General Cannabis to Create Retail Footprint by Acquiring Trees Dispensaries
Press release content from Globe Newswire. The AP news staff was not involved in its creation. General Cannabis to Create Retail Footprint by Acquiring Trees Dispensaries General Cannabis CorpApril 21, 2021 GMT Once complete, the acquisition will add 2 retail locations in Colorado and 3 in Oregon, bring on a seasoned retail team, and create vertical integration in Colorado. Upon closing, consolidated revenue is expected to triple. The Company expects to be cash flow positive as all retail locations open and ramp. Total consideration for the transaction is $39.5 million, payable 13% in cash an...
Source: apnews.com