From Benzinga's Cannabis Capital Conference: Gold Flora CEO Laurie Holcomb Says "We Are In A Knife Fight In California"; California Medical Market Since 1998; Gold Flora Built Own Supply Chain; Seed to Sail; Cultivate Manufacture Distribute; See Us Expand Hitting 66% Adj. Gross Margins In Market Very Difficult; Take Business Model And Move To Other States
Portfolio Pulse from Benzinga Newsdesk
At Benzinga's Cannabis Capital Conference, Gold Flora CEO Laurie Holcomb discussed the competitive California cannabis market, highlighting the company's complete supply chain from cultivation to distribution. Gold Flora aims for a 66% adjusted gross margin in a challenging market and plans to expand its business model to other states.
April 16, 2024 | 7:37 pm
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NEUTRAL IMPACT
Gold Flora's discussion on expanding its business model to other states and achieving high gross margins may indirectly impact GRAM, given its involvement in the cannabis industry.
While GRAM is not directly mentioned in the context of Gold Flora's strategic moves, as a player in the cannabis industry, any significant shifts in market dynamics or expansion strategies by competitors could have indirect effects on GRAM's market positioning and investor perceptions.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Gold Flora's strategy and market performance insights could influence MSOS, an ETF focusing on the US cannabis market, by potentially affecting the ETF's holdings or investor sentiment.
MSOS, being an ETF that tracks the US cannabis market, could see an impact on its performance or investor sentiment based on significant industry developments like those discussed by Gold Flora. However, the direct impact may be moderated by the diverse nature of MSOS's holdings.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50