Vertically-integrated California cannabis company Gold Flora Corporation announced on Friday its financial results for the three-month and twelve-month period ended Dec. 31, 2023. "We have strategically built a solid foundation consisting of premier indoor cultivation, and full vertical operations with deep consumer insights that have enabled our business to continue to expand its leadership position in California," Laurie Holcomb, CEO of Gold Flora, said. "This platform, combined with our focus on high-quality, profitable revenue streams has allowed us to capture more margin across every step of the supply chain and, as a result, we achieved positive adjusted EBITDA in the quarter, and improved our adjusted gross margin to approximately 66%, ahead of some of the leading multi-state operators in the industry.
The female-led, vertically-integrated cannabis company Gold Flora Corporation (OTCPK: GRAM) reported robust financial results for the third quarter ending September 30, 2023, showcasing substantial growth and financial strength.
“I think the taxation structure makes it extremely difficult to make money given the impact of that,” said Seth Yakatan, co-founder at Katan Associates, during a dynamic Benzinga Cannabis Capital Conference panel discussion on the challenges and evolving landscape of the cannabis industry in California.
/PRNewswire/ Burns & Levinson will host its seventh annual "State of the Cannabis Industry" conference, which will focus on cutting-edge issues in the.