Company
Trees Corporation
NEO:TREE
Trees is a cannabis company at the intersection of community, content, and commerce. Publicly traded, Trees offers a differentiated retail experience, combined with digital platforms cannabisMD.com and askCMD.com that aim to educate and amplify, unlocking emerging consumer segments and need states that allows Trees to uniquely engage the 360 cannabis consumer.
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Trees Corporation reveals record 3Q sales as its profit margins strengthen
“With the imminent acquisition of our 5 Trees brand licensed store in British Columbia, anticipated to close before year end, our quarterly revenue and gross profit margin will jump by nearly 50% beginning in the first full quarter after th
Investments and investor services
Trees Corporation closes its private placement; raises C$200K
The Canadian cannabis company said proceeds from the offering will be directed towards general working capital requirements and the opening of its next Trees Cannabis location in Toronto
Trees Corporation receives license to operate in British Columbia and begins closing its Vancouver Island retail acquisitions
“Now with a BC operators' license in-hand, we can quickly move to close the acquisition of the five BC stores, which for the month of August, recorded gross sales of approximately $440,000, representing an approximate 50% increase in sales
Trees Corporation reports record monthly system-wide sales in July ahead of 2Q earnings
Trees Corporation president Jeff Holmgren said the company continued to be encouraged by its robust growth in sales, now setting records in both June and July
Trees Corporation posts record $1.2M monthly sales in June
The company noted in particular that the drive-through convenience of its Dundas St. West in Etobicoke, Toronto has driven rapid sales growth
Trees Corporation acquires Burlington, Ontario’s Camp Cannabis
"We are thrilled to add Camp Cannabis in Burlington to our growing portfolio of successful Trees branded storefronts in Ontario, now counting 13 stores nationwide,” Trees Corp CEO Michael Klein and president Jeff Holmgren said
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Trees Corp opens newest branded storefront in British Columbia
"The Alpha Street opening marks the fifth Trees-branded location on Vancouver Island, allowing the Trees brand to serve an even larger part of the community," said Michael Klein, chief executive officer of the company
Trees Corporation reports 1Q revenue of $1.7 million, up 225% after rolling out more stores
The cannabis company said revenue growth was driven by an increase in the corporate owned store count from two stores in the year-ago period to seven stores in the quarter just ended
Trees Corporation closes $1 million private placement to fund Camp Cannabis acquisition, operating expenses
The cannabis company offered over 34.1 million units, each containing a common share and half a common share purchase warrant, at a price of $0.03 per unit
Trees Corporation reports surge in revenue as it rolls out more outlets and grows sales
“Our performance in 2021 is a testament to the strength of the entire Trees team to grow our consumer base and build value for shareholders,” the company's CEO Michael Klein said
Trees Corporation subsidiary inks deal to acquire Camp Cannabis retail stores in Ontario
“The definitive agreement with Camp is a crucial step and the beginning of our planned growth strategy through accretive consolidation,” Trees Corp president Jeff Holmgren said
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Trees Corp makes further amendments to 101 retail cannabis store purchase; sees immediate acquisition of trademarks
"With its high barrier of entry, Trees looks forward to soon solidifying its presence in the BC market through the closing of this transaction as a significant milestone to expanding the highly differentiated Trees brand," said Jeff Holmgre
Trees Corporation appoints Lisa Dea as independent board director
Dea has held the position of CFO at several listed companies in Canada where she was responsible for corporate strategy as well as all aspects of finance and legal, debt, and capital market activities