View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsTrees 配当と自社株買い配当金 基準チェック /06Trees配当金を支払った記録がありません。主要情報n/a配当利回り-4.5%バイバック利回り総株主利回り-4.5%将来の配当利回りn/a配当成長n/a次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向n/a最近の配当と自社株買いの更新更新なしすべての更新を表示Recent updatesReported Earnings • Nov 16Second quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.006 loss in 2Q 2023)Second quarter 2024 results: CA$0.003 loss per share (improved from CA$0.006 loss in 2Q 2023). Revenue: CA$4.56m (up 73% from 2Q 2023). Net loss: CA$640.7k (loss narrowed 32% from 2Q 2023).Board Change • Oct 19Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Board Change • Oct 03Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Sep 16Trees Corporation, Annual General Meeting, Nov 09, 2023Trees Corporation, Annual General Meeting, Nov 09, 2023.Reported Earnings • Aug 17First quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.006 loss in 1Q 2023)First quarter 2024 results: CA$0.003 loss per share (improved from CA$0.006 loss in 1Q 2023). Revenue: CA$4.16m (up 98% from 1Q 2023). Net loss: CA$555.6k (loss narrowed 20% from 1Q 2023).New Risk • Jul 02New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CA$239k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$931k free cash flow). Share price has been highly volatile over the past 3 months (62% average weekly change). Negative equity (-CA$239k). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (CA$813.6k market cap, or US$614.1k). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding).Reported Earnings • Jul 01Full year 2023 earnings released: CA$0.072 loss per share (vs CA$0.39 loss in FY 2022)Full year 2023 results: CA$0.072 loss per share (improved from CA$0.39 loss in FY 2022). Revenue: CA$9.61m (up 66% from FY 2022). Net loss: CA$9.98m (loss narrowed 12% from FY 2022).お知らせ • Nov 29Trees Corporation announced that it has received CAD 0.945 million in fundingOn November 28, 2022, Trees Corporation closed the transaction. The company issued 745 units for gross proceeds of CAD 745,000 in its second and final tranche. The company has received CAD 945,000 in funding in the transaction.Reported Earnings • Nov 17Third quarter 2022 earnings released: CA$0.006 loss per share (vs CA$26.43 profit in 3Q 2021)Third quarter 2022 results: CA$0.006 loss per share (down from CA$26.43 profit in 3Q 2021). Net loss: CA$935.1k (down 114% from profit in 3Q 2021).Board Change • Nov 17Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Nov 09Trees Corporation, Annual General Meeting, Dec 15, 2022Trees Corporation, Annual General Meeting, Dec 15, 2022.Board Change • Oct 04Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • Sep 20+ 1 more updateTrees Corporation Announces CEO ChangesTrees Corporation announced that Campbell Becher has been appointed as interim chief executive officer of the company in response to the receipt of resignation from Michael Klein as CEO of the company for personal reasons. Mr. Becher (newly appointed interim CEO), who joined the board of directors of the company on June 16, 2022 with over 20 years of investment banking and capital markets experience.お知らせ • Sep 10Trees Corporation Announces Resignation of Lisa Dea as Board of DirectorsTrees Corporation announced that Lisa Dea has resigned from the board of directors of the company for personal reasons.お知らせ • Sep 03Trees Corporation (NEOE:TREE) acquired Trees Cannabis Locations of 1015712 B.C. Ltd.Trees Corporation (NEOE:TREE) entered into an asset purchase agreement to acquire Trees Cannabis Locations of 1015712 B.C. Ltd. on March 2, 2021. Trees Corporation will continue to operate these stores under the Trees Cannabis brand. The transaction will be completed upon the satisfaction of certain conditions, including all approvals from the Liquor and Cannabis Regulation Branch of British Columbia. On March 24, 2022 the Company and 101 agreed to separate the terms of the transaction into two components – a share purchase component (the "Trees IP Purchase"), which is governed by the terms of a share purchase agreement dated March 24, 2022 among the Company, 101 and 11391461 Canada Ltd. ("TreesAcquireCo") (the "Trees IP SPA"), and an asset purchase component (the "Retail Store Purchase") which is governed by the terms of an amended and restated asset purchase agreement entered into immediately following the closing of the Trees IP Purchase (the "Retail Store APA"). Pursuant to the Trees IP SPA, on March 24, 2022, the Company acquired all of the issued and outstanding securities of TreesAcquireCo, a company holding the "Trees" registered trademarks, including logos (the "Trees IP") in exchange for 5,933,333 Common Shares. On closing of the Trees