TREES (OTCMKTS:CANN) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

TREES Corporation (OTCMKTS:CANNGet Free Report)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.02 and traded as low as $0.0182. TREES shares last traded at $0.03, with a volume of 35,591 shares.

TREES Price Performance

The firm has a market capitalization of $3.45 million, a P/E ratio of -1.50 and a beta of -0.54. The company has a fifty day moving average of $0.02 and a 200 day moving average of $0.03.

TREES Company Profile

(Get Free Report)

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.

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