Gold Flora Corp Becomes California’s Latest Cannabis Casualty After Falling into Liquidation
Another one of California’s largest cannabis operators plans to liquidate assets after mounting financial losses and operational challenges. Gold Flora Corp., one of the state’s largest cannabis retail chains, is entering receivership after defaulting on a $11.5 million loan. The company said in a press release its seeking court protection as a result of lawsuits related to its 2023 acquisition of…