DENVER, Dec. 21, 2023 (GLOBE NEWSWIRE) -- TREES CORPORATION (OTCQB: CANN) (“TREES” or the “Company”), a vertically-integrated operator in Colorado and Oregon, today announced a significant restructuring of its senior secured loan; a strategic move designed to strengthen the Company's financial foundation and foster growth. With three years remaining on the loan, this restructuring includes a deferral of interest payments and... Read More

DENVER, Dec. 13, 2022 (GLOBE NEWSWIRE) -- TREES CORPORATION (OTCQB: CANN) (“TREES” or the “Company”), a leading vertically-integrated operator in Colorado, is pleased to announce the closing of the transaction to acquire the Green Tree cannabis dispensaries, located in Berthoud and Longmont, Colorado, along with additional cultivation and manufacturing assets. This purchase continues the rapid and targeted expansion of... Read More

TREES Corporation (OTCQB: CANN) (“TREES” or the “Company”) is pleased to announce the signing of a definitive agreement to acquire GMC LLC d/b/a Green Man Cannabis Dispensary, located in Denver. This purchase continues the rapid and targeted expansion of TREES’ dispensary footprint to 8 stores in 2 states. Total consideration for the acquisition will consist of 4,494,382 shares of common stock, with an ascribed stock price... Read More

Trees (OTCQB: CANN) (“TREES” or the “Company”) is pleased to announce that is has signed definitive documents to acquire the Green Tree Longmont and Green Tree Berthoud dispensaries in the state of Colorado, over 34,000 square feet of grow operations, and a state of the art manufacturing facility (MIP) (“Green Tree”). This acquisition will add to the Company’s current footprint in Colorado and will bring its total number of... Read More

TREES CORPORATION (OTCQB: CANN) (“TREES” or the “Company”) is pleased to announce the closing of a $13.5M Senior Secured Convertible Note (“Notes”) offering. The Notes will bear interest at an annual rate of 12% and will mature on September 16, 2026 (the “Maturity Date”), providing ample time to execute on our long-term growth strategy. Investors have the option to convert up to 50% of the outstanding Notes into TREES Common... Read More

General Cannabis Corp d/b/a TREES (OTCQB: CANN) (“TREES” or “the Company”) is pleased to announce the closing of the acquisition of the “TREES” Oregon dispensaries. Total consideration for the acquisition of the three licenses and related assets in Portland, Oregon was $1,470,405 in cash and 11,394,229 shares issued at $0.89 per share. This acquisition is part of the Company’s continuing disciplined retail expansion plan in... Read More

General Cannabis Corp. d/b/a TREES (OTCQB: CANN) (“TREES” or “the Company”), a vertically integrated licensed cannabis operator, is pleased to announce that it has completed the sale of 1,180 Units of Series A Convertible Preferred Equity. Each Unit consists of one share of Series A Convertible Preferred Stock (convertible into 1,000 shares of the Company’s Common Stock) and 300 warrants. The conversion price of the Common... Read More

General Cannabis Corp d/b/a TREES (OTCQB: CANN) (“TREES” or “the Company”) recently announced a corporate name change as a first step in its evolution towards the expansion of their vertically integrated model. Along with the name change, the Company is pleased to augment its executive management team with key appointments and promotions, expanding the current talented leadership team, as the Company progresses into its next... Read More

General Cannabis Corp (OTCQB: CANN) (“TREES” or “the Company”) is pleased to announce the closing of the acquisition of the TREES Englewood Dispensary. The Company will now be doing business as TREES, pursuant to a Colorado tradename filing. The Company expects to close the acquisition of the two previously announced dispensaries in Portland, Oregon in the near future, and the opening of the two new dispensaries in Denver... Read More

General Cannabis Corp (OTCQB: CANN) is pleased to announce the submittal of the Change of Ownership License to the Marijuana Enforcement Division (MED) for the Englewood Dispensary location has been made. This brings the company one step closer towards the closing of the Trees acquisition and becoming a vertically integrated operator in Colorado. Tim Brown, the founder and CEO of Trees said, “With the submittal to the MED... Read More

General Cannabis Board Member and major investor, Adam Hershey, to be appointed Interim CEO Search for new CEO to begin immediately General Cannabis Corp (OTCQB: CANN) today announced several changes to its executive management team. Current Board Member and major investor, Adam Hershey, was appointed as the Company’s Interim CEO. Steve Gutterman stepped down from his CEO and Director roles and will be leaving the Company to... Read More

Once complete, the acquisition will add 2 retail locations in Colorado and 3 in Oregon, bring on a seasoned retail team, and create vertical integration in Colorado. Upon closing, consolidated revenue is expected to triple. The Company expects to be cash flow positive as all retail locations open and ramp. Total consideration for the transaction is $39.5 million, payable 13% in cash and 87% in stock. General Cannabis is... Read More

General Cannabis Corp (OTCQB: CANN) today announced that it has raised an additional $1.66 million of its senior convertible promissory notes, bringing the total amount raised in the round to $4.6 million. The additional capital will be used to make capital improvements at SevenFive Farm, the Company’s 17,000 square foot light deprivation greenhouse cultivation facility, to extinguish the remainder of its outstanding 15%... Read More