Vertically integrated cannabis operators TPCO and Gold Flora to merge

Published

2 years ago

February 22, 2023

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Two vertically integrated cannabis companies in California are consolidating.

TPCO Holdings, which operates as The Parent Co., and Gold Flora are merging in an all-stock deal, according to a Tuesday news release.

Gold Flora shareholders will own 51% of the combined business and The Parent Co.’s will own the remaining 49%.

The combined company will be called New Parent and will operate as Gold Flora Corp.

Subject to approval, New Parent is expected to trade on Canada’s Neo Exchange and the over-the-counter markets.

Shares of TPCO Holdings currently trade as GRAMF on the OTC markets.

Gold Flora will also have access to a $5 million line of credit from The Parent Co at a 10% annual interest rate, secured by Gold Flora assets.

If the merger doesn’t go through, Gold Flora will have to pay the outstanding balance. If the merger is completed, the debt will

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President Trump will decide marijuana rescheduling, federal reform

Published

16 hours ago

January 22, 2025

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Did Donald Trump mean it when he said he wanted marijuana reform – and will the former and current president follow through?

With the marijuana rescheduling process paused indefinitely – its future is at the mercy of Trump’s future choice to lead the U.S. Drug Enforcement Administration – and Republicans in Congress mostly bent to the once and current president’s will, nothing less than the future of the $32 billion marijuana industry depends on the answer.

Trump made history in September when he became the first major-party presidential nominee to endorse a state adult-use legalization campaign.

Though Trump’s backing of Florida’s Amendment 3 – some critics say his endorsement was mostly spurred by his acrimonious relationship with Florida Gov. Ron DeSantis – didn’t

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Farming techniques could boost CBD, hemp study infers

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5 days ago

January 17, 2025

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A new study on hemp microorganisms could ultimately help researchers, scientists and growers boost production of CBD and other valuable compounds such as terpenes.

The University of Houston study – titled “Microbiome diversity and variations in industrial hemp genotypes” and published in Nature magazine – examined communities of microbiomes living in and around the roots and leaves of four types of hemp plants.

University of Houston researchers compared how those microorganisms differ between hemp grown for fiber and hemp grown for CBD production.

“Understanding these microorganisms can also lead to more sustainable farming methods, using nature to boost plant growth instead of relying heavily on chemicals,” Waqar Ahmad, an author of the study and doctoral student of lead researcher Abdul Latif Khan,

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Banking, veterans and research top priorities for Congress, new Cannabis Caucus chair says

Published

7 days ago

January 16, 2025

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If U.S. Rep. Dina Titus has her way, the 119th Congress will finally pass cannabis banking reform as well as bills easing military veterans’ access to medical marijuana and researchers’ abilities to study the drug.

If all that sounds familiar – or like a crass joke, in the weeks before Groundhog Day – it should.

Those popular and long-sought-after wins are also what the Nevada Democrat and newly minted co-chair of the Congressional Cannabis Caucus’ immediate predecessors chased after, Titus acknowledged during an interview with MJBizDaily.

Titus, whose new caucus co-chair is fellow Democratic Rep. Ilhan Omar of Minnesota, spoke with MJBizDaily only days after the newly seated Congress voted to certify the November presidential election that will allow Donald Trump return to

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