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MARKETS / BALCAO / CANN
BALCAO · RETAIL-DRUG STORES AND PROPRIETARY STORES · SMALL CAP

Trees Corp. (Colorado) CANN

13 fiscal years on record · USD · FY2023 reported · SEC filings only
$18.1M
▲ 34.9% YoY
$-7.1M
In brief

What this company does

We also operate two (2) cultivation facilities in Colorado as follows: Our principal business model is to acquire, integrate and optimize cannabis companies in the retail and cultivation segments utilizing the combined experience of entrepreneurs and synergistic operations of our vertically integrated network. On May 1, 2020, the MED granted regulatory approval to the Company as a qualified and suitable buyer of licensed cannabis operations in the State. As of December 31, 2023, we had approximately 91 full-time employees. Our principal executive offices are located at 215 Union Boulevard, Suite 415, Lakewood, Colorado 80228; Telephone No.: (303) 759-1300.

Written from the business description in TREES Corp's annual report to the U.S. Securities and Exchange Commission, filed 10 April 2024. Every sentence was checked against that document before publication.

Growth
USD 18.1M
Revenue, FY2023 · full 13-year series below
Revenue $M Net income $M
FY2023 · Revenue 18.1 · Net income -7.1
8M16M-8M-16M2010201220152017201920212023
Compound annual growth
+96.7%
+59.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +59.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−39 cents
lost on every revenue dollar
Operating margin Net margin
FY2023 · Operating -21.9% · Net -39.0%
-1000%-2000%2010201220152017201920212023
ROE
FY2023 · ROE -216.1%
-200%-400%2010201220152017201920212023

Each USD of equity lost 216 cents this year.

Cash & shareholders
returned in FY2023 · dividends + net buybacks
Free cash flow $M
FY2022 · FCF -2.1
-2M-4M2010201220152017201920212023

Total assetsUSD 23.2M
EquityUSD 148,159.00
CashUSD 969,676.00
Gross debtUSD 15.1M
Net debtUSD 14.1M
Current ratio0.32×

Net debt stands at 9541% of equity.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2023202220212020201920182017201620152014201220112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.0·
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.00.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0···
Income tax $B0.00.0··········0.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B·−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0···
EPS, diluted $−0.06−0.10−0.13−0.17−0.47−0.49−0.40−0.66−0.63−0.510.00−0.010.00
Dividend / sh $·············
Payout %·············
ROE %−216.1−118.3−167.2··−421.3−495.9···−82.4−162.4−1.9
Shares out B0.110.120.090.060.040.040.030.020.010.010.010.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures · 1 divergences in 53 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 32 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivityRetail-Drug Stores and Proprietary Stores
Listed onOTC market
Incorporated inColorado
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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