabis plant to decrease waste.<\/li>\n<\/ul>\n<p align=\"justify\">\u201cIn the wake of the COVID-19 pandemic, the use of plastic has increased exponentially. Millions of people using single-use biosafety elements and sectors, such as personal care and beauty, generate a lot of pollution that unfortunately reaches the oceans,\u201d said Paulina Vega, founder of Flora Beauty, a subsidiary of Flora Growth. \u201cWe are working to combat this with our sustainability initiatives to do our part for the planet and people.\u201d<\/p>\n<p align=\"justify\">The consideration of Flora\u2019s environmental and social impact, however, does not stop with cannabis cultivation practices. Flora also screens all potential inputs, packaging and social outcomes associated with <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IrUM80zntnj9dcXIkEH2nkT3GQpqTj31KlM6Ry2gVZmnj4zwqGKuLrD1jqxpe7IHiysxRaQsiNO_CFrcIcujAW9u3c_jefVLf9IvYkVQuaoxuqKPyd5_MAZgCfAuTRUB\" rel=\"nofollow noopener\" target=\"_blank\"><u>its product portfolio<\/u><\/a>. For any further questions about Flora\u2019s sustainability practices, please visit: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BWcWY9wtyS_5mdtibFOAMpAtpi7Fg6kcPUydeuuhDFktqrwBm4uW8KkLgOMuG0dRXg38zDvW7vRr2_2notLyQH_SZmoAQ_WQ_ExJFzsMM-x2rGSeQFvZ_K1DdqqihThR\" rel=\"nofollow noopener\" target=\"_blank\"><u>floragrowth.ca\/sustainability<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Flora Growth Corp.<\/strong>\n      <\/p>\n<p align=\"justify\">Flora is a cannabis company that leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. As the operator of one of the largest outdoor cultivation facilities, Flora strives to market a higher-quality premium product at below market prices. By prioritizing natural ingredients and value-chain sustainability across its portfolio, Flora creates premium products that help consumers restore and thrive. Visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PNI6UZVm2MGD_bPHwvIzjgLAXdzOJmD2gQbOsjRhBbTQ_isJgK726rj8sQD3qyHkQt82o4oUANOyGj4cSuBhsN6gMDoVf1L_uAwsn2DCglA=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.floragrowth.ca<\/u><\/a> or follow @floragrowthcorp on social media for more information.<\/p>\n<p>\n        <strong>Investor Relations Contact:<\/strong><br \/>\n        <br \/>Evan Veryard <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=311r6koxIjrNSoh02xTNpxbJm4Pqdt30jlGbPC5uD6Zgpaci-xcnsKft60klExJfr1f2eeLgxsCFPJHmHVC1CkNSTPVP1zuFxQMv2Q31AunfCW5xMc2LUSdBI9qpLXLM\" rel=\"nofollow noopener\" target=\"_blank\"><u>evan.veryard@floragrowth.ca<\/u><\/a><\/p>\n<p>\n        <strong>Public Relations Contact:<\/strong><br \/>\n        <br \/>Cassandra Dowell<br \/>+1 (858) 264-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XYA6QoeN-9XH1utB-OsgHh5rHLxRy2DkFzEj_3RANW_tIke6ZVN4ZHccV_ADgPQuf80ZzQoGvVwP-PcW9PXeLhevJUNLrZygu8jYwgLbviE=\" rel=\"nofollow noopener\" target=\"_blank\">flora@cmwmedia.com<\/a><\/p>\n<p>\n        <strong><br \/>\n          <em>Cautionary Statement Concerning Forward-Looking Statements<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing.\u00a0 We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us.\u00a0 Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; our environmental and sustainability practices and our business prospects and opportunities.\u00a0 You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as \u201cmay,\u201d \u201cshould,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201ccontemplates,\u201d \u201cestimates,\u201d \u201cbelieves,\u201d \u201cplans,\u201d \u201cprojected,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d or \u201chopes\u201d or the negative of these or similar terms.\u00a0 In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business.\u00a0 These and other factors may cause our actual results to differ materially from any forward-looking statement.\u00a0 Forward-looking statements are only predictions.\u00a0 The forward-looking events discussed in this document and other statements made from time to time by us or our representatives may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us.\u00a0 We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, or the forward-looking events discussed in this document and other statements made from time to time by us or our representatives not occurring, except as may be required by applicable law.