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Trees Corp. subsidiary acquiring Camp Cannabis retail stores in Ontario

Trees Corp. has announced that its wholly-owned indirect subsidiary, OCH Ontario Consulting Corp, has agreed to acquire all of the issued and outstanding shares of Barnard Cann Ltd., which is operating as Camp Cannabis, for $780,000.

In a March 28 news release, Trees Corp. officials said that Camp Cannabis owns and operates licensed retail cannabis businesses at three locations in Burlington, Milton, and Kanata, Ontario, with a fourth location in Gloucester expected to open soon.

“Camp locations across Ontario allow the Trees brand to expand our retail footprint as we build upon our strategy of being best at engaging the ‘cannabis curious’ consumer,” Trees Corp. CEO Michael Klein said in the news release.

“The definitive agreement with Camp is a crucial step and the beginning of our planned growth strategy through accretive consolidation,” Trees Corp. president and CFO Jeff Holmgren added.

Trees Corp. is an independent retail cannabis operator with 11 Trees branded storefronts in Canada, including seven stores owned and operated in Ontario and four stores operated in British Columbia.