GRAMF - GRAMF STOCK NEWS

TPCO Holding Corp. has launched a new cannabis brand named Cruisers on March 22, 2023. This brand consolidates popular products from Fun Uncle and DELI to provide affordable, high-quality cannabis options across California. The Cruisers line includes vapes, prerolls, gummies, and infused products, all at competitive prices. To celebrate the launch, the company will host All Fun Fridays events at various retail locations starting March 24. The brand aims to prioritize consumer needs while maintaining affordability and quality, making it accessible to a broader audience.

TPCO Holding Corp. (NEO: GRAM, OTCQX: GRAMF) announced an extension of its license agreement with Mirayo by Santana, a premium cannabis brand led by musician Carlos Santana. The extended partnership will introduce a new line of solventless 10mg hash rosin gummies in May 2023, available in flavors like Guava and Raspberry. Mirayo's products, known for their quality and cultural significance, aim to empower consumers and promote wellness. Additionally, The Parent Company will invest in product development and marketing, enhancing brand visibility and accessibility in California’s cannabis market.

The Parent Company and Gold Flora have announced a definitive merger in an all-stock transaction, set to create a leading vertically-integrated cannabis operator in California. Upon completion, the new entity is expected to generate annualized cost savings of $20 to $25 million and boast approximately $116.4 million in pro forma revenue with a gross margin of 33%. The merger aims to enhance operational efficiency, expand retail presence with 20 stores and 12 house brands, and leverage significant synergies for improved profitability. Shareholders of The Parent Company will hold about 49% of the new firm, while Gold Flora holders will own 51%.

The Parent Company (OTCQX: GRAMF) has initiated the Social Equity Ventures Brand Success Program to support minority-owned cannabis brands. The program will provide guaranteed shelf space, mentorship, and resources to empower these brands to enhance their operations and sales. Four brands, including CRONJA, Substance, Skewville, and Peakz, are the inaugural participants, with product launches scheduled from January 19 to February 3, 2023. The initiative underscores The Parent Company's commitment to fostering a more equitable cannabis industry by leveraging its extensive marketing and operational expertise.

The Parent Company (OTCQX: GRAMF) has entered into a strategic agreement with Roc Nation and SC Branding to restructure their relationship. This arrangement is expected to generate approximately $33.5 million in savings over eight years, with Roc Nation returning 7.1 million common shares to enhance shareholder value. The company also secured an exclusive, royalty-free eight-year license for the Monogram brand in California. This move aims to support social equity initiatives and provides a platform for new brand collaborations, as both entities focus on empowering underserved communities.

TPCO Holding Corp. (GRAMF) reported Q3 2022 net sales of $19.6 million, up 3.5% year-over-year. Gross profit reached $6.6 million, improving gross margin to 34% from 26%. Despite a net loss of $134.6 million, adjusted EBITDA loss was $15.9 million. The company achieved annualized savings of approximately $13.6 million through operational optimizations and completed the acquisition of Coastal Holding. TPCO launched the RCVRY cannabis brand and expanded its product reach in Maryland through a licensing agreement with Curio Wellness.

Nabis, the leading cannabis wholesale platform in California, has announced a distribution partnership with The Parent Company (TPCO), which owns brands like Monogram and Caliva. This agreement aims to enhance efficiency and increase the availability of TPCO products at California dispensaries. Nabis will now handle the distribution of TPCO’s entire product lineup, providing faster delivery and improved transaction processes. The partnership is expected to lower costs throughout the supply chain, allowing TPCO to focus more on innovation and new product launches.