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The Parent Company

Full company profile

uuid0009i2b

Namestring
The Parent Company
Legal namestring
Gold Flora, LLC
Websiteurl
theparent.co
Company typeenum
Private
Founded yearint
2017
Descriptiontext

Gold Flora is a California-based, woman-owned and operated, vertically integrated cannabis company founded in 2017. Its operations span cultivation and manufacturing in Desert Hot Springs, distribution through the LeafLink B2B platform, and a company-owned retail storefront in Sacramento. The product portfolio is anchored by a tiered disposable vape line — Gold Rush (refined distillate), Black Gold (full-spectrum cured resin), and White Gold (CBD-rich ratio with proprietary PurTec ceramic-coil hardware) — supplemented by premium indoor flower across multiple strains and the Dream sleep-gummy line (10mg CBN/CBD/THC per gummy). Wholesale distribution reaches 90-plus licensed California dispensaries, including chains such as Planet 13, Airfield Supply Co., Higher Level Dispensaries, King's Crew, Golden State Greens, Culture Cannabis Club, The Joint, Mankind, and Koreatown Collective, alongside delivery services.

The business model combines wholesale product sales (one-time purchase through retailer channels), brand licensing (e.g., the Orchid Ventures arrangement), and direct retail through company-owned locations. Pricing is not publicly disclosed at the consumer level; wholesale pricing is accessible to verified retailers via LeafLink. The go-to-market mixes a B2B sales-led wholesale motion, channel-partner retail relationships, and direct-to-consumer store traffic. Following the transformational merger with The Parent Company completed in July 2023, Gold Flora Corporation was ordered into receivership in aid of dissolution on March 28, 2025, with Stone Blossom Capital LLC appointed as Receiver, indicating the company is being wound down under court supervision.

Short descriptiontext

Gold Flora is a California-based, vertically integrated cannabis operator founded in 2017, producing premium vapes, indoor flower, and sleep gummies distributed through 90-plus dispensaries and company-owned retail; now in receivership following its 2023 merger with The Parent Company.

Operating statusenum
Closed
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersSan Jose, United States
HQ citystring
San Jose
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
cannabis products, vertically integrated cannabis, cannabis wholesale distribution, cannabis vape cartridges, cannabis retail dispensaries
Industry1 code
1Medical Cannabis Dispensaries
CodeCRANAFABPrimaryYes
SIC code1 code
  • Medicinal Chemicals & Botanical Products2833
Product category
Cannabis products and manufacturing
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model2 records
1Cannabis Product Sales
TypeOne Time License
Description

Revenue generated from selling premium cannabis products including vape pens, disposables, flower, and sleep gummies through retail dispensaries across California.

goldflora.com
2Brand Licensing
TypeLicensing Royalties
Description

Gold Flora licenses its brands and products to other operators, including partnerships with companies like Orchid Ventures for brand expansion.

goldflora.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Pricing details1 tier
1Wholesale B2B pricing for verified cannabis retailers
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Retail partners can access wholesale pricing through LeafLink platform. Individual consumer pricing not publicly listed on website.

goldflora.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 4 records shown
1Gold Rush
Description

Premium cannabis disposable vape line featuring refined distillate oil with strain-specific cannabis derived and natural botanical terpenes, 85-95% THC potency.

goldflora.com
+3 more records
Core offering1 text field

Gold Flora is a vertically integrated California cannabis company that cultivates, extracts, manufactures, and distributes branded premium cannabis products including disposable vapes (Gold Rush, Black Gold, White Gold), sleep gummies (Dream by Gold Flora), and indoor-grown cannabis flower. Products are sold wholesale to 90+ licensed California dispensaries, via the LeafLink B2B platform, and through the company's own Sacramento retail location.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Premium indoor flower and 1G rechargeable vape products available at 90+ California dispensaries
Product overview1 text field

Gold Flora is a California-based, vertically integrated cannabis company founded in 2017. The company offers a portfolio of branded products spanning disposable vapes and edibles, complemented by premium indoor flower. The vape portfolio includes three sub-brands differentiated by formulation and target experience: Gold Rush (refined distillate, high potency), Black Gold (full-spectrum cured resin, strain-specific), and White Gold (CBD-rich balanced ratio). The Dream sleep gummy line adds an edibles offering to the portfolio. All products are manufactured in California with exclusive hardware technology and distributed through the company's retail network and wholesale partners.

