Flora Growth Corp. Reports Revenue Decline with 2024 Figures at $35.9M, Down from $59.5M; Comprehensive Loss Recorded at $9.02M for the Period
Flora Growth Corp. reported a revenue decline for 2024, with total revenue falling to $35.9 million from $59.5 million after the sale of its cannabis business. The cost of sales also decreased, leading to a gross profit drop from $12.5 million to $2.2 million. For the first half of 2025, pro forma revenue was adjusted to $16.6 million, with a comprehensive loss of $9.0 million. No future guidance was provided in the financial results.
Flora Growth Corp. released its unaudited pro forma consolidated financial results for the year ended December 31, 2024, and the six months ended June 30, 2025. For the full year 2024, Flora Growth reported total revenue of $59.505 million, which declined to a pro forma revenue of $35.865 million after the disposition of its cannabis business. The cost of sales decreased from $47.008 million to a pro forma cost of $33.669 million. This resulted in a gross profit reduction from $12.497 million to $2.196 million on a pro forma basis. For the six months ended June 30, 2025, Flora Growth initially reported revenue of $26.582 million, which adjusted to a pro forma revenue of $16.575 million following the cannabis business disposition. The cost of sales decreased from $20.864 million to $15.420 million on a pro forma basis. The comprehensive loss for the period amounted to $15.988 million, contrasting with a prior gain of $6.610 million for the same period in the previous year, resulting in a pro forma comprehensive loss of $9.022 million. Flora Growth did not provide any specific outlook or guidance for future periods in the released financial results. The financial adjustments and figures are based on estimates and assumptions related to the recent business disposition. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flora Growth Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001062993-25-015748), on September 23, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
