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Gold Flora (OTC:GRAM) Stock, Option Chain

Grana y Montero

Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail, and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

Benzinga Cannabis Market Spotlight

Cannabis

News

Events

GLASF

GRAM

PLNH

Join top cannabis experts in Anaheim this Tuesday, Nov 12 at Benzinga&#39;s California Market Spotlight. Register now!

California Cannabis Industry Titans Headline Benzinga&#39;s Anaheim Event Tues. Nov. 12

ibrahim-rifath-OApHds2yEGQ-unsplash(6)

Earnings

CSE:VEXT

ISPR

VEXTF

Ispire Technology Inc. (NASDAQ: ISPR) will host its earnings conference call at 8:00 am Eastern Time on Tuesday, Nov. 12, 2024, to discuss the company&#39;s financial results for its fiscal first quarter ended Sept. 30, 2024. Gold Flora will report financial results for the third quarter ended Sept. 30, 2024, on Thursday, Nov. 14, 2024.Vext will release its financial results for the third quarter ends Sept. 30, 2024, before the market opens on Nov. 21.

Cannabis Co With Significant Growth Potential And Other Marijuana Operators Will Soon Report Earnings

BenzingaCCC.19.9.2024.LifeAfter280E

Regulations

Financing

Politics

GRAMF

MSOS

REFI

VRNOF

Marijuana companies would be &#34;treated like normal businesses,&#34; If the oppressive restrictions of Section 280E of the Internal Revenue Code, which prevents cannabis businesses from deducting typical business expenses, go away.

EXCLUSIVE: Weed Companies Will Be Treated Like Normal Businesses Once This Tax Provision Goes Away, Experts Say

Gold Flora Corp

GOLD FLORA WQY WARRANTS

TPCO Holding Corp Ordinary Shares - Class A (Restricted Voting)

The buzz is building around the <a href="https://cannabismarketspotlight.com/california/anaheim-november-12/">California cannabis industry</a> as Benzinga prepares to host its highly anticipated <a href="https://cannabismarketspotlight.com/california/anaheim-november-12/">Cannabis Market Spotlight</a> event on November 12, 2024, at the House of Blues in Anaheim. With federal cannabis reclassification potentially on the horizon, California's industry insiders are gathering to exchange insights, forge partnerships and discuss fresh opportunities that could reshape the market landscape.
Industry professionals, including dispensary owners, brand leaders, investors and entrepreneurs, will convene for a full day of high-impact sessions. Topics range from capital strategies and retail growth to global expansion and consumer segmentation, all tailored to help businesses stand out in California's highly competitive market.
For those eager to join the conversation, <a href="https://cannabismarketspotlight.com/california/anaheim-november-12/">tickets are available</a> on <a href="https://cannabismarketspotlight.com/california/anaheim-november-12/">Benzinga's event page</a>. With a range of speakers and sessions, this event promises invaluable insights, key networking opportunities and actionable takeaways for navigating California's rapidly evolving cannabis industry.
<h3 class="wp-block-heading">Key Panels And Topics</h3>
Attendees will gain a deep dive into the investment landscape, discover potential retail opportunities and hear directly from influential voices about the future of cannabis in California and beyond. The day's panels feature discussions on:
<ul>
<li>Investment and Expansion: How to navigate capital markets in California's cannabis scene.</li>
<li>Global Brand Building: Insights into how California's cannabis culture can influence Latin American and Asian markets.</li>
<li>Retail Strategies and Consumer Segments: Analyzing market segments from wellness consumers to first-time users.</li>
<li>Innovation and Celebrity Branding: Exploring the profitability of innovative cannabis products and the impact of celebrity partnerships.</li>
</ul>
Among the companies represented, notable public firms like Glass House Brands (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLASF#OTC">GLASF</a>) and Gold Flora Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRAM#OTC">GRAM</a>) will share insights alongside other leading brands, focusing on California's potential as a national and international powerhouse in cannabis.
<a href="https://cannabismarketspotlight.com/california/anaheim-november-12/">Get your tickets now</a>. Very few are left.
<h3 class="wp-block-heading">Speaker Lineup</h3>
Each speaker brings a unique perspective to the challenges and opportunities in California's cannabis sector. The event will include the following industry leaders:
<ul>
<li>Kyle Kazan, Co-Founder, Chairman &amp; CEO – Glass House Brands</li>
<li>Sahar Ayinehsazian, Partner – Vicente LLP</li>
<li>Nicole Elliott, Director – California Department of Cannabis Control</li>
<li>Dustin Moore, Co-Founder – Embarc</li>
<li>Jesse Redmond, Head of Cannabis – Water Tower Research</li>
<li>Laurie Holcomb, CEO – Gold Flora</li>
<li>Jocelyn Sheltraw, Co-Founder &amp; CEO – Budist</li>
<li>Dustin Milner, CEO – Talarya Brands</li>
<li>Dennis O'Malley, Founder &amp; Principal – Echtrai Corp</li>
<li>Rachel Wright, Founder &amp; CEO – Verdant Strategies</li>
<li>Steve Podell, CEO &amp; Co-Founder – Hyroad; Operating Partner – Cypress Ascendant Holdings</li>
<li>Chelsea Kossower, VP of Global Expansion – Puffco</li>
<li>Lauren Fontein, Founder &amp; Chief Compliance Officer – The Artist Tree</li>
<li>Caleb Counts, CEO &amp; Co-Founder – Connected Cannabis</li>
<li>Lee Fraser, Chief Administrative Officer – Planet 13 (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PLNH#OTC">PLNH</a>)</li>
<li>DJ Saul, CEO – Khalifa Kush</li>
<li>Ron Gershoni, CEO – Jetty Extracts</li>
<li>Teddy Cabugos, President – Sunstone Brands</li>
<li>Kenny Morrison, Founder – CQ Drinks</li>
<li>Raza Lawrence, Counsel – Zuber Lawler</li>
<li>Sierra Elaina, CEO – Lehua Brands</li>
<li>Hirsh Jain, Founder – Ananda Strategy</li>
<li>Seth Yakatan, Co-Founder – Katan Associates</li>
<li>Anthony Green, EVP, Sales – Surfside</li>
<li>Rusty Wilenkin, Co-Founder &amp; CEO – Old Pal</li>
<li>Tom Zuber, Managing Partner – Zuber Lawler</li>
<li>Paul Jacobson, CEO – Rove</li>
<li>Kendra Clark, General Counsel – Connected Cannabis</li>
<li>Brian Applegarth, Owner &amp; Founder – Applegarth Strategies</li>
<li>Scott Schmidt, Executive Director – Emerald Village West Hollywood</li>
<li>Jerred Kiloh, President – UCBA</li>
<li>Maha Haq, Social Consumption Consultant – Maha Haq</li>
<li>Chang Yi, CEO &amp; Chief Legal Officer – Smoakland</li>
<li>Jason McKnight, Founder &amp; CEO – Green Label RX</li>
<li>Sue Carlton, Owner – Ranchera Familia &amp; Moon Valley Creek Ranch; Chief of Marketing – Crockett Family Farms</li>
<li>Bill Levers, Co-Founder – Beard Bros. Pharms</li>
<li>Angela Pih, Founder – BrandTrust</li>
<li>Matthew Shterenberg, CEO &amp; Co-Founder – Deeproots Partners</li>
<li>Eric Gutshall, Co-Founder &amp; Chief Development Officer – Jointly</li>
<li>Adam Banke, Co-Founder &amp; COO – Hyroad</li>
<li>Drew Mathews, CEO – Green Life Business Group Inc.</li>
</ul>
<h3 class="wp-block-heading">Don't Miss Out</h3>
The House of Blues, known for its lively atmosphere, will provide an ideal setting for participants to network and share their visions for the future of cannabis in California. For anyone eager to engage with the Who's Who of California's cannabis scene, this is the event to attend.
Tickets are available at <a href="https://cannabismarketspotlight.com/california/anaheim-november-12/">cannabismarketspotlight.com</a> for those ready to connect with top industry minds and explore new avenues in cannabis.

