General Cannabis acquires TDM LLC cannabis retailer for $5M cash plus stock

TREES Corp (Colorado)

TDM had product sales of $13.5M and net income of $1.29M for FY2020.
For H1 2021, TDM net income fell to $639K from $938K in prior-year period.
TDM has substantial related-party lease and auditor going-concern uncertainty.
Acquisition includes $5M cash and shares of General Cannabis common stock; closing subject to Colorado regulatory approval.

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