TREES CORPORATION ANNOUNCES TERMINATION OF BUSINESS COMBINATION AGREEMENT
TORONTO – Trees Corporation (CBOE: TREE) announces, further to the Company’s press release dated July 13, 2023, that 420 Investments Ltd. (“420”) has unilaterally terminated the business combination agreement dated July 12, 2023, entered into between the Company and 420 (the “BCA”), effective as of November 2, 2023.The Company reserves all of its rights against 420 with regard to the unilateral termination by 420 of the BCA. The board of directors of the Company intends to undertake a comprehensive review to identify and consider a range of alternatives and their potential to enhance shareholder value. These alternatives could include, but are not limited to, a merger or business combination with another party, an asset sale, a strategic partnership or any combination of the foregoing. The Company does not intend to set a definite schedule to complete its evaluation process and cautions that there are no assurances or guarantees that the process will result in a transaction,...