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TREES CORPORATION (symbol: CANN) is a leading service provider in the regulated cannabis industry. The company offers a comprehensive range of services to licensed business operators, primarily focusing on leasing commercial real estate and equipment for cultivation and production needs. TREES CORPORATION is deeply integrated into the cannabis sector, leveraging its diversified subsidiaries to provide end-to-end solutions.
Key Subsidiaries and Services:
- Next Big Crop Consulting: Specializes in guiding businesses through every phase of the cannabis industry, from licensing and application to design, construction, operations, and cultivation.
- Iron Protection Group: Provides specialized security services tailored to the cannabis industry, including armed guards, training, and secure transport services. This division is staffed by combat veterans, ensuring high levels of expertise and trustworthiness.
- Chiefton Supply Company: Based in Denver, CO, this subsidiary offers innovative cannabis-themed apparel and graphic design services, catering to the unique aesthetic and branding needs of the industry.
- Ancillary Business Products and Services: This division covers a wide range of customized financial services, capital formation, banking, regulatory compliance consulting, and security solutions.
Recent Achievements: TREES CORPORATION has recently announced a pivotal restructuring aimed at strengthening its financial position and long-term growth strategy. The company has deferred interest payments and secured additional capital, reducing immediate cash needs and allowing for focused execution of strategic initiatives. This move has been supported by debt lenders, showcasing confidence in TREES CORPORATION's future prospects.
Strategic Focus: The company is committed to driving revenue growth and enhancing shareholder value through disciplined execution of its growth strategy. The additional working capital will support key operational areas and enable strategic mergers and acquisitions, positioning TREES CORPORATION for market leadership and thoughtful growth.
Contact Information: For more details, investors can reach out via IR@treescann.com.
General Cannabis Corp (OTCQB: CANN) has submitted a Change of Ownership License to the Marijuana Enforcement Division for its Englewood Dispensary, moving closer to finalizing the acquisition of Trees. CEO Tim Brown expressed confidence in the completion of the acquisition pending final approvals. Additionally, the transfer of Trees’ dispensary licenses in Portland, Oregon, is progressing, along with plans for new dispensaries in Denver and Portland. General Cannabis aims to rebrand as Trees post-acquisition while retaining the ticker symbol CANN.
General Cannabis Corp (OTCQB: CANN) has appointed Board Member Adam Hershey as Interim CEO following the departure of Steve Gutterman, effective immediately. A search for a permanent CEO is underway. Hershey, a major investor with over 25 years of experience, has been involved with the company since May 2020 and will also continue to serve on the Board. The company is preparing for the transformational acquisition of Trees. Chairman Carl Williams emphasized the company's strategic progress and positioning for growth amidst these changes.
General Cannabis Corp (CANN) announced its agreement to acquire Trees for $39.5 million, enhancing its retail presence with additional locations in Colorado and Oregon. The transaction, subject to regulatory approval, will triple consolidated revenue and is expected to make the company cash flow positive as new stores ramp up. General Cannabis will pay 13% in cash and 87% in stock, issuing approximately 38.7 million shares at closing. Notably, the company plans to rebrand as Trees following the acquisition, which reflects its growth strategy in the cannabis industry.
Heritage Cannabis Holdings Corp. (CSE: CANN, OTCQX: HERTF) is launching new medical products in the U.S. using its patented VESIsorb® delivery system. The first product, ArthroCBD softgel capsules, containing 25 mg CBD, is set to release by April 19, 2021. Topical applications targeting health issues like eczema and pain are also nearing launch. The company will present at the NACDS annual meeting to secure retail listings. VESIsorb® technology enhances the bioavailability of cannabinoids, showing significant absorption improvements in studies.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) announced an expansion of its agreement with Geocann LLC to include select cannabinoid products in Canada, enhancing its US supply chain. The agreement capitalizes on VESIsorb® technology to optimize absorption and therapeutic benefits. The products are already marketed to major US retailers like CVS and Walgreens. This expansion aims to meet the demands of consumers and healthcare professionals for science-backed medical CBD products, supported by significant clinical data proving the effectiveness of VESIsorb®.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has made history by becoming the first Canadian cannabis company to receive an export license from Health Canada for shipping cannabis products to Brazil. This milestone follows Heritage's December 2020 arrangement with CannaBR Exports Corp., focusing on the distribution of formulated CBD products in Brazil. Shipments are expected to begin shortly, with further negotiations for long-term contracts and adherence to Brazil's ANVISA regulations underway. The Brazilian cannabis market is projected for significant growth, presenting new opportunities for Heritage.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) reported a significant milestone in March 2021, surpassing $1 million in weekly revenue for the first time since launching its brands in 2020. This growth is attributed to the popularity of its brands, including Purefarma, Pura Vida, Premium 5, and RAD. Despite ongoing product availability challenges in major markets like Ontario and Alberta, demand continues to rise as provincial orders increase. CEO Clint Sharples emphasized the importance of this achievement while looking to expand both domestically and internationally.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) announces the availability of its RAD and feelgood. brands in Manitoba, enhancing product choice for consumers. The feelgood. Extra Strength CBD Oil has begun shipping to provincial retailers, along with various high-potency CBD and THC products. The success of prior brands like Pura Vida and Premium 5 indicates strong market support. David Schwede, President of the Recreational Division, highlights the affordability and quality of their products, with over 80 SKUs available, aiming to satisfy consumer demand in the region.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has launched a new health and wellness brand named feelgood. The initial product line features three topicals: CBD Facial Rejuvenation Cream, Extra Strength CBD Muscle Cream, and Extra Strength THC Muscle Cream, now available in B.C. This move aligns with Heritage’s strategy to enhance its market share in extract derivatives, increasing its SKUs to over 80. David Schwede, President of the Recreational Division, emphasized the quality and affordability of these new products.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has secured its first order from the Nova Scotia Liquor Corporation to sell RAD branded products. This marks an expansion for Heritage, which already has its Premium 5 brand available in the province. Starting in March, consumers will be able to purchase RAD Vapes, RAD Shatter, and RAD Crumble, in addition to Premium 5 Diamonds. Heritage’s President of the Recreational Division expressed optimism regarding product popularity in Nova Scotia, indicating plans for more innovative offerings in the near future.
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