• Advertise
  • Contact Us
  • Write For Us
  • Our Team
Extraction Magazine
No Result
View All Result
  • Botanical Extraction
    • Cannabinoids
    • Psychedelics
    • Nutraceutical
    • Product Refinement
  • Industry News
    • Business
    • Sustainability
    • Safety & Compliance
    • Partners
  • Extraction Technology
    • Equipment
    • Methods
    • Solvents
    • DIY Extraction
    • Analytical Techniques
  • Medical Research
  • Glossary
  • Business Directory
  • Botanical Extraction
    • Cannabinoids
    • Psychedelics
    • Nutraceutical
    • Product Refinement
  • Industry News
    • Business
    • Sustainability
    • Safety & Compliance
    • Partners
  • Extraction Technology
    • Equipment
    • Methods
    • Solvents
    • DIY Extraction
    • Analytical Techniques
  • Medical Research
  • Glossary
  • Business Directory
No Result
View All Result
Extraction Magazine
No Result
View All Result
Home Industry News

Cannabis Powerhouse Flora Growth Announces Acquisition Of Franchise Global Health

Nick Congleton by Nick Congleton
February 15, 2023
in Industry News
Cannabis Powerhouse Flora Growth Announces Acquisition Of Franchise Global Health

 On December 27, 2022, Flora Growth announced the acquisition of Franchise Global Health, a European medical cannabis company, in a move that would cement the company’s foothold in the emerging German market and the rest of the European Union.

What is Flora Growth?

Flora Growth is a multinational cannabis company with a presence in the United States, Canada, Mexico, and the UK, among others. Flora Growth is the parent company of a number of cannabis brands, including JustCBD. The company has already established itself as a major player in the American growing cannabis markets and is now expanding to deliver the benefits of medical cannabis to the European Union.

READ ALSO

Green Extraction Techniques and Smart Solvents for Bioactive Recovery

Cannabis Business In South America

What Does the Acquisition Mean?

Franchise Global Health is a multinational medical cannabis company based out of Germany and is one of the major players in the European medical cannabis market. This company has been working to create a unified and streamlined medical cannabis operation across Europe in addition to collaborate in the process of legalization of recreational cannabis in Germany in the near future. 

According to the release put out by Flora Growth, the move would allow to bring its Columbian-grown cannabis directly to the European market, which shows extreme promise for growth in the coming years. With the acquisition of Franchise Global Health, Flora Growth gains access to over 1200 pharmacies across 28 countries.

Flora Growth is clearly positioning itself strategically for the spread of medical cannabis throughout Europe and the eventual legalization of recreational adult-use cannabis. With legalization on the horizon in Germany, Flora Growth is primed to become a top player in the fledgling market as soon as the laws come into effect.

A Globalized Cannabis Market

While the legal status of cannabis remains rocky across many nations, things are changing rapidly. If the legalization of cannabis across many US states has demonstrated anything about the course the rest of the world will take, things will remain uneven and complicated for some time. However, growth in markets where cannabis is legalized will be rapid. America’s multi-state operators (MSOs) are also serving as an example for the first wave of globalized multinational cannabis corporations. At this early stage, companies like Flora Growth are few, but they’ve proven that clever companies can expertly navigate the tricky legal landscape by dealing in the products which are legal in the markets where they operate. They’re proof that a company can be a cannabidiol (CBD) producing company in one state or country, while being in the high tetrahydrocannabinol (THC) containing medical grade cannabis business in another, as the laws in each allow.

It seems that, for the foreseeable future, this will be the next phase of growth within the cannabis market.

Related Posts

Green Extraction Techniques
Sustainability

Green Extraction Techniques and Smart Solvents for Bioactive Recovery

January 10, 2025
A vision for the cannabis business
Business

Cannabis Business In South America

September 16, 2024
Journey of Cannabis in America
Business

From Prohibition to Progress: The Oscillating Journey of Cannabis in America

September 13, 2024
Social Clubs in Spain
Business

Cannabis Social Clubs in Spain vs CoffeeShops in the Netherlands

August 23, 2024
Cannabis Industry Sector
Business

Latest News From The Cannabis Industry Sector

August 16, 2024
Cannabis in Asia
Business

Cannabis in Asia – Overview of Asian Laws

August 9, 2024
Next Post
What Happens If You Mix Cannabis With Psilocybin?

What Happens If You Mix Cannabis With Psilocybin?

LATEST ARTICLES

Green Extraction Techniques

Green Extraction Techniques and Smart Solvents for Bioactive Recovery

January 10, 2025
Wide angle view at two workers wearing protective suits while inspecting production at modern chemical plant, copy space

Collaborative Approaches in Botanical Extraction: Bridging Science and Industry

January 7, 2025
Areca Catechu

Inside the Betel Nut High: Exploring the Mind-Bending Effects of Areca Catechu

January 1, 2025
The Art of Extraction: Unlocking Nature’s Fragile Secrets

The Art of Extraction: Unlocking Nature’s Fragile Secrets

December 27, 2024

Subscribe Now

Subscribe to our newsletter now to receive quick updates from us



    Background
    About

    Extraction Magazine is the trusted provider of botanical extraction news, ever-changing politics, cool gadgets and technologies, and methods for producing safe, ethical, and compliant formulations.

    Advertisers
    Navigation
    • Botanical Extraction
    • Industry News
    • Extraction Technology
    • Medical Research
    • Glossary
    • Business Directory
    Recent Posts
    • Green Extraction Techniques and Smart Solvents for Bioactive Recovery
    • Collaborative Approaches in Botanical Extraction: Bridging Science and Industry
    • Inside the Betel Nut High: Exploring the Mind-Bending Effects of Areca Catechu
    • The Art of Extraction: Unlocking Nature’s Fragile Secrets
    Subscribe to our Newsletter
    loader

    Sitemap

    © 2025 Extraction Magazine is the trusted provider of botanical extraction news and the leading media in the ever-changing extraction industry.

    No Result
    View All Result
    • Industry News
    • Botanical Extraction
    • Medical Research
    • Medical Research
    • Glossary
    • Our Team
    • Write For Us

    © 2023 Extraction Magazine is the trusted provider of botanical extraction news and the leading media in the ever-changing extraction industry.