Business
TREES Corporation Announces the Closing of the Green Man Acquisition; Expanding Brand in the Denver Metro Area
TREES Corporation Announces the Closing of the Green Man Acquisition; Expanding Brand in the Denver Metro Area.
About this update from Trees Corporation
[{"type":"text","content":"\n DENVER, Dec. 20, 2022 (GLOBE NEWSWIRE) -- TREES CORPORATION (OTCQB: CANN) (“TREES” or the “Company”), a vertically-integrated operator in Colorado, is pleased to announce the closing of the transaction to acquire the Green Man cannabis dispensary, located in Denver. This strategic expansion allows TREES to further solidify its position as a leading cannabis retailer and is anticipated to drive significant value for our shareholders. The full service dispensary located in Denver on East Hampden Avenue will be rebranded as TREES as part of our initiative to expand the overall brand. Adam Hershey, Interim CEO of TREES, said, “We are thrilled to have closed this transaction quickly and bring our signature brand TREES to South Denver. The team is proud to welcome the new TREES-branded dispensary to the portfolio.” ABOUT TREES TREES is the parent company of a vertically-integrated cannabis company and multi-state operator in the U.S., operating in Colorado and Oregon. TREES is pursuing a roll-up strategy of licensed assets in mature markets, while maintaining loyal, local customer bases. TREES currently owns and operates a light-deprivation greenhouse and a campus of indoor cultivation facilities in Boulder, dispensaries in Englewood, Longmont and Berthoud, Colorado and three dispensaries in Portland, Oregon. TREES trades on the OTCQB market under the symbol CANN. For more information, please visit treescann.com. Forward-looking Statements This press release contains \"forward-looking statements\" within the meaning of applicable securities laws. Forward-looking statements may be identified by the use of words such as \"anticipate\", \"believe\", \"expect\", \"estimate\", \"plan\", \"outlook\", and \"project\" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements are not a guarantee of future performance and is based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors relevant in the circumstances. Although TREES believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, caution must be exercised in relying...