Why Flora Growth Shares Shot Nearly 7% Higher on Friday

The stock of Canadian marijuana company Flora Growth (NASDAQ: FLGC) produced a sweet high for investors at the end of the week by closing Friday almost 7% higher. Flora Growth isn't wasting any time jumping into what is almost certain to become the world's newest medical marijuana market, Panama. The cannabis company announced that it has signed a letter of intent with that country's Robust Farms covering the import of Flora Growth's cannabidiol-derivative products.