litigation
confidence high
sentiment negative
materiality 0.55
Trees Corp subsidiary settles eviction suit, pays $171,760 to terminate Boulder lease
TREES Corp (Colorado)
- GT Cultivation and Green Tree Colorado to pay Six Mile BP $171,760 to settle eviction and back-rent claims.
- Lease for 6859 N. Foothills Hwy, Boulder, CO terminated; premises must be vacated by June 1, 2025.
- Payment schedule: $50,000 upfront, then $10,000/month for 11 months; $11,760 security deposit retained by Six Mile.
- GT Retail, LLC provides corporate guarantee for payment and performance under settlement.