TREES Corporation (CANN)

[Alan Brochstein]

There are 19mm shares outstanding but 35.1mm shares on a fully diluted basis, including the the remaining warrants and the options (all of which have exercise prices well below the current price). I am not sure of the logic in dismissing shares held by insiders. They can and do sell them here! Frichtel and Boockvar proved that.

If all of the warrants and options were exercised, it would add cash of about $15mm, which could be used to pay off the debt and do some acquisitions, though the exercising of those derivatives would likely pressure the stock. I would like to see them do a smart acquisition if they do raise that capital. So far, none of the buys has really proven to be accretive to the value of the company. Feinsod is a sharp guy, so maybe he will get it right eventually.