General Cannabis ( (CANN) ) has shared an announcement.
On January 31, 2025, General Cannabis, through Trees Colorado LLC, agreed to acquire Chronic Therapy, a dispensary in Wheat Ridge, Colorado, for $1,750,000. The acquisition includes a new lease agreement contingent on regulatory approval, highlighting a strategic expansion in the cannabis market. Additionally, on February 1, 2025, Mikayla Gilbert was promoted to Chief Financial Officer, replacing Edward Myers, marking a significant leadership change within the company.
More about General Cannabis
General Cannabis operates in the cannabis industry, providing services through its subsidiary Trees Colorado LLC, which focuses on acquiring licensed dispensaries.
YTD Price Performance: 25.00%
Average Trading Volume: 120,514
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.79M
See more data about CANN stock on TipRanks’ Stock Analysis page.