California Cannabis Industry Titans Headline Benzinga's Anaheim Event Tues. Nov. 12

<h3 class="wp-block-heading">Ispire Technology</h3>
Ispire Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPR#NASDAQ">ISPR</a>) will host its earnings conference call at 8:00 am Eastern Time on Tuesday, Nov. 12, 2024, to discuss the company&#8217;s financial results for its fiscal first quarter ended Sept. 30, 2024.
According to Michael Wang, the company&#8217;s co-CEO, 2024 was "a foundational year for Ispire." The company <a href="https://www.benzinga.com/markets/cannabis/24/09/41049463/nasdaq-listed-vaping-company-ispire-reports-31-yoy-increase-in-2024-revenue">reported</a> record revenue and substantial margin expansion while &#8220;strategically positioning us for faster growth in our global nicotine business and intentionally focusing our cannabis vaping hardware on high-quality multi-state operator (MSO) customers,&#8221; Wang continued.
Revenue increased 31.4% year-over-year to $151.9 million as compared to $115.6 million in the 2023 fiscal year.
During an interview on Benzinga&#8217;s Cannabis Insider <a href="https://www.benzinga.com/topic/cannabis-insider">podcast</a> earlier this year Wang said that &#8220;vaping will become the number one way for using <a href="https://www.benzinga.com/markets/cannabis/24/06/39291319/exclusive-ispires-ceo-michael-wang-predicts-vaping-will-soon-surpass-cannabis-flower-sales">cannabis within the next 2 or 3 years.&#8221;</a>
Ispire's shares traded 5.56% lower at $6.12 per share at the time of writing on Thursday.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/05/39049831/cannabis-vape-tech-producer-ispire-enters-south-african-market-via-exclusive-deal-with-dank-pack">Cannabis Vape Tech Producer Ispire Enters South African Market Via Exclusive Deal With Dank Pack</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Gold Flora</h3>
Vertically-integrated California cannabis company Gold Flora Corporation (Cboe Canada: GRAM) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/GRAM#OTCQB">GRAM</a>) will report financial results on Thursday, Nov. 14 for the third quarter ended Sept. 30, 2024. The company will host a conference call to discuss the results at 6:00 pm Eastern Time, on the same day.
The second quarter earnings report made public in August revealed $31.64 million in revenue for the period, reflecting a slight decrease of 2% from the previous quarter. Gross profit dropped significantly by 28%, totaling $7.25 million in the second quarter, <a href="https://www.benzinga.com/markets/cannabis/24/08/40401702/gold-flora-q2-earnings-revenue-soars-though-net-loss-widens-to-24m">resulting in a gross margin of 23%.</a>
In October, Gold Flora&#8217;s common shares were approved to quote on the OTC Market&#8217;s Group Inc.&#8217;s OTCQB Venture Market in the U.S. under the ticker symbol &#8220;GRAM."
<h3 class="wp-block-heading">Vext Science</h3>
Vext Science, Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/VEXT#CSE">VEXT</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VEXTF#OTCQX">VEXTF</a>) a U.S.-based cannabis operator with vertical operations in Arizona and Ohio plans to release its financial results before the market opens on Nov. 21 for the third quarter ending Sept. 30, 2024, The earnings conference call and webcast will take place on the same day at 08:00 am Eastern Time.
Pablo Zuanic, senior analyst at Zuanic &amp; Associates initiated coverage of Vext Science with an Overweight rating earlier this year, highlighting the company's significant growth potential.
As highlighted by Benzinga&#8217;s <a href="https://www.benzinga.com/author/nicol-s-jose-rodriguez">Nicolás Jose Rodriguez</a>, Zuanic calculated that Vext has the most EBITDA torque among the twelve public multi-state operators (MSOs) in Ohio, projecting Vext's EBITDA could grow six-fold by calendar 2026, taking calendar 2023 as the base year. Recreational marijuana sales launched across Ohio on <a href="https://www.benzinga.com/markets/cannabis/24/08/40172821/its-official-ohio-begins-recreational-cannabis-sales-on-tuesday-heres-where-and-how-you-know-the">Tuesday, Aug. 6.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40761882/1b-in-26-days-this-marijuana-company-is-capitalizing-on-ohios-cannabis-surge">$1B In 26 Days: This Marijuana Company Is Capitalizing On Ohio&#8217;s Cannabis Surge</a></li>
</ul>

Marijuana companies would be "treated like normal businesses," if the oppressive restrictions of Section 280E of the Internal Revenue Code, which prevents cannabis businesses from deducting typical business expenses, go away. 
That's according to Darren Weiss, president of Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VRNOF#OTCQX">VRNOF</a>), who joined three other industry experts at the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> in Chicago on Tuesday for the panel, &#8220;Life After 280E, Different Companies, Different Scenarios: More Money For All?&#8221;
Without paying 280E taxes, companies such as Verano with active operations spanning 14 U.S. states, would have additional dollars to direct toward research and development efforts.
Having extra cash is an "opportunity to engage in more sort of hard science R&amp;D which is not been the bulwark of this industry," Weiss told the crowd at the Marriott Magnificent Mile. He added that single-state operators would also be able to do business successfully and "survive."
Laurie Holcomb, CEO of Gold Flora Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRAM#OTC">GRAM</a>); Mackenzie Peterson, vice president of marketing at AdvisorShares Pure US Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSOS#NYSE">MSOS</a>) and Peter Sack, managing partner at Chicago Atlantic Real Estate Finance Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REFI#NASDAQ">REFI</a>), also participated in the panel with Weiss. David Feuerstein, co-founder and partner at Feuerstein Kulick, moderated.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/08135822/ccc-oct-24-banner__1_-17.gif" alt="" class="wp-image-586238" /></a></figure>
In the long run, having more money on their balance sheets without the complexity imposed by 280E would make cannabis businesses more attractive to potential investors, AdvisorShares' Peterson said. Operating like a normal business would make investors see a cannabis company as an opportunity.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41233018/exclusive-ross-gerber-sees-tsunami-of-money-pouring-into-cannabis-companies-upon-federal-legaliz">EXCLUSIVE: Ross Gerber Sees &#8216;Tsunami Of Money&#8217; Pouring Into Cannabis Companies Upon Federal Legalization, Says Cannabis Is One Of &#8216;Biggest&#8217; Opportunities Beyond AI</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h1 class="wp-block-heading">280E Going Away Is Paired With Rescheduling</h1>
"Companies will benefit just by having more money on their balance sheets that can go into a ton of different places," Peterson said referring to 280E going away, a milestone that will "be paired with rescheduling."
But, cannabis rescheduling — a topic widely discussed and addressed for years — is not plausible in 2024, according to Peterson, even though both of the presidential picks for the November elections seem to be at least pro-cannabis.
Chicago Atlantic's Sack, who manages a lending company to the cannabis industry and has deployed close to two billion dollars, called former President Donald Trump&#8216;s endorsement of rescheduling "a major milestone." Having the Republican candidate endorsing rescheduling changes the dynamic in the conversation from "if" to "when" it will happen, he added.
Sack said the policy change around cannabis alongside 280E going away would&nbsp;make companies like his "more willing to provide capital to the industry."
"I think it&#8217;s an incremental puzzle piece leading to what I think will be really transformational of uplifting," Sack continued.
Gold Flora's Holcomb agrees. Cannabis policy change would also help crack down on illicit sales, she explained, referring to the burning issue in California.
Having more money in the legal market and not being subject to the tax structure that includes local and state taxes in addition to 280E, would allow operators to offer pricing to consumers at the same price as illicit operators.
She added the price will change once California sees more legal stores open. "We only have about a thousand, we need three thousand, so it starts with that," Holcomb said.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41236050/californias-largest-cannabis-delivery-service-closes-down-lays-off-500-workers">California&#8217;s Largest Cannabis Delivery Service Closes Down, Lays Off 500 Workers</a></li>
</ul>
Photo: Benzinga Cannabis Conference 2024, &#8220;Life After 280E, Different Companies, Different Scenarios: More Money For All?&#8221;, Photo by Wendy Davis.

<a href="https://www.benzinga.com/events/cannabis-conference/livestream/" title="https://www.benzinga.com/events/cannabis-conference/livestream/">https://www.benzinga.com/events/cannabis-conference/livestream/</a>

Government

Exclusives

Markets

Gold Flora CEO Laurie Holcomb Says If We Get Those Two Things Happening; We've Operated Under Prop 215 Since 1997, I Think For Smaller [Businesses] Ones It'll Give Them Opportunity to Actually Make Money Which Is Difficult Today

Gold Flora CEO Laurie Holcomb Says: There Is Disparity In Illicit Market In California And Pricing, In Tax Structures, Local And State Taxes; To Raise Money To Bring It Back Here Because We're Canadian Listed Companies; Consumers Are Going To Go To Whoever Is Growing For Them; Need More Retail Stores In California, Starts With That

Gold Flora CEO Laurie Holcomb Says: We're Vertical So We Can Push Things Around, But Free Cash Flow, Freeing Up Some Cash For Balance Sheets Getting A Simpler Structure For Taxes That Dont Adhere To 280E; Other Businesses Don't Understand The Complexities

