TREES (OTCMKTS:CANN) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

TREES Corporation (OTCMKTS:CANN)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.02 and traded as high as $0.0219. TREES shares last traded at $0.0219, with a volume of 89,507 shares changing hands.

TREES Price Performance

The business has a 50-day moving average of $0.02 and a 200-day moving average of $0.03. The firm has a market cap of $2.44 million, a price-to-earnings ratio of -1.06 and a beta of -0.54.

TREES (OTCMKTS:CANN) last released its earnings results on Friday, May 15th. The company reported $999.00 earnings per share (EPS) for the quarter.

About TREES

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.