TREES (OTCMKTS:CANN) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

TREES Corporation (OTCMKTS:CANN) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.03 and traded as low as $0.0266. TREES shares last traded at $0.0277, with a volume of 134,498 shares.

TREES Stock Performance

The stock has a market cap of $3.03 million, a P/E ratio of -1.32 and a beta of -0.48. The company’s fifty day simple moving average is $0.03 and its 200-day simple moving average is $0.04.

TREES Company Profile

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.