Flora Growth (NASDAQ: FLGC), a leading cultivator, manufacturer and distributor of global cannabis products and brands, has appointed Hussein Rakine as CEO and a member of the board; the company also announced that Luis Merchan, board chair and CEO, had resigned both positions. Founder and CEO of Just Brands LLC, Rakine brings impressive experience to his new roles. Just Brands was acquired by Flora Growth in February 2022, and Rakine’s contributions have been vital to the company’s growth and success since then. Rakine is a serial entrepreneur who, in 2022, was named in Forbes’ 2022 30 Under 30 list. “I am enthusiastic about collaborating with our board of directors, executive team and all stakeholders to bring Flora’s business plan to fruition,” said Flora Growth CEO and board member Hussein Rakine in the press release. “In a nascent industry such as ours, it’s critical to stay nimble — and that is what I intend to do as I lead Flora into the next phase of growth. I would like to express our sincere appreciation to Luis for his unwavering commitment and dedication to the company during his tenure. We wish him all the best in his future endeavors. . . . We would like to address the current state of the market and emphasize our commitment to long-term success in the industry. With the global policies set to reignite the market, we are confident that there is significant potential for growth in the broader market. We acknowledge that we are still in the early stages of this industry, and we see significant upside potential moving forward. We remain optimistic about the future of this sector and look forward to playing a leading role in its continued growth and success.”
To view the full press release, visit https://ibn.fm/LB6fY
About Flora Growth Corp.
Flora Growth Corp. is a global cannabis company dedicated to bringing the benefits of cannabis to people worldwide. Our commitment is to create, master and connect the international cannabis supply chain by setting the standard for world-class cultivation and manufacturing, thoughtful brand development, and rigorous research and development of medical-grade cannabis products that meet the highest standards of quality, safety, and efficacy. Flora Growth’s mission is to create a world where the benefits of cannabis are accessible to everyone, and the company is working toward that goal by becoming a leading importer and exporter of cannabis to meet demand in every corner of the market. For more information about the company, please visit www www.FloraGrowth.com
NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC
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