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We are developing a business looking to generate revenue in 2020.
To achieve this objective, we have worked tirelessly and developed a strategy that will allow us to make a great difference and generate revenue in the short term.
We will control the largest non-psychoactive organic crop of cannabis in the world. This allows us to produce at an expected cost of US$0.18 per gram. If we were to sell our products at the same average price in the US today, we would have a profit margin of nearly 800% (or around 700% in Canada).
We have signed letters of intent to acquire two companies, Cronomed and Mambe, which will allow us to ensure vertical growth and near-term revenue generation. Flora’s beauty and cosmetics division, “Flora Beauty”, will produce nine different beauty and cosmetic products via a high-end product line called “Mind” and a mass-market product line called “Elements” using Flora’s own organic CBD oil.
We expect to supply the worldwide pharmaceutical, cosmetic industries with the highest-quality CBD oils and derivatives in the market.