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Private company

Gold Flora Corp.

In its 2024 annual report the company says: “We are a single state operator in California and operate as a vertically integrated, licensed, group of cannabis companies. We also have an additional 10,000 square feet of canopy at the San Jose Airfield location and an additional 35,000 square feet of canopy at the San Jose Caliva location.”5 It is headquartered in Costa Mesa, United States.2

Last updated Oct 21, 2026.

Overview

  • IndustryAgricultural Production-Crops2
  • HeadquartersCosta Mesa, United States2
  • Incorporated inDE3
  • Business address3165 Red Hill Avenue, Costa Mesa, Ca 926263
  • Filer category, Emerging growth company3
  • Legal formCorporation2
  • LEI2549000Y0DL8YSDA6P772
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 75462232

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We are a single state operator ("SSO") in California and operate as a vertically integrated, licensed, group of cannabis companies. The Company's long-term strategy is to continue to be one of the leading cannabis companies in California. The strategy is to build on the Company's strong integrated market position to pursue profitable organic and selective strategic opportunities with a focus on sustainable cash flow. Our operations consist of:5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

35.7%Gross margin6
-51.4%Operating margin6
-46.9%Net margin6
38.5%Revenue growth, 20236
-$32.9MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue38¢$58.5M
  • Selling, general and admin42¢$63.8M
  • Interest13¢$19.6M
  • Income tax7¢$10.1M

Out of $91.0M in revenue.6 The company lost money this year.

Financial statements

Revenue76$91.0M in 2023+14% since 2021
0$25.0M$50.0M$75.0M$100.0M2021: $79.9M$79.9M20212022: $65.7M$65.7M2022−18%2023: $91.0M$91.0M2023+39%
Gross profit76$32.5M in 2023+149% since 2021
0$10.0M$20.0M$30.0M$40.0M2021: $13.0M$13.0M20212022: $15.7M$15.7M2022+21%2023: $32.5M$32.5M2023+107%
Operating income876-$46.7M in 2023+430% since 2020
-$800.0M-$600.0M-$400.0M-$200.0M0$200.0M2020: -$8.8M-$8.8M20202021: -$733.9M-$733.9M2021+8226%2022: $3.2M$3.2M20222023: -$46.7M-$46.7M2023
Net income876-$42.6M in 2023+559% since 2020
-$600.0M-$400.0M-$200.0M02020: -$6.5M-$6.5M20202021: -$587.1M-$587.1M2021+8983%2022: -$21.3M-$21.3M2022−96%2023: -$42.6M-$42.6M2023+100%
Fiscal year20192020202120222023
Revenue$79.9M7$65.7M6$91.0M6
Cost of revenue$66.9M7$50.0M6$58.5M6
Gross profit$13.0M7$15.7M6$32.5M6
Research and development$08$32.3K8
Selling, general and admin$26.1M6$63.8M6
Operating expenses$171.4M7$12.5M6$79.2M6
Operating income-$8.8M8-$733.9M7$3.2M6-$46.7M6
Interest$08$5.2M7$20.7M6$19.6M6
Income before tax-$504.7M7-$252.7M7
Income tax$08-$6.4M7$5.3M6$10.1M6
Net income-$6.5M8-$587.1M7-$21.3M6-$42.6M6
Earnings per share-$0.246-$0.236
Earnings per share (diluted)-$0.246-$0.236
Shares (weighted, basic)94.5M shares6188.4M shares6
Shares (weighted, diluted)94.5M shares6188.4M shares6

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Corporate structure

Gold Flora Corp. sits at the top of its group. 10 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Gold Flora Corp.

