TREES (OTCMKTS:CANN) Stock Passes Below 50 Day Moving Average – Here’s What Happened

TREES Corporation (OTCMKTS:CANNGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.03 and traded as low as $0.0015. TREES shares last traded at $0.02, with a volume of 558,842 shares traded.

TREES Stock Performance

The firm has a market cap of $2.30 million, a P/E ratio of -1.00 and a beta of -0.45. The company has a 50-day moving average of $0.03 and a 200 day moving average of $0.03.

TREES (OTCMKTS:CANNGet Free Report) last posted its earnings results on Friday, May 15th. The company reported $999.00 EPS for the quarter.

About TREES

(Get Free Report)

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.

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