M&A
confidence high
sentiment neutral
materiality 0.55
Trees Corp files amended 8-K with audited financials of acquired Green Tree entities; sales $10M, net loss in 2021
TREES Corp (Colorado)
- Green Tree Combined Entities reported 2021 sales of $10.0M vs $9.9M in 2020; net loss of $88K in 2021 vs net income of $224K in 2020.
- Total assets $3.5M, members' equity $2.3M as of Dec 31, 2021; cash $156K.
- Acquisition of substantially all assets of Green Tree was previously reported Dec 2022; this amendment provides required historical financial statements.
- Audited by BF Borgers CPA PC; entities operate cannabis cultivation and retail in Colorado.