IP Purchase, 101 and TreesAcquireCo entered into a licensing agreement pursuant to which TreesAcquireCo has agreed to license, until the closing of the Retail Store Purchase, the Trees IP to 101 in exchange for an accruing royalty earned on gross retail sales from all of the operating retail cannabis stores subject to the Retail Store APA. In addition, the 101 Note was amended on the 101 SPA Closing Date to encompass all indebtedness owing by 101 to Trees, to add additional covenants, guarantees and default provisions and to provide that the 101 Note was no longer forgivable (the "Amended 101 Note"). The Retail Store APA contemplates that the five (5) retail cannabis stores will be conveyed to TreesAcquireCo upon the satisfaction of all conditions precedent, including receipt of LCRB licensing approval. The purchase price paid for the assets will be equal to the amount outstanding under the Amended 101 Note on the date of closing and will be satisfied by the issuance by TreesAcquireCo of a note in favour of 101. The transaction is subject to customary closing conditions. Melanie Cole of Aird & Berlis LLP acted as legal advisor to Trees. Trees Corporation (NEOE:TREE) acquired Trees Cannabis Locations of 1015712 B.C. Ltd on September 2, 2022. Until such time as the transactions contemplated by the APA close, the 5 stores will continue to operate as Trees Cannabis locations in accordance with the previously disclosed brand license agreement between the parties.Reported Earnings • Aug 19Second quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.34 loss in 2Q 2021)Second quarter 2022 results: CA$0.006 loss per share (up from CA$0.34 loss in 2Q 2021). Revenue: CA$2.16m (up 160% from 2Q 2021). Net loss: CA$689.9k (loss narrowed 74% from 2Q 2021).お知らせ • Aug 05Trees Corporation Provides Sales Guidance for the Second Quarter Ended June 30, 2022Trees Corporation provided sales guidance for the second quarter ended June 30, 2022. for the quarter, the company expects system-wide sales of approximately $3.1 million (a 13% increase over the prior quarter).お知らせ • Jul 24Trees Corporation, Annual General Meeting, Sep 28, 2022Trees Corporation, Annual General Meeting, Sep 28, 2022.Board Change • Jul 14Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • May 10Trees Corporation announced that it has received CAD 1.025 million in fundingTrees Corporation announced a non-brokered private placement of 34,166,665 units at a price of $0.03 per unit for gross proceeds of CAD 1,025,000 on May 9, 2022. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of CAD 0.05 per share for a period of two years from the date of issuance, subject to an accelerated expiry date at the option of the company in the event that the closing price of the common shares on the facilities of the Neo Exchange Inc. is greater than CAD 0.20 for ten non-consecutive trading days. Certain directors of the company purchased an aggregate of 6,100,000 units under the private placement. The company paid a finder CAD 14,000 in cash commission and issued certain finders an aggregate of 1,866,666 units in lieu of a cash commission and issued an aggregate of 1,866,666 broker warrants, where each broker warrant entitles the holder thereof to acquire one unit at a price of CAD 0.03 for a period of two years from the date of issuance, subject to acceleration. The securities issued are subject to a hold period expiring September 7, 2022 in accordance with applicable Canadian securities law.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Lisa Dea was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 09Trees Corporation (NEOE:TREE) entered into a definitive agreement to acquire Miraculo Inc. for CAD 2 million.Trees Corporation (NEOE:TREE) entered into a definitive agreement to acquire Miraculo Inc. for CAD 2 million on February 7, 2022. Pursuant to the agreement, each common share in the capital of 1000101203 Ontario Inc. will be exchanged for one common share in the capital of Amalco. The Miraculo Shares held by the shareholders of Miraculo will be exchanged on a pro rata basis for an aggregate of up to 13,640,000 common shares in the capital of Trees and an aggregate of up to 6,820,000 warrants to purchase Trees Shares exercisable at a price of CAD 0.11 per share until December 31, 2024 on the basis of the share exchange ratio and warrant exchange ratio set out in the Amalgamation Agreement, respectively. Miraculo will amalgamate with 1000101203 Ontario Inc. to form an amalgamated entity (“Amalco”) in order to carry out a three cornered amalgamation whereby Trees Corporation will acquire all of the issued and outstanding shares of Miraculo. Subject to the closing of the agreement, the