TREES
TREES has reached a definitive agreement to acquire Green Man Cannabis Dispensary, located in Denver. This purchase continues the targeted expansion of TREES’ dispensary footprint to 8 stores in 2 states.
Total consideration for the acquisition will consist of 4,494,382 shares of common stock, with an ascribed stock price of $0.89 per share, a meaningful premium to the current stock price, and cash. The acquisition is expected to close prior to the end of this calendar year, subject to obtaining Colorado Marijuana Enforcement Division and local licensing approval.