Trees Corp. issues $1.25M 12% senior secured note, grants 2.5M warrants

TREES Corp (Colorado)

$1.25M senior secured note from TCM Tactical Opportunities Fund II at 12% interest, maturing Sept 15, 2026.
2.5M warrants granted at 1.25x 10-day avg OTCQB price, expiring Nov 15, 2029.
Exercise price of 6.5M existing warrants repriced to same level; expiration extended to Nov 15, 2029.
Paid $802,500 to Headgate III to fully satisfy asset purchase agreement; lease confession of judgment terminated.
Note has liquidation preference of 1.5x principal; ranks senior to prior notes except pari passu with two specific notes.

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