January 11, 2022

Trees Corporation says its common shares start trading on the Neo Exchange under the symbol “TREE”

The independent retail cannabis operator has ten Trees branded storefronts in Canada, including six stores owned and operated in Ontario by Trees, and four additional stores operated by 1015712 B.C. Ltd in British Columbia

Trees Corporation -

Trees becomes the first company to make its public market debut on the NEO Exchange in 2022, joining a growing list of cannabis issuers

Trees Corporation (NEO:TREE) told investors its common shares have started trading on the NEO Exchange on January 11, 2022, under the symbol TREE.

The independent retail cannabis operator has ten Trees branded storefronts in Canada, including six stores owned and operated in Ontario by Trees, and four additional stores operated by 1015712 B.C. Ltd in British Columbia.

“We expect 2022 to be an exciting year, beginning with this public listing milestone and followed by a growth strategy with an aim of securing Trees as a leading national cannabis retailer with a highly differentiated approach to serving the needs of cannabis consumers across the user profile spectrum,” CEO Jon Conquergood said in a statement. 

Trees noted that the NEO Exchange is home to almost 200 unique listings, including some of the most innovative Canadian and international growth companies, and exchange-traded funds (ETFs) from Canada’s largest ETF issuers. NEO consistently facilitates close to 15% of all Canadian trading volume.

The company said it becomes the first company to make its public markets debut on the NEO Exchange in 2022, joining a growing list of cannabis issuers. 

“Investors in this segment have become increasingly discerning and we believe Trees will demonstrate – through sound execution and prudent management – an ability to grow and achieve scale by capitalizing on the extensive and accretive growth opportunities prevalent in the market today,” Chief Financial Officer Jeff Holmgren added.

Contact the author at stephen.gunnion@proactiveinvestors.com