secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001213900-25-010427
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000121390025010427/0001213900-25-010427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000121390025010427/ea0229915-8k_treescorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-010427

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