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Trees Corporation (CANN)

Other OTC - Other OTC Delayed price. Currency in USD

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0.1051

-0.0121

(-10.31%)

At close: 03:56PM EDT

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GlobeNewswire
TREES Corporation Announces Strategic Restructuring of Senior Secured Loan; Resets 2024 for Growth Focusing on Revenue & Cash Flow Initiatives
DENVER, Dec. 21, 2023 (GLOBE NEWSWIRE) -- TREES CORPORATION (OTCQB: CANN) (“TREES” or the “Company”), a vertically-integrated operator in Colorado and Oregon, today announced a significant restructuring of its senior secured loan; a strategic move designed to strengthen the Company's financial foundation and foster growth. With three years remaining on the loan, this restructuring includes a deferral of interest payments and the provision of additional working capital to support ongoing operatio