California-based cannabis companyGold Flora(OTC:GRAMF) has reported significant developments in its first-quarter results for 2024. Exceeding sales projections, Gold Flora's retail revenue rose by 6%, while wholesale revenue jumped 72%. The company is ramping up production to address margin pressures and strengthen its proprietary brands.

In a recent equity report,Pablo ZuanicofZuanic & Associateshighlighted the strategic focus on allocating more production to company stores and enhancing the quality of its brands to offer a compelling value proposition to consumers.

Production And Expansion

Gold Flora has tripled its canopy footprint to 107,000 square feet, expected to yield 40,000 pounds...