While some marijuana companies are exiting California’s difficult, regulated market – Curaleaf Holdings is among the most notable – others big and small are staying focused on the state and have plans to grow in 2023.
In February, two vertically integrated California operators – The Parent Co. and Gold Flora – announced an all-stock merger to create a new company called New Parent.
The deal is intended to generate savings of more than $20 million while creating a cannabis business with a larger footprint.
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New Parent, which will operate as Green Flora, will have 20 stores, 12 brands, three distribution centers, six cultivation facilities and a manufacturing facility.
Other California companies that aim to grow include:
Leef Brands: After going public through a reverse takeover with Canadian company Icanic Brands last year, the Willits, California-based extraction and manufacturing company acquired its first brick-and-mortar dispensary, in
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