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Gold Flora Secures Additional $2 Million Loan Draw

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Gold Flora Secures Additional $2 Million Loan Draw

GOLD FLORA CORPORATION ( (GRAM) ) just unveiled an announcement.

Gold Flora Corporation announced the closure of an additional $2 million draw on its $13.15 million Senior Loan Facility, bringing the total closed amount to $11.15 million. This financial move, facilitated by J.J. Astor & Co., is poised to enhance Gold Flora’s operational capabilities and market positioning within the cannabis industry, reflecting strategic financial management and potential growth avenues.

More about GOLD FLORA CORPORATION

Gold Flora Corporation is a female and founder-led, vertically-integrated cannabis company operating in California. It manages premium indoor cannabis cultivation facilities, retail dispensaries, and a distribution business. The company offers a broad portfolio of cannabis brands targeting various consumer segments and maintains significant cultivation canopies across multiple facilities.

YTD Price Performance: -84.38%

Average Trading Volume: 316,633

Technical Sentiment Consensus Rating: Buy

Learn more about GRAM stock on TipRanks’ Stock Analysis page.

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