This post was originally published on this site
However, investors’ bullish sentiment surrounding the Columbian government’s revision of cannabis laws to allow access to cannabis products by Colombians has driven FLGC’s shares to a 278.1% gain over the past month. Global cannabis supplier FLGC is uniquely positioned to benefit from this legislative change.
But the company has yet to announce its earnings since going public. Furthermore, it is not yet profitable in a competitive cannabis landscape. Although a strategic partnership with Avaria and its plans to move its corporate headquarters to Miami from Toronto could bode well for the stock, uncertainty about its growth prospects could unnerve investors.
