Merritt Advisors (“MA”) is pleased to announce the sale of Airfield Supply Company (“Airfield”) to Gold Flora, a vertically-integrated cannabis company in California. MA served as the exclusive advisor to Airfield.

Matt Searles, Managing Partner of Merritt Healthcare Advisors, stated, regarding the transaction, “Merritt is pleased to announce the acquisition of Airfield Supply Company by Gold Flora, which positions the combined company well for further growth and expansion.”

Founded in 2010, Airfield Supply Company is a vertically-integrated cannabis business with strong brand recognition in the Bay Area and throughout California. Airfield was founded by Marc Matulich, who was brought into the cannabis industry by his passion for the plant and a belief that the plant could change the world for the better.

“I’m very excited to be joining Laurie Holcomb and the Gold Flora team,” said Marc Matulich, who will be staying on as CEO of Airfield. “With our shared values and vision, Airfield can now enjoy the many benefits that come from working for one of the leading vertically-integrated cannabis companies in California.”

Laurie Holcomb, CEO of Gold Flora, adds, “We are thrilled to be adding Airfield to the Gold Flora family. Marc has done a tremendous job building one of the largest and most respected retail dispensaries in the state. With their high level of service, quality products, and innovative foresight, there is no doubt that Airfield will significantly boost Gold Flora’s expansion strategy.”

Airfield Supply Company is a leading vertically-integrated full-service cannabis dispensary brand. Based in San Jose, CA, Airfield combines boutique-style retail experiences with a world-class selection of house-grown and third-party curated cannabis flowers, concentrates, topicals, and edibles. Since its launch in 2010, Airfield’s mission has been to make the most out of life’s journey every day. Airfieldsupplyco.com and Aviationcannabis.com #HighIsAPlace #AirfieldSupplyCo #AviationCannabis

Gold Flora is a leading vertically-integrated, single-state operator in California. Founded in 2017, the private company owns and operates a robust portfolio of cannabis companies and retail dispensaries throughout the state, including a 620,000 sq. ft. cannabis campus that houses indoor cultivation, manufacturing, extraction, distribution, and a premium brand of products. Gold Flora was built on a foundation of bringing trust, transparency, and high ethical standards to the rapidly evolving cannabis market. It is also one of the few cannabis brands that is both vertically-integrated and woman-owned and operated. For more information, visit goldflora.com.

Merritt Advisors Merritt Advisors (“MA”), a division of Merritt Healthcare Advisors, has a focused division representing owners of cannabis businesses that are considering strategic options, whether it is selling an interest in their organization, creating a new partnership, or growing through acquisition. MA is unique in that we are the only firm that combines an investment banking background with actual “owners” experience. MHA and MA have used this experience to successfully complete more than $4 billion in transactions on behalf of our clients. Our proven process and extensive buyer network enable us to help our clients realize the absolute best financial and non-financial outcomes.

*Principals of Merritt Advisors acted in their capacity of licensed investment banking agents of unaffiliated broker-dealer Burch & Company, Inc., 4151 N. Mulberry Drive., Suite 235, Kansas City, MO, member FINRA/SIPC.

Leave a comment

© 2022 Merritt Healthcare Advisors. All Rights Reserved.

Merritt principals are licensed investment banking agents of Burch & Company, Inc. (“BCI”), 4151 N. Mulberry Dr., Ste. 235, Kansas City, MO 64116 member FINRA/SIPC. All services requiring a securities license are performed through BCI. BCI and Merritt are unaffiliated entities. Testimonials presented may not be representative of the experience of other clients and are not indicative of future performance or success.