Subscribe To

Price Alert Latest News Economic Calendar News

CANN / Trees Corporation reveals record 3Q sales as its profit margins strengthen

Trees Corporation (NEO:TREE.AQN) has announced record third-quarter 2022 sales and system-wide sales of $2.5 million and $3.7 million, respectively, along with 40% year-over-year growth in same-store corporate sales. The Canadian cannabis company said it has increased revenues in the quarter by 60% from the first quarter of 2022, while its total gross profit rose 78% over the same period due to a strengthening retail gross profit margin percentage, which averaged 32% in 3Q compared to 28% in the first quarter of 2022. Read More

Demo Live Account See Partner Details

Content Topics

Trees

Corporation

Reveals

Record

Sales

Profit

Margins

Strengthen

Stock

CANN

Posted: Nov 15 2022, 08:46

Author Name: Proactive Investors

CANN News

By Proactive Investors
August 11, 2023

Trees Corporation sees record quarterly revenue

Canadian cannabis seller Trees Corporation (NEO:TREE.AQN) has unveiled record quarterly financial results, for the period ending June 30, 2023. It rep

By Proactive Investors
July 13, 2023

Trees Corporation announces reverse takeover agreement with 420 Investments

Trees Corporation (NEO:TREE.AQN) said it has entered into an agreement with Calgary-based retail cannabis business 420 Investments to amalgamate throu

By Proactive Investors
June 30, 2023

Trees Corporation reports strong corporate retail sales for 15-month period to March 31, 2023

Trees Corporation (NEO:TREE.AQN) has reported corporate retail sales of $11.5 million during the 15-month period ending on March 31, 2023, with sys

By Proactive Investors
November 28, 2022

Trees Corporation closes private placement ahead of newest cannabis store opening in Ontario

Trees Corporation (NEO:TREE.AQN) said it has closed a financing round to fund the opening of its next cannabis store location. The non-brokered priva

By Proactive Investors
November 15, 2022

Trees Corporation reveals record 3Q sales as its profit margins strengthen

Trees Corporation (NEO:TREE.AQN) has announced record third-quarter 2022 sales and system-wide sales of $2.5 million and $3.7 million, respective

By Proactive Investors
September 2, 2022

Trees Corporation receives license to operate in British Columbia and begins closing its Vancouver Island retail acquisitions

Trees Corporation (NEO:TREE.AQN) has announced that it is now provincially licensed to operate in British Columbia, having received due diligence app

By Proactive Investors
July 20, 2022

Trees Corporation posts record $1.9M monthly sales in June

Trees Corporation (NEO:TREE.AQN) announced that it recorded system-wide sales of $1.9 million in June, which represents a roughly 25% increase in mont

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.