Business
General Cannabis Corp Comments on Business Operations
General Cannabis Corp Comments on Business Operations.
About this update from Trees Corporation
[{"type":"text","content":"\n DENVER, March 30, 2020 (GLOBE NEWSWIRE) -- General Cannabis Corp (“General Cannabis”) (OTCQX: CANN) issued an open letter to update shareholders on its business operations amid the coronavirus (“COVID-19”) pandemic. The full text of the letter follows: Dear Stakeholders:  As we come together during these unprecedented times, our sincerest hope is that you, your families and friends are safe and in good health. Our collective focus is, first and foremost, on our stakeholder’s health and safety. At the same time, we recognize that the cannabis industry finds itself a source of relief and support for many people. Our world has taken a turn none of us could have ever anticipated—and the U.S. economy faces historic pressure as a result of COVID-19. Where shelter-in-place restrictions have been enacted, marijuana-related businesses have been deemed “essential” along with food and agriculture, transportation, energy, financial services, communications and information technology.                                                                                                                                                                         Clearly, the COVID-19 outbreak has challenged our business operations. Nonetheless, we start with this news: General Cannabis Corp enjoyed record revenue in 2019. In fact, we expect to report revenues for the year ended December 31, 2019 at approximately $6.0 million, which is up more than 30% from the prior year, led...