Trees Management
Management criteria checks 3/4
Trees' CEO is Adam Hershey, appointed in May 2021, has a tenure of 3.5 years. total yearly compensation is $142.36K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 2.51% of the company’s shares, worth $152.26K. The average tenure of the management team and the board of directors is 3.2 years and 4.2 years respectively.
Key information
Adam Hershey
Chief executive officer
US$142.4k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 3.5yrs |
| CEO ownership | 2.5% |
| Management average tenure | 3.2yrs |
| Board average tenure | 4.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -US$6m |
| Mar 31 2024 | n/a | n/a | -US$7m |
| Dec 31 2023 | US$142k | US$142k | -US$7m |
| Sep 30 2023 | n/a | n/a | -US$10m |
| Jun 30 2023 | n/a | n/a | -US$12m |
| Mar 31 2023 | n/a | n/a | -US$11m |
| Dec 31 2022 | US$135k | US$125k | -US$10m |
| Sep 30 2022 | n/a | n/a | -US$8m |
| Jun 30 2022 | n/a | n/a | -US$6m |
| Mar 31 2022 | n/a | n/a | -US$7m |
| Dec 31 2021 | US$67k | US$67k | -US$8m |
| Sep 30 2021 | n/a | n/a | -US$9m |
| Jun 30 2021 | n/a | n/a | -US$8m |
| Mar 31 2021 | n/a | n/a | -US$9m |
| Dec 31 2020 | US$58k | n/a | -US$8m |
Compensation vs Market: Adam's total compensation ($USD142.36K) is below average for companies of similar size in the US market ($USD655.65K).
Compensation vs Earnings: Adam's compensation has increased whilst the company is unprofitable.
CEO
Adam Hershey (51 yo)
3.5yrs
Tenure
US$142,358
Compensation
Mr. Adam L. Hershey serves as a Director of Trees Corporation (formerly known as General Cannabis Corp)oration since July 13, 2020, has been its Interim Chief Executive Officer since May 7, 2021 and served...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim CEO & Director | 3.5yrs | US$142.36k | 2.51% $ 152.3k | |
| Interim CFO | 2.2yrs | US$200.00k | 0.28% $ 16.7k | |
| Chief Visionary Officer | 3.2yrs | US$171.84k | no data | |
| Vice President of Administration | 3.2yrs | no data | no data | |
| Chief Compliance Officer | 2.2yrs | no data | 6.33% $ 384.3k | |
| Chief Marketing Officer | 1.9yrs | no data | 6.54% $ 396.8k | |
| Managing Director of Chiefton Supply | 5.8yrs | no data | no data | |
| President of Retail Operations | 3.2yrs | no data | no data | |
| Senior Vice President of Operations | no data | no data | no data |
3.2yrs
Average Tenure
44.5yo
Average Age
Experienced Management: CANN's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim CEO & Director | 4.3yrs | US$142.36k | 2.51% $ 152.3k | |
| Independent Chairman | 4.2yrs | US$38.50k | 0% $ 0 | |
| Lead Independent Director | 4.2yrs | US$38.50k | 0.018% $ 1.1k |
4.2yrs
Average Tenure
51yo
Average Age
Experienced Board: CANN's board of directors are considered experienced (4.2 years average tenure).