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MTk4MiM0MjczNjEyIzIxOTQwNzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/58395fca-cfa0-4447-a02d-5bdf7159947d\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Flora Growth Corp. Commits to Sustainable and Eco-friendly Practices Throughout Diverse Brand Portfolio Supply Chains TORONTO, June 29, 2021 (GLOBE NEWSWIRE) &#8212; Flora Growth Corp. (NASDAQ: FLGC) (\u201cFlora\u201d, \u201cFlora Growth\u201d, or the \u201cCompany\u201d), an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, is pleased to announce that its commitment to environmental sustainability will be represented across the Company\u2019s value chain. Flora Growth\u2019s sustainability initiatives will focus on the modern eco-conscious consumer looking for products made with cruelty-free, natural ingredients in sustainable, biodegradable packaging. \u201cAt Flora, we have made sustainability a pillar of our strategy. We are doing this because consumers are guiding us in this direction, because we\u2019re committed to our planet and our people,\u201d said Luis Merchan, President &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-507524","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Flora Growth Corp. Commits to Sustainable and Eco-friendly Practices Throughout Diverse Brand Portfolio Supply Chains TORONTO, June 29, 2021 (GLOBE NEWSWIRE) &#8212; Flora Growth Corp. (NASDAQ: FLGC) (\u201cFlora\u201d, \u201cFlora Growth\u201d, or the \u201cCompany\u201d), an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, is pleased to announce that its commitment to environmental sustainability will be represented across the Company\u2019s value chain. Flora Growth\u2019s sustainability initiatives will focus on the modern eco-conscious consumer looking for products made with cruelty-free, natural ingredients in sustainable, biodegradable packaging. \u201cAt Flora, we have made sustainability a pillar of our strategy. We are doing this because consumers are guiding us in this direction, because we\u2019re committed to our planet and our people,\u201d said Luis Merchan, President &hellip; Continue reading &quot;Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-29T11:33:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MTk4MiM0MjczNjEyIzIxOTQwNzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability\",\"datePublished\":\"2021-06-29T11:33:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\\\/\"},\"wordCount\":886,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI3MTk4MiM0MjczNjEyIzIxOTQwNzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\\\/\",\"name\":\"Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability - 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Commits to Sustainable and Eco-friendly Practices Throughout Diverse Brand Portfolio Supply Chains TORONTO, June 29, 2021 (GLOBE NEWSWIRE) &#8212; Flora Growth Corp. (NASDAQ: FLGC) (\u201cFlora\u201d, \u201cFlora Growth\u201d, or the \u201cCompany\u201d), an all-outdoor cultivator and manufacturer of cannabis-derived products and brands, is pleased to announce that its commitment to environmental sustainability will be represented across the Company\u2019s value chain. Flora Growth\u2019s sustainability initiatives will focus on the modern eco-conscious consumer looking for products made with cruelty-free, natural ingredients in sustainable, biodegradable packaging. \u201cAt Flora, we have made sustainability a pillar of our strategy. We are doing this because consumers are guiding us in this direction, because we\u2019re committed to our planet and our people,\u201d said Luis Merchan, President &hellip; Continue reading \"Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-29T11:33:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MTk4MiM0MjczNjEyIzIxOTQwNzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability","datePublished":"2021-06-29T11:33:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/"},"wordCount":886,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI3MTk4MiM0MjczNjEyIzIxOTQwNzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/flora-growth-establishes-long-term-commitment-to-environmental-and-economic-sustainability\/","name":"Flora Growth Establishes Long-Term Commitment to Environmental and Economic Sustainability - 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