Trees Corp (CANN) is a cannabis retail and cultivation company that operates licensed dispensaries and grow facilities across Colorado and Oregon. Revenue comes from direct-to-consumer sales of cannabis products through its retail dispensary locations. As of the 10-K filed April 10, 2024, the company operated dispensaries in Englewood, Longmont, Denver, and Portland under operating and finance leases, alongside cultivation facilities in Boulder, Colorado. Trees Corp is a smaller reporting company with less than $100 million in revenue. It reported net losses of $7,082,258 and $9,475,067 for the years ended December 31, 2023 and December 31, 2022, respectively, and an accumulated deficit of $100,484,340 as of December 31, 2023. Cash and cash equivalents stood at $969,676 as of December 31, 2023. Management has disclosed substantial doubt about the company's ability to continue as a going concern, with operations funded primarily through debt and equity issuances.
Source: SEC 10-K, filed 2024-04-10
Industry: Retail-Drug Stores and Proprietary Stores Peers: Global AI Inc Correlate Energy Corp. High Wire Networks Inc Where Food Comes From Inc Public Company Management Corp Mistras Group Inc Pineapple Inc
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