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


The Parent Company
NEO Ticker: GRAM.U
OTCQX Ticker: GRAMF
Market Focus: United States
Classification: Vertically Integrated
Country: United States
Employees: 600 as of 3/2021
Established: 2019
CEO: Steven Allan

Summary

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

Financials (03/31)

Cash on hand: $281.0 million
Fixed Investment: $11.8 million
Shareholders’ Equity: $960.9 million
Revenues – Last Quarter: $39.9 million
Adj. Gross Margin : 11.7%
EPS : $0.21

Capital Structure (05/17/21)

Last Financing: 6.8 million shares at $10
Shares: 97.2 million
Warrants: 35.8 million
Options: 1.0 million
Diluted Shares: 159.9 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


Highlights

  • The Parent Company expects revenues of $334M in revenue in 2021, excluding M&A activity
  • 17 brands owned and licensed brands and 250+ SKUs across all major product categories in THC and CBD
  • 5 strategically placed distribution hubs across CA 450+ actively distributed retail accounts
  • Operates more than 35,000 square feet of indoor cultivation space, two extraction facilities and seven manufacturing facilities
  • Two retail locations in San Jose and one in Bellflower
  • Delivering to 51% of CA population; expecting to reach 88% by 2022

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

Differentiators

  • 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
Canaccord

Eric Des Lauriers
Craig-Hallum


Curated Stories & News


Visit The Parent Company
at www.theparent.co

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.