California cannabis company Gold Flora Corporation (Cboe Canada: GRAM) announced its first quarter financial results Wednesday for the three months ended March 31, 2024. “Our Q1 2024 results reflect the work we have done to scale our operations to leverage the solid foundation we have built and realize the significant benefits of our vertical integration,” said CEO Laurie Holcomb. Q1 2024 Financial Highlights Total revenue was $32.2 million, representing a 13% sequential growth and 105% year-over-year. Gross profit was $10 million, representing a 31% gross margin, compared to $4 million in the same quarter of fiscal 2023, representing a 26% gross margin and $13.2 million in the prior period, representing a 46% gross margin. Adjusted gross profit of $17.4 million, representing a 54% adjusted gross margin compared to $6.9 million in the same quarter of fiscal 2023, representing a 44% gross margin and $18.7 ...