---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-023263"
form_type: "8-K"
ticker: null
cik: "0001790665"
company_name: "Greenrose Holding Co Inc."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T15:20:54.371235+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Greenrose subsidiaries enter strict foreclosure; debt accelerated, collateral to be transferred to lenders

## Summary
- On Mar 27, 2023, Theraplant & True Harvest entered Strict Foreclosure Agreement; collateral transferred to NewCo (DXR affiliates) to satisfy ~$155M debt.
- Notice of Acceleration received Mar 25, 2023; all principal, accrued interest, and fees under Credit Agreement declared immediately due and payable.
- TH Obligations set at $20M, Holdings at $5M (if Holdings joins), and CT Real Property Obligations at $4.1M via judicial foreclosure.
- Holdings is not a party initially but may join within 60 days after court rules on board change; if joins, its remaining assets are foreclosed.
- Closings subject to regulatory approvals, mutual release, indemnification; separate closings require 13-week cash flow forecast and NewCo funding of shortfalls.

## SEC filing metadata
- accession: 0001213900-23-023263
- form_type: 8-K
- cik: 0001790665
- company_name: Greenrose Holding Co Inc.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1790665/000121390023023263/0001213900-23-023263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1790665/000121390023023263/ea175766-8k_greenrose.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-023263
- JSON: https://secwatch.observer/filing/0001213900-23-023263.json
- Plain text: https://secwatch.observer/filing/0001213900-23-023263.txt

## Key facts
- Debt Financings
  Greenrose Holding Co Inc. faced acceleration on credit facility with DXR Finance, LLC (as Agent).
  - Instrument: credit facility
  - Counterparty: DXR Finance, LLC (as Agent)
  - Event: acceleration
  source text: On March 25, 2023, Holdings, TH and Theraplant received a Notice of Acceleration (the “ Notice of Acceleration ”) from the legal representatives of the Agent in reference to (i) that certain Credit Agreement; (ii) that certain Security Agreement, dated as of November 26, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “ Security Agreement ”), by and among, inter alios , Holdings, TH, Theraplant, the other grantors from time to time party thereto and the Agent; and (iii) that certain Guaranty, dated as of November 26, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time (the “ Guaranty ”), by and among, inter alios , Holdings, TH, Theraplant, the other guarantors from time to time party thereto and the Agent. The Notice of Acceleration declared that all of the principal of, and any and all accrued and unpaid interest, premium and fees in respect of, the term loans extended under
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790665/000121390023023263/0001213900-23-023263-index.htm
- Material Agreements
  Greenrose Holding Co Inc. entered into Strict Foreclosure Agreement with DXR Finance, LLC (Agent), DXR-GL Holdings I, LLC, DXR-GL Holdings II, LLC, DXR-GL Holdings III, LLC (Consenting Lenders), DXR Finance Parent, LLC, and DXR Finance HoldCo, LLC (effective 2023-03-27).
  - Action: entry
  - Counterparty: DXR Finance, LLC (Agent), DXR-GL Holdings I, LLC, DXR-GL Holdings II, LLC, DXR-GL Holdings III, LLC (Consenting Lenders), DXR Finance Parent, LLC, and DXR Finance HoldCo, LLC
  - Effective: 2023-03-27
  source text: On March 27, 2023, Theraplant, TH, the Agent, the Consenting Lenders, DXR Finance Parent, LLC, a Delaware limited liability company (“ DXR Parent ”) and DXR Finance HoldCo, LLC, a Delaware limited liability company (“ DXR Holdco ”), entered into that certain Strict Foreclosure Agreement (the “ Foreclosure Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790665/000121390023023263/0001213900-23-023263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.