Streetbeat News

GRAMF

TPCO (The Parent Company)Holding Corp

Industry

All Other Miscellaneous Chemical Product and Preparation Manufacturing

Open

0.18

Mkt cap

20M

Volume

86K

High

0.19

P/E Ratio

-0.08

52-wk high

0.98

Low

0.16

Div yield

N/A

52-wk low

0.13

Microsoft shares rise as the company reports better-than-expected Q1 2025 GAAP EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:05 pm

The removal of Section 280E from the Internal Revenue Code could allow cannabis companies to operate like normal businesses, enabling them to deduct typical business expenses. This change would provide companies like Verano Holdings and others with more funds for R&D and make them more attractive to investors. The potential rescheduling of cannabis could further enhance these benefits.

Portfolio Pulse from Jelena Martinovic

October 08, 2024 | 6:48 pm

Banzai has been granted an extension by the Nasdaq Hearing Panel to regain compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:34 pm

A recent report by Pablo Zuanic of Zuanic & Associates analyzes the debt maturities of over 20 multi-state operators (MSOs) in the U.S. cannabis industry. Ascend Wellness Holdings (OTC:AAWH) refinanced $200 million in debt, issuing $235 million in 5-year Senior Secured Notes at a 12.75% coupon rate. Other MSOs with significant debt include Schwazze (OTC:SHWZ), The Cannabist (OTC:CCHW), 4Front Ventures (OTC:FFNTF), Gold Flora (OTC:GRAMF), and Jushi Holdings (OTC:JUSHF). The report also highlights high income tax debt and leverage ratios for several companies, including StateHouse (OTC:STHZ) and Verano (OTC:VRNOF).

Portfolio Pulse from Nicolás Jose Rodriguez

August 02, 2024 | 3:17 pm

Gold Flora (OTC:GRAMF) reported strong Q1 2024 results, with retail revenue up 6% and wholesale revenue up 72%. The company is expanding production capacity to improve margins and enhance its brands. Despite a challenging stock performance, analyst Pablo Zuanic remains positive on the company's valuation.

Portfolio Pulse from Nicolás Jose Rodriguez

May 28, 2024 | 8:37 pm

Troy Datcher, the former CEO of The Parent Company and a pioneering African-American leader in the cannabis industry, has passed away. His leadership was instrumental in the company's growth and in promoting diversity and social equity. The Parent Company, now merged with Gold Flora Corp (OTC:GRAMF), and the wider cannabis community mourn his loss, recognizing his significant contributions.

Portfolio Pulse from Javier Hasse

March 01, 2024 | 3:48 pm

The California attorney general's office is investigating the potential legal implications of interstate cannabis commerce in light of federal prohibition. Three organizations have assured that such commerce would not significantly risk federal enforcement. This follows similar legislation in Oregon and Washington State. The California Cannabis Authority (CCA) believes the Controlled Substances Act (CSA) would not preempt California's moves towards interstate cannabis commerce. In separate news, the Teamsters have raised concerns about a 'fake union' linked to cannabis company Caliva, associated with Jay-Z, which operates under The Parent Co Holding Corp. (OTCPK: GRAM) (OTC:GRAMF).

Portfolio Pulse from Joana Scopel

August 23, 2023 | 8:39 pm

Musician Carlos Santana has launched a cannabis brand, Mirayo, in collaboration with The Parent Company (OTC:GRAMF). The brand recently introduced a new line of solventless hash rosin gummies. Santana views cannabis as a catalyst for spiritual and creative exploration, and aims to share his spiritual journey through Mirayo. Despite acknowledging the financial motivations behind cannabis legalization, Santana recognizes the societal benefits that have emerged from it.

Portfolio Pulse from Javier Hasse

July 30, 2023 | 8:05 pm

Gold Flora Corporation (NEO:GRAM) has completed a business combination transaction with TPCO Holding Corp. (OTCQX:GRAMF), resulting in an all-stock merger. The merger is expected to establish a market leader in the California cannabis industry. The former holders of The Parent Company now own approximately 49% of the outstanding common equity of Gold Flora, while the former holders of Gold Flora now own approximately 51%. Trading of the company's shares is expected to resume on the NEO Exchange on July 10, 2023.

Portfolio Pulse from Vuk Zdinjak

July 10, 2023 | 12:41 pm

TPCO Holding Corp. shareholders have approved a merger with Gold Flora LLC, with the business combination expected to close in early July 2023. The combined company will continue under the name Gold Flora Corporation.

Portfolio Pulse from Vuk Zdinjak

June 16, 2023 | 11:47 am

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