General Cannabis Corp. announced a change in the composition of its Board of Directors, as its three independent Directors—Peter Boockvar, Mark Green and Seth Oster—have decided to step down after nearly a decade of collective service on the Board. The Board has elected Carl Williams, Richard Travia and Barker Dalton to replace Boockvar, Green and Oster. Williams, who will become Chairman of the Board and an independent director, has extensive company building experience, having lead private and public companies for over 30 years. Travia, who will join as an inpedendent director, brings an extensive background in finance and investment management within private and public companies. Dalton, who will join as a director, has built an expansive reputation within the cannabis industry as Founder and Managing Director of SevenFive Farm, Boulder County’s first purpose-built cannabis greenhouse facility, which General Cannabis Corp. acquired in May 2020 in an equity deal that established Dalton as one of the company’s largest shareholders. Mr. Williams’ career in financial services includes several high profile industry positions. He was the Chairman and CEO of Planet Payment. Mr. Travia is an experienced cannabis investor and company builder who founded Wildcat Advisory Group and Wildcat Investment Management. Mr. Dalton is the Founder and Managing Director at SevenFive Farm, Boulder County’s first purpose-built cannabis greenhouse facility.
TREES Corporation is a cannabis retailer and cultivator in the States of Colorado and Oregon. The Company operates through two segments: Retail and Cultivation. It operates about six cannabis dispensaries, which includes Englewood Dispensary, Longmont Dispensary, Hampden Dispensary, 102nd Street Dispensary, Waterfront Dispensary, and MLK Dispensary. It also operates two cultivation facilities in Colorado, such as SevenFive Cultivation Facility and Hillside Cultivation Facility. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility. Its dispensaries carry a variety of classic and boutique flower strains, concentrates, cartridges, edibles, drinkables, and smoking accessories. Its subsidiaries include Green Man Cannabis, LLC, Green Tree Colorado LLC, GT Cultivation LLC, SevenFive Farms, LLC, SevenFive Farms Cultivation, LLC, General Cannabis Capital Corporation, and Standard Cann, Inc., among others.