TREES (OTCMKTS:CANN) Issues Quarterly Earnings Results

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

TREES Price Performance

CANN traded up $0.00 during midday trading on Friday, hitting $0.02. 262,940 shares of the company’s stock traded hands, compared to its average volume of 101,047. The company has a market cap of $2.69 million, a PE ratio of -1.17 and a beta of -0.45. The stock’s fifty day simple moving average is $0.03 and its 200-day simple moving average is $0.03. TREES has a one year low of $0.01 and a one 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.