The Parent Company Completes The Acquisition Of Calma Cannabis Dispensary

TPCO Holding Corp., GRAMF GRAM has acquired the remaining 15% equity of its Calma Weho LLC dispensary following receipt of all necessary regulatory approvals.

Located in the Los Angeles metropolitan region, the 3,250 square foot dispensary is one of only eleven stores in the West Hollywood area that is licensed for storefront retail and is surrounded by cultural destinations and tourist attractions in every direction. Since the first closing, the company has rolled out its full brand offering and recently debuted its Monogram "store within a store" concept, providing consumers a curated experience of the Monogram brand and line of products.

"The energy and excitement at Calma are fantastic, and it boasts the best flower assortment in West Hollywood," stated Troy Datcher, CEO and chairman of The Parent Company. "It's both a beautiful dispensary and an incredible gathering space that we have used to host events and collaborations, including our recent FaZe Rain RCVRY product launch, which saw phenomenal community response and surpassed our expectations. With an intentional menu selection that showcases a variety of consumption methods, Calma caters to both those about to embark on their cannabis journey as well as experienced connoisseurs, and we are thrilled to have now completed the acquisition."

In connection with the final closing of the acquisition, The Parent Company issued in aggregate $1.5 million common shares of the company to equity holders of Calma.

Photo by Shelby Ireland on Unsplash

Related News

The Parent Company Announces Expansion Into California With Its 13th Location In Concord

The Parent Company Launches FaZe Rain's RCVRY Cannabis Brand

The Parent Company Q2 Revenue Almost Halves YoY, Net Loss Also Deepens

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsPenny StocksMarketsCalma Weho LLCTroy Datcher
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Top Cannabis Event In New Jersey

Join the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don’t miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code "JAVIER20" for 20% off!