GOLD FLORA Black Book
WE ARE hosting our initial thoughts on gold flora today, 12/28 @ 10 AM
Last week, we added Gold Flora to our Cannabis Position Monitor and rated it with a LONG BIAS, reflecting our positive outlook on the stock. This vertically integrated California cannabis company represents a significant expansion of our cannabis coverage into the nation's largest legal marijuana market. Please join us for a Black Book on December 28 at 10 AM, where we will share our initial analysis on Gold Flora. The discussion will provide insights into the company's business model, growth strategies, and investment potential as a publicly traded cannabis cultivator and distributor in the booming California market.
We look forward to exploring the opportunities and prospects for Gold Flora with you.
Consumable Pro & Cannabis Subscribers, CLICK HERE for event details (includes video and materials link)
TCNNF
Trulieve Cannabis Corp., announced Wes Getman as its new Chief Financial Officer, effective January 1, 2024. With over 25 years of experience in finance and accounting, Getman has worked with firms like Blue Bird Corporation, Grant Thornton, and PricewaterhouseCoopers. Trulieve's CEO, Kim Rivers, praised Getman's diverse industry experience and his fit for the company's growth trajectory. Getman expressed enthusiasm about joining Trulieve and contributing to its future in the dynamic cannabis industry. The company also acknowledged Ryan Blust for his interim CFO role, who will return to his position as Vice President of finance. Trulieve has also finalized a 25 million commercial loan secured by a Florida cultivation site. Two banks led by First Federal Bank facilitated the five-year loan with an 8.31% fixed interest rate. Trulieve plans to use the loan for general corporate purposes. CEO Kim Rivers highlighted the non-dilutive nature of the financing as beneficial for the company's growth and flexibility in the current economic climate. John Medina, President and CEO of First Federal Bank, expressed pride in supporting Trulieve's expansion in the significant Florida cannabis market.
MEDMEN
MedMen Enterprises is selling its assets in Arizona and Nevada to Mint Cannabis, a privately held MSO. This decision, part of MedMen's strategic review, involves the sale of its Arizona subsidiary and two stores in Clark County, Nevada. The transaction's value remains undisclosed. Mint Cannabis operates in Arizona, Michigan, and Missouri. MedMen previously alerted investors about its cash shortage and considered divesting assets in Arizona, Illinois, and Nevada. The company also announced a delay in its 2023 fiscal year results. CEO Ellen Deutsch Harrison stated that these sales will improve liquidity, reduce liabilities, and help MedMen focus on efficiency and a long-term growth strategy in its core markets.
