TREES CORP - CANN STOCK NEWS

On December 20, 2022, TREES CORPORATION (OTCQB: CANN) announced the successful acquisition of the Green Man cannabis dispensary in Denver, enhancing its position as a prominent cannabis retailer. This strategic move aims to drive substantial value for shareholders and expand the TREES brand in South Denver. The dispensary will be rebranded under the TREES name, aligning with the company's growth strategy in the cannabis sector. The acquisition is part of TREES' broader initiative to consolidate operations and strengthen its market presence.

TREES CORPORATION (OTCQB: CANN) announced the closing of the acquisition of Green Tree cannabis dispensaries in Berthoud and Longmont, Colorado, along with associated cultivation and manufacturing assets. This move advances TREES' retail expansion strategy in Colorado. Allyson Feiler, founder of Green Tree, was appointed to TREES' Board of Directors. The Chairman emphasized the opportunity to enhance manufacturing and cultivation capabilities through this acquisition while affirming the company's ongoing evaluation of further strategic transactions.

TREES Corporation (CANN) has signed a definitive agreement to acquire GMC LLC, operating as Green Man Cannabis Dispensary in Denver. This acquisition will increase TREES' footprint to eight dispensaries across two states. The deal involves 4,494,382 shares of common stock priced at $0.89 per share, alongside cash. It is expected to close by year-end, pending regulatory approvals. Adam Hershey, Interim CEO, emphasized the strategic location and revenue potential of Green Man, enhancing TREES' ability to serve a broader customer base in the Denver area.

TREES CORPORATION (CANN) announced the acquisition of Green Tree Longmont and Green Tree Berthoud dispensaries in Colorado, expanding its footprint to a total of 4 dispensaries in the state. The deal includes over 34,000 square feet of grow operations and a manufacturing facility, projected to generate over $10 million in revenue with strong EBITDA margins. The acquisition will involve a mix of cash and stock, aiming for closure in Q4 2022. Additionally, the company appointed Edward Myers as COO and integrated key Green Tree executives into its leadership team.

TREES Corporation (OTCQB: CANN) has successfully closed a $13.5 million Senior Secured Convertible Note offering with a 12% annual interest rate set to mature on September 16, 2026. This funding will support capital expenditures and acquisitions in Colorado. The Lead Investor, an institutional entity, shows confidence in TREES despite current market challenges. Holders of the Notes also received warrants for TREES Common Stock. The company operates dispensaries and cultivation facilities in Colorado and Oregon, pursuing growth in mature markets.

General Cannabis Corp, operating as TREES (OTCQB: CANN), has completed the acquisition of three dispensaries in Portland, Oregon, for $1,470,405 in cash and 11,394,229 shares priced at $0.89 each. This move aligns with TREES' strategy to expand its retail presence in Oregon and Colorado. The acquisition positions TREES to tap into Portland's growing market, with plans for further expansion including an additional dispensary in Denver. The company aims to create a focused and profitable vertically integrated cannabis operator.

General Cannabis Corp. d/b/a TREES (OTCQB: CANN) has successfully completed the sale of 1,180 Units of Series A Convertible Preferred Equity, totaling $1,180,000 in gross proceeds. Each Unit includes one share of preferred stock convertible into 1,000 shares of Common Stock at a $1.00 conversion price, a premium to the current market value. The funding will enhance working capital and support the opening of new stores in Colorado and Oregon. Chairman Carl Williams noted investor confidence in their strategy as a key factor behind this financing.

General Cannabis Corp d/b/a TREES (OTCQB: CANN) announced a corporate name change as part of its strategy to expand its vertical business model. In conjunction, Jessica Bast has been promoted to Chief Financial Officer, succeeding Diane Jones. The executive team was further strengthened with appointments including Tim Brown as Chief Visionary Officer and Trevor Hoffman as President of Retail Operations. TREES aims for growth in established markets, leveraging a 17,000 sq. ft. cultivation facility in Boulder, CO, and a dispensary in Englewood, CO.

General Cannabis Corp (OTCQB: CANN) has successfully acquired the TREES Englewood Dispensary, now operating under the name TREES following a Colorado tradename filing. The company anticipates the closing of two dispensaries in Portland, Oregon, alongside new dispensaries opening in Denver and Portland. Tim Brown, founder and CEO, joined the Board of Directors on September 7, 2021, marking a strategic leadership shift. With a focus on expanding its footprint in the cannabis industry, TREES positions itself for significant growth in Colorado and beyond.