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General Cannabis Announces 2018 Third Quarter Results
General Cannabis Announces 2018 Third Quarter Results.
About this update from Trees Corporation
[{"type":"text","content":"\nDENVER, Nov. 09, 2018 (GLOBE NEWSWIRE) -- General Cannabis Corp (OTCQX: CANN), the comprehensive national resource to the regulated cannabis industry, today announced financial results for the quarter ended September 30, 2018.\n Financial Highlights The following table summarizes our results of operations:  Three months endedSeptember 30,Percent 20182017ChangeSegment Revenues   Security$689,930 $533,065 29%Marketing 45,054  49,394 (9) %Operations 345,205  364,630 (5) %Finance 16,858  32,902 (49) %  1,097,047  979,991 12%        Total costs and expenses 3,553,909  2,447,655 45%Operating loss (2,456,862) (1,467,664)67%        Other expense 1,757,340  275,383 538%Net loss$(4,214,202)$(1,743,047)142%        Loss per share – Basic and diluted$(0.12)$(0.08)39%  Nine months endedSeptember 30,  Percent 20182017ChangeSegment Revenues   Security$1,856,188 $1,322,509 40%Marketing 227,518  163,216 39%Operations 1,053,506  947,725 11%Finance 16,858  99,251 (83)%  3,154,070  2,532,701 25%        Total costs and expenses 11,268,731  7,512,692 50%Operating loss (8,114,661) (4,979,991)63%        Other expense 4,235,225  990,846 327%Net loss$(12,349,886)$(5,970,837)107%        Loss per share – Basic and diluted$(0.35)$(0.30)18% The following provides a condensed version of our balance sheets:  September 30,December 31,Percent 20182017ChangeTotal current assets$10,665,883 $6,190,411 72%Long-term assets 1,501,960  1,413,515 6%Total assets$12,167,843 $7,603,926 60%    Total liabilities$4,877,180 $4,097,929 19%Stockholders’ equity 7,290,663  3,505,997 108%Total liabilities and stockholders’ equity$12,167,843 $7,603,926 60%   ...