California Cannabis Company Exceeds Sales Expectations, Boosts Production To Improve Margins And Enhance Brands
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2024
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Source: Business Insider
- Financial Performance: Gold Flora's sales increased by 13% in the first quarter, surpassing estimates, but gross margins fell to 31%, leading to negative EBITDA.
- Production And Expansion: The company has tripled its canopy footprint and plans to increase production to 65,000 pounds annually by next year.
- Outlook And Strategy: Gold Flora is optimistic about future growth, focusing on increasing sales and margins with expanded production capacity.
- Stock Performance And Valuation: Despite a 39% decline in shares over 90 days, analysts believe the stock is undervalued based on its enterprise value matching projected sales.
- Investment Opportunity: Interested individuals can learn more about the cannabis business and investing in the sector at the upcoming Benzinga Cannabis Capital Conference in Chicago.
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About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