The <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> is back, returning to Chicago on October 8-9, 2024, at the <a href="https://www.benzinga.com/events/cannabis-conference/">Marriott Magnificent Mile</a>, where the cannabis industry&#8217;s most influential leaders and innovators will converge. As cannabis legalization efforts accelerate across the U.S. and beyond, this year&#8217;s event promises to be a significant moment for businesses, investors and advocates alike.
Following a successful Spring event in Hollywood, Florida, which attracted more than 2,000 attendees and 200 investors, the Fall edition of the Benzinga Cannabis Capital Conference is expected to offer even more opportunities for networking, deal-making and industry-changing insights. The conference provides a critical platform at a time when cannabis rescheduling and potential legalization are poised to shift the industry landscape.
<h2 class="wp-block-heading">Benzinga Cannabis Capital Conference: A Must-Attend For Industry Leaders and Investors</h2>
The <a href="https://www.benzinga.com/events/cannabis-conference/">event</a> promises a carefully curated experience, featuring expert panels, fireside chats and exclusive networking sessions designed to foster meaningful connections. &#8220;Benzinga remains the leading event in the cannabis industry, bringing together leaders and investors to forge connections and drive the sector forward,&#8221; says Elliot Lane, director of cannabis events at Benzinga and a key figure in shaping the conference&#8217;s dynamic programming.
<h3 class="wp-block-heading">Keynote Speakers: Industry Trailblazers</h3>
This year's keynote speakers are a mix of established titans and forward-thinking leaders. Among them is George Archos, founder and CEO of Verano Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VRNOF#OTC">VRNOF</a>), who will offer insights into navigating the evolving regulatory framework. Also headlining is Ross Gerber, president of Gerber Kawasaki Wealth and Investment Management, renowned for his innovative investment strategies in emerging markets. Cresco Labs (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>)&#8217;s CEO, Charlie Bachtell, will discuss the operational challenges and opportunities in a potentially legalized cannabis environment, while Jim Belushi, founder of Belushi's Farm, will share his unique perspective on cannabis cultivation and brand building.
Other highlights include Alexa Alianiello, U.S. sales and partnerships lead at X (formerly Twitter), who will delve into the intersection of social media and cannabis, providing insights into how digital platforms can drive political engagement and elevate brand awareness. Beena Goldenberg, CEO of Organigram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>), will address international market opportunities as Big Tobacco increasingly bets on cannabis. And former NFL player Ricky Williams, a cannabis advocate and entrepreneur, will speak about wellness, recovery and the role of cannabis in sports health.
<h3 class="wp-block-heading">A Lineup Packed With Industry Leaders And Innovators</h3>
The 2024 speaker lineup is packed with industry leaders and innovators who are shaping the future of cannabis. Notable speakers include:
<ul>
<li>Claire Wells Hanson, Member in Charge of Denver Office &amp; Cannabis Litigation Team Leader, Clark Hill Law</li>
<li>David Feuerstein, Co-Founder &amp; Partner, Feuerstein Kulick LLP</li>
<li>Emily Fisher, Founder &amp; CEO, Leafwell</li>
<li>Frank Segall, Co-Chair, Cannabis Practice, Blank Rome</li>
<li>Janice O&#8217;Reilly, Consulting Partner, AAFCPAs&#8217; National Cannabis Practice</li>
<li>Steve Riparip, Founder &amp; Head Strategist, Tact Firm LLC</li>
<li>Tassa Saldi, PhD, Co-Founder and CEO, TUMI Genomics</li>
<li>Tayyaba Khan, Partner, Cassels</li>
<li>William Muecke, Co-Founder and Managing Member, Artemis Growth Partners</li>
<li>Dreka Gates, Founder, Love&#8217;s Harvest</li>
<li>Krista Raymer, CEO, Vetrina</li>
<li>Bryan Gerber, Co-Founder &amp; CEO, HARA Supply</li>
<li>Jesse Redmond, Head of Cannabis, Water Tower Research</li>
<li>Dr. Chanda Macias, CEO and Chairwoman of the Board of Managers, Women Grow</li>
<li>Richie Proud, CEO and Director, iAnthus (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTC">ITHUF</a>)</li>
<li>Nick Rinella, CEO, Hippos Cannabis</li>
<li>Drea Groeschel, CEO, Better Than Booze</li>
<li>Kevin Brooks, CEO, Conception Nurseries</li>
<li>Dustin Milner, CEO, Talarya Brands</li>
<li>Joseph Lustberg, CEO, Upwise Capital</li>
<li>Stacy Litke, VP of Banking Programs, Green Check Verified</li>
<li>Laurie Parfitt, Founder &amp; CEO, LKP Impact Consulting</li>
<li>Will Bowden, Founder &amp; CEO, Grasshopper Farms</li>
<li>Jordan Ascanio, Creative Director, CLS Holdings USA Inc.</li>
<li>Kyle Sherman, Founder &amp; CEO, Flowhub</li>
<li>Tiffany Richardson, Partner (National Cannabis Industry Lead), Crowe</li>
<li>Paul Weiss, CEO, PaperPlanes</li>
<li>Tony Schor, CEO, Investor Awareness</li>
<li>Jackie Gonzalez-Becerra, Vice President, Revenue, Weedmaps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAPS#NASDAQ">MAPS</a>)</li>
<li>Barbara Fox, CEO, Cannabiz Supply</li>
<li>Terry Bishop, President &amp; CEO, Leftherium</li>
<li>Laurie Holcomb, CEO, Gold Flora (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRAM#OTC">GRAM</a>)</li>
<li>Beau Whitney, Founder &amp; Chief Economist, Whitney Economics</li>
<li>Sundie Seefried, CEO/President, Safe Harbor Financial</li>
<li>Bryna Dahlin, Partner, Benesch Law</li>
<li>Michael Villapiano, Director, Altmore Capital</li>
<li>Rep. David Joyce, 14th District of Ohio, U.S. Representative</li>
<li>Kevin Hart, Founder &amp; CEO, Green Check Verified</li>
<li>Sahar Ayinehsazian, Partner, Vicente LLP</li>
<li>Neil Prasad, CPA-Partner, Marcum</li>
<li>Christine Smith, CEO, Gron</li>
<li>Charles Alovisetti, Partner, Vicente LLP</li>
<li>Jim Kirsch, President, A.G.P./Alliance Global Partners</li>
<li>Kris Walker, President &amp; Chief Commercial Officer, Hoodie Analytics</li>
<li>Jon Levine, CEO, MariMed (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>)</li>
<li>Gary Santo, CEO, Rx Green Technologies</li>
<li>Scott Greiper, Founder &amp; President, Viridian Capital Advisors</li>
<li>Anthony Coniglio, CEO, NewLake Capital Partners (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NLCP#OTC">NLCP</a>)</li>
<li>Jamie Pearson, President, New Holland Group</li>
<li>Dan Neville, CEO, AFC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFCG#NASDAQ">AFCG</a>)</li>
<li>Dan Ahrens, CIO &amp; Portfolio Manager of AdvisorShares Pure US Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSOS#NYSE">MSOS</a>) and AdvisorShares Pure Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOLO#NYSE">YOLO</a>), AdvisorShares</li>
<li>Tom Zuber, Managing Partner, Zuber Lawler</li>
<li>Darren Lampert, CEO &amp; Co-Founder, GrowGeneration (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>)</li>
<li>Tim Conder, CEO, TILT Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TLLTF#OTC">TLLTF</a>)</li>
<li>Aaron Grey, Managing Director, Equity Research Consumer &amp; Cannabis</li>
</ul>
<h2 class="wp-block-heading">Expanding Opportunities For Women And Minority-Owned Businesses</h2>
In line with Benzinga's dedication to diversity, <a href="https://www.benzinga.com/events/cannabis-conference/">the conference has partnered with Women Grow</a> to amplify opportunities for women and minority-owned businesses. This partnership will waive sponsorship fees and offer these companies the chance to expand their reach, ensuring that the cannabis industry continues to include and represent diverse voices.
More details can be found at <a href="https://www.benzinga.com/events/cannabis-conference/">bzcannabis.com</a>
<h2 class="wp-block-heading">Registration and Details</h2>
The <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> offers a unique opportunity for attendees to immerse themselves in the rapidly evolving cannabis space. Tickets are available at <a href="https://bzcannabis.com">bzcannabis.com</a>, and the event is expected to sell out, given its relevance to the industry's ongoing regulatory developments and growth prospects.
With the cannabis industry standing on the brink of major shifts, the Benzinga Cannabis Capital Conference is positioned as an essential event for anyone seeking to stay at the forefront of this dynamic sector.
<a href="https://www.benzinga.com/events/cannabis-conference/">Get your tickets now</a>. Prices will increase after Labor Day!

