 DENVER, Sept. 13, 2021 GLOBE NEWSWIRE -- General Cannabis Corp. dba TREES OTCQB: CANN TREES or the Company, a vertically integrated licensed cannabis operator, is pleased to announce that it has completed the sale of 1,180 Units of Series A Convertible Preferred Equity. Each Unit consists of one share of Series A Convertible Preferred Stock convertible into 1,000 shares of the Companys Common Stock and 300 warrants. The conversion price of the Common Stock at the time of conversion is 1.00 per share, a meaningful premium to the current market price of the Common Stock. The total gross proceeds of the offering was 1,180,000. 