secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0001213900-24-052868
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TREES Corp enters $500K secured note; restructures $500K working capital note liquidation terms
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000121390024052868/0001213900-24-052868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000121390024052868/ea0207856-8k_treescorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-052868

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