Product and service5 records
1Gold Rush
CategoryCannabis vape products
Description

Premium cannabis disposable vape line featuring refined distillate oil with strain-specific cannabis-derived and natural botanical terpenes, 85-95% THC potency, sold in a metallic gold finish. Targeted at adult-use consumers seeking bright, flavorful extracts.

2Black Gold
CategoryCannabis vape products
Description

Full-spectrum cured resin disposable vape with strain-specific cannabis-derived terpenes offering bold cannabis taste and 85-95% THC potency in a black soft-touch finish. Targeted at adult-use consumers seeking true-to-strain flavor.

3White Gold
CategoryCannabis vape products
Description

CBD-rich balanced-ratio disposable vape featuring full-spectrum cured resin CBD oil with cannabis-derived and natural botanical terpenes, 20-23% THC with mild psychoactive effects, using exclusive PurTec technology with R1 ceramic notch coil and 310mAh battery with 300+ puffs.

4Dream by Gold Flora Sleep Gummies
CategoryCannabis edible products
Description

Nighttime sleep aid gummies formulated with 10mg CBN, 10mg CBD, and 10mg THC per gummy, made with real fruit, all-natural flavors, gluten-free and vegan. Targeted at adult-use consumers seeking a sleep-focused edible.

5Premium Indoor Flower
CategoryCannabis flower products
Description

Premium indoor-grown cannabis flower products including strains such as Purple Cream, True OG, Lemon Jack, Purple Fog, Super Silver Haze, Lion's Cake, and Blue Zkittlez, cultivated at Gold Flora's California facility.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
1The Parent Company
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-07-10
Description

Gold Flora and The Parent Company completed a transformational merger in July 2023 to create a leading vertically integrated operator in the world's largest cannabis market (California). This was announced via PR Newswire and Business Wire.

goldflora.com
2The Parent Company
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-02-22
Description

The Parent Company and Gold Flora announced plans to combine to create a leading vertically integrated operator in California, the world's largest cannabis market. The merger was structured as a combination of both companies.

goldflora.com
3Luxe Collection All-In-One Vaporizer Line
Strategic tierCoreTypeTechnology or IntegrationAnnounced on2022-08-11
Description

Gold Flora launched new Luxe Collection All-In-One Vaporizer Line featuring premium oil and most advanced hardware in California. This represents their premium product line with exclusive hardware.

goldflora.com
4Jetfuel Cannabis Brand Distribution
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2022-01-31
Description

Gold Flora expanded the Jetfuel cannabis brand statewide in California and launched cured resin strain-specific cartridge. Jetfuel is one of their branded product lines.

goldflora.com
Strategic tierMinorTypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2021-05-04
Description

Orchid Ventures announced licensing agreement with vertically-integrated Gold Flora, allowing Orchid to use Gold Flora's infrastructure and brand for product distribution.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-01-11
Description

Gold Flora and Stately Brands formed strategic partnership to accelerate growth of Gold Flora's California-based vertically integrated operation. Stately Distribution is referenced on their website as a distribution partner.

Strategic tierCoreTypeTechnology or Integration
Description

LeafLink is the industry standard platform for cannabis brands, distributors, and retailers to streamline ordering process, simplify communication, and reduce administrative work. Gold Flora is available on LeafLink for retailer ordering.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

California-based vertically integrated cannabis brand known for premium vape hardware and pods. Directly comparable to Gold Flora's vapes and vertically integrated operating model across California dispensaries.

