TREES Corp (Colorado) (CANN) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
215 UNION BOULEVARD LAKEWOOD, CO 80228 |
| State of Incorp. | CO |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5912 - Drug Stores and Proprietary Stores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 970 | 2,584 | 2,054 | 750 | 122 | 7,957 | |||
| Cash and cash equivalents | 970 | 2,584 | 2,054 | 750 | 122 | 7,957 | |||
| Receivables | 112 | 41 | 153 | 678 | 375 | 50 | |||
| Inventory, net of allowances, customer advances and progress billings | 861 | 2,067 | 1,123 | 372 | |||||
| Inventory | 861 | 2,067 | 1,123 | 372 | |||||
| Prepaid expense | 106 | 260 | 149 | 744 | 547 | 441 | |||
| Disposal group, including discontinued operation | 6 | 47 | |||||||
| Asset, held-for-sale, not part of disposal group | 375 | ||||||||
| Other current assets | 21 | ||||||||
| Other undisclosed current assets | 285 | 85 | 539 | ||||||
| Total current assets: | 2,354 | 4,951 | 3,479 | 2,550 | 1,552 | 8,987 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,980 | 3,866 | 3,065 | 1,836 | ✕ | ||||
| Property, plant and equipment | 1,395 | 1,948 | 680 | 455 | 1,507 | 1,463 | |||
| Long-term investments and receivables | 93 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 93 | ||||||||
| Intangible assets, net (including goodwill) | 17,518 | 20,929 | 14,799 | 3,469 | 42 | ||||
| Goodwill | 15,880 | 18,385 | 8,800 | 2,484 | |||||
| Intangible assets, net (excluding goodwill) | 1,637 | 2,544 | 6,000 | 984 | 42 | ||||
| Other undisclosed noncurrent assets | 209 | 349 | 250 | ||||||
| Total noncurrent assets: | 20,893 | 26,743 | 18,545 | 5,969 | 1,950 | 1,755 | |||
| TOTAL ASSETS: | 23,247 | 31,695 | 22,024 | 8,519 | 3,502 | 10,742 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,618 | 1,891 | 1,243 | 1,211 | 1,221 | 526 | |||
| Interest and dividends payable | ✕ | ✕ | 577 | 621 | 17 | 93 | |||
| Taxes payable | ✕ | ✕ | 205 | 37 | 86 | ||||
| Accounts payable | 1,562 | 1,109 | 622 | 1,195 | 879 | 131 | |||
| Accrued liabilities | 1,055 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 212 | 309 | |||||||
| Deferred revenue | 518 | 563 | ✕ | ||||||
| Debt | 1,298 | 1,959 | 1,094 | 2,330 | |||||
| Deferred compensation liability | 61 | 445 | 95 | 81 | |||||
| Derivative instruments and hedges, liabilities | 5 | 6 | 28 | 561 | 4,621 | ||||
| Disposal group, including discontinued operation | 55 | 208 | |||||||
| Other liabilities | 149 | ||||||||
| Other undisclosed current liabilities | 3,445 | 2,224 | 1,271 | 690 | 94 | 5,665 | |||
| Total current liabilities: | 7,365 | 6,140 | 4,081 | 3,130 | 9,266 | 6,191 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 501 | 16,606 | 2,428 | 1,499 | |||||
| Long-term debt, excluding current maturities | 15,900 | ||||||||
| Finance lease, liability | 501 | 707 | ✕ | ||||||
| Liabilities, other than long-term debt | 1,218 | 2,542 | 288 | 290 | |||||
| Due to related parties | ✕ | ✕ | 288 | 290 | |||||
| Operating lease, liability | 1,218 | 2,542 | 2,428 | 1,499 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 14,014 | 5,620 | 2,599 | ||||||
| Total noncurrent liabilities: | 15,734 | 19,148 | 8,336 | 4,388 | |||||
| Total liabilities: | 23,099 | 25,288 | 12,417 | 7,518 | 9,266 | 6,191 | |||
| Equity | |||||||||
| Equity, attributable to parent | 148 | 6,406 | 9,608 | 1,001 | (5,764) | 4,551 | |||
| Preferred stock | 1,073 | 1,073 | 1,073 | ||||||
| Common stock | 109 | 119 | 90 | 61 | 39 | 36 | |||
| Additional paid in capital | 99,450 | 98,599 | 92,265 | 75,891 | 61,468 | 56,303 | |||
| Accumulated deficit | (100,484) | (93,384) | (83,821) | (74,951) | (67,272) | (51,788) | |||
| Total equity: | 148 | 6,406 | 9,608 | 1,001 | (5,764) | 4,551 | |||
| TOTAL LIABILITIES AND EQUITY: | 23,247 | 31,695 | 22,024 | 8,519 | 3,502 | 10,742 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 18,137 | 13,445 | 5,913 | 7,120 | 3,666 | 4,619 | ||
| Cost of revenue | (11,564) | (9,730) | (6,175) | (9,487) | (2,431) | (5,668) | ||
| Cost of goods and services sold | (8,577) | (4,439) | (5,467) | (1,608) | (591) | |||
| Gross profit: | 6,572 | 3,714 | (263) | (2,367) | 1,236 | (1,049) | ||
| Operating expenses | (9,098) | (6,889) | (2,765) | (3,699) | (10,097) | (10,358) | ||
| Other undisclosed operating income (loss) | (1,450) | 14 | ||||||
| Operating loss: | (3,975) | (3,175) | (3,013) | (6,066) | (8,862) | (11,407) | ||
| Nonoperating expense | (2,920) | (6,101) | (5,414) | (1,553) | (4,947) | (5,567) | ||
| Other nonoperating expense | (6,101) | (5,414) | (1,553) | (4,947) | (5,567) | |||
| Interest and debt expense | (218) | (311) | (233) | (1,638) | 32 | (326) | ||
| Loss from continuing operations before equity method investments, income taxes: | (7,113) | (9,586) | (8,661) | (9,257) | (13,776) | (17,300) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 218 | 311 | 233 | 1,638 | ||||
| Loss from continuing operations before income taxes: | (6,894) | (9,276) | (8,427) | (7,619) | (13,776) | (17,300) | ||
| Income tax expense | (188) | |||||||
| Other undisclosed loss from continuing operations | (205) | |||||||
| Loss from continuing operations: | (7,082) | (9,481) | (8,427) | (7,619) | (13,776) | (17,300) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (8,869) | (7,680) | (15,452) | (17,300) | |
| Income (loss) from discontinued operations | 5 | (442) | (61) | (1,676) | ||||
| Other undisclosed net income (loss) | (32) | 326 | ||||||
| Net loss attributable to parent: | (7,082) | (9,475) | (8,869) | (7,680) | (15,484) | (16,974) | ||
| Preferred stock dividends and other adjustments | (18) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (89) | (830) | (2,341) | |||||
| Net loss available to common stockholders, diluted: | (7,100) | (9,564) | (8,869) | (8,510) | (17,825) | (16,974) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (7,082) | (9,475) | (8,869) | (7,680) | (15,484) | (16,974) | ||
| Comprehensive loss, net of tax, attributable to parent: | (7,082) | (9,475) | (8,869) | (7,680) | (15,484) | (16,974) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.