The Parent Company Acquires Dispensary In Ceres, California

TPCO Holdings (NEO: GRAM), whom is more commonly known as The Parent Company, this morning issued a brief release indicating it has expanded its retail footprint within California. The expansion comes via the acquisition of Jayden’s Journey.

Jayden’s Journey is an operating retail dispensary, located within Ceres, California. The brand itself is known for supporting both the veteran community as well as families with children with disabilities. The firm currently intends to rebrand the company at a later date.

Financial terms of the transaction were not disclosed, with the acquisition reportedly still subject to regulator approval. The expansion reportedly expands the firms statewide coverage to 65%, with the immediate region housing 1.7 million people which were not previously exposed to TPCO brands.

“This new location allows us to quickly access this important region and to drive future growth through the introduction of our robust delivery network.”

Steve Allen, CEO of The Parent Company

The announcement follows the board and management recently entering a voluntary lock-up arrangement. That arrangement sees the insiders vow to not sell or pledge shares through to the end of January, 2022.

TPCO Holdings last traded at US$3.95 on the Neo.


FULL DISCLOSURE: TPCO Holdings is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover TPCO Holdings on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

The Parent Company Invests $50 Million In Glass House, Signs LOI’s For Supply Arrangements, Retail Distribution

TPCO Holdings (NEO: GRAM.u), whom does business as The Parent Company, is evidently looking to...

Monday, May 17, 2021, 09:41:47 AM

TPCO Holdings: Craig-Hallum Initiates Coverage With US$16 Price Target

The second firm to initiate coverage on TPCO Holdings Corp (NEO: GRAM.u) (OTC: GRAMF) since...

Tuesday, February 23, 2021, 11:52:00 AM

The Parent Company Posts $33.2 Million In Revenue, $33.5 Million Net Loss In Q1 2022

TPCO Holding Corp. (NEO: GRAM), also known as The Parent Company, announced on late Monday...

Tuesday, May 17, 2022, 10:07:00 AM

TPCO Holdings: Canaccord Initiates Coverage With US$15 Price Target

This morning, Canaccord Genuity initiated coverage on The Parent Company (NEO: GRAM.u) with a US$15...

Wednesday, February 3, 2021, 04:07:00 PM

TPCO Holdings Reports Pro-Forma Q4 Revenues Of $40.2 Million, Loss Of $94.0 Million

TPCO Holdings (NEO: GRAM) this morning released its financial results for the fourth quarter and...

Monday, March 15, 2021, 08:57:18 AM