TypeDirect peer
Description

California-originated cannabis lifestyle brand with flagship retail, branded flower, vapes, and edibles. Comparable to Gold Flora as a vertically integrated California brand with strong retail and wholesale presence.

TypeDirect peer
Description

California cannabis brand focused on clean, strain-specific vape and flower products. Comparable to Gold Flora's California cultivation-to-distribution model and therapeutic/curated product positioning.

TypeDirect peer
Description

California cannabis brand with pre-rolls, vapes, and flower distributed through California dispensaries. Directly comparable wholesale brand competitor in the same California retail channel.

TypeDirect peer
Description

California-born cannabis brand best known for infused pre-rolls and vapes. Comparable premium California brand competing for the same dispensary shelf space.

TypeDirect peer
Description

California-based vertically integrated cannabis operator (formerly part of The Parent Company). Directly comparable vertically integrated California operator with dispensary, brand, and cultivation operations.

TypeDirect peer
Description

Large-format cannabis dispensary operator in California (Santa Ana) and Nevada. Comparable as a multi-state retail operator; overlaps with Gold Flora's own retail footprint (Airfield, Higher Level, Sacramento).

TypeDirect peer
Description

California cannabis edibles manufacturer with statewide distribution. Comparable premium California brand in the same wholesale channels as Gold Flora's Dream sleep gummies.

TypeBroad incumbent
Description

Multi-state cannabis operator with California retail and wholesale operations. Comparable broader incumbent in the same California cannabis retail and brand segment.

TypeOthers
Description

B2B wholesale marketplace for cannabis brands and retailers. Not a competitor but a critical infrastructure partner/distribution channel used by Gold Flora for retail ordering.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers10 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

The Parent Company

Cannabis products and manufacturingtheparent.co

Gold Flora is a California-based, vertically integrated cannabis operator founded in 2017, producing premium vapes, indoor flower, and sleep gummies distributed through 90-plus dispensaries and company-owned retail; now in receivership following its 2023 merger with The Parent Company.

What The Parent Company does

Gold Flora is a California-based, woman-owned and operated, vertically integrated cannabis company founded in 2017. Its operations span cultivation and manufacturing in Desert Hot Springs, distribution through the LeafLink B2B platform, and a company-owned retail storefront in Sacramento. The product portfolio is anchored by a tiered disposable vape line — Gold Rush (refined distillate), Black Gold (full-spectrum cured resin), and White Gold (CBD-rich ratio with proprietary PurTec ceramic-coil hardware) — supplemented by premium indoor flower across multiple strains and the Dream sleep-gummy line (10mg CBN/CBD/THC per gummy). Wholesale distribution reaches 90-plus licensed California dispensaries, including chains such as Planet 13, Airfield Supply Co., Higher Level Dispensaries, King's Crew, Golden State Greens, Culture Cannabis Club, The Joint, Mankind, and Koreatown Collective, alongside delivery services.

The business model combines wholesale product sales (one-time purchase through retailer channels), brand licensing (e.g., the Orchid Ventures arrangement), and direct retail through company-owned locations. Pricing is not publicly disclosed at the consumer level; wholesale pricing is accessible to verified retailers via LeafLink. The go-to-market mixes a B2B sales-led wholesale motion, channel-partner retail relationships, and direct-to-consumer store traffic. Following the transformational merger with The Parent Company completed in July 2023, Gold Flora Corporation was ordered into receivership in aid of dissolution on March 28, 2025, with Stone Blossom Capital LLC appointed as Receiver, indicating the company is being wound down under court supervision.

