TREES (OTCMKTS:CANN) Issues Earnings Results

TREES (OTCMKTS:CANN) released its quarterly earnings results on Friday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports.

TREES Stock Performance

Shares of CANN opened at $0.02 on Friday. The company has a market capitalization of $2.69 million, a price-to-earnings ratio of -1.17 and a beta of -0.45. The company’s 50 day simple moving average is $0.03 and its 200 day simple moving average is $0.03. TREES has a 1 year low of $0.01 and a 1 year high of $0.06.

About TREES

Trees Corporation provides products and services to the regulated cannabis industry in the United States. The company operates through Retail and Cultivation segments. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility; and retail dispensary store in Englewood, Colorado, as well as retail stores in Portland, Oregon. The company was formerly known as General Cannabis Corp. and changed its name to Trees Corporation in June 2022. Trees Corporation was incorporated in 2013 and is headquartered in Lakewood, Colorado.