GRAM - Maintaining A Balanced Accounts Receivable Sheet In Cannabis: CEO Of Gold Flora Shares Her Secret | Benzinga
"For us, everything starts with cultivation," Laurie Holcomb founder and CEO of Gold Flora (OTC:GRAM) told the crowd gathered at the recent Benzinga cannabis event –Cannabis Market Spotlight on Monday in New Jersey. "We’ve got 107,000 square feet of canopy. It’s all indoor. So we’re one of the largest indoor cultivators in California.”
This seed-to-sale publicly traded cannabis company is the third in terms of retail footprint and eighth in the California market in terms of shelf space. And that's not all, the company has about million dollars of accounts receivable (AR), which is a "phenomenal statistic, given the size of Gold Flora," according to Tom Zuber, a managing partner at Zuber Lawler, which represents top cannabis companies and Fortune 500 clients.
In this exclusive chat, Holcomb shared the company's secret sauce to this success while also tackling the hot topic of challenges and opportunities associated with East cannabis companies going out West and more.
Finding The Right Partner
Among the biggest challenges is capital, like everywhere in the industry. That's why Holcomb highlighted the importance of finding the right partner and the right licensing agreement as well as having the right law firm. ...