Why is TPCO merging with Gold Flora?

The Parent Company’s (TPCO’s) announcement this week of a “merger of equals” with privately-held Gold Flora has observers scratching their heads.

The all-stock deal would combine TPCO with the owner of well-regarded Airfield Supply shop in San Jose, as well as brands, manufacturing and cultivation businesses. The resulting vertically-integrated player would be among the largest in California. The

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