The Parent Company firmographics

Firmographics
Name
The Parent Company
Legal name
Gold Flora, LLC
Website
https://theparent.co
Company type
Private
Founded year
2017
Operating status
Closed
Headcount range
251–500 employees
Short description
Gold Flora is a California-based, vertically integrated cannabis operator founded in 2017, producing premium vapes, indoor flower, and sleep gummies distributed through 90-plus dispensaries and company-owned retail; now in receivership following its 2023 merger with The Parent Company.
Ownership category
akta.pro rank

The Parent Company industry classification

Industry
Product category
Cannabis products and manufacturing
SIC
Medicinal Chemicals & Botanical Products (2833)
akta.pro primary industry
Medical Cannabis Dispensaries (CRANAFAB)

Keywords

  • Cannabis products
  • Vertically integrated cannabis
  • Cannabis wholesale distribution
  • Cannabis vape cartridges
  • Cannabis retail dispensaries

Where The Parent Company is headquartered

Location

Headquarters

HQ city
San Jose
HQ country
United States
HQ region
North America

Offices2 records

Markets served

The Parent Company business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

  1. Cannabis Product Sales: Revenue generated from selling premium cannabis products including vape pens, disposables, flower, and sleep gummies through retail dispensaries across California.
  2. Brand Licensing: Gold Flora licenses its brands and products to other operators, including partnerships with companies like Orchid Ventures for brand expansion.

Pricing tiers

ModelBillingPrice
Transaction based/ take ratePay-as-you-goWholesale B2B pricing for verified cannabis retailers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

The Parent Company product offering

Product offering

Core offering

Gold Flora is a vertically integrated California cannabis company that cultivates, extracts, manufactures, and distributes branded premium cannabis products including disposable vapes (Gold Rush, Black Gold, White Gold), sleep gummies (Dream by Gold Flora), and indoor-grown cannabis flower. Products are sold wholesale to 90+ licensed California dispensaries, via the LeafLink B2B platform, and through the company's own Sacramento retail location.

Product overview

Gold Flora is a California-based, vertically integrated cannabis company founded in 2017. The company offers a portfolio of branded products spanning disposable vapes and edibles, complemented by premium indoor flower. The vape portfolio includes three sub-brands differentiated by formulation and target experience: Gold Rush (refined distillate, high potency), Black Gold (full-spectrum cured resin, strain-specific), and White Gold (CBD-rich balanced ratio). The Dream sleep gummy line adds an edibles offering to the portfolio. All products are manufactured in California with exclusive hardware technology and distributed through the company's retail network and wholesale partners.

Differentiator

Problem solved

Functional benefit

Brands

  • Gold Rush: Premium cannabis disposable vape line featuring refined distillate oil with strain-specific cannabis derived and natural botanical terpenes, 85-95% THC potency.
  • Black Gold
  • White Gold
  • Dream by Gold Flora

Products and services

  • Gold Rush Premium cannabis disposable vape line featuring refined distillate oil with strain-specific cannabis-derived and natural botanical terpenes, 85-95% THC potency, sold in a metallic gold finish. Targeted at adult-use consumers seeking bright, flavorful extracts.
  • Black Gold Full-spectrum cured resin disposable vape with strain-specific cannabis-derived terpenes offering bold cannabis taste and 85-95% THC potency in a black soft-touch finish. Targeted at adult-use consumers seeking true-to-strain flavor.
  • White Gold CBD-rich balanced-ratio disposable vape featuring full-spectrum cured resin CBD oil with cannabis-derived and natural botanical terpenes, 20-23% THC with mild psychoactive effects, using exclusive PurTec technology with R1 ceramic notch coil and 310mAh battery with 300+ puffs.
  • Dream by Gold Flora Sleep Gummies Nighttime sleep aid gummies formulated with 10mg CBN, 10mg CBD, and 10mg THC per gummy, made with real fruit, all-natural flavors, gluten-free and vegan. Targeted at adult-use consumers seeking a sleep-focused edible.
  • Premium Indoor Flower Premium indoor-grown cannabis flower products including strains such as Purple Cream, True OG, Lemon Jack, Purple Fog, Super Silver Haze, Lion's Cake, and Blue Zkittlez, cultivated at Gold Flora's California facility.

