TREES CORPORATION (OTCQB: CANN) has signed definitive documents to acquire the Green Tree Longmont and Green Tree Berthoud dispensaries in the state of Colorado, over 34,000 square feet of grow operations, and a state of the art manufacturing facility. This acquisition will add to the company’s current footprint in Colorado and will bring its total number of Colorado dispensaries to 4 along with 3 operational stores in Oregon, for a total of 7 retail dispensaries.

The acquisition is expected to generate more than $10 million of revenue with strong EBITDA margins within the TREES platform. Trees will acquire Green Tree for a combination of cash and stock. The company is in the process of submitting the change of ownership application with the Colorado Marijuana Enforcement Division for all …

Full story available on Benzinga.com