CANN on OTC

TREES Corp (Colorado)

TREES Corp (Colorado) is an American Retail-Drug Stores and Proprietary Stores company.1 It is headquartered in Lakewood, Colorado.1 Its shares trade on OTC under the symbol CANN.1

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Last updated Oct 20, 2026.

Overview

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  • TickerCANN on OTC1
  • IndustryRetail-Drug Stores and Proprietary Stores1
  • HeadquartersLakewood, Colorado1
  • Incorporated inCO2
  • Business address215 Union Boulevard, Suite 415, Lakewood, Co 802282
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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In such event, a 1.5x liquidation preference shall apply to entire amount (the initial $250,000 plus the additional $250,000).3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-21.9%Operating margin4
-39.0%Net margin4
34.9%Revenue growth, 20234
-4780.2%Return on equity4
94.59×Debt to equity4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue53¢$11.6M
  • Selling, general and admin38¢$8.2M
  • Interest8¢$1.8M
  • Income tax1¢$187.8K

Out of $18.1M in revenue.4 The company lost money this year.

Financial statements

Revenue56784$18.1M in 2023+415% since 2017
0$5.0M$10.0M$15.0M$20.0M2017: $3.5M$3.5M20172018: $1.7M$1.7M2018−51%2019: $3.7M$3.7M2019+111%2020: $2.3M$2.3M2020−38%2021: $5.9M$5.9M2021+159%2022: $13.4M$13.4M2022+127%2023: $18.1M$18.1M2023+35%
Operating income567894-$4.0M in 2023−44% since 2017
-$15.0M-$10.0M-$5.0M02017: -$7.0M-$7.0M20172018: -$10.6M-$10.6M2018+50%2019: -$8.9M-$8.9M2019−16%2020: -$5.9M-$5.9M2020−34%2021: -$3.0M-$3.0M2021−49%2022: -$3.2M-$3.2M2022+5%2023: -$4.0M-$4.0M2023+25%
Net income567894-$7.1M in 2023−14% since 2017
-$20.0M-$15.0M-$10.0M-$5.0M02017: -$8.2M-$8.2M20172018: -$17.0M-$17.0M2018+106%2019: -$15.5M-$15.5M2019−9%2020: -$7.7M-$7.7M2020−50%2021: -$8.9M-$8.9M2021+15%2022: -$9.5M-$9.5M2022+7%2023: -$7.1M-$7.1M2023−25%
Fiscal year2017201820192020202120222023
Revenue$3.5M5$1.7M6$3.7M7$2.3M8$5.9M8$13.4M4$18.1M4
Cost of revenue$380.6K5$400.1K6$2.5M7$1.4M8$4.4M9$8.6M4$11.6M4
Selling, general and admin$2.8M5$3.4M6$4.4M7$2.9M8$2.8M9$6.6M4$8.2M4
Operating expenses$8.9M9$16.6M4$22.1M4
Operating income-$7.0M5-$10.6M6-$8.9M7-$5.9M8-$3.0M9-$3.2M4-$4.0M4
Interest$313.1K5$323.6K6$345.4K7$453.5K8$622.5K9$983.2K4$1.8M4
Income before tax-$8.4M9-$9.3M4-$6.9M4
Income tax$204.9K4$187.8K4
Net income-$8.2M5-$17.0M6-$15.5M7-$7.7M8-$8.9M9-$9.5M4-$7.1M4
Earnings per share-$0.139-$0.104-$0.064
Earnings per share (diluted)-$0.405-$0.495-$0.139-$0.104-$0.064
Shares (weighted, basic)69.5M shares997.2M shares4117.2M shares4
Shares (weighted, diluted)69.5M shares997.2M shares4117.2M shares4

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Corporate structure

TREES Corp (Colorado) sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TREES Corp (Colorado)

  • Troob Capital Advisors LLC Filed SCHEDULE 13G/A on TREES Corp (Colorado), latest Feb 13, 2025 (3 filings since Feb 13, 2023)
  • TCM Tactical Opportunities Fund II LP Filed SC 13G on TREES Corp (Colorado), latest Sep 23, 2022
  • TREES Corp (Colorado) Lakewood, Colorado

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TREES Corp (Colorado) reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$1.5M9 Dec 31, 2022$950.4K9 Dec 31, 2021+56.2%
Computer equipment and software$103.8K9 Dec 31, 2022$103.8K9 Dec 31, 20210%
Property and equipment, before depreciation$2.1M4 Dec 31, 2023$2.4M4 Dec 31, 2022−12.1%
Accumulated depreciation$685.6K4 Dec 31, 2023$419.9K4 Dec 31, 2022+63.3%
Property and equipment, net$1.4M4 Dec 31, 2023$1.9M4 Dec 31, 2022−28.4%
Operating-lease assets (leased space)$2.0M4 Dec 31, 2023$3.9M4 Dec 31, 2022−48.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$969.7K4 Dec 31, 2023$2.6M4 Dec 31, 2022−62.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$15.9M4 Dec 31, 2023$18.4M4 Dec 31, 2022−13.6%
Intangible assets, net (excluding goodwill)$1.6M4 Dec 31, 2023$2.5M4 Dec 31, 2022−35.6%
Finite-lived intangibles, gross$2.8M4 Dec 31, 2023$3.0M4 Dec 31, 2022−8.4%
Accumulated amortization-$1.1M4 Dec 31, 2023-$472.5K4 Dec 31, 2022−138.1%
Finite-lived intangibles, net$1.6M4 Dec 31, 2023$2.5M4 Dec 31, 2022−35.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$860.9K4 Dec 31, 2023$2.1M4 Dec 31, 2022−58.3%
Raw materials$351.2K4 Dec 31, 2023$8.9K4 Dec 31, 2022+3854.1%

