Business
TREES Corporation Announces the Closing of the Green Tree Acquisition; Adding Retail Dispensaries in Longmont and Berthoud, Colorado
TREES Corporation Announces the Closing of the Green Tree Acquisition; Adding Retail Dispensaries in Longmont and Berthoud, Colorado.
About this update from Trees Corporation
[{"type":"text","content":"\n DENVER, Dec. 13, 2022 (GLOBE NEWSWIRE) -- TREES CORPORATION (OTCQB: CANN) (“TREES” or the “Company”), a leading vertically-integrated operator in Colorado, is pleased to announce the closing of the transaction to acquire the Green Tree cannabis dispensaries, located in Berthoud and Longmont, Colorado, along with additional cultivation and manufacturing assets. This purchase continues the rapid and targeted expansion of TREES’ dispensary footprint and supports our ongoing retail expansion plan in Colorado. Allyson Feiler, the founder of Green Tree, was elected to serve on our Board of Directors as well as our Nominating Committee, on December 12, 2022. Chairman of the Board, Carl Williams, said, “We are excited to welcome Ally to the Board, bringing a diverse perspective and a decade of experience in the cannabis space. We see an incredible opportunity to elevate the TREES manufacturing and cultivation capabilities, while at the same time accelerating our store footprint with the closing of the deal.” The Company continues to evaluate merger and acquisition transactions that fit both financially and strategically into our geographic expansion plans. 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 ass...