Trees Corporation (NEO:TREE.AQN) has said it recorded another system-wide sales record in July with sales totalling $1.3 million, a 7% increase over the prior month.
The company said it expects to report 2Q system-wide sales of approximately $3.1 million, a 13% increase over the previous quarter, when it releases its results for the quarter ended June 30, 2022, after the closing of the markets on August 15.
Trees president Jeff Holmgren noted that the company continues to be encouraged by its robust growth in sales, now setting records in both June and July, and for its soon-to-be-released 2Q results.
READ: Trees Corporation posts record $1.2M monthly sales in June
“We look forward to continued growth in the months ahead as we remain focused on operational execution and M&A-based growth opportunities,” Holmgren said.
Trees CEO Michael Klein added: "Our performance is a testament to the entire team, and we are grateful for the support from the communities we serve in Ontario and British Columbia."
Trees is a cannabis company at the intersection of community, content, and commerce.
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