reports
- Jesse Redmond
Cultivation Expansion Drives Revenue Increase
Gold Flora Corporation (Gold Flora) is a leading vertically integrated California cannabis company. The company has high-quality assets downstream and across the supply chain. Vertical integration enhances margins and is a necessary ingredient for winning in competitive environments like California. Gold Flora reported 1Q24 results, with revenue of $32.2 million, which increased 13.2% sequentially and exceeded our estimate of $29.2 million. Wholesale revenue jumped 72.4%, while retail revenue r...
- Jesse Redmond
One of California's Leading Vertically Integrated Cannabis Companies
Gold Flora is a leading vertically integrated cannabis company in California. With more than 39 million residents, California is the most populated state. If it were a sovereign nation, it would be the world’s fifth-largest economy. California is also a dominant force in cannabis. With $5.1 billion in legal sales in 2023, it represents about 17% of the $30 billion US legal industry. It’s not only the leader in size, but also in quality and culture. Gold Flora is vertically integrated, with high-...
- Jesse Redmond
4Q23 Results Show Strong Progress
Gold Flora Corporation (Gold Flora) is a leading vertically integrated California cannabis company. The company has high-quality assets downstream and across the supply chain. Vertical integration enhances margins and is a necessary ingredient for competing in open-license environments like California. The integration also materially de-risks the platform, eliminating reliance on third parties. Importantly, it eliminates reliance on third parties and helps de-risk the consolidated enterprise. Go...
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