leadership team of the Trees Corporation is expected to be as follows: Jeffrey Holmgren – President, Chief Financial Officer and Director, Michael Klein – Chief Executive Officer and Director, James Ward – Director, Fraser Clarke – Director and G. Scott Paterson – Director. Trees Corporation also announces the resignation of Jonathan Conquergood from his role as Chief Executive Officer and director of Trees effective February 7, 2022. The closing of the transactions contemplated by the Agreement are subject to a number of customary closing conditions including, but not limited to, approval by the Miraculo Shareholders and approval of the NEO Exchange Inc. In connection with the Amalgamation, among other matters, Trees Corporation will enter into: (i) a warrant indenture with Odyssey Trust Company (“Odyssey”), as warrant agent to govern the terms of the Trees Warrants; (ii) an escrow agreement (the “Escrow Agreement”) with a representative of the Miraculo Shareholders and Odyssey, as escrow agent, whereby the Trees Corporation Shares issued to Miraculo Shareholders are to be deposited into escrow and released in accordance with the terms of the Escrow Agreement; and (iii) voting support agreements with each director and officer of Miraculo in connection with the Amalgamation.お知らせ • Feb 08+ 2 more updatesTrees Corporation to Appoint Jeffrey Holmgren as Chief Financial OfficerTrees Corporation announced, among other things, that it has entered into a definitive agreement with Miraculo Inc. ("Miraculo") pursuant to which Miraculo will amalgamate with 1000101203 Ontario Inc., a wholly-owned subsidiary of the Company, to form an amalgamated entity ("Amalco") in order to carry out a three-cornered amalgamation (the "Amalgamation") whereby Trees will acquire all of the issued and outstanding shares of Miraculo ("Miraculo Shares").Subject to the closing of the Amalgamation, the leadership team of the Company is expected to be as follows: Jeffrey Holmgren – President, Chief Financial Officer and Director.お知らせ • Feb 02Trees Corporation Announces the Resignations of Meysam Soltani and Scott Cunningham from Their Role as DirectorsTrees Corporation announced the resignations of Meysam Soltani and Scott Cunningham from their role as directors of the Company with immediate effect.決済の安定と成長配当データの取得安定した配当: TREEの 1 株当たり配当が過去に安定していたかどうかを判断するにはデータが不十分です。増加する配当: TREEの配当金が増加しているかどうかを判断するにはデータが不十分です。配当利回り対市場Trees 配当利回り対市場TREE 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (TREE)n/a市場下位25% (CA)1.7%市場トップ25% (CA)5.4%業界平均 (Consumer Retailing)1.2%アナリスト予想 (TREE) (最長3年)n/a注目すべき配当: TREEは最近配当金を報告していないため、配当金支払者の下位 25% に対して同社の配当利回りを評価することはできません。高配当: TREEは最近配当金を報告していないため、配当金支払者の上位 25% に対して同社の配当利回りを評価することはできません。株主への利益配当収益カバレッジ: TREEの 配当性向 を計算して配当金の支払いが利益で賄われているかどうかを判断するにはデータが不十分です。株主配当金キャッシュフローカバレッジ: TREEが配当金を報告していないため、配当金の持続可能性を計算できません。高配当企業の発掘7D1Y7D1Y7D1YCA 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/02/25 01:26終値2023/12/01 00:00収益2023/09/30年間収益2023/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Trees Corporation これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • Nov 16Second quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.006 loss in 2Q 2023)Second quarter 2024 results: CA$0.003 loss per share (improved from CA$0.006 loss in 2Q 2023). Revenue: CA$4.56m (up 73% from 2Q 2023). Net loss: CA$640.7k (loss narrowed 32% from 2Q 2023).
Board Change • Oct 19Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Board Change • Oct 03Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Sep 16Trees Corporation, Annual General Meeting, Nov 09, 2023Trees Corporation, Annual General Meeting, Nov 09, 2023.
Reported Earnings • Aug 17First quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.006 loss in 1Q 2023)First quarter 2024 results: CA$0.003 loss per share (improved from CA$0.006 loss in 1Q 2023). Revenue: CA$4.16m (up 98% from 1Q 2023). Net loss: CA$555.6k (loss narrowed 20% from 1Q 2023).
New Risk • Jul 02New major risk - Negative shareholders equityThe company has negative equity. Total equity: -CA$239k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$931k free cash flow). Share price has been highly volatile over the past 3 months (62% average weekly change). Negative equity (-CA$239k). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (CA$813.6k market cap, or US$614.1k). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding).
Reported Earnings • Jul 01Full year 2023 earnings released: CA$0.072 loss per share (vs CA$0.39 loss in FY 2022)Full year 2023 results: CA$0.072 loss per share (improved from CA$0.39 loss in FY 2022). Revenue: CA$9.61m (up 66% from FY 2022). Net loss: CA$9.98m (loss narrowed 12% from FY 2022).