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Key Cannabis Leaders Gather For Networking At Benzinga's Fall 2024 Conference: The Last Big Event Before The Election

Gold Flora (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRAM#OTC">GRAM</a>) reported Q2 2024 sales of $31.6 million, marking a 2% sequential decline and falling short of the estimated $34.2 million. According to a report by Zuanic &amp; Associates, the performance of the Californian cannabis company raised concerns despite a generally positive medium-term outlook.
<h3 class="wp-block-heading">Q2 2024 Financial Performance</h3>
The company also reported an adjusted EBITDA of -$2 million, significantly below the anticipated +$1.1 million. Management attributed the decline in sales to increased discounting by leading brands and seasonal factors.&nbsp;
On a positive note, production output increased by 14% quarter-over-quarter, although inventories dropped by $1.3 million.
<h3 class="wp-block-heading">Margins And Expenses</h3>
Despite heightened price competition, Gold Flora managed to increase its adjusted cash gross margins from 54% to 57% quarter-over-quarter, partly due to a higher allocation of its production to the company&#8217;s 16 dispensaries.&nbsp;
However,<a href="https://www.benzinga.com/markets/cannabis/24/08/40401702/gold-flora-q2-earnings-revenue-soars-though-net-loss-widens-to-24m"> reported</a> all-in gross margins dropped from 31% to 23%. The company&#8217;s recurring operating expenses rose to $17.2 million in Q2, compared to $15.6 million in Q1, while cash holdings decreased by $3.5 million quarter-over-quarter, showing an improvement from prior quarters.
<h3 class="wp-block-heading">Debt And Strategic Outlook</h3>
Gold Flora&#8217;s total net debt increased to $37 million, with $16 million due within 12 months.&nbsp;
The company is expected to refinance part of its debt, particularly the $22.6 million in convertible debt due by the end of 2025. Despite the disappointing quarterly results, the company&#8217;s strategic approach remains intact, with plans to expand its production capacity and increase its retail footprint.
<h3 class="wp-block-heading">Valuation And Stock Performance</h3>
Gold Flora&#8217;s stock has been underperforming, with shares down 57% over the last 90 days, compared to a 23% decline for the MSOS ETF. However, Zuanic &amp; Associates maintains an overweight rating on Gold Flora, citing the company&#8217;s long-term growth potential and attractive valuation relative to peers like GlassHouse. The stock trades at 0.7x projected 2024 sales, below the 1.9x MSO average.
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/08/40472026/terrascend-launches-10m-share-repurchase-program-amid-strong-q2-results">TerrAscend Launches $10M Share Repurchase Program Amid Strong Q2 Results</a>

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Gold Flora's Q2: A Mixed Bag For Cannabis With EBITDA Down $2M, Margins Up To 57%

Gold Flora Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRAM#OTC">GRAM</a>), a vertically-integrated California <a href="http://benzinga.com/cannabis">cannabis</a> company, announced its financial earnings Thursday for the second quarter of 2024. 
<h4 class="wp-block-heading">Q2 2024 Financial Highlights</h4>
<ul>
<li>Revenue was $31.64 million, compared to the $14.96 million reported in the same quarter last year.</li>
<li>Net loss was $23.95 million, compared to the $14.1 million from the second quarter of 2023.</li>
<li>Adjusted EBITDA was a loss of $1.97 million, compared to a loss of $0.28 million in Q2 last year.</li>
<li>Gross profit was $7.25 million, increasing from the $3.94 million in Q2 2023.</li>
</ul>
<h3 class="wp-block-heading">Gross Profit Declines And Adjusted Gross Margin Increases</h3>
Gold Flora Corporation generated $31.64 million in revenue, reflecting a slight decrease of 2% from the previous quarter. However, gross profit dropped significantly by 28%, totaling $7.25 million, resulting in a gross margin of 23%. Adjusted gross profit stood at $18.17 million, with an adjusted gross margin of 57%, up from 54% in Q1.
Cash used in operating activities amounted to $4.8 million, leaving Gold Flora with $10.7 million in cash and cash equivalents as of June 30, 2024.
<h3 class="wp-block-heading">Gold Flora Boosts Flower Harvest Yields, Increases Product Portfolio</h3>
Operationally, Gold Flora achieved a 14% improvement in flower harvest yields following recent cultivation investments. The company also successfully increased first-party product revenue to 30% of total retail sales and continued to expand its product portfolio, notably with the Gramlin brand, now the 5th fastest-growing cannabis brand in California. 
<h3 class="wp-block-heading">CEO Commentary</h3>
Despite the challenges, CEO Laurie Holcomb expressed optimism, citing the company&#8217;s strong market positioning and cultivation capabilities as key advantages moving forward. 
&#8220;As one of the largest indoor cultivators in the state, we have a unique competitive advantage that sets us apart from the vast majority of other operators in California,&#8221; <a href="https://www.newswire.ca/news-releases/gold-flora-reports-second-quarter-2024-financial-results-821028819.html">stated</a> Holcomb in a press release. &#8220;We can quickly adjust our operations to meet current market demand, and at scale, enabling us to offer attractive price points and excellent products. With our cultivation investments complete and subsequent harvests now demonstrating the improved yield and product quality that we can generate, we are incredibly well positioned to execute on the opportunity ahead of us as we move through the second half of the year.&#8221; 
With its continued expansion of its cultivation footprint, Gold Flora remains focused on strengthening its competitive edge in the <a href="http://benzinga.com/topic/california-cannabis">California cannabis market</a>.
Price Action GRAM's shares were trading 5.67% lower at $0.0915 per share at the time of this writing around 1:00 PM ET Thursday.
Related News
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39431798/maintaining-a-balanced-accounts-receivable-sheet-in-cannabis-ceo-of-gold-flora-shares-her-secret">Maintaining A Balanced Accounts Receivable Sheet In Cannabis: CEO Of Gold Flora Shares Her Secret</a></li>
</ul>
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Gold Flora Q2 Earnings: Revenue Soars Though Net Loss Widens To $24M

The Viridian Chart of the Week explores the relationship between financial strength and YTD stock performance.&nbsp;&nbsp;
<img alt="viridian_cow.png" src="https://www.benzinga.com/files/images/2024/June/24/viridian_cow.png" style="height:450px; width:440px" />
We broke the 30 MSO/SSOs that Viridian ranks each week into five different groups arranged with the strongest six companies on the left (Group 1) and the weakest six companies on the right (Group 5).
<ul>
<li>
Group 1: Green Thumb (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>), Trulieve (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>), Grown Rogue (OTC: <a class="ticker" href="https://www.benzinga.com/stock/grusf#OTC">GRUSF</a>), Verano (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vrnof#OTC">VRNOF</a>), Cresco (OTC: <a class="ticker" href="https://www.benzinga.com/stock/crlbf#OTC">CRLBF</a>) and Planet 13&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/plnh#OTC">PLNH</a>)
</li>
<li>
Group 2: Curaleaf (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>), Cansortium&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cntmf#OTC">CNTMF</a>) (proforma), C21 (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cxxif#OTC">CXXIF</a>), MariMed (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mrmd#OTC">MRMD</a>), Vext (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vextf#OTC">VEXTF</a>), and Ascend&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aawh#OTC">AAWH</a>)
</li>
<li>
Group 3: AYR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ayrwf#OTC">AYRWF</a>), TerrAscend (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tsndf#OTC">TSNDF</a>), 1933 Industries (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tgiff#OTC">TGIFF</a>), Glass House (OTC: <a class="ticker" href="https://www.benzinga.com/stock/glasf#OTC">GLASF</a>), Leef Brands (OTC: <a class="ticker" href="https://www.benzinga.com/stock/leeef#OTC">LEEEF</a>), and Goodness Growth&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gdnsf#OTC">GDNSF</a>)
</li>
<li>
Group 4: Jushi (OTC: <a class="ticker" href="https://www.benzinga.com/stock/jushf#OTC">JUSHF</a>), Shwazze, Cannabist (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cbstf#OTC">CBSTF</a>),&nbsp;Ianthus (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ithuf#OTC">ITHUF</a>), Acreage (OTC: <a class="ticker" href="https://www.benzinga.com/stock/acrdf#OTC">ACRDF</a>), and 4Front&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ffntf#OTC">FFNTF</a>)
</li>
<li>
Group 5: Tilt (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tlltf#OTC">TLLTF</a>), Gold Flora (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gram#OTC">GRAM</a>), Red White &amp; Bloom (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rwbyf#OTC">RWBYF</a>), Slang (OTC: <a class="ticker" href="https://www.benzinga.com/stock/slgwf#OTC">SLGWF</a>), Body &amp; Mind (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmmj#OTC">BMMJ</a>), and StateHouse&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sthzf#OTC">STHZF</a>)
</li>
<li>
Group 1 is up 14% YTD, driven by an 81% gain by Trulieve and a 142% gain by Grown Rogue. Viridian correctly expected that the financially most robust companies would outperform in the current environment for several reasons:
<ul>
<li>
The capital markets have shown little sign of opening up, and what capital is available is expensive.
</li>
<li>
The market has priced in very little of the theoretical value of rescheduling.&nbsp;
</li>
<li>
In this environment, having the ability to buy back stock is a great advantage. Companies in Group 1, including GTI and Verano, have announced buybacks, and we would not be surprised to see Trulieve join the club. Buybacks do not preclude the issuance of new stock at higher prices.
</li>
<li>
Expansion opportunities in Ohio, Pennsylvania, and Florida require capital, and the strongest companies are best positioned to make inroads.
</li>
</ul>
</li>
<li>
Group 2 performance was dragged down by YTD losses of 30% by MariMed and 33% by Vext, somewhat offset by a 63% gain by Cansortium.
</li>
<li>
Group 3 is somewhat of an anomaly driven by the 46% gain by Glass House, the 14% gain by AYR, and the 107% gain by Goodness Growth.
</li>
<li>
Group 4, down nearly 25%, was punished by the 30% decline in Schwazze, the 52% drop in Cannabist, and the 44% selloff in IAnthus.
</li>
<li>
Given the continuing capital constraints, lack of new investment, and stubbornly low stock prices, we advise Investors to maintain a majority of investment funds in the strongest group, where Verano, Trulieve, and Cresco continue to appear relatively cheap. In a best-case environment with multiple successful catalysts, this positioning may underperform more risky selections. We, accordingly, recommend a barbell portfolio with a majority of funds in Group 1, with targeted investments in companies of lower strength that have positive torque from Florida and Pennsylvania catalysts.
</li>
</ul>
The Viridian Capital Chart of the Week highlights key investment, valuation and M&amp;A trends taken from the Viridian Cannabis Deal Tracker.
The <a href="https://viridianca.us1.list-manage.com/track/click?u=078ead34a8bbcfd77b0486326&amp;id=c89a19f9ee&amp;e=2699f9b787">Viridian Cannabis Deal Tracker</a> provides the market intelligence that cannabis companies, investors, and acquirers utilize to make informed decisions regarding capital allocation and M&amp;A strategy. The Deal Tracker is a proprietary information service that monitors capital raise and M&amp;A activity in the legal cannabis, CBD, and psychedelics industries. Each week the Tracker aggregates and analyzes all closed deals and segments each according to key metrics:
<ul>
<li>
Deals by Industry Sector (To track the flow of capital and M&amp;A Deals by one of 12 Sectors - from Cultivation to Brands to Software)
</li>
<li>
Deal Structure (Equity/Debt for Capital Raises, Cash/Stock/Earnout for M&amp;A) Status of the company announcing the transaction (Public vs. Private)
</li>
<li>
Principals to the Transaction (Issuer/Investor/Lender/Acquirer) Key deal terms (Pricing and Valuation)
</li>
<li>
Key Deal Terms (Deal Size, Valuation, Pricing, Warrants, Cost of Capital)
</li>
<li>
Deals by Location of Issuer/Buyer/Seller (To Track the Flow of Capital and M&amp;A Deals by State and Country)
</li>
<li>
Credit Ratings (Leverage and Liquidity Ratios)
</li>
</ul>
Since its inception in 2015, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,500 capital raises and 1,000 M&amp;A transactions totaling over $50 billion in aggregate value.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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Cannabis Chart Of The Week: Is Financial Strength Related To YTD Stock Performance?

