GRAM - Female-Led California Weed Co. Gold Flora's Net Loss Grows In Q4 Reports YoY Increase In Revenue & Gross Profit | Benzinga
Vertically-integrated California cannabis company Gold Flora Corporation (OTC:GRAM) announced its financial results on Friday 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.”
Holcomb spoke about the challenges cannabis retailers in California face at Benzinga's fall cannabis event. The Benzinga Cannabis Capital Conference is returning to Florida at a new venue in Hollywood, on April 16 and 17, 2024.
"It’s like having two hands tied behind your back," she said referring to ...