お知らせ • Nov 29Trees Corporation announced that it has received CAD 0.945 million in fundingOn November 28, 2022, Trees Corporation closed the transaction. The company issued 745 units for gross proceeds of CAD 745,000 in its second and final tranche. The company has received CAD 945,000 in funding in the transaction.
Reported Earnings • Nov 17Third quarter 2022 earnings released: CA$0.006 loss per share (vs CA$26.43 profit in 3Q 2021)Third quarter 2022 results: CA$0.006 loss per share (down from CA$26.43 profit in 3Q 2021). Net loss: CA$935.1k (down 114% from profit in 3Q 2021).
Board Change • Nov 17Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Nov 09Trees Corporation, Annual General Meeting, Dec 15, 2022Trees Corporation, Annual General Meeting, Dec 15, 2022.
Board Change • Oct 04Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • Sep 20+ 1 more updateTrees Corporation Announces CEO ChangesTrees Corporation announced that Campbell Becher has been appointed as interim chief executive officer of the company in response to the receipt of resignation from Michael Klein as CEO of the company for personal reasons. Mr. Becher (newly appointed interim CEO), who joined the board of directors of the company on June 16, 2022 with over 20 years of investment banking and capital markets experience.
お知らせ • Sep 10Trees Corporation Announces Resignation of Lisa Dea as Board of DirectorsTrees Corporation announced that Lisa Dea has resigned from the board of directors of the company for personal reasons.
お知らせ • Sep 03Trees Corporation (NEOE:TREE) acquired Trees Cannabis Locations of 1015712 B.C. Ltd.Trees Corporation (NEOE:TREE) entered into an asset purchase agreement to acquire Trees Cannabis Locations of 1015712 B.C. Ltd. on March 2, 2021. Trees Corporation will continue to operate these stores under the Trees Cannabis brand. The transaction will be completed upon the satisfaction of certain conditions, including all approvals from the Liquor and Cannabis Regulation Branch of British Columbia. On March 24, 2022 the Company and 101 agreed to separate the terms of the transaction into two components – a share purchase component (the "Trees IP Purchase"), which is governed by the terms of a share purchase agreement dated March 24, 2022 among the Company, 101 and 11391461 Canada Ltd. ("TreesAcquireCo") (the "Trees IP SPA"), and an asset purchase component (the "Retail Store Purchase") which is governed by the terms of an amended and restated asset purchase agreement entered into immediately following the closing of the Trees IP Purchase (the "Retail Store APA"). Pursuant to the Trees IP SPA, on March 24, 2022, the Company acquired all of the issued and outstanding securities of TreesAcquireCo, a company holding the "Trees" registered trademarks, including logos (the "Trees IP") in exchange for 5,933,333 Common Shares. On closing of the Trees IP Purchase, 101 and TreesAcquireCo entered into a licensing agreement pursuant to which TreesAcquireCo has agreed to license, until the closing of the Retail Store Purchase, the Trees IP to 101 in exchange for an accruing royalty earned on gross retail sales from all of the operating retail cannabis stores subject to the Retail Store APA. In addition, the 101 Note was amended on the 101 SPA Closing Date to encompass all indebtedness owing by 101 to Trees, to add additional covenants, guarantees and default provisions and to provide that the 101 Note was no longer forgivable (the "Amended 101 Note"). The Retail Store APA contemplates that the five (5) retail cannabis stores will be conveyed to TreesAcquireCo upon the satisfaction of all conditions precedent, including receipt of LCRB licensing approval. The purchase price paid for the assets will be equal to the amount outstanding under the Amended 101 Note on the date of closing and will be satisfied by the issuance by TreesAcquireCo of a note in favour of 101. The transaction is subject to customary closing conditions. Melanie Cole of Aird & Berlis LLP acted as legal advisor to Trees. Trees Corporation (NEOE:TREE) acquired Trees Cannabis Locations of 1015712 B.C. Ltd on September 2, 2022. Until such time as the transactions contemplated by the APA close, the 5 stores will continue to operate as Trees Cannabis locations in accordance with the previously disclosed brand license agreement between the parties.
Reported Earnings • Aug 19Second quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.34 loss in 2Q 2021)Second quarter 2022 results: CA$0.006 loss per share (up from CA$0.34 loss in 2Q 2021). Revenue: CA$2.16m (up 160% from 2Q 2021). Net loss: CA$689.9k (loss narrowed 74% from 2Q 2021).
お知らせ • Aug 05Trees Corporation Provides Sales Guidance for the Second Quarter Ended June 30, 2022Trees Corporation provided sales guidance for the second quarter ended June 30, 2022. for the quarter, the company expects system-wide sales of approximately $3.1 million (a 13% increase over the prior quarter).
