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The Parent Company (NEO: GRAM.U, OTCQX: GRAMF) reported its Q1 2021 financial results, highlighting net sales of $39.9 million, with an adjusted estimate of $45.6 million if accounting for a full operating quarter. The gross profit stood at $7.2 million, yielding a gross margin of 18%. However, the company faced an Adjusted EBITDA loss of $11.4 million amid substantial operating expenses. Cash reserves were reported at $281 million. The company withdrew its previous guidance due to uncertainty in the cannabis market.
TPCO Holding Corp. (OTCQX: GRAMF) appointed Desiree Perez to its Board effective May 13, 2021. Perez is the CEO of Roc Nation and brings over 20 years of experience in business and social advocacy. Her appointment is seen as pivotal for the company's growth, particularly in promoting social equity in the cannabis industry. The Parent Company aims to leverage her expertise to enhance its influence and initiatives aimed at empowering Black and Brown entrepreneurs in the industry.
TPCO Holding Corp (OTCQX: GRAMF, OTC PINK: GRMWF) announced CEO Steve Allan's participation in two virtual cannabis conferences. The first is the Eight Capital "Seed to Scale" conference on May 4, 2021, at 1:50 p.m. ET, followed by the Canaccord Genuity Cannabis conference on May 11, 2021, at 10:30 a.m. ET. The Parent Company is recognized as California's leading vertically integrated cannabis firm, backed by Shawn "JAY-Z" Carter and ROC NATION. The firm combines top-tier operations with cultural influence for a forward-looking approach to cannabis.
On April 30, 2021, TPCO Holding Corp. (OTCQX: GRAMF; OTC PINK: GRMWF) announced a partnership with Omura to launch Caliva Flowersticks, a new offering in the 'heat-not-burn' category. This product line includes 100% whole flower cannabis pre-filled paper cartridges with three popular Caliva strains: Alien OG, Sour Diesel Lemon Kush, and Watermelon Sorbet. Available at Caliva stores and online, these Flowersticks utilize Omura's technology, providing consumers a convenient, combustion-free method to enjoy cannabis while preserving its natural compounds.
TPCO Holding Corp (OTCQX: GRAMF; OTC PINK: GRMWF) will report its Q1 2021 financial results on May 17, 2021, after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss these results. TPCO, California's leading vertically integrated cannabis company, is spearheaded by Shawn "JAY-Z" Carter and aims to combine operations with cultural influence. It focuses on equity, access, and justice in the cannabis industry.
TPCO Holding Corp, known as The Parent Company, announced CEO Steve Allan's participation in two upcoming cannabis conferences. On April 14, Allan will present at the PI Financial Golden State Green Conference and engage in a roundtable on California brands. On April 20, he will present at the 2021 Sequire Cannabis Conference. TPCO Holding Corp (NEO: GRAM.U, OTCQX: GRAMF) is California's top integrated cannabis company, backed by Shawn "JAY-Z" Carter and Roc Nation, focused on equity and social justice in the cannabis industry.
Shawn 'JAY-Z' Carter's cannabis brand, MONOGRAM, launches a campaign inspired by photographer Slim Aarons, featuring images reimagined by photographer Hype Williams. This campaign aims to showcase cannabis as part of modern luxury and culture. With a focus on diversity, it highlights personalities like Grammy nominee Chika and culinary trio Ghetto Gastro. The campaign coincides with New York's legalization of adult-use cannabis on March 31, 2021. The first installment is on display in major U.S. markets, furthering efforts to destigmatize cannabis. A book featuring Aarons' work is set to release on September 21, 2021.
The Parent Company (NEO: GRAM.U, OTCQX: GRAMF) has filed its Annual Information Form (AIF) for the year ending December 31, 2020, on SEDAR. The filing is accessible via thecompany's website and the SEDAR profile. As California's leading vertically integrated cannabis company, The Parent Company combines operations with cultural icons like Shawn “JAY-Z” Carter and ROC NATION, focusing on equity, access, and justice within the cannabis industry. For more details, visit theparent.co.