  • Gold Flora Corp. Costa Mesa, California, United States
    • Black Lion Farms, LLC Subsidiary · California, United States
    • Black Lion Labs, LLC Subsidiary · California, United States
    • Captain Kirk Services, Inc. Subsidiary · California, United States
    • CMG Partners, Inc. Subsidiary · Delaware, United States
    • Coastal Dispensary, LLC Subsidiary · California, United States
    • GF Distribution, LLC Subsidiary · California, United States
    • NC3 Systems Subsidiary · California, United States
    • TPCO US Holding LLC Subsidiary · Delaware, United States
    • Varda Inc. Subsidiary · California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Gold Flora Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Leasehold improvements$699.3K7 Dec 31, 2022$966.2K7 Dec 31, 2021−27.6%
Property and equipment, before depreciation$53.8M6 Dec 31, 2023$34.9M6 Dec 31, 2022+54.2%
Accumulated depreciation$14.7M6 Dec 31, 2023$8.9M6 Dec 31, 2022+64.1%
Property and equipment, net$39.2M6 Dec 31, 2023$26.0M6 Dec 31, 2022+50.8%
Finance-lease assets$60.4M6 Dec 31, 2023$52.2M6 Dec 31, 2022+15.8%
Operating-lease assets (leased space)$23.7M6 Dec 31, 2023$9.9M6 Dec 31, 2022+138.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$22.5M6 Dec 31, 2023$5.2M6 Dec 31, 2022+332.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$06 Dec 31, 2023$11.1M6 Dec 31, 2022−100.0%
Intangible assets, net (excluding goodwill)$46.1M6 Dec 31, 2023$37.8M6 Dec 31, 2022+22.0%
Finite-lived intangibles, gross$53.9M6 Dec 31, 2023$41.2M6 Dec 31, 2022+30.6%
Accumulated amortization$7.8M6 Dec 31, 2023$3.5M6 Dec 31, 2022+123.7%
Finite-lived intangibles, net$46.1M6 Dec 31, 2023$37.8M6 Dec 31, 2022+22.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$18.4M6 Dec 31, 2023$7.8M6 Dec 31, 2022+134.9%
Raw materials$1.9M6 Dec 31, 2023$324.0K6 Dec 31, 2022+480.9%
Work in process$10.9M6 Dec 31, 2023$3.4M6 Dec 31, 2022+218.6%
Finished goods$5.6M6 Dec 31, 2023$4.1M6 Dec 31, 2022+36.8%

Leadership

Who has led Gold Flora Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Terence Troy Datcher2021–2022
  2. Laurie Holcomb Thompson2023–2024

President

  1. Laurie Holcomb Thompson2023–2024

Chief financial officer

  1. Mike Batesole2021–2023
  2. Marshall Monroe Minor Jr.2023

Chief operating officer

  1. Dennis O'Malley2021–2022
  2. Rozlyn Sikora Lipsey2023–2024
2025
Board members and other officers (17)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorTroy Holcomb Datcher named Jul 21, 202334

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Black Lion Farms, LLC California4
  • Black Lion Labs, LLC California4
  • CMG Partners, Inc. Delaware4
  • Captain Kirk Services, Inc. California4
  • Coastal Dispensary, LLC California4
  • GF Distribution, LLC California4
  • Gold Flora, LLC California4
  • NC3 Systems California4
  • TPCO US Holding LLC Delaware4
  • Varda Inc. California4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • TPCO Holding Corp.Aug 9, 2021 to Jul 10, 20233

Timeline

  1. Apr 11, 20258-K Executive or director change35
  2. Apr 3, 20258-K Bankruptcy or receivership; Listing notice or transfer; Regulation FD disclosure36
  3. Mar 31, 20258-K Listing notice or transfer; Regulation FD disclosure37
  4. Mar 27, 20258-K Bankruptcy or receivership; Debt or obligation accelerated; Regulation FD disclosure38
  5. Dec 31, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares39
  6. Nov 27, 20248-K Shareholder vote; Regulation FD disclosure40
  7. Nov 18, 20248-K Executive or director change; Regulation FD disclosure41
  8. Nov 14, 20248-K Results of operations42
  9. Nov 13, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares43
  10. Nov 6, 20248-K Other events44
  11. Oct 7, 20248-K Bankruptcy or receivership; Other events45
  12. Aug 29, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares46
  13. Jul 11, 2023New chief executive Laurie Holcomb Thompson becomes CEO12
  14. Jul 7, 2023Founded Gold Flora Corp. is founded2
  15. Oct 8, 2021New chief executive Terence Troy Datcher becomes CEO13

Calendar

When it reported results

  1. Nov 14, 2024Reported quarterly or annual results42
  2. Aug 14, 2024Reported quarterly or annual results47
  3. May 15, 2024Reported quarterly or annual results48
  4. Apr 5, 2024Reported quarterly or annual results49
  5. May 16, 2023Reported quarterly or annual results50
  6. Mar 31, 2023Reported quarterly or annual results51
  7. Nov 15, 2022Reported quarterly or annual results52
  8. Aug 15, 2022Reported quarterly or annual results53

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

338 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 43 major events, 237 insider forms, 4 large holders, 1 private raises, 40 other. The latest 20:

  1. Sep 29, 2025SEC STAFF ACTION EDGAR
  2. Apr 11, 20258-K EDGAR
  3. Apr 3, 20258-K EDGAR
  4. Mar 31, 2025NT 10-K EDGAR
  5. Mar 31, 20258-K EDGAR
  6. Mar 31, 20254 EDGAR
  7. Mar 27, 20258-K EDGAR
  8. Mar 12, 20254 EDGAR
  9. Mar 12, 20253 EDGAR
  10. Jan 3, 20254 EDGAR
  11. Dec 31, 20248-K EDGAR
  12. Nov 27, 20248-K EDGAR
  13. Nov 18, 20248-K EDGAR
  14. Nov 14, 20248-K EDGAR
  15. Nov 14, 202410-Q EDGAR
  16. Nov 13, 20248-K EDGAR
  17. Nov 6, 20248-K EDGAR
  18. Nov 4, 2024DEF 14A EDGAR
  19. Oct 25, 2024PRE 14A EDGAR
  20. Oct 25, 2024S-1 EDGAR

