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Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Equity Bottom-Up

<ul><li>Gold Flora Corporation (Gold Flora) is a leading vertically integrated California cannabis company.</li><li>The company has high-quality assets downstream and across the supply chain. Vertical integration enhances margins and is a key ingredient for winning in California.</li><li>Gold Flora reported 3Q24 results, with revenue of $32.6 million. </li></ul>

Gold Flora Corporation (Gold Flora) is a leading vertically integrated California cannabis company.The company has high-quality assets downstream and across the supply chain. Vertical integration enhances margins and is a key ingredient for winning in California.Gold Flora reported 3Q24 results, with revenue of $32.6 million. 

Gold Flora Corporation: Strong Margin Improvements Drive Adjusted EBITDA Beat

<ul><li>Gold Flora is a vertically integrated California cannabis company with high-quality assets downstream and across the supply chain.</li><li>Vertical integration enhances margins and is necessary for winning in competitive open-license environments like California.</li><li>Of equal importance, it eliminates reliance on third parties and helps derisk the consolidated enterprise.</li></ul>

Gold Flora is a vertically integrated California cannabis company with high-quality assets downstream and across the supply chain.Vertical integration enhances margins and is necessary for winning in competitive open-license environments like California.Of equal importance, it eliminates reliance on third parties and helps derisk the consolidated enterprise.

Gold Flora Corporation - Highlights from Touring California's Leading Cannabis Campus

<ul><li>Gold Flora Corporation (Gold Flora) is a leading vertically integrated California cannabis company.</li><li>The company has high-quality assets downstream and across the supply chain.</li><li>Vertical integration enhances margins and is a necessary ingredient for winning in competitive environments like California.</li></ul>

Gold Flora Corporation (Gold Flora) is a leading vertically integrated California cannabis company.The company has high-quality assets downstream and across the supply chain.Vertical integration enhances margins and is a necessary ingredient for winning in competitive environments like California.

Gold Flora Corporation - Cultivation Expansion Drives Revenue Increase

Thematic (Sector/Industry)

<ul><li>Despite relatively strong earnings, the US cannabis MSOS ETF fell 3.52%, while the global YOLO ETF dropped 2.21%.</li><li>With four of the five Tier 1 MSOs reporting, on average they have beaten revenue consensus by 2.27% and adjusted EBITDA consensus by 9.15%. See page two for more details on Tier 1 earnings results.</li><li>Verano (NEO: VRNO, OTCQX: VRNOF) reported better-than-expected results last week and Co- Founder, Chairman, and CEO George Archos joined us on Higher Exchanges. </li></ul>

Despite relatively strong earnings, the US cannabis MSOS ETF fell 3.52%, while the global YOLO ETF dropped 2.21%.With four of the five Tier 1 MSOs reporting, on average they have beaten revenue consensus by 2.27% and adjusted EBITDA consensus by 9.15%. See page two for more details on Tier 1 earnings results.Verano (NEO: VRNO, OTCQX: VRNOF) reported better-than-expected results last week and Co- Founder, Chairman, and CEO George Archos joined us on Higher Exchanges. 

The Highlights - Cannabis News for the Week Ending May 10, 2024

United States

Gold Flora Corporation operates as a cannabis company. The Company focuses on cultivation, manufacturing, distribution, and retail of flowers, disposable vape pens, and other related products. Gold Flora serves customers throughout the State of California.

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Gold Flora (GRAM CN)

Gold Flora Corporation: Strong Margin Improvements Drive Adjusted EBITDA Beat

The company has high-quality assets downstream and across the supply chain. Vertical integration enhances margins and is a key ingredient for...

Water Tower Research

Gold Flora Corporation - Highlights from Touring California's Leading Cannabis Campus

Gold Flora is a vertically integrated California cannabis company with high-quality assets downstream and across the supply chain.

Water Tower Research

Gold Flora Corporation - Cultivation Expansion Drives Revenue Increase

Gold Flora Corporation (Gold Flora) is a leading vertically integrated California cannabis company. The company has high-quality assets downstream...

Water Tower Research

The Highlights - Cannabis News for the Week Ending May 10, 2024

Verano (NEO: VRNO, OTCQX: VRNOF) reported better-than-expected results last week and Co- Founder, Chairman, and CEO George Archos joined us on...

Water Tower Research

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