"For us, everything starts with cultivation," Laurie Holcomb founder and CEO of Gold Flora (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRAM#OTC">GRAM</a>) told the crowd gathered at the recent Benzinga cannabis event &#8211;<a href="https://cannabismarketspotlight.com/new-jersey/" target="_blank" rel="noreferrer noopener">Cannabis Market Spotlight</a> on Monday in New Jersey. "We&#8217;ve got 107,000 square feet of canopy. It&#8217;s all indoor. So we&#8217;re one of the largest indoor cultivators in California.&#8221;
This seed-to-sale publicly traded cannabis company is the third in terms of retail footprint and eighth in the California market in terms of shelf space. And that's not all, the company has about million dollars of accounts receivable (AR), which is a "phenomenal statistic, given the size of Gold Flora," according to Tom Zuber, a managing partner at Zuber Lawler, which represents top cannabis companies and Fortune 500 clients.
In this exclusive chat, Holcomb shared the company's secret sauce to this success while also tackling the hot topic of challenges and opportunities associated with East cannabis companies going out West and more.
<h2 class="wp-block-heading">Finding The Right Partner</h2>
Among the biggest challenges is capital, like everywhere in the industry. That's why Holcomb highlighted the importance of finding the right partner and the right licensing agreement as well as having the right law firm. She says that in 2016 when she founded the company it was the "heyday of cannabis," and that "capital was free flowing." Today, there's not much capital out there, she noted. That is why the company had to be vertical, but now looking to bring brands to the East Coast, Holcomb would avoid infrastructure expenses and focus instead on finding the right partners.
Zuber asked, "What are your criteria?"
Holcomb stressed the importance of finding professional growers. "If I want a partner to put my flower or my strains, genetics, into their grow, they have to be a good grower. And believe me, when we started out year one, our grower was ODS, that&#8217;s original dog shit. Products don&#8217;t sell. Consumers know the difference. So you need to have an excellent grower. You need to understand genetics. You have to have the right partner. That&#8217;s your price point. And for us, we want to deliver the highest quality cannabis at the best price, because today, consumers are price conscious because of inflation."
Another important lesson Holcomb shared at Benzinga conference was not to get ahead of packaging. The rules change often so a company needs to stay ahead of the game so as not to end up throwing away a lot money when laws change.
<h2 class="wp-block-heading">How To Maintain a Good Level Of AR?</h2>
AR is a balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. In cannabis, companies often struggle with huge ARs as many dispensaries do not pay up on time, or ever.
See More: <a href="https://www.benzinga.com/markets/cannabis/24/02/37349083/dispensary-owners-caught-on-tape-bragging-they-dont-pay-their-vendors-industry-vet-says-black-ma" target="_blank" rel="noreferrer noopener">Dispensary Owners Caught On Tape Bragging They Don&#8217;t Pay Their Vendors: Industry Vet Says Black Market Has More Integrity Than Legal</a>
You&#8217;ve got to "have a good supply chain. It&#8217;s one of the reasons that we&#8217;re vertically integrated in California. We have less of a reliance on third parties," Holcomb said.
It&#8217;s not always about vertical integration, however. Another key point to maintaining a good AR is discipline. On Holcomb&#8217;s list not to deliver are some 700 dispensaries because they don't pay. "You have to be very disciplined. That also means you&#8217;re probably not growing your brand as rapidly as you want. So you have to balance your top-line revenue with do you want to get collections."
"I am hoping that the growth is slower and people pick great partners, they launch their brands, have limited number of cultivators" to avoid overproduction as that doesn't help anybody. "So, I think, slow and steady, is better," Holcomb concluded.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/06/39426338/growing-weed-is-hard-but-this-co-will-help-you-do-it-properly-ceo-shares-advice-at-benzinga-nj-c" target="_blank" rel="noreferrer noopener">Growing Weed Is Hard But This Co. Will Help You Do It Properly, CEO Shares Advice At Benzinga NJ Cannabis Event</a>
Photo credit: Corynn Egreczky

Interview

Maintaining A Balanced Accounts Receivable Sheet In Cannabis: CEO Of Gold Flora Shares Her Secret

