TPCO Holding Co. (“The Parent Company” or the “Company”) (NEO: GRAM.U) (OTCQX: GRAMF), California’s leading vertically integrated cannabis company, is pleased to announce that it has selected Josephine & Billie’s, a Los Angeles-based cannabis brand and retail concept, as the Company’s first social equity corporate venture fund investment. Founded and led by Black women, Josephine & Billie’s was developed to create a welcoming and educational retail experience for Women of Color and to fill a void existing for this demographic within the L.A. marketplace. With the Company’s investment, Josephine & Billie’s is expected to open its first retail location before the end of the year. Financial terms of the investment were not disclosed.
As the first of its kind in the United States, Josephine and Billie’s will offer a unique speakeasy-style cannabis retail concept inspired by the Jazz Age, taking consumers back to the ‘tea pads’ that existed in Black communities in the 20s and 30s. It was there that guests were able to enjoy jazz and cannabis while feeling connected to one another, relaxed, valued and safe during a tumultuous time. Josephine & Billie’s seeks to re-create these moments and has curated an experience centered around the product and community-based needs of Women of Color. This includes carrying a wide range of products from POC-owned and women-owned brands, along with favorites from The Parent Company’s impressive portfolio products. Josephine & Billie’s expects to use its space to host intimate wellness and cultural events to continue to create a space for Women of Color within the cannabis community.
Known for solutions that yield results, Seth Yakatan has completed or advised on acquisitions and corporate finance transactions totaling over $3 billion. He is CEO of Katan Associates International—a financial strategy and merchant banking firm specializing in commercialization and asset monetization—especially those within life-science and e-commerce sectors.