---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-099084"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:43:16.371569+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001213900-24-099084
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000121390024099084/0001213900-24-099084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000121390024099084/ea0220693-8k_treescorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-099084
- JSON: https://secwatch.observer/filing/0001213900-24-099084.json
- Plain text: https://secwatch.observer/filing/0001213900-24-099084.txt

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