DENVER, June 15, 2021 (GLOBE NEWSWIRE) — General Cannabis Corp (OTCQB: CANN) is pleased to announce the submittal of the Change of Ownership License to the Marijuana Enforcement Division (MED) for the Englewood Dispensary location has been made. This brings the company one step closer towards the closing of the Trees acquisition and becoming a vertically integrated operator in Colorado.
Tim Brown, the founder and CEO of Trees said, “With the submittal to the MED for the Englewood location, we feel confident that the closing of the acquisition is within our sights and are prepared to move forward once final approvals are received.”
The transfer of Trees’ other two dispensary licenses in Portland, Oregon is also proceeding, as is the opening of the additional planned dispensaries in Denver and in Portland.
About General Cannabis Corp
General Cannabis Corp is a Colorado-based cannabis company with deep expertise in wholesale and retail operations as well as cultivation consulting. The Company is pursuing a rollup strategy of cannabis assets in mature markets. The Company’s website address is www.generalcann.com. General Cannabis intends to change its name to Trees after the closing of the Trees acquisition, though it will retain its trading symbol CANN.
This press release contains “forward-looking