お知らせ • Jul 24Trees Corporation, Annual General Meeting, Sep 28, 2022Trees Corporation, Annual General Meeting, Sep 28, 2022.
Board Change • Jul 14Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Chairman of Board of Directors Fraser Clarke is the most experienced director on the board, commencing their role in 2020. Independent Director Gordon Paterson was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • May 10Trees Corporation announced that it has received CAD 1.025 million in fundingTrees Corporation announced a non-brokered private placement of 34,166,665 units at a price of $0.03 per unit for gross proceeds of CAD 1,025,000 on May 9, 2022. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of CAD 0.05 per share for a period of two years from the date of issuance, subject to an accelerated expiry date at the option of the company in the event that the closing price of the common shares on the facilities of the Neo Exchange Inc. is greater than CAD 0.20 for ten non-consecutive trading days. Certain directors of the company purchased an aggregate of 6,100,000 units under the private placement. The company paid a finder CAD 14,000 in cash commission and issued certain finders an aggregate of 1,866,666 units in lieu of a cash commission and issued an aggregate of 1,866,666 broker warrants, where each broker warrant entitles the holder thereof to acquire one unit at a price of CAD 0.03 for a period of two years from the date of issuance, subject to acceleration. The securities issued are subject to a hold period expiring September 7, 2022 in accordance with applicable Canadian securities law.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Lisa Dea was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 09Trees Corporation (NEOE:TREE) entered into a definitive agreement to acquire Miraculo Inc. for CAD 2 million.Trees Corporation (NEOE:TREE) entered into a definitive agreement to acquire Miraculo Inc. for CAD 2 million on February 7, 2022. Pursuant to the agreement, each common share in the capital of 1000101203 Ontario Inc. will be exchanged for one common share in the capital of Amalco. The Miraculo Shares held by the shareholders of Miraculo will be exchanged on a pro rata basis for an aggregate of up to 13,640,000 common shares in the capital of Trees and an aggregate of up to 6,820,000 warrants to purchase Trees Shares exercisable at a price of CAD 0.11 per share until December 31, 2024 on the basis of the share exchange ratio and warrant exchange ratio set out in the Amalgamation Agreement, respectively. Miraculo will amalgamate with 1000101203 Ontario Inc. to form an amalgamated entity (“Amalco”) in order to carry out a three cornered amalgamation whereby Trees Corporation will acquire all of the issued and outstanding shares of Miraculo. Subject to the closing of the agreement, the leadership team of the Trees Corporation is expected to be as follows: Jeffrey Holmgren – President, Chief Financial Officer and Director, Michael Klein – Chief Executive Officer and Director, James Ward – Director, Fraser Clarke – Director and G. Scott Paterson – Director. Trees Corporation also announces the resignation of Jonathan Conquergood from his role as Chief Executive Officer and director of Trees effective February 7, 2022. The closing of the transactions contemplated by the Agreement are subject to a number of customary closing conditions including, but not limited to, approval by the Miraculo Shareholders and approval of the NEO Exchange Inc. In connection with the Amalgamation, among other matters, Trees Corporation will enter into: (i) a warrant indenture with Odyssey Trust Company (“Odyssey”), as warrant agent to govern the terms of the Trees Warrants; (ii) an escrow agreement (the “Escrow Agreement”) with a representative of the Miraculo Shareholders and Odyssey, as escrow agent, whereby the Trees Corporation Shares issued to Miraculo Shareholders are to be deposited into escrow and released in accordance with the terms of the Escrow Agreement; and (iii) voting support agreements with each director and officer of Miraculo in connection with the Amalgamation.
お知らせ • Feb 08+ 2 more updatesTrees Corporation to Appoint Jeffrey Holmgren as Chief Financial OfficerTrees Corporation announced, among other things, that it has entered into a definitive agreement with Miraculo Inc. ("Miraculo") pursuant to which Miraculo will amalgamate with 1000101203 Ontario Inc., a wholly-owned subsidiary of the Company, to form an amalgamated entity ("Amalco") in order to carry out a three-cornered amalgamation (the "Amalgamation") whereby Trees will acquire all of the issued and outstanding shares of Miraculo ("Miraculo Shares").Subject to the closing of the Amalgamation, the leadership team of the Company is expected to be as follows: Jeffrey Holmgren – President, Chief Financial Officer and Director.
お知らせ • Feb 02Trees Corporation Announces the Resignations of Meysam Soltani and Scott Cunningham from Their Role as DirectorsTrees Corporation announced the resignations of Meysam Soltani and Scott Cunningham from their role as directors of the Company with immediate effect.