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General Cannabis d/b/a TREES Closes Acquisition of TREES Portland, TREES Waterfront & TREES Mlk; Acquisition Adds to the TREES Retail Footprint With Expansion in Oregon

General Cannabis d/b/a TREES Closes Acquisition of TREES Portland, TREES Waterfront & TREES Mlk; Acquisition Adds to the TREES Retail Footprint With Expansion in Oregon

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DENVER, Jan. 06, 2022 (GLOBE NEWSWIRE) — General Cannabis Corp d/b/a TREES (OTCQB: CANN) (“TREES” or “the Company”) is pleased to announce the closing of the acquisition of the “TREES” Oregon dispensaries. Total consideration for the acquisition of the three licenses and related assets in Portland, Oregon was $1,470,405 in cash and 11,394,229 shares issued at $0.89 per share.

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