Business
General Cannabis Announces 2015 Fourth Quarter and Year End Financial Results
General Cannabis Announces 2015 Fourth Quarter and Year End Financial Results.
About this update from Trees Corporation
[{"type":"text","content":"\n\n DENVER, March 28, 2016 (GLOBE NEWSWIRE) -- General Cannabis Corporation (OTCQB:CANN), the all-in-one resource for the highest quality service providers available to the regulated Cannabis Industry, today announced its financial results for the fourth quarter and year ended December 31, 2015.\n Financial and Operational Highlights2015 Fiscal Year(all results are compared to prior year unless otherwise noted) Total Revenues increased 634% to $1,762,978Net loss per share increased 24% to ($0.63) per share 2015 Fourth Quarter(all results are compared to prior year period unless otherwise noted) Total Revenues increased 1205% to $685,602Net loss per share decreased 48% to ($0.13) per share Overview General Cannabis had a record fourth quarter and a record fiscal 2015 with all of our divisions showing significant growth.  We enter 2016 at a $2.75 million revenue run rate.  Each of our divisions is executing and we expect continued organic growth over the next year.  Our integrated platform of services is described on our website at www.generalcann.com. We have been and will continue to be aggressive in executing acquisitions and other opportunities that we believe will benefit us in the long-term.  We believe General Cannabis has proven its ability to successfully integrate acquisitions in the cannabis industry over the past year. Through our operating subsidiaries we continue to provide best of class services to the cannabis industry: Security and Cash Management Services  - Iron Protection Group provides advanced security, including on-site professionals, video surveillance and cash transport, to licensed cannabis cultivators and retail shops.  www.ironprotectiongroupsecurity.com Marketing and Products -  Chiefton Supply Co., is an apparel and design company.  Chiefton designs, distributes and sells apparel featuring graphic designs www.chieftonsupply.com.   Chiefton also provides high-level design and branding services to various clients, from grow stores and dispensaries to wholesale cannabis companies. www.chieftondesign.com  Chiefton  has built a name for itself through innovative cannabis graphic design and branding.   Our wholesale supply business, GC Supply, is a reseller of supplies to the cannabis market. GC Supply works with industry leaders and innovato...