Trees
(OTCQB:CANN)
$0.0799
0[0.00%]
At close: Apr 17
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Trees Stock (OTC:CANN), Quotes and News Summary

Trees Stock (OTC: CANN) stock price, news, charts, stock research, profile.

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Recent News

Heritage Cannabis' Stock Plunges On Announcing Creditor Protection, Looks To Pursue Restructuring And Sales Process
Heritage Cannabis Holdings Corp. announced on Tuesday that alongside its subsidiaries it sought and obtained an order for creditor protection from the Ontario Superior Court of Justice under the Companies Creditors Arrangement Act. "The difficult but necessary decision to commence CCAA proceedings was made after careful consideration of the Company's financial position while evaluating all available alternatives and engaging in significant consultation with legal and financial advisors," the company said in a press release. The Toronto-based cannabis producer also said that BJK Holdings Ltd., its senior secured lender, made a demand to the company for payment in full of certain indebtedness owing by the Heritage Group to the lender totaling $8,421,088.87. Heritage has entered into binding agreements to sell its real estate properties in Ontario and British Columbia to BJK Developments Ltd. for a net purchase price of $9,714,475 and lease the Ontario and BC Property back from the purchaser in October. The company said at the time the purchase would be used to set off the amount owing by the company to its lender, BJK Holdings Ltd., a related entity of the purchaser, reducing the company's remaining term debt by roughly 64% to $5,256,379. The remaining term financing, as amended within a third amending agreement, has been extended through to Jan. 31, 2025. Additionally, the company said it retains its revolving line of credit of up to $5 million with BJK, which has also been extended until the same date.
Jelena Martinovic
Heritage Cannabis Co. Boosts Gross Margin Over 50% In 2023 Thanks To This Smart Move
Heritage Cannabis Holdings reported an increase in gross margin of more than 50% for the year and 628% for the quarter ended October 31, 2023. CEO David Schwede credited the company's focus on product optimization and operational efficiencies for this growth, with products like RAD vape and Adults Only brand remaining in high demand. The company saw strong growth in states like New York, Missouri, and West Virginia, with over $3.5 million in sales. While net revenue slightly dropped in Q4 2023 compared to the prior year, cost of sales decreased significantly, leading to a higher gross margin. For the full year 2023, net revenue increased, costs decreased, and the company reported lower comprehensive losses compared to the previous year. Schwede expressed optimism for continued growth in revenue and gross margin for 2024 with a focus on exploring new revenue channels in the U.S. and abroad.
Jelena Martinovic
TREES To Acquire Green Man Cannabis Dispensary
TREES Corporation (OTCQB: CANN) signed 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.
Vuk Zdinjak
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Financials

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About Trees Corporation.
Sector
Industrials
Industry
Professional Services
Trees Corp is a vertically integrated cannabis company and multi-state operator in the United States...
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CANN

FAQ

Q

How do I buy Trees (CANN) stock?

A

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Q

Who are Trees's (CANN) competitors?

A

There are no as such competitors for Trees.

Q

What is the target price for Trees (CANN) stock?

A

There is no analysis for Trees.

Q

Current Stock Price for Trees (CANN)?

A

The stock price for Trees (OTCQB: CANN) is $0.0799 last updated April 17, 2024 at 3:05 PM EDT.

Q

Does Trees (CANN) pay a dividend?

A

There are no upcoming dividends for Trees.

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When is Trees (OTCQB:CANN) reporting earnings?

A

Trees’s Q1 earnings are confirmed for Monday, May 20, 2024.

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Is Trees (CANN) going to split?

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There is no upcoming split for Trees.

Q

What sector and industry does Trees (CANN) operate in?

A

Trees is in the Industrials sector and Professional Services industry. They are listed on the OTCQB.