Skip to content
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

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

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
10M20M-10M-20M
20102014201720202023
Compound annual growth
+96.7%
+59.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +59.9% a year over the five years to FY2023.

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%
201020172023
ROE
FY2023 · ROE -216.1%
-200%-400%
201020172023
Three returns, three denominators.

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
-2.5M-5.0M
201020172023

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—not applicable◌not available in our data
CANN, 13-year financial record
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 % — not applicable: no dividend—————————————
ROE %−216.1−118.3−167.2——−421.3————−82.4−162.4−1.9
Shares out B0.110.120.090.060.040.040.030.020.010.130.010.010.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergence in 53 reconciliationsAUDITED

Reconciled in 12 of the 13 fiscal years we could check. 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. Six checks were skipped: the balance sheet is not tagged before 2010. Four checks were skipped: the share count is not tagged before 2011. Four checks were skipped: revenue is not tagged before 2011.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 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

Share this section

Download image