As the premier gathering of top entrepreneurs and investors took place on Monday in New Jersey, we thought it would be a good time to scroll through the latest leadership changes in the cannabis and psychedelics industries.
Cybin Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYBN#NYSE">CYBN</a>) (Cboe CA: CYBN) a clinical-stage biopharmaceutical company that develops new and innovative next-generation psychedelic-based treatment options, announced recently that Dr. Atul R. Mahableshwarkar M.D., DLFAPA, opted to join the company as senior vice president of clinical development.
Dr. Mahableshwarkar agreed to lead the development of the CYB003 program, Cybin's proprietary deuterated psilocybin analog which has received U.S. Food and Drug Administration (FDA) Breakthrough Therapy Designation for the adjunctive treatment of major depressive disorder.
<h3 class="wp-block-heading">Board Updates At Six Cannabis Companies</h3>
The annual general meeting of shareholders &nbsp;of Curaleaf Holdings, Inc. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CURA#TSX">CURA</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTCQX">CURLF</a>) was held on Friday, during which the following experts were elected as directors:
<ul>
<li>Boris Jordan;</li>
<li>Joseph Lusardi;</li>
<li>Dr. Jaswinder Grover;</li>
<li>Karl Johansson;</li>
<li>Peter Derby;</li>
<li>Mitchell Kahn;</li>
<li>Shasheen Shah; and</li>
<li>Michelle Bodner.</li>
</ul>
Cannabis powerhouse Planet 13 Holdings Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTH#CSE">PLTH</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/PLNH#OTCQX">PLNH</a>) named David Loop, the former CEO of VidaCann LLC who has spent his entire career in the horticulture industry, to its board of directors, last week. The Las Vegas company acquired VidaCann <a href="https://www.benzinga.com/markets/cannabis/24/05/38776191/planet-13-wraps-up-vidacann-acquisition-to-enter-florida-market-with-63-4m-deal-and-26-cannabis-">May for $63.4&nbsp;million.</a> The new addition comes on the heels of its shareholders electing five experts <a href="https://www.benzinga.com/markets/cannabis/24/06/39303884/new-leaders-of-ny-cannabis-reg-body-and-recent-industry-appointments-you-need-to-know-about">to serve on its board.</a>
Charlotte&#8217;s Web Holdings, Inc. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CWEB#TSX">CWEB</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CWBHF#OTCQX">CWBHF</a>) announced the results from its 2024 annual general and special meeting of shareholders held on June 13, during which the following nominees were elected to serve on the company's board of directors:
<ul>
<li>Jonathan Atwood;</li>
<li>Matthew McCarthy;</li>
<li>Angela McElwee;</li>
<li>William Morachnick;</li>
<li>Jared Stanley; and</li>
<li>Maureen Usifer.</li>
</ul>
California cannabis company Flora Corporation's (Cboe Canada: GRAM) shareholders elected the following experts to its board of directors:
<ul>
<li>Laurie Holcomb;</li>
<li>Michael W. Lau;</li>
<li>Heather Molloy;</li>
<li>Jeffery Sears;</li>
<li>Al Foreman; and</li>
<li>Mark Castaneda.</li>
</ul>
Canadian producer and distributor of cannabis products Entourage Health Corp. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#TSXV">ENTG</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ETRGF#OTCQX">ETRGF</a>) (FSE: 4WE) announced that shareholders overwhelmingly approved all proposed resolutions at its annual general meeting of shareholders held last week, including electexting the following nominees to its board of directors:
<ul>
<li>George Scorsis;</li>
<li>Gail Paech;</li>
<li>Bruce Croxon; and</li>
<li>Jason Alexander.</li>
</ul>
TILT Holdings Inc. (NEO: TILT) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/TLLTF#OTCQB">TLLTF</a>), provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, also announces the results of the 2024 annual general meeting of its shareholders. The following nominees were elected to serve as the company's directors:
<ul>
<li>John Barravecchia;</li>
<li>Tim Conder;</li>
<li>Adam Draizin;</li>
<li>George Odden; and</li>
<li>Arthur Smuck.</li>
</ul>

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Latest Executive Cannabis Changes You Should Know About: Curaleaf, Planet 13 Elect Directors And More

The Department of Justice (DOJ) move to <a href="https://www.benzinga.com/markets/cannabis/24/05/38893172/attorney-general-merrick-garland-initiates-process-to-reschedule-cannabis-with-doj-legal-review-">reclassifying cannabis</a> from Schedule I to Schedule III provoked <a href="https://www.benzinga.com/markets/cannabis/24/05/38921973/cannabis-stocks-rallied-after-rescheduling-news-investment-management-firm-co-founder-discusses-" target="_blank" rel="noreferrer noopener">a noticeable uptick in cannabis market activities</a>, as detailed in the latest industry report by Water Tower Research (WTR). 
<h3 class="wp-block-heading">Cannabis ETFs Surge Ahead Of Rescheduling Announcement</h3>
According to WTR's <a href="https://watertower.worldflowconnect.net/open/18061/IR_CannaPro_05192024.pdf/fb908f20-1937-458f-89c1-219b7bd237ce" target="_blank" rel="noreferrer noopener">report</a>, the U.S. cannabis AdvisorShares Trust AdvisorShares Pure US Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSOS#NYSE">MSOS</a>) rose by 2.89% last week, following $13.3 million in inflows, a spike that notably preceded the DOJ&#8217;s announcement. The global AdvisorShares Pure Cannabis ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOLO#NYSE">YOLO</a>) also saw gains, climbing 3.77%. The proposed policy change, aimed at acknowledging the lesser potential for abuse compared to other controlled substances, <a href="https://www.benzinga.com/markets/cannabis/24/05/38920897/infographic-deas-proposed-rules-for-marijuana-what-you-need-to-know" target="_blank" rel="noreferrer noopener">has initiated a 60-day comment period</a>, setting the stage for final rule enactment before the Democratic National Convention on August 19.
Stay ahead in the cannabis industry&#8217;s news and views by joining industry leaders and experts at the upcoming Benzinga Cannabis Capital Conference in Chicago on Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a> before prices go up by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.
<h3 class="wp-block-heading">MSOs Q1 Earnings Analyzed</h3>
Charlie Bachtell, CEO of Cresco Labs (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTCQX">CRLBF</a>), speaking on WTR's podcast &#8220;Higher Exchanges,&#8221; discussed the potential impacts on the industry. &#8220;Every year is now the year of the core,&#8221; highlighting the company&#8217;s <a href="https://www.benzinga.com/markets/cannabis/24/05/38844643/cresco-labs-ceo-touts-10x-increase-in-operating-cash-flow-yoy-as-cannabis-company-reports-q1-res">ongoing focus on cost control and operational efficiency</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Below is our update note on <a href="https://twitter.com/Goldflora_CA?ref_src=twsrc%5Etfw">@Goldflora_CA</a>&#39;s earnings. Cultivation expansion drove a sharp revenue increase and associated expenses led to temporary margin compression. We raised our estimates to reflect a faster revenue build and improving margins. <a href="https://t.co/PQliyJ2vqT">https://t.co/PQliyJ2vqT</a> <a href="https://twitter.com/search?q=%24GRAM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GRAM</a> <a href="https://t.co/V0Js8apuJA">pic.twitter.com/V0Js8apuJA</a>
&mdash; Jesse Redmond (@jesseredmond) <a href="https://twitter.com/jesseredmond/status/1792643039812346297?ref_src=twsrc%5Etfw">May 20, 2024</a></blockquote>
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In earnings news, WTR's report pointed out that while first quarter 2024 revenues of Gold Flora (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRAMW#OTC">GRAMW</a>) (OTCPK: GRAM) <a href="https://www.benzinga.com/markets/cannabis/24/05/38854275/california-cannabis-co-gold-flora-reports-150-yoy-increase-in-q1-gross-profit-trims-loss-sequent" target="_blank" rel="noreferrer noopener">grew by 13.2%, surpassing estimates, its adjusted EBITDA fell short</a> due to higher costs linked to cultivation expansion. The report also reviewed the financial performance of top multi-state operators (MSOs), noting the lead of Trulieve Cannabis (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>) in revenue and adjusted EBITDA growth. Despite market challenges, the top 10 MSOs showed resilience with an average revenue beat of 0.92% and adjusted EBITDA outperformance of 9.19%.
This strong performance contributed to the recent surge, as investors responded positively to the financial robustness of leading MSOs, with eight out of ten generating operational cash flow last quarter.
Read also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38805354/analysts-may-need-to-revise-cannabis-stock-projections-for-2024-10-companies-surpas" target="_blank" rel="noreferrer noopener">Analysts May Need To Revise Cannabis Stock Projections For 2024: 10 Companies Surpass EBITDA Estimates By $37M</a>
<h3 class="wp-block-heading">Democratic Electoral Strategy Propelling Reform</h3>
This proposed reclassification by the DOJ not only sets a new course for the cannabis industry but also aligns with what WTR identifies as a &#8220;coordinated democratic effort to advance cannabis reform,&#8221; <a href="https://www.benzinga.com/markets/cannabis/24/05/38922599/69-of-voters-including-majority-of-republicans-support-marijuana-legalization-did-you-catch-that" target="_blank" rel="noreferrer noopener">aimed at energizing younger voters ahead of elections</a>.
As the <a href="http://benzinga.com/cannabis" target="_blank" rel="noreferrer noopener">cannabis industry</a> stands on the brink of transformative regulatory changes, stakeholders from all sectors are keeping a close watch, ready to navigate the opportunities and challenges that lie ahead.
Now read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38905962/cannabis-rescheduling-when-will-it-happen-expert-lays-out-timeline-risks-and-wild-c" target="_blank" rel="noreferrer noopener">Cannabis Rescheduling: When Will It Happen? Expert Lays Out Timeline, Risks And Wild Cards</a>
Image created with generative AI tools.