Quantifiable outcome

  • Premium indoor flower and 1G rechargeable vape products available at 90+ California dispensaries

Companies that use The Parent Company

Customer profile

Named customers10 records

Segments2 records

Ideal customer profiles2 records

The Parent Company technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

The Parent Company partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered core and minor.

  • The Parent CompanycoreStrategic or Co-development Partner · 10 July 2023Gold Flora and The Parent Company completed a transformational merger in July 2023 to create a leading vertically integrated operator in the world's largest cannabis market (California). This was announced via PR Newswire and Business Wire.
  • The Parent CompanycoreStrategic or Co-development Partner · 22 February 2023The Parent Company and Gold Flora announced plans to combine to create a leading vertically integrated operator in California, the world's largest cannabis market. The merger was structured as a combination of both companies.
  • Luxe Collection All-In-One Vaporizer LinecoreTechnology or Integration · 11 August 2022Gold Flora launched new Luxe Collection All-In-One Vaporizer Line featuring premium oil and most advanced hardware in California. This represents their premium product line with exclusive hardware.
  • Jetfuel Cannabis Brand DistributionminorStrategic or Co-development Partner · 31 January 2022Gold Flora expanded the Jetfuel cannabis brand statewide in California and launched cured resin strain-specific cartridge. Jetfuel is one of their branded product lines.
  • Orchid VenturesminorOEM/ Whitelabel/ Licensing Partner · 4 May 2021Orchid Ventures announced licensing agreement with vertically-integrated Gold Flora, allowing Orchid to use Gold Flora's infrastructure and brand for product distribution.
  • Stately BrandscoreStrategic or Co-development Partner · 11 January 2021Gold Flora and Stately Brands formed strategic partnership to accelerate growth of Gold Flora's California-based vertically integrated operation. Stately Distribution is referenced on their website as a distribution partner.
  • LeafLinkcoreTechnology or IntegrationLeafLink is the industry standard platform for cannabis brands, distributors, and retailers to streamline ordering process, simplify communication, and reduce administrative work. Gold Flora is available on LeafLink for retailer ordering.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

The Parent Company competitors and assessment

Company assessment

Direct peers

  • Stiiizy: California-based vertically integrated cannabis brand known for premium vape hardware and pods. Directly comparable to Gold Flora's vapes and vertically integrated operating model across California dispensaries.
  • Cookies: California-originated cannabis lifestyle brand with flagship retail, branded flower, vapes, and edibles. Comparable to Gold Flora as a vertically integrated California brand with strong retail and wholesale presence.
  • Raw Garden: California cannabis brand focused on clean, strain-specific vape and flower products. Comparable to Gold Flora's California cultivation-to-distribution model and therapeutic/curated product positioning.
  • Lowell Herb Co. California cannabis brand with pre-rolls, vapes, and flower distributed through California dispensaries. Directly comparable wholesale brand competitor in the same California retail channel.
  • Jeeter: California-born cannabis brand best known for infused pre-rolls and vapes. Comparable premium California brand competing for the same dispensary shelf space.
  • Caliva: California-based vertically integrated cannabis operator (formerly part of The Parent Company). Directly comparable vertically integrated California operator with dispensary, brand, and cultivation operations.
  • Planet 13: Large-format cannabis dispensary operator in California (Santa Ana) and Nevada. Comparable as a multi-state retail operator; overlaps with Gold Flora's own retail footprint (Airfield, Higher Level, Sacramento).
  • Kiva Confections: California cannabis edibles manufacturer with statewide distribution. Comparable premium California brand in the same wholesale channels as Gold Flora's Dream sleep gummies.

Broad incumbents

  • MedMen: Multi-state cannabis operator with California retail and wholesale operations. Comparable broader incumbent in the same California cannabis retail and brand segment.

