The Parent Company (NEO: GRAM.U) (OTCQX: GRAMF) Investor Dashboard

The Parent Company
NEO Ticker: GRAM.U
Market Focus: United States
Classification: Vertically Integrated
Country: United States
Employees: ~600 as of 6/2021
Established: 2019
CEO: Steven Allan


Fiscal Year-End: Dec, 31
Auditor: MNP, LLP
Exchanges: NEO, OTC
Headquarters  San Jose, CA
State Operations: 1

Financials (09/30/21)

Cash on hand: $206.8 million
Fixed Investment: $17.8 million
Shareholders’ Equity: $406.7 million
Revenues – Last Quarter: $39.7 million
Adj. Gross Margin : 15.3%
EPS : -$5.70

Capital Structure (11/09/21)

Last Financing: 6.8 million shares at $10
Shares: 97.0 million
Warrants: 35.8 million
Options: 0.8 million
Diluted Shares: 159.0 million

Company Brief

The Parent Company, (Follow Company) formerly Subversive Capital Acquisition Corp., recently completed the largest cannabis SPAC qualifying transaction in the industry. The combined legal entity, TPCO Holding Corp, is now California’s leading vertically integrated cannabis company, combining best-in-class operations with leading voices in popular culture and social impact.

The Parent Company has joined forces with global icon and entrepreneur Shawn “JAY-Z” Carter, entertainment powerhouse Roc Nation, California’s leading direct-to-consumer platform Caliva, and leading cannabis and hemp manufacturer, Left Coast Ventures, to form a cannabis industry leader for the post-prohibition era. The Parent Company is well capitalized and positioned to consolidate and reshape the market in California and beyond.

Cannabis Product Brand Map


  • The Parent Company expects revenues of $334M in revenue in 2021, excluding M&A activity
  • Eight brands owned and licensed brands and 235+ SKUs across all major product categories in THC and CBD
  • Two major distribution hubs deliver products across CA to 450+ actively distributed retail accounts
  • Operates more than 27,000 square feet of indoor cultivation space and three manufacturing facilities
  • Five retail locations in California
  • Direct-to-consumer delivery reaches 70% of Californians

Growth Strategy

  • Consolidate fragmented and undercapitalized California market through M&A with a focus on retail, delivery and branded products
  • Omnichannel expansion
  • Add additional brands and price points to cover entire range of value and premium across each segment
  • Expand to new states, such as New York, New Jersey, Connecticut, Illinois, Michigan and Florida, via asset-light licensing or co-manufacturing partnerships


  • Cultural influencer IP and brand power with JAY-Z and Roc Nation
  • A one-stop-shop for both consumers (DTC platform) and cannabis retailers (B2B distribution)
  • Industry-leading social equity fund
  • 20% distillate market share in California

Board of Directors brings a deep experience in
consumer, entertainment, technology and finance leadership

Institutional Analyst Coverage

Bobby Burleson

Eric Des Lauriers

Curated Stories & News

Visit The Parent Company

New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. The Parent Company (TPCO Holding Corp.) is a client of NCV Media, LLC. Read our full disclaimer.