Leadership

Who has led TREES Corp (Colorado), and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert Lawrence Frichtel2014–2019
  2. Michael Feinsod2019
  3. Steven D. Gutterman2019–2021

Chair

  1. Michael Feinsod2020

Chief financial officer

  1. Brian Kozel2014
  2. Brian P. Andrews2017–2019
  3. Jessica Bast2021
  4. Mikayla Gilbert2025

Chief operating officer

  1. Joe Hodas2018–2019
201520202025
Board members and other officers (18)

Former names

  • GENERAL CANNABIS CORPJun 18, 2015 to Jun 14, 20222
  • Advanced Cannabis Solutions, Inc.Nov 14, 2013 to Jun 4, 20152
  • Promap CorpNov 25, 2009 to Oct 2, 20132

Timeline

  1. Aug 22, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation38
  2. Apr 23, 20258-K Entered a material agreement39
  3. Feb 5, 20258-K Entered a material agreement; Executive or director change40
  4. Nov 25, 20248-K Entered a material agreement41
  5. Nov 15, 20248-K Entered a material agreement; New debt or obligation42
  6. Jun 14, 20248-K Entered a material agreement; New debt or obligation43
  7. Dec 21, 20238-K Entered a material agreement; New debt or obligation; Unregistered sale of shares44
  8. Aug 23, 20238-K Entered a material agreement45
  9. Aug 7, 20238-K Executive or director change46
  10. Jul 7, 20238-K Entered a material agreement; Executive or director change47
  11. Mar 10, 20238-K Financial statements and exhibits48
  12. Feb 3, 20238-K Completed an acquisition or sale; Executive or director change49
  13. Dec 20, 2019New chief executive Steven D. Gutterman becomes CEO15
  14. Apr 26, 2019New chief executive Michael Feinsod becomes CEO14
  15. Nov 4, 2014New chief executive Robert Lawrence Frichtel becomes CEO16

Filings

85 filings to the SEC since October 2021: 6 annual reports, 10 quarterly reports, 27 major events, 27 insider forms, 4 large holders, 11 other. The latest 20:

  1. Aug 22, 20258-K CURRENT REPORT EDGAR
  2. Apr 23, 20258-K CURRENT REPORT EDGAR
  3. Mar 14, 202515-12G EDGAR
  4. Feb 18, 20253 EDGAR
  5. Feb 13, 2025SCHEDULE 13G/A EDGAR
  6. Feb 6, 20254 EDGAR
  7. Feb 5, 20258-K CURRENT REPORT EDGAR
  8. Dec 6, 20244 EDGAR
  9. Dec 6, 20244 EDGAR
  10. Nov 25, 20248-K CURRENT REPORT EDGAR
  11. Nov 15, 20248-K CURRENT REPORT EDGAR
  12. Nov 8, 202410-Q QUARTERLY REPORT EDGAR
  13. Sep 3, 20244 OWNERSHIP DOCUMENT EDGAR
  14. Sep 3, 20244 OWNERSHIP DOCUMENT EDGAR
  15. Aug 9, 202410-Q QUARTERLY REPORT EDGAR
  16. Jun 14, 20248-K CURRENT REPORT EDGAR
  17. May 14, 202410-Q QUARTERLY REPORT EDGAR
  18. Apr 29, 202410-K/A AMENDMENT NO. 1 TO FORM 10-K EDGAR
  19. Apr 22, 20243 EDGAR
  20. Apr 10, 202410-K ANNUAL REPORT EDGAR

The 85 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How TREES Corp (Colorado) is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTREES Corp (Colorado)1
  • CIK0001477009
  • Employer ID (EIN)20-80961311
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inColorado1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5912 Retail-Drug Stores and Proprietary Stores1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address215 Union Boulevard, Suite 415, Lakewood, CO 802281
  • Phone303-759-13001
  • Shares outstanding108,746,520 as of Nov 8, 202412
  • Public float$7.3M as of Dec 29, 20234
  • On EDGAR sinceNov 25, 20091
  • Filings652 in all: 4 (219), 8-K (174), 10-Q (44), 3 (25), CORRESP (20), UPLOAD (17), 10-K (14), S-1/A (12)1
    All 38 form types

    10-K/A (11), NT 10-Q (10), SC 13D/A (10), 8-K/A (9), EFFECT (9), 10-Q/A (6), DEF 14A (6), 424B3 (5), NT 10-K (5), S-1 (5), 4/A (4), 5 (4), D (4), POS AM (4), PRE 14A (4), SC 13G (4), 424B4 (3), D/A (3), S-3 (3), SC 13D (3), SC 13G/A (3), DEFA14A (2), RW (2), S-8 (2), 15-12G (1), 3/A (1), 424B5 (1), 8-A12G (1), SC 14F1 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Apr 10, 2024
    Quarterly report (10-Q) Nov 8, 2024
    Proxy statement (DEF 14A) Apr 28, 2022
    Latest 8-K (8-K) Aug 22, 2025

Sources

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