TREES (OTCMKTS:CANN) Posts Earnings Results

TREES (OTCMKTS:CANN) announced its earnings results on Friday. The company reported $999.00 earnings per share for the quarter, Zacks reports.

TREES Stock Up 13.0%

OTCMKTS:CANN opened at $0.02 on Friday. The company’s 50 day moving average price is $0.03 and its 200-day moving average price is $0.03. TREES has a 52 week low of $0.01 and a 52 week high of $0.06. The stock has a market cap of $2.69 million, a price-to-earnings ratio of -1.17 and a beta of -0.45.

TREES Company Profile

Trees Corporation provides products and services to the regulated cannabis industry in the United States. The company operates through Retail and Cultivation segments. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility; and retail dispensary store in Englewood, Colorado, as well as retail stores in Portland, Oregon. The company was formerly known as General Cannabis Corp. and changed its name to Trees Corporation in June 2022. Trees Corporation was incorporated in 2013 and is headquartered in Lakewood, Colorado.