TPCO Holding Corp. (“The Parent Company” or the “Company”) (NEO: GRAM.U) (OTCQX: GRAMF), today announced that it has acquired an operating retail dispensary located in Ceres, California (the “Ceres Dispensary”) from the owners of Jayden’s Journey (“Jayden’s”). Terms of the transaction were not disclosed and remain subject to customary closing conditions, including regulatory approval. The Company plans to rebrand the location at a later date.
Known for its advocacy for the veteran community and its support of families with children with disabilities, Jayden’s has built a strong and loyal customer base in California’s Central Valley. Located at 4030 Farm Supply Dr, Ceres, CA95307, the Ceres Dispensary features large, open retail space to provide consumers with a unique and compelling shopping experience. The Ceres Dispensary increases the Company’s distribution reach to a new 1.7 million people, improving the Company’s state wide coverage to approximately 65% of California’s population and now additionally servicing the area that extends from Antioch to Merced. Online orders for delivery through caliva.com, The Parent Company’s on-demand direct-to-consumer platform are immediately available from this location.
“This is a fantastic opportunity to expand our reach and increase availability of our exceptional product selection and retail experiences to a broader potential audience of consumers and patients in California’s Central Valley,” said Steve Allan, Chief Executive Officer of The Parent Company. “This new location allows us to quickly access this important region and to drive future growth through the introduction of our robust delivery network. We look forward to building off the strong foundation that the team at Jayden’s Journey has created while continuing to honor their commitments to the community.”