The Parent Company Receives Approvals for Proposed Business Combination with Gold Flora

 TPCO Holding Corp. (“The Parent Company” or the “Company”) (NEO: GRAM) (OTCQX: GRAMF), a leading consumer-focused California cannabis company, announced today that it has received the final order from the Supreme Court of British Columbia approving the previously announced proposed business combination (the “Business Combination”) with Gold Flora. Conditional approval has also been received from the NEO Exchange in connection with the Business Combination and the listing of the common shares and warrants to purchase common shares of Gold Flora Corporation, the entity resulting from the Business Combination, subject to customary listing conditions. 

As previously announced, holders of common shares of the Company voted in favor of, among other things, a special resolution to approve the Business Combination, at the Company’s annual general and special meeting held on Thursday, June 15, 2023.

The Business Combination is expected to close early in July 2023, following the satisfaction or waiver of the remaining closing conditions. 

Further information about the Business Combination is set forth in the proxy statement and management information circular of the Company dated May 12, 2023 (as supplemented on June 6, 2023 by way of a Form 8-K Report filed with the United States Securities and Exchange Commission (“SEC”)) (collectively, the “Proxy Statement”), a copy of which is available under the Company’s profile on SEDAR (www.sedar.com) and on the SEC’s website at http://www.sec.gov.

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