GRAMW

Cannabis Stocks And ETFs Surged On Marijuana Rescheduling News: WTR's Industry Report Analyzes What's Behind The Optimism

This&nbsp;4/20 cannabis retailers anticipate <a href="https://www.benzinga.com/markets/cannabis/23/04/31898603/exclusive-bdsa-analyst-digs-into-new-cannabis-markets-behaviors-trends-social-bonds-on-420">record-breaking sales</a> fueled by last year&#39;s +130% spike and the fortunate alignment of this year&#39;s celebration falling on&nbsp;a Saturday.
As dispensaries gear up for the influx of customers, all eyes are on the leading brands and cannabis companies poised to dominate the market.
But, which cannabis companies are strategically positioned to capitalize on the anticipated surge in demand for cannabis products on 4/20? And, what brands are leading in sales across different product categories and states?
<h3>Brand Dominance In The East And Midwest</h3>
A sector analysis by <a href="https://www.benzinga.com/topic/pablo-zuanic">Pablo Zuanic </a>of Zuanic &amp; Associates sheds light on the evolving landscape of the cannabis industry, particularly in Eastern states. <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38282615/cannabis-brands-leading-market-expansion-in-east-midwest-a-look-at-prices-and-trend">Notable brands </a>like MariMed&#39;s Betty&rsquo;s Eddies (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mrmd#OTC">MRMD</a>) and Cresco&#39;s High Supply (OTC: <a class="ticker" href="https://www.benzinga.com/stock/crlbf#OTC">CRLBF</a>) have emerged as frontrunners in key segments across Massachusetts,<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33329222/the-maryland-effect-a-game-changer-for-the-east-coast-cannabis-industry"> Maryland</a>, and Michigan.
In <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37041204/illinois-weed-scorecard-super-bowl-edition-market-leaders-store-surge-and-sales-ana">Illinois</a>, Cresco&#39;s High Supply leads the flower category with a 13.2% market share, showcasing a competitive market with diverse pricing strategies.
Massachusetts sees Ascend Wellness&#39;s Simply Herb (OTC: <a class="ticker" href="https://www.benzinga.com/stock/aawh#OTC">AAWH</a>) and Cresco&#39;s High Supply as leading brands in the flower segment, with a significant decrease in average retail prices observed across product formats.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37081838/fast-track-recap-colorado-michigan-weed-sales-decline-virginia-eyes-legal-market-st">Michigan&#39;s market</a> remains highly fragmented, with Red White &amp; Bloom Brands Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rwbyf#OTC">RWBYF</a>), TerrAscend (OTC: <a class="ticker" href="https://www.benzinga.com/stock/trssf#OTC">TRSSF</a>), 4Front (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ffntf#OTC">FFNTF</a>), Cresco&#39;s High Supply&nbsp;and Ascend Wellness&#39;s Ozone emerging as top contenders in the flower category.
<h3>California&#39;s Retail Landscape</h3>
In California, despite facing a decline in cannabis sales, several brands and companies continue to dominate the market. Gold Flora (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gram#OTC">GRAM</a>) and Glasshouse (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ghbwf#OTC">GHBWF</a>) have been recognized for their significant <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37971495/californias-weed-sales-decline-market-ripe-for-consolidation-biggest-companies-like">market shares and financial performance</a>. Additionally, StateHouse (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sthzf#OTC">STHZF</a>) remains a key player, navigating through the challenging market dynamics to maintain its presence and market share.
<h3>Nevada&#39;s Cannabis Scene: Key Brands And Companies</h3>
Nevada&#39;s cannabis market presents a dynamic landscape with a mix of established brands and emerging players. Leading brands such as STIIIZY, Alternative Medicine, WYLD &amp; Shine (by Green Thumb (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>))&nbsp;and CAMP (by The Source) have solidified their positions in the <a href="https://www.benzinga.com/partner/biotech/24/04/38267704/theriva-biologics-hits-several-milestones-in-2023-positioning-itself-for-growth-as-the-firm-targe">market</a>.
Public multi-state operators (MSOs) like AYR Wellness (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ayrwf#OTC">AYRWF</a>), Curaleaf Holdings (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>), Green Thumb Industries, Planet 13 Holdings (OTC: <a class="ticker" href="https://www.benzinga.com/stock/plnhf#OTC">PLNHF</a>), iAnthus (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ithuf#OTC">ITHUF</a>) and Verano (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vrnof#OTC">VRNOF</a>) are actively shaping Nevada&#39;s competitive environment.
<h3>Florida&#39;s Cannabis Industry: Main Players And Brands</h3>
Florida&#39;s burgeoning cannabis industry is marked by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36745790/2024-oscars-of-marijuana-equity-analyst-nominations-spotlight-key-state-performers">diverse MSO performance</a>. Key players including Trulieve (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>), Verano&nbsp;and AYR are capitalizing on the state&#39;s growing market.
With Trulieve leading with the highest number of stores, followed closely by Verano, the competition among MSOs intensifies as they seek to capture market share and establish dominance in this lucrative market.
<h3>New York&#39;s Emerging Market: Companies And Brands</h3>
New York&#39;s cannabis market is on the brink of significant expansion, presenting opportunities for established players and newcomers alike.
With the potential for over 1,000 recreational stores to open MSOs&nbsp;are <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36250035/a-2024-investor-guide-to-new-yorks-cannabis-market-expansion-the-mso-wealth-roadmap">strategically positioning themselves to capitalize on this growth</a>.
companies like Curaleaf, The Cannabist Company Holdings Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cbstf#OTC">CBSTF</a>) (formerly Columbia Care), Goodness Growth (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gdnsf#OTC">GDNSF</a>) MedMen (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mmnff#OTC">MMNFF</a>) and Green Thumb Industries (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>) are poised to lead the charge in this evolving market.
<h3>Pre-Roll Market Insights</h3>
The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32286591/exclusive-why-infused-pre-rolls-are-the-next-big-thing-in-the-cannabis-industry-say">pre-roll segment exhibits distinct characteristics</a> across Eastern states, with brands like Dogwalkers and Happy Valley commanding significant market shares in Illinois and Massachusetts, respectively.
As the cannabis industry braces for another 4/20 frenzy, the competition among leading brands and cannabis companies intensifies, promising both challenges and opportunities in a rapidly evolving market landscape. Stay tuned as retailers gear up for what could be one of the most lucrative 4/20 celebrations yet.
Photo: AI-Generated Image.&nbsp;

Guidance

Emerging Markets

Management

Market-Moving Exclusives

GHBWF

MMNFF

PLNHF

TRSSF

4/20 Cannabis Retail Frenzy: Leading Brands Ready For Record Sales Surge - Who Will Lead?

At the<a href="about:blank"> Benzinga Cannabis Capital Conference</a> in Hollywood, Florida, Constantin von der Groeben, managing director of Demecan, declared a pivotal moment for global cannabis legislation.
&#8216;We&#8217;ve reached a tipping point. I think there&#8217;s no stepping back from Germany&#8217;s cannabis legalization,&#8217; von der Groeben said during Tuesday&#8217;s panel.
See Also:<a href="https://www.benzinga.com/government/24/04/38282842/its-a-matter-of-when-cresco-labs-ceo-forecasts-cannabis-rescheduling-and-industry-reform"> It&#8217;s A Matter Of When: Cresco Labs CEO Forecasts Cannabis Rescheduling And Industry Reform</a>
The discussion, moderated by Tim Seymour of Seymour Asset Management, featured insights from key industry leaders including Matt Darin, CEO of Curaleaf (OTCQX: <a href="https://www.benzinga.com/stock/curlf#OTCQX">CURLF</a>), Laurie Holcomb, CEO of Gold Flora (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GRAM#OTC">GRAM</a>), and Darren Weiss, president of Verano Holdings (OTCQX: <a href="https://www.benzinga.com/stock/vrnof#OTCQX">VRNOF</a>).
Each shared their perspectives on the evolving global cannabis market, offering insights into how their companies are navigating this dynamic landscape.
Von der Groeben elaborated on the economic implications for Germany, now poised as a market of 84 million people, one of the largest economies worldwide and &#8220;probably a role model for other European countries&#8221; in the cannabis realm. 
He also highlighted the complexities of navigating this highly regulated market. &#8220;The German market is pharma-heavy, demanding high-quality production standards and strict regulatory compliance. This opens up opportunities for technology and innovation in cultivation and distribution.&#8221;
<h3 class="wp-block-heading">Cannabis Markets: Europe Vs. The U.S.</h3>
Darin provided insights into Verano&#8217;s strategic entry into Europe: &#8220;We made a move into Europe three years ago&#8230;the international opportunity has a lot of benefits that we&#8217;ve not seen in the US.&#8221; 
He elaborated on the operational advantages in Europe compared to the U.S., particularly noting the absence of certain punitive tax measures.
&#8220;One of the big ones is they do not have something up to 280E in Europe. So this punitive tax that we&#8217;ve all been paying in the U.S. is not a thing in Europe,&#8221; Darin added.
<h3 class="wp-block-heading">The California Perspective And Global Strategy</h3>
Holcomb talked about California, known for its sophisticated yet competitive cannabis market. 
&#8220;We are literally in a knife fight,&#8221; Holcomb said about the intense competition and innovation within the state, as California has the fifth largest GDP in terms comparable to major economies like the UK and India.
Holcomb discussed the comprehensive approach her company has taken, from cultivation to retail, highlighting the strong brand presence and consumer sophistication that could be leveraged internationally. 
&#8220;We&#8217;ve been able to accomplish 66% adjusted gross margins in our market. We felt we can take that same business model, move it to other states, perhaps other countries, and take the brands with us and be successful,&#8221; she explained.
<h3 class="wp-block-heading">Global Supply Chain And Market Opportunities</h3>
Weiss echoed the sentiments about the interconnectedness of the global cannabis market. 
&#8220;We are part of a global supply chain. We buy products from China, we get supplies from the Netherlands,&#8221; Weiss noted. 
He also discussed the broader implications for the cannabis space. &#8220;We&#8217;re an industry that employs half a million people in the United States, about the same as the airline industry&#8230;$100 billion worldwide over the next six years.&#8221; 
Want to watch our Cannabis Capital Conference live? For existing subscribers, you can get <a href="https://www.benzinga.com/events/cannabis-conference/livestream/">direct access</a>. For new users, you can get <a href="https://www.benzinga.com/events/cannabis-conference/livestream/">instant access here</a>!
Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/04/38281040/top-cannabis-diversification-secrets-industry-leaders-reveal-strategies-for-success-at-benzinga-">Top Cannabis Diversification Secrets: Industry Leaders Reveal Strategies For Success At Benzinga Conference</a>

