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Trees (CANN) Gross Property, Plant and Equipment : $4.05 Mil (As of Dec. 2023)


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What is Trees Gross Property, Plant and Equipment?

Trees's quarterly gross PPE declined from Jun. 2023 ($4.92 Mil) to Sep. 2023 ($4.69 Mil) and declined from Sep. 2023 ($4.69 Mil) to Dec. 2023 ($4.05 Mil).

Trees's annual gross PPE increased from Dec. 2021 ($4.12 Mil) to Dec. 2022 ($6.22 Mil) but then declined from Dec. 2022 ($6.22 Mil) to Dec. 2023 ($4.05 Mil).


Trees Gross Property, Plant and Equipment Historical Data

The historical data trend for Trees's Gross Property, Plant and Equipment can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Trees Gross Property, Plant and Equipment Chart

Trees Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.76 2.46 4.12 6.22 4.05

Trees Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.22 5.92 4.92 4.69 4.05

Trees Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Trees  (OTCPK:CANN) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Trees Gross Property, Plant and Equipment Related Terms

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Trees (CANN) Business Description

Industry
Traded in Other Exchanges
N/A
Address
215 Union Boulevard, Suite 415, Lakewood, CO, USA, 80228
Trees Corp is a vertically-integrated cannabis company and multi-state operator in the United States. It has two segments Retail and Cultivation. It is pursuing a roll-up plan of licensed assets in mature markets while maintaining loyal, local customer bases. TREES owns and operates a light-deprivation greenhouse and a campus of indoor cultivation facilities in Boulder, dispensaries in Englewood, Longmont and Berthoud, Colorado and three dispensaries in Portland, Oregon.
Executives
Carl J Williams director 10 GLENLAKE PARKWAY, NORTH TOWER, ATLANTA GA 30189
Richard C. Travia director 6565 E. EVANS AVENUE, DENVER CO 80224
Allyson Feiler Downing director 3556 W 62ND AVENUE, DENVER CO 80221
Timothy Earl Brown director, 10 percent owner 2301 W 30TH AVENUE, DENVER CO 80211
Diane Jones officer: CHIEF FINANCIAL OFFICER 6565 E. EVANS AVENUE, DENVER CO 80224
Seth Oster director C/O GENERAL CANNABIS CORP, 6565 EAST EVANS AVENUE, DENVER CO 80224
Mark D. Green director C/O GENERAL CANNABIS CORP, 6565 EAST EVANS AVENUE, DENVER CO 80224
Peter Boockvar director C/O MILLER TABAK + CO.,, 331 MADISON AVENUE, NEW YORK NY 10017
John Barker Dalton director, 10 percent owner 6565 E. EVANS AVENUE, DENVER CO 80224
Adam Hershey 10 percent owner 140 RIVERSIDE BOULEVARD, APT 2302, NEW YORK NY 10069
Hershey Strategic Capital, Lp 10 percent owner C/O HERSHEY STRATEGIC CAPITAL GP, LLC, 6 POMPANO ROAD, RUMSON NJ 07760
Hershey Management I, Llc. 10 percent owner 888 7TH AVENUE, 17TH FLOOR, NEW YORK NY 10019
Hershey Strategic Capital Gp, Llc 10 percent owner 888 7TH AVENUE, 17TH FLOOR, NEW YORK NY 10019
Shore Ventures Iii, Lp 10 percent owner C/O HERSHEY MANAGEMENT IV, LLC, 6 POMPANO ROAD, RUMSON NJ 07760
Hershey Management Iv, Llc 10 percent owner 6 POMPANO ROAD, RUMSON NJ 07760