Gold Flora Corporation Announces Departure of Board Member Mark Castaneda

COSTA MESA, Calif., Nov. 15, 2024 /CNW/ – Gold Flora Corporation, (“Gold Flora” or the “Company”) (Cboe Canada: GRAM) GRAM a leading vertically-integrated California cannabis company, today announced that Mark Castaneda will end his service as a member of the Board of Directors, effective November 30, 2024. Mr. Castaneda also held the position of Chairman of the Audit Committee and was a key member of the Compensation Committee.

“On behalf of the Board and everyone at Gold Flora, we thank Mark for his contributions since he joined in 2022,” stated Laurie Holcomb, Chief Executive Officer and Chairman. “His insights during a period of significant growth and change have been invaluable. We wish him the best in his future endeavors.”

About Gold Flora Corporation

Gold Flora Corporation, led by a female founder, is a vertically-integrated leader in the cannabis industry. The company operates multiple premium indoor cultivation facilities, has 16 retail dispensaries in strategic locations, and runs a distribution business that sells both first-party and third-party brands to hundreds of dispensaries across California. It boasts a diverse portfolio of cannabis brands and SKUs, including Gramlin, which is among the fastest-growing brands in key product categories such as flower, vapes, concentrates, and prerolls. The company’s retail operations include well-known dispensaries like Airfield Supply Company, Caliva, and Higher Level, while its distribution arm operates as Stately Distribution.

Currently, Gold Flora has an indoor cultivation area spanning approximately 107,000 square feet within its facilities in Desert Hot Springs and San Jose. The company has also secured leases for two new cultivation facilities in Palm Springs, which will add an additional 53,000 square feet once operational licenses are obtained. Future expansion is also an option, with plans for an additional 240,000 square feet of cultivation space, contingent upon market demand. The company’s Desert Hot Springs campus also includes manufacturing and extraction facilities, optimizing security and logistics as products are processed.

With distribution hubs throughout the state, the Company offers many prominent brands, including its own lines such as Gramlin and Gold Flora, and continues to attract third-party brands seeking reliable distribution solutions.

References to information included on, or accessible through, websites and social media platforms do not constitute incorporation herein by reference of the information contained at or available through such websites or social media platforms, and the reader should not consider such information to be part of this press release.

For the latest news, activities, and media coverage, please visit www.goldflora.com.

SOURCE Gold Flora Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/15/c9012.html