Others

  • LeafLink: B2B wholesale marketplace for cannabis brands and retailers. Not a competitor but a critical infrastructure partner/distribution channel used by Gold Flora for retail ordering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

The Parent Company social profiles

Digital presence

The Parent Company compliance and trust

Trust signal

Compliance4 records

The Parent Company financial estimates

Financial estimate

Revenue estimate

Valuation estimate

The Parent Company leadership team

Management profile

Number of profiles

The Parent Company subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

The Parent Company funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

The Parent Company M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Parent Company

What does The Parent Company do?

Gold Flora is a vertically integrated California cannabis company that cultivates, extracts, manufactures, and distributes branded premium cannabis products including disposable vapes (Gold Rush, Black Gold, White Gold), sleep gummies (Dream by Gold Flora), and indoor-grown cannabis flower. Products are sold wholesale to 90+ licensed California dispensaries, via the LeafLink B2B platform, and through the company's own Sacramento retail location.

Is The Parent Company a public or private company?

The Parent Company is a private company. It is classified as corporate owned and is currently closed.

When was The Parent Company founded?

The Parent Company was founded in 2017. It employs 251 to 500 people.

Where is The Parent Company based?

The Parent Company is headquartered in San Jose, United States, in the North America region.

How does The Parent Company make money?

Two revenue lines are on record. Cannabis Product Sales are the primary driver. The others are brand Licensing.

Who are The Parent Company's main competitors?

Direct peers on record are Stiiizy, Cookies, Raw Garden, Lowell Herb Co., Jeeter, Caliva, Planet 13 and Kiva Confections. MedMen is listed as a broad incumbent. LeafLink is listed as an others.

Does The Parent Company have an API?

No public API is recorded for The Parent Company.

What industry is The Parent Company in?

The Parent Company's product category is Cannabis products and manufacturing. Its primary akta.pro industry code is CRANAFAB, Medical Cannabis Dispensaries. Its SIC code is 2833.

