24/7 Market News Snapshot 19 September, 2024 – Flora Growth Corp. Common Stock (NASDAQ:FLGC)

September 19, 2024

DENVER, Colo., 19 September, 2024 (247marketnews.com) – (NASDAQ:FLGC) are discussed in this article.
Flora Growth Corp. has made headlines with a remarkable opening at $1.13, experiencing a substantial rise to $1.405, marking an impressive increase of over 33.81%. This upward trajectory follows a prior session close of $1.05, illustrating significant investor interest and confidence in the company. Noteworthy trading volume of 527.87K shares suggests heightened market activity, indicating a potential breakout as technical indicators reflect a positive sentiment shift. Analysts remain optimistic about Flora’s prospects, urging investors to keep a vigilant eye on this dynamic player within the cannabis sector.

In addition to its stock market performance, Flora has announced a strategic collaboration with Sezzle, a prominent “buy now, pay later” (BNPL) provider. This partnership will integrate Sezzle’s payment solutions into Flora’s U.S. e-commerce platforms for its brands, JustCBD and Vessel, aiming to enhance customer accessibility to high-quality CBD and cannabis accessories. JustCBD, celebrated for its extensive range of products from edibles to skincare, is dedicated to offering safe, lab-tested CBD solutions that promote well-being. The incorporation of Sezzle’s financing options is set to improve the shopping experience, allowing consumers to purchase products on their own terms.

Meanwhile, Vessel, known for its innovative cannabis accessories, stands to gain from the newly available financing, aligning with the brand’s commitment to integrating lifestyle and technology. This partnership arrives at a pivotal time as demand for flexible payment solutions grows, with projections that the U.S. BNPL market will surpass $100 billion by 2025, highlighting the importance of affordability in consumer purchasing.

Clifford Starke, Chairman and CEO of Flora Growth Corp., expressed his enthusiasm, emphasizing the partnership’s role in enhancing customer experiences. This collaboration exemplifies Flora’s commitment to bridging quality and affordability in the cannabis market, supporting its mission to become a leading international cannabis company dedicated to improving consumer lives.

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