Trees Corporation (OTCPK : CANN) entered into an agreement to acquire Substantially All of the Assets of the Green Tree Entities from Ancient Alternatives LLC, Natural Alternatives For Life, LLC, Mountainside Industries, LLC, Hillside Enterprises, LLC and GT Creations, LLC.

Trees Corporation (OTCPK : CANN) entered into an agreement to acquire Substantially All of the Assets of the Green Tree Entities from Ancient Alternatives LLC, Natural Alternatives For Life, LLC, Mountainside Industries, LLC, Hillside Enterprises, LLC and GT Creations, LLC on September 13, 2022. Acquisition consists of cash equal to $500,000 payable at closing; 17,977,528 shares of Trees Corporation common stock, par value $0.01 per share, deliverable at closing; and an additional $3,500,000 in cash commencing on the 9-month anniversary of the closing. The acquisition is expected to close in the fourth quarter of 2022.

Transaction is subject to Governmental Approval. Cruz-Abrams Seigel LLC acted as legal advisor to Cruz-Abrams Seigel LLC.