TREES Corp — Cyborg Score 3/10

Challenged
Cannabis retail and cultivation

Strategic Profile

TREES operates approximately six cannabis dispensaries across Colorado and two cultivation facilities, including the SevenFive Cultivation Facility. As of September 2022, the company closed a $13.5 million Senior Secured Convertible Note offering to support capital expenditures and acquisitions in Colorado.

Cyborg Score Rationale

As of May 29, 2026, the company had a market cap of approximately $2 million and traded at $0.02 per share on the OTC Market. The company faces significant capital constraints and operates in a highly competitive, heavily regulated cannabis market with substantial execution risks.

Top Insights

  • TREES was one of the first public companies to receive a Suitability Approval from the Colorado Marijuana Enforcement Division to acquire licensed cultivation, manufacturing and retail operations assets.
  • The company's dispensaries carry classic and boutique flower strains, concentrates, cartridges, edibles, drinkables, and smoking accessories.
  • TREES has been growing high-quality cannabis since 2015 as a Boulder, Colorado original.
  • The company's market valuation of ~$2M and OTC status reflect investor skepticism regarding execution and profitability in the competitive cannabis retail sector.

Named Competitors

  • Trulieve Cannabis — Leading U.S. cannabis retailer with largest dispensary footprint
  • Curaleaf — Multi-state cannabis operator with retail and cultivation assets
  • Colorado Cannabis — Regional and local Colorado-based cannabis dispensaries

Recent Developments

  • (September 2022) Closed $13.5M Senior Secured Convertible Note offering with 12% interest
  • (2022) Completed acquisitions of multiple dispensaries including Green Man Cannabis in Denver metro area
  • (May 2026) Stock trading at approximately $0.0014 per share with ~$2M market capitalization

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