COSTA MESA, Calif. – Gold Flora Corporation closed an additional $2 million draw on its previously announced $13.15 million Senior Loan Facility with J.J. Astor & Co.. To date, the Company has closed on a total of $9.15 million from the Loan Facility, with a further two additional $2.0 million draws available.
“This additional draw will further strengthen our balance sheet and support the investments we are making to expand our market share in California,” said Laurie Holcomb, Chief Executive Officer and Chairman of Gold Flora. “With this strategic capital infusion, we will continue to enhance our market positioning, accelerating our path toward positive cash flow and long-term profitability.”
A.G.P. Canada Investments ULC acted as sole placement agent in the transaction, for clarity A.G.P. Canada was sole placement agent for both draws of the Loan Facility.
About Gold Flora Corporation
Gold Flora Corporation is a female and founder led, vertically-integrated cannabis leader that owns and operates multiple premium indoor cannabis cultivation facilities, 16 retail dispensaries in strategic geographies, a distribution business selling first party and third party brands into hundreds of dispensaries across California, and a robust portfolio of cannabis brands and SKUs aimed at different consumer segments, including Gramlin, one of the fastest growing brands in the state across the key categories of flower, vapes, concentrates, and prerolls. The Company’s retail operations include Airfield Supply Company, Caliva, Coastal, Calma, King’s Crew, Varda, Deli, and Higher Level dispensaries, and its distribution company operates under the name Stately Distribution.
With hubs throughout the state, the Company distributes many prominent brands, including its own premium lines of Gramlin, Gold Flora, Cruisers, Roll Bleezy, Aviation Cannabis, Jetfuel Cannabis, Mirayo by Santana, and Monogram.