Global Cannabis Strategies Post-German Legalization: Exclusive Insights From Curaleaf, Gold Flora, Verano

Want to watch our Cannabis Capital Conference live? For existing subscribers, you can get <a href="https://www.benzinga.com/events/cannabis-conference/livestream/">direct access</a>. For new users, you can get <a href="https://www.benzinga.com/events/cannabis-conference/livestream/">instant access here</a>

Laurie Holcomb Says We're Already Global; We've Been Contacted To Speak To Different Countries In Europe, Middle East About Medical Program; Open To Any Opportunity In Other Markets

Laurie Holcomb Says Revneues Down At The Retail Stores By 6%-7% Is Because Of Hemp; D8 D9 And Shops Being Sold In Smoke Shops; Wants To See Hemp Product Go Through Regulated Stores And Tape

Laurie Holcomb Says Cake Strains Were A Thing Year/2-Year Ago; If You're Not Growing Candy You're Out Of Market; Have To Move Fast; You Have To Follow Those Trends

From Benzinga's Cannabis Capital Conference: Gold Flora CEO Laurie Holcomb Says "We Are In A Knife Fight In California"; California Medical Market Since 1998; Gold Flora Built Own Supply Chain; Seed to Sail; Cultivate Manufacture Distribute; See Us Expand Hitting 66% Adj. Gross Margins In Market Very Difficult; Take Business Model And Move To Other States

In recent evaluations by Zuanic &amp; Associates and Water Tower Research LLC, Gold Flora Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gram#OTC">GRAM</a>), a key player in the competitive California cannabis market, reported its financial outcomes for the fourth quarter of 2023.
Despite a strategic decision leading to an 11% sequential dip in revenue, dropping to $28.4 million, the company&rsquo;s focus on closing non-viable delivery depots and divesting an underperforming retail license has favorably impacted its profitability.
Adjusted gross profit surged by 11.60% quarter-over-quarter to $18.7 million, and adjusted EBITDA turned a positive corner at $105,000, improving from a negative $459,000 in the previous quarter.
Although the company made less money this period, dropping to $28.4 million, its profits rose to $18.7 million, and it earned more money than it spent, making $105,000 compared to losing $459,000 in the previous quarter.
Interested in the latest developments in the industry? Stay&nbsp;abreast at the upcoming&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/" rel="noreferrer noopener" target="_blank">Benzinga Cannabis Capital Conference</a>&nbsp;in Florida on April 16-17. The two-day event at&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/" rel="noreferrer noopener" target="_blank">The Diplomat Beach Resort</a>&nbsp;is a chance for entrepreneurs, both large and small, to network, learn, and grow.&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/" rel="noreferrer noopener" target="_blank">Get your tickets now on&nbsp;</a><a href="http://bzcannabis.com/" rel="noreferrer noopener" target="_blank">bzcannabis.com</a><a href="https://www.benzinga.com/events/cannabis-conference/" rel="noreferrer noopener" target="_blank">&nbsp;&ndash; Prices will increase very soon!</a>&nbsp;
<img alt="2231044_cccfloridagif_v2_031124-27.gif" src="https://www.benzinga.com/files/u503488/2231044_cccfloridagif_v2_031124-27.gif" style="height:528px; width:633px" />
<h3>Cultivation Expansion and Brand Innovation</h3>
Gold Flora&#39;s strategic initiatives, including a significant cultivation expansion and the introduction of the Gramlin brand, underscore its efforts to enhance revenue streams and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35299359/high-capex-high-rewards-analyst-looks-at-cannabis-msos-strategies">operational efficiency</a>.
The expansion increased the canopy space to 107k square feet, a more than double increment from the previous year. The launch of Gramlin, targeting high-volume consumers with affordable pricing and trendy packaging, aims to elevate sales of in-house products from 22% to 30%.
<h3>Operational Efficiencies and Cost Management</h3>
The reports highlight Gold Flora&rsquo;s emphasis on <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/09/34793300/mso-financial-health-debt-restructuring-vs-equity-raises-analyst-digs-into-spreadsh">cost control</a> and the realization of operational synergies expected to generate $30 million in annualized cost savings.
Despite the market&#39;s challenges, these strategic cost management practices place Gold Flora in a favorable position to improve its financial health and operational efficiency.
<h3>Investment Valuation and Market Performance</h3>
Gold Flora&#39;s stock, with a current price of $0.33 and a 52-week range of $0.08-$0.66, exhibits growth potential, supported by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38206489/cannabis-markets-trading-volume-surges-up-292-viridian-capital-highlights-mixed-liq">attractive valuation metrics</a>.
Trading at 0.9x EV/CY24 sales and less than 5x CY25 EBITDA, the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36602623/golden-ticket-to-california-cannabis-retail-gold-floras-valuation-potential-overwei"> company&#39;s valuation </a>is appealing compared to industry benchmarks.
The company&#39;s value, when compared to its sales for the upcoming year, is slightly less than what it makes in a year&nbsp;and its earnings before interest, taxes, depreciation, and amortization (a way to measure profit) for the year after next are expected to be much higher, making it an attractive choice for investors looking at similar companies.
This <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35840800/the-billion-dollar-question-how-much-are-cannabis-multi-state-operators-really-wort">valuation</a>&nbsp;along with the company&#39;s strategic positioning and operational strategies, highlights its potential to outperform in the vast yet competitive <a href="https://www.benzinga.com/topic/california-cannabis">California cannabis landscape</a>.
Despite competitive and regulatory challenges in the California cannabis market, Gold Flora&#39;s strategic positioning, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38114174/how-to-secure-dividends-and-returns-in-marijuana-real-estate-analysis-reveals-stock">quality retail offerings</a>, brand strength, and cost management strategies signify its potential to outperform.
Both analyses, while differing in some projections and emphasis, converge on the narrative of a company navigating the complexities of the industry with strategic acumen, poised for significant growth and operational efficiency enhancements.
Interested in the latest developments in the industry? Stay&nbsp;abreast at the upcoming&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/" rel="noreferrer noopener" target="_blank">Benzinga Cannabis Capital Conference</a>&nbsp;in Florida on April 16-17. The two-day event at&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/" rel="noreferrer noopener" target="_blank">The Diplomat Beach Resort</a>&nbsp;is a chance for entrepreneurs, both large and small, to network, learn, and grow.&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/" rel="noreferrer noopener" target="_blank">Get your tickets now on&nbsp;</a><a href="http://bzcannabis.com/" rel="noreferrer noopener" target="_blank">bzcannabis.com</a><a href="https://www.benzinga.com/events/cannabis-conference/" rel="noreferrer noopener" target="_blank">&nbsp;&ndash; Prices will increase very soon!</a>&nbsp;
Photo: AI-Generated Image.&nbsp;

Gold Flora's Strategic Cannabis Blueprint: 30% In-House Sales Boost, Profits, EBITDA Rise

Gold Flora reports Q4 results

Gold Flora Corporation (GRAM) Q4 2023 Earnings Call Transcript

Gold Flora reports Q1 results

Gold Flora Corporation (GRAM) Q1 2024 Earnings Call Transcript

Warning: GRAM is at high risk of performing badly

Gold Flora Corporation (GRAM) Q2 2024 Earnings Call Transcript

Gold Flora Corporation reports Q2 results

Gold Flora reports Q2 results

Why Cannabis Is Still An Excellent Long-Term Investment Opportunity

Delaware court grants Gold Flora limited purpose receivership

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Gold Flora Reports First Quarter 2024 Financial Results

Gold Flora Announces Approval to Begin Trading on the OTCQB in the United States

Gold Flora Confirms Stay of Limited Purpose Receivership

Gold Flora to Report Third Quarter 2024 Financial Results on November 14, 2024

Gold Flora Closes Additional $2 Million Draw on Senior Loan Facility

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