View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 과거 순이익 실적과거 기준 점검 0/6Trees 의 수입은 연평균 -21.2%의 비율로 감소해 온 반면, Consumer Retailing 산업은 연평균 0.2%의 비율로 증가했습니다. 매출은 연평균 54.4%의 비율로 증가해 왔습니다.핵심 정보-21.17%순이익 성장률40.53%주당순이익(EPS) 성장률Consumer Retailing 산업 성장률10.26%매출 성장률54.43%자기자본이익률n/a순이익률-70.31%최근 순이익 업데이트30 Sep 2023최근 과거 실적 업데이트Reported 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).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).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).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).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).모든 업데이트 보기Recent 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.공시 • 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).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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).공시 • 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).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.매출 및 비용 세부 내역Trees가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NEOE:TREE 매출, 비용 및 순이익 (CAD Millions)날짜매출순이익일반관리비연구개발비30 Sep 2314-105030 Jun 2312-105031 Mar 2310-105031 Dec 229-55030 Sep 228-55030 Jun 227-96031 Mar 226-115031 Dec 214-135030 Sep 213-144030 Jun 212-114031 Mar 212-94031 Dec 201-64031 Dec 190000양질의 수익: TREE 은(는) 현재 수익성이 없습니다.이익 마진 증가: TREE는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: TREE은 수익성이 없으며 지난 5년 동안 손실이 연평균 21.2% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 TREE의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: TREE은 수익성이 없어 지난 해 수익 성장률을 Consumer Retailing 업계(7.1%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: TREE의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-retailing 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/02/25 01:26종가2023/12/01 00:00수익2023/09/30연간 수익2023/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Trees Corporation는 0명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
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).
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).
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).
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).
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).
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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.