debt
confidence high
sentiment neutral
materiality 0.55
TREES Corp enters $500K secured note; restructures $500K working capital note liquidation terms
TREES Corp (Colorado)
- New $500K senior secured promissory note to TCM Tactical Opportunities Fund II LP, 12% interest, matures Sept 15, 2026.
- Amended & restated prior $500K working capital note to align liquidation preference with new note.
- Both notes rank pari passu; liquidation priority elevated ahead of Dec 2023 convertible notes and existing debt.
- Proceeds not specified; notes are secured and prepayable by borrower.