Mr. Jeffrey Holmgren reports

TREES REPORTS RECORD SECOND QUARTER FINANCIAL RESULTS

Trees Corp. has released its second quarter financial results for the three- and six-month periods ended Sept. 30, 2023.

Consolidated financial statements and management discussion and analysis

The results disclosed herein are a summary and are qualified in their entirety by reference to the company's condensed interim consolidated financial statements and accompanying notes for three- and six-month periods ended Sept. 30, 2023, and the 15-month period ended March 31, 2023, and related management's discussion and analysis of financial condition and results of operations, copies of which are available under the company's profile on SEDAR and the company's investor relations website.

About Trees Corp.

Trees is a cannabis company at the intersection of community, content and commerce. Publicly traded on the Cboe Exchange, Trees offers a differentiated retail experience that aims to educate, amplify and unlock emerging consumer segments and need states that allows Trees to uniquely engage the 360-cannabis consumer. The company currently has 13 Trees-branded storefronts in Canada, including nine stores owned and operated in Ontario, and four stores owned and operated in British Columbia.