Fort Lauderdale, Florida--(Newsfile Corp. - February 11, 2025) - Flora Growth Corp. (NASDAQ: FLGC) (FSE: 7301) ("Flora" or the "Company") is pleased to announce the appointment of Patrick Moloney as Head of Product Development for its accessory brand, Vessel. Mr. Moloney brings over two decades of product innovation and leadership experience, having held senior roles in product development at several globally recognized companies. His expertise in design and strategy will help drive Vessel's continued growth in the premium accessories market.
Mr. Moloney's career highlights include serving as Design Manager on New Product Innovation at Dyson, where he was responsible for leading a team in developing consumer products. His experience in the highly competitive consumer goods sector was further honed during his tenure as Senior Manager of New Sciences at British American Tobacco, where he was tasked with creating next-generation product offerings. Most recently, as Chief Product Officer at InLab Ventures, Mr. Moloney led the development of innovative products and services across multiple industries, focusing on sustainability and user experience.
Mr. Moloney is an inventor of over 300 patents who has brought to market iconic inventions, including the Dyson Supersonic Hairdryer and Dyson Airblade Tap, as well as developing foundational concepts for Dyson's floorcare range. At British American Tobacco, Mr. Moloney's contributions resulted in over 170 inventions and 120 patent filings, representing about 25% of British American Tobacco's total filings during his tenure.
In his new role, Mr. Moloney will oversee Vessel's product development, leveraging his extensive experience to drive innovation, enhance product quality, and strengthen Vessel's market position. As the cannabis accessories market evolves, his appointment underscores Flora's commitment to providing consumers with the highest-quality products and elevating the Vessel brand.
"Patrick's exceptional track record in product development aligns with Vessel's vision for the future. Patrick is one of the world's best in heat combustion," said Clifford Starke, Chief Executive Officer. "His experience across leading consumer brands and focus on driving new solutions will be pivotal as we continue to grow Vessel's product offerings and expand into new markets."
Mr. Moloney also expressed his enthusiasm for joining the Flora team. "I am excited to lead the product development efforts at Vessel, a brand that stands at the forefront of design and functionality in the cannabis accessory space," Moloney said. "I look forward to working with the talented team at Flora to develop new products that enhance the consumer experience and redefine industry standards."
About Flora Growth Corp.
Flora Growth Corp.'s mission is to become the leading NASDAQ small-cap international cannabis company. Flora is a cannabis-focused consumer-packaged goods leader and pharmaceutical distributor serving all 50 states and 28 countries with 20,000+ points of distribution around the world. For more information on Flora, visit www.floragrowth.com
This press release contains "forward-looking statements," as defined by U.S. federal securities laws. Forward-looking statements reflect Flora's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward-looking statements. These forward-looking statements include, but are not limited to, statements about: Mr. Moloney's expertise in design and strategy will help drive Vessel's continued growth in the premium accessories market, Mr. Moloney will oversee Vessel's product development, leveraging his extensive experience to drive innovation, enhance product quality, and strengthen Vessel's market position, and Mr. Moloney's experience across leading consumer brands and focus on driving new solutions will be pivotal as we continue to grow Vessel's product offerings and expand into new markets. Such forward-looking statements are subject to various and risks and uncertainties, including those described under section entitled "Risk Factors" in Flora's Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the "SEC") on March 28, 2024, as such factors may be updated from time to time in Flora's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov/edgar. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Flora's filings with the SEC. While forward-looking statements reflect Flora's good faith beliefs, they are not guarantees of future performance. Flora disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based on information currently available to Flora (or to third parties making the forward-looking statements).
