10 FLORA GROWTH S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L Flora Growth Applauds Update to Colombian Cannabis Regulations. The new regulations are expected to allow Flora to increase near-term and long-term revenue, where the following points highlight the impact of this legislative change. Flora has signed two agreements to supply cannabis flower and derivatives to Australian and South African distributors since this law was signed. GLOBAL EXPANSION Custom Formulas. Marketing Capabilities. Dried Flower. P E R M I T T E D Cannabis Ingestibles. P E R M I T T E D P E R M I T T E D I M P R O V E D The sale of dried cannabis flower, where dried flower accounts for over 50% of the sales demand in the global cannabis market, positions Colombia’s cultivators as global supply leaders. The manufacturing, sale and export of cannabinoid ingestible products, benefiting Flora’s food and beverage division, which recently signed a $10M distribution agreement. By permitting cannabinoid medical products through drugstores as “custom formulas”, access to cannabis products is substantially increased within the domestic Colombian market. Cannabis marketing restrictions removed, allowing Flora to drive increased awareness across its portfolio of products and driving additional sales through its 1,500+ points of distribution within Colombia.
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