M&A
confidence high
sentiment neutral
materiality 0.70
General Cannabis amends 8-K with Trees Portland and Waterfront audited financials
TREES Corp (Colorado)
- Trees Portland 2020 net sales $3.09M, net loss $27.9K; 2019 net loss $39.2K.
- Consideration: $5M cash plus General Cannabis common stock; TDM sale closed Sep 2, 2021.
- Remaining entities sale subject to Oregon Liquor and Cannabis Commission approval.
- Trees Portland negative equity $82.3K at Dec 31, 2020; auditor flags going concern.