FY2023 · ended Dec 31, 2023 · Revenue $18.14M, +34.9% YoY · Filed Apr 10, 2024
Trees Corporation (CANN) files with the SEC under industry code 5912, Retail-Drug Stores and Proprietary Stores. In fiscal 2023, which ended Dec 31, 2023, it reported revenue of $18.1 million and a net loss of $7.1 million. As of Sep 30, 2024 it held $245,367 in cash and investments and $17.4 million in total debt.
Revenue (TTM)
$14.50M
-18.4% vs year-ago TTM
Net income (TTM)
$-5.38M
+48.6% vs year-ago TTM
Operating cash flow (TTM)
$-459,989
+80.0% vs year-ago TTM
Free cash flow
$-2.11M
+29.2% vs prior year
EPS (TTM)
$-0.05
+46.6% vs year-ago TTM
Dividend per share
None
Shares outstanding
108.75M
-8.4% vs prior year
Net cash
$-17.18M
as of Sep 30, 2024
Operating margin
-8.7%
FY 2024
Company profile
- Industry
- Retail-Drug Stores and Proprietary Stores (SIC 5912)
- Listed as
- CANN (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- CO
- Headquarters
- Lakewood, CO
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1477009
- Former names
- GENERAL CANNABIS CORP (until Jun 14, 2022); Advanced Cannabis Solutions, Inc. (until Jun 4, 2015); Promap Corp (until Oct 2, 2013)
Other Retail-Drug Stores and Proprietary Stores companies
- CVS HEALTH Corp CVS
- Guardian Pharmacy Services, Inc. GRDN
- 111, Inc. YI
- Petmed Express Inc PETS
- Ridgetech Inc. RDGT
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
FY 2020 Dec 31, 2020 |
FY 2019 Dec 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $18.1M | $13.4M | $5.9M | $2.3M | $3.7M |
| Operating income | -$4.0M | -$3.2M | -$3.0M | -$5.9M | -$8.9M |
| Net income | -$7.1M | -$9.5M | -$8.9M | -$7.7M | -$15.5M |
| Diluted EPS | -$0.06 | -$0.10 | — | — | — |
| Operating cash flow | -$1.1M | -$2.0M | -$2.7M | -$5.0M | -$5.3M |
| Free cash flow | — | -$2.1M | -$3.0M | -$5.3M | -$5.6M |
| Total assets | $23.2M | $31.7M | $22.0M | $8.5M | $3.5M |
| Total liabilities | $23.1M | $25.3M | $12.4M | $7.5M | — |
| Stockholders' equity | $148,159 | $6.4M | $9.6M | $1.0M | -$5.8M |
| Cash and investments | $969,676 | $2.6M | $2.1M | $750,218 | $122,390 |
| Total debt | $17.9M | $22.5M | $10.2M | $4.8M | $2.3M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Acquisition or sale of assets, New debt, Officer or director change
|
Aug 22, 2025 | Jun 20, 2025 |
| 8-K |
Current report
Material agreement
|
Apr 23, 2025 | Apr 17, 2025 |
| 8-K |
Current report
Material agreement, Officer or director change
|
Feb 5, 2025 | Jan 31, 2025 |
| 8-K |
Current report
Material agreement
|
Nov 25, 2024 | Nov 20, 2024 |
| 8-K |
Current report
Material agreement, New debt
|
Nov 15, 2024 | Nov 8, 2024 |
| 10-Q | Quarterly report | Nov 8, 2024 | Sep 30, 2024 |
All 652 Trees Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.