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Live signals
Cannabis Equipment NewsCalifornia's Largest Cannabis Retailer Just Got BiggerStiiizy, California's largest cannabis retailer, acquired 12 Gold Flora dispensaries for $25 million at auction, bringing its total store count in California to 58. The acquisition concluded Gold Flora's voluntary receivership, which the company attributed to mounting costs, debt, and legacy lawsuits inherited from its acquisition of The Parent Company (TPCO), a cannabis startup associated with Jay-Z. Sweet Leaf challenged the auction outcome by asking the court to recognize its competing bid of $26.3 million as the winner, but the court ultimately sided with Stiiizy.NewswireGold Flora and The Parent Company Complete Transformational MergerGold Flora Corporation and The Parent Company have completed a transformational all-stock merger to form a single vertically-integrated cannabis operator in California. The combined entity, now operating under the Gold Flora name, aims to achieve $20–$25 million in annualized cost savings and expand its retail footprint to 20 stores by year-end.PR NewswireThe Parent Company Reports First Quarter 2023 Financial ResultsTPCO Holding Corp. announced its Q1 2023 financial results on May 15, 2023, reporting net sales of $18.1 million and a record gross margin of 43%, representing a 17% sequential improvement in gross profit compared to the prior quarter. The company posted a net loss of $16.5 million, improved from a $33.0 million loss in Q1 2022, while adjusted EBITDA loss narrowed 57% to $9.3 million. The company also provided an update on its proposed all-stock merger with Gold Flora, expecting the combined entity to achieve $20-25 million in annualized cost savings through vertical integration and supply chain optimization.BenzingaSenate Finally Addresses Banking Reform For Billion-Dollar Cannabis Industry, What Took So Long? - CURALEThe Senate Banking Committee is preparing to discuss the SAFE Banking Act, which would provide banking access to state-licensed cannabis businesses that have been largely excluded from financial institutions due to cannabis's Schedule I classification under federal law. The bill has passed the House seven times on bipartisan support but has repeatedly failed to advance in the Senate, leaving thousands of legal cannabis operators to conduct business in cash, creating safety vulnerabilities and regulatory challenges. CEOs from major multistate operators including The Parent Company, Curaleaf, and Jushi Holdings are expressing cautious optimism that Congress will finally act on this legislation.PR NewswireThe Parent Company and Mirayo by Santana Introduce New Line of Hash Rosin GummiesTPCO Holding Corp. announced an extension of its Mirayo by Santana cannabis brand with the launch of 10mg solventless hash rosin-infused gummies in three flavors (Prickly Pear, Guava, and Raspberry), available starting May 3, 2023. The premium gummy line was developed in collaboration with musician Carlos Santana and is being promoted with Cinco de Mayo in-store activations at The Parent Company's retail locations across California. The Mirayo brand aims to honor Latin heritage and spiritual connection through cannabis products.PR NewswireThe Parent Company Expands Value Cannabis Offering with the Launch of New Cruisers BrandTPCO Holding Corp. (The Parent Company) launched a new value cannabis brand called Cruisers on March 22, 2023, consolidating its existing Fun Uncle and DELI brands into a single consumer-focused destination offering budget-priced products. The brand claims Fun Uncle was the #1 selling value vape in California according to BDSA data, with new products including distillate vapes, live resin, whole flower, gummies, and infused prerolls available statewide at The Parent Company's retail locations. The company is hosting "All Fun Fridays" in-store activations at four California locations from March 24 through April 14 to celebrate the launch.PR NewswireThe Parent Company Extends Partnership with Mirayo by SantanaTPCO Holding Corp. has extended its licensee agreement with Mirayo by Santana, the premium cannabis brand curated by legendary guitarist Carlos Santana. The partnership will bring new solventless 10mg hash rosin gummies to market in May 2023, available in Sacred Heart shape with Guava, Prickly Pear, and Raspberry flavors at The Parent Company's retail locations across California. The companies also announced plans to invest in product R&D, brand awareness, marketing campaigns, and a new e-commerce-enabled website.PR NewswireThe Parent Company and Gold Flora to Combine to Create a Leading Vertically Integrated Operator in the World's Largest Cannabis MarketThe Parent Company and Gold Flora announced a definitive merger agreement to combine into a vertically integrated cannabis operator in California. The all-stock transaction, valued at approximately $1.50 per Gold Flora Unit and $0.9847 per share for The Parent Company, is expected to generate $20–$25 million in annualized cost savings and result in a combined entity with 20 retail stores.PR NewswireThe Parent Company Announces Social Equity Ventures' Brand Success ProgramTPCO Holding Corp. ("The Parent Company"), a California-based cannabis company, announced the four inaugural participants in its Social Equity Ventures Brand Success Program, a 12-week initiative providing minority-owned cannabis brands with guaranteed shelf space, individualized mentorship, and marketing support. The selected brands include CRONJA, Plaid America (Substance & Skewville), The Peakz Company, and MAKR House (Disco Jays), each of which will launch or relaunch products at select The Parent Company retail locations. The program aims to address systematic barriers to entry in the legal cannabis industry and support emerging social equity brands in scaling their businesses.BenzingaExclusive: The Parent Company Announces Social Equity Program For Minority-Owned BrandsThe Parent Company (TPCO Holding Corp.), a California-based cannabis company, announced the four participants in its Social Equity Ventures Brand Success Program, a 12-week mentorship initiative providing minority-owned brands with guaranteed shelf space and individualized support. The selected brands include CRONJA, Plaid America (Substance and Skewville), The Peakz Company, and MAKR House (Disco Jays), which will receive marketing support, retail access, and mentorship from TPCO's sales, marketing, retail, and operational teams. The program aims to empower social equity brands and address disparities created by the War on Drugs, with participating brands launching products at select retail locations in late January and early February.