GRAM - Golden Ticket To California Cannabis Retail? Gold Flora's Valuation & Potential Overweight Initiation By Zuanic | Benzinga
Equity research firm Zuanic & Associates led by senior analyst Pablo Zuanic has initiated coverage of Gold Flora (OTC: GRAM) with an Overweight rating.
This coverage comes at a time when the California cannabis market is poised for consolidation, making it an opportune moment for well-positioned companies like Gold Flora to thrive.
California's Cannabis Market And Growth Potential
California is the largest cannabis market in the United States, with over $5 billion in retail sales. Despite a lower per capita spend compared to other states, the market shows significant growth potential.
High sales taxes, limited store density due to municipal restrictions and regulatory challenges have contributed to its lower per capita spend. However, despite these challenges, Zuanic noted California's market remains sophisticated, offering a wide range of brands and price points.
Gold Flora's Position
According to Zuanic, Gold Flora is uniquely positioned to capitalize on California's evolving cannabis landscape.
The analyst highlighted that following the merger between The Parent Company and Gold Flora, the company now boasts the 3rd largest retail chain in the state and ranks among the top ...