Flora Growth Corp. (FLGC) announced revenue guidance of $90 million to $105 million for fiscal 2023. The company noted that the revenue guidance reflects expected organic growth in the House of Brands division and expansion of the Commercial & Wholesale division capabilities. The company expects the House of Brands and Commercial & Wholesale divisions will have roughly equal contributions to the top line, while the Pharmaceutical division is expected to contribute up to 10% of total revenue.
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