The 338 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

40 open-market trades by officers, directors and large owners since October 2021: 3 buys and 37 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 29, 2023THOMPSON LAURIE HOLCOMBPresident and CEOBuy4,031$0.15$605Form 4
Dec 6, 2023CASTANEDA MARKDirectorBuy35,371$0.11$3.9KForm 4
Nov 20, 2023CASTANEDA MARKDirectorBuy48,639$0.11$5.3KForm 4
Jul 7, 2023Datcher Terence TroyDirectorSale422,923$0.16$67.7KForm 4
Jul 7, 2023Batesole MikeChief Financial OfficerSale114,965$0.16$18.4KForm 4
Jul 7, 2023LIPSEY ROZLYN SIKORAChief Operating OfficerSale35,660$0.16$5.7KForm 4
Jul 1, 2023LIPSEY ROZLYN SIKORAChief Operating OfficerSale3,241$0.16$519Form 4
Jul 1, 2023Datcher Terence TroyDirectorSale8,960$0.16$1.4KForm 4
Jun 30, 2023LIPSEY ROZLYN SIKORAChief Operating OfficerSale12,967$0.16$2.1KForm 4
Jun 1, 2023Batesole MikeChief Financial OfficerSale4,257$0.16$681Form 4
Jun 1, 2023Batesole MikeChief Financial OfficerSale5,743$0.16$919Form 4
Jun 1, 2023Datcher Terence TroyDirectorSale8,960$0.16$1.4KForm 4
May 10, 2023Batesole MikeChief Financial OfficerSale31,935$0.21$6.7KForm 4
May 10, 2023LIPSEY ROZLYN SIKORAChief Operating OfficerSale25,260$0.21$5.3KForm 4
May 10, 2023Datcher Terence TroyDirectorSale74,370$0.21$15.6KForm 4
May 1, 2023Batesole MikeChief Financial OfficerSale4,257$0.19$809Form 4
May 1, 2023Datcher Terence TroyDirectorSale8,960$0.19$1.7KForm 4
Apr 1, 2023Datcher Terence TroyDirectorSale8,960$0.15$1.3KForm 4
Apr 1, 2023Batesole MikeChief Financial OfficerSale7,639$0.15$1.1KForm 4
Mar 1, 2023Datcher Terence TroyDirectorSale10,080$0.28$2.8KForm 4

All 40 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$284.7K 2020–2020
Money received by yearMoney received by year, 2020–2020: $284.7K in all. PPP loans $284.7K.$0$100K$200K$300K2020 · PPP loans: $284.7K2020
Figures by year
YearPPP loansTotal
2020$284.7K$284.7K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Jul 7, 2023Filed a private offering of equity34 Form D: 92 investors so far Form D

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA58. Matched to this company by name and state.

  1. May 1, 2020$284.7K PPP loan (first draw) from Celtic Bank Corporation58To GOLD FLORA LLC, Costa Mesa CA; $287.7K forgiven May 21, 2021

SEC filer profile

How Gold Flora Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGold Flora Corp.1
  • CIK0001876945
  • Employer ID (EIN)93-22611041
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)0100 Agricultural Production-Crops1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address3165 Red Hill Avenue, Costa Mesa, CA 926261
  • Phone(949) 252-19081
  • Shares outstanding287,670,922 as of Nov 12, 202411
  • Public float$12.8M as of Jun 30, 20236
  • On EDGAR sinceAug 9, 20211
  • Filings344 in all: 4 (207), 8-K (41), 3 (24), 10-Q (10), DEFA14A (8), 4/A (5), CORRESP (5), 10-12G/A (4)1
    All 31 form types

    UPLOAD (4), 10-K (3), DEF 14A (3), NT 10-K (3), SC 13G (3), 8-K/A (2), PRE 14A (2), RW (2), S-1 (2), S-8 (2), SEC STAFF LETTER (2), 10-12B (1), 10-12G (1), 3/A (1), 8-K12G3 (1), ARS (1), D (1), DEFM14A (1), DEFR14A (1), DEL AM (1), PREM14A (1), SC 13D (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Apr 5, 2024
    Quarterly report (10-Q) Nov 14, 2024
    Proxy statement (DEF 14A) Nov 4, 2024
    Latest 8-K (8-K) Apr 11, 2025

Sources

The numbers on this page point here. Each one links to the record it came from.

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