CANN TREES Corp (Colorado)

Overview and Growth

Fiscal 2023 results for TREES Corp (Colorado) combined $18.14M of revenue with net loss of $7.08M and an operating cash outflow of $1.13M. At $18.14M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 34.9% above fiscal 2022 revenue of $13.44M, marking a year-over-year increase. Diluted earnings per share were -$0.06, translating the period’s attributable earnings into the amount reported for each diluted share. A diluted share base of 117.20M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The company employed $23.25M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.78x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $6.57M as gross profit before recognizing operating expenses and other items. Gross margin was 36.2%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was an operating loss of $3.97M, reflecting costs that exceeded gross profit. The operating loss equaled 21.9% of revenue, showing the scale of the operating deficit relative to sales. The bottom-line result was a net loss of $7.08M after operating, financing, tax, and other recognized items. The net loss equaled 39.0% of revenue, showing the bottom-line deficit relative to the company’s sales base. Negative EBITDA totaled $3.10M, confirming that the earnings deficit remained before depreciation and amortization. Before income taxes, the company recorded a loss of $6.89M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 38.0%. The reported income-tax provision was $187.85K, the amount recognized between pretax income and the final net-income result. Relative to total assets, the net loss represented 30.5%. The bottom-line deficit decreased from $9.48M in fiscal 2022 to $7.08M.

Liquidity and Capital Structure

The company held $23.25M of assets against $23.10M of liabilities and $148.16K of equity, revealing how the asset base was financed. At period end, current assets of $2.35M compared with current liabilities of $7.37M, defining the company’s short-term resource position. The current ratio was 0.32x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $969.68K, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 13.2% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $15.11M of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 101.96x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 65.0% of total assets, placing borrowing in the context of the company’s full resource base. Equity equaled 0.6% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 99.4% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 4.2%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 26.7% from $31.69M in fiscal 2022, leaving current total assets lower year over year. Book equity was 97.7% lower than fiscal 2022 equity of $6.41M, showing how shareholder capital changed year over year. Compared with $2.58M in fiscal 2022, the current cash balance moved 62.5% and finished lower.

Cash Flow and Earnings Quality

Operating activities used $1.13M of cash, resulting in an operating cash outflow for the year. Compared with a $2.05M operating cash outflow in fiscal 2022, the current outflow improved to $1.13M.

Based on the annual report for the fiscal year ending Dec 31, 2023. Analysis generated Sep 24, 2026.