CANN Stock Recent News

Trees Corporation (NEO:TREE.AQN) has announced that it is now provincially licensed to operate in British Columbia, having received due diligence approval from the British Columbia Liquor and Cannabis Regulation Branch.  The Canadian cannabis company said it will now begin with the closing of its previously-announced acquisition of five stores on Vancouver Island pursuant to the terms of the third amended and restated asset purchase agreement between Trees and 1015712 BC Ltd (the APA).

Trees Corporation (NEO:TREE.AQN) announced that it recorded system-wide sales of $1.9 million in June, which represents a roughly 25% increase in monthly same-store sales since the beginning of the year. "Robust sales growth has exceeded our expectations in the second quarter of 2022 and we are encouraged to see a continuing trend as we move through the early weeks of summer,” CEO Michael Klein said in a statement.