other material
confidence high
sentiment neutral
materiality 0.20
Trees Corp amends 8-K: adds 2019 audit opinion; subsidiary net loss, going concern
TREES Corp (Colorado)
- Trees Portland, LLC: net sales $3.09M (2020) vs $1.93M (2019); net loss $27,886 vs $39,158.
- Audit opinion includes going-concern warning for both subsidiaries due to dependence on uncertain financing.
- Subsequent event: Trees entered Asset Purchase Agreement with General Cannabis Corp for $5M cash and stock; TDM sale closed Sep 2021.
- Amendment corrects prior omission of 2019 audit opinion; no other changes to previously filed financials.