TREES (OTCMKTS:CANN) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

TREES Corporation (OTCMKTS:CANNGet Free Report)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.02 and traded as high as $0.0230. TREES shares last traded at $0.0167, with a volume of 16,759 shares changing hands.

TREES Stock Down 6.6%

The business has a fifty day moving average price of $0.02 and a 200-day moving average price of $0.02. The company has a market cap of $1.80 million, a P/E ratio of -0.78 and a beta of -0.51.

TREES Company Profile

(Get Free Report)

Trees Corporation provides products and services to the regulated cannabis industry in the United States. The company operates through Retail and Cultivation segments. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility; and retail dispensary store in Englewood, Colorado, as well as retail stores in Portland, Oregon. The company was formerly known as General Cannabis Corp. and changed its name to Trees Corporation in June 2022. Trees Corporation was incorporated in 2013 and is headquartered in Lakewood, Colorado.

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