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    Remington Smith • Alliance Global Partners

    Remington Smith is an Associate and former Equity Research Associate specializing in the Consumer and Cannabis sectors, with a focus on lower to middle-market companies at Alliance Global Partners. He maintained research coverage of companies in these industries, evaluating macro trends and firm-specific fundamentals, though public data on his predictive track record and performance rankings are not available. Smith graduated with a Bachelor of Science in Finance from the Rauch School of Business at Lehigh University and transitioned to Goode Partners after his tenure at Alliance Global Partners. Formal professional credentials such as securities licenses or FINRA registration are not publicly listed, and no notable industry-wide awards or recognitions have been reported.

    Remington Smith's questions to Flora Growth Corp (FLGC) leadership

    Remington Smith's questions to Flora Growth Corp (FLGC) leadership • Q3 2024

    Question

    Remington Smith of Alliance Global Partners inquired about Flora Growth's primary near-term and long-term growth drivers, the recent softness in its German operations, the path to achieving mid-30% gross margins, and the EBITDA impact of recent investments.

    Answer

    CEO Clifford Starke identified U.S. beverages and the German Parallel Import (PI) business as key growth drivers. He explained that the German business model is being retooled for higher margins under a new leadership team. CFO Dany Vaiman added that higher-margin U.S. brands are currently offset by lower-margin German pharma distribution, but the PI business is expected to lift the consolidated margin over time. Starke confirmed that current investments in beverages and Germany are impacting near-term EBITDA with benefits expected in future quarters.

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