Gold Flora, #California’s leading vertically-integrated single-state cannabis company, announced it has acquired Airfield Supply Company. Also included in the deal is Airfield Supply Co.’s #SanJose cultivation operations, facility and distribution licenses, #Mountain View delivery licenses and operation, all proprietary intellectual property, and its premium product brands, which include #Aviation #Cannabis and #Jetfuel Cannabis.
Established to serve the #medical market as #South #Bay #Healing Center in 2010 and rebranded to Airfield Supply Company in 2015, Airfield regularly sees well over 1,300 customers a day and is known for its premium retail aesthetic and innovative customer experiences. Airfield Supply Company’s founder and #CEO Marc Matulich will stay on in his role and retain ownership over immediate expansion efforts. Moreover, Gold Flora, a privately owned company, owns and operates a robust #portfolio of cannabis companies and retail dispensaries throughout the state — including #King’s Crew dispensary in #LongBeach and the #Higher Level dispensary chain serving Hollister and #Seaside. Gold Flora is also in the final competitive application process for retail locations in #CostaMesa and #Corona. With this, the recent Airfield #acquisition and both company’s potential location expansion plans, Gold Flora anticipates an annual #retail #revenue rate at or about $150 #million, making it one of California’s largest retail operators.
In addition to its retail footprint, Gold Flora has a 620,000 square-foot cannabis campus located in #Desert Hot #Springs, #CA, where it houses the company’s #indoor #cultivation, manufacturing, and extraction efforts, as well as its own distribution. Laurie Holcomb, founder and CEO of Gold Flora, says the acquisition of Airfield Supply Co. is one of the most important steps the company has yet taken to grow its footprint and accelerate its goal of becoming the leading vertically integrated operator in California.