---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-058964"
form_type: "8-K"
ticker: null
cik: "0001790665"
company_name: "Greenrose Holding Co Inc."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:22:15.254827+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Greenrose completes foreclosure of subsidiaries; CFO terminated; intends to join foreclosure

## Summary
- On July 21, 2023, Theraplant and True Harvest transferred assets to DXR entities via strict foreclosure, satisfying debt.
- Judicial foreclosure satisfied $4.1M of obligations; $5M remains outstanding to Holdings.
- CFO Mr. Wang terminated effective July 21, 2023, without cause.
- Holdings notified court of intent to join the Foreclosure Agreement to gain liability assumption.
- Mutual release, tax funding, and transition services agreements signed with lenders.

## SEC filing metadata
- accession: 0001213900-23-058964
- form_type: 8-K
- cik: 0001790665
- company_name: Greenrose Holding Co Inc.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1790665/000121390023058964/0001213900-23-058964-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1790665/000121390023058964/ea181833-8k_greenrose.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-058964
- JSON: https://secwatch.observer/filing/0001213900-23-058964.json
- Plain text: https://secwatch.observer/filing/0001213900-23-058964.txt

## Key facts
- Executive change
  Mr. Wang was terminated as Chief Financial Officer at Greenrose Holding Co Inc..
  - Action: terminated
  - Role: Chief Financial Officer
  source text: In connection with the closing of the Foreclosure Agreement, on July 21, 2022, Mr. Wang was terminated as the Company's Chief Financial Officer, effective immediately, without cause.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790665/000121390023058964/0001213900-23-058964-index.htm
- M&A Transactions
  Greenrose Holding Co Inc. completed a disposition involving NewCo (DXR Parent/DXR Holdco) (closed 2023-07-21).
  - Action: disposition
  - Counterparty: NewCo (DXR Parent/DXR Holdco)
  - Closing: 2023-07-21
  source text: On July 21, 2023, the parties completed the disposition of assets and closed the foreclosure transaction as to Theraplant and TH concurrently following satisfaction or waiver of the applicable closing conditions for each applicable closing, including receipt of the requisite regulatory approvals. At the applicable closing, each of Theraplant and TH assigned, transferred and conveyed its respective Transferred Collateral to NewCo in exchange for satisfaction in full and discharge of the applicable obligations and assumption by NewCo of certain liabilities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790665/000121390023058964/0001213900-23-058964-index.htm

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