---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-010427"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:33:26.819112+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trees Corp to acquire Chronic Therapy for $1.75M; names Mikayla Gilbert as CFO

## Summary
- Acquisition of Chronic Therapy for $1.75M: $1,487,500 at closing, $262,500 holdback for indemnification.
- Lease for Wheat Ridge dispensary: 5-yr initial term, $8,600/mo base rent, two 5-yr renewal options.
- Closing subject to Colorado Marijuana Enforcement Division approval by June 30, 2025.
- Mikayla Gilbert promoted to CFO effective Feb 1, 2025; base salary $120,000 plus discretionary bonus.
- Edward Myers resigned as COO and Interim CFO effective Feb 1, 2025.

## SEC filing metadata
- accession: 0001213900-25-010427
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000121390025010427/0001213900-25-010427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000121390025010427/ea0229915-8k_treescorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-010427
- JSON: https://secwatch.observer/filing/0001213900-25-010427.json
- Plain text: https://secwatch.observer/filing/0001213900-25-010427.txt

## Key facts
- Executive change
  Edward Myers resigned as Chief Operating Officer and Interim Chief Financial Officer at TREES Corp (Colorado).
  - Action: resigned
  - Role: Chief Operating Officer and Interim Chief Financial Officer
  source text: On February 1, 2025, Edward Myers resigned from his positions as Chief Operating Officer and Interim Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000121390025010427/0001213900-25-010427-index.htm
- Executive change
  Mikayla Gilbert changed role as Chief Financial Officer at TREES Corp (Colorado).
  - Action: promoted
  - Role: Chief Financial Officer
  source text: On February 1, 2025, Mikayla Gilbert, 32, was promoted (replacing Edward Myers) to serve as Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000121390025010427/0001213900-25-010427-index.htm

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