TREES Corp (Colorado) (CANN): M&A transaction — Trees Corp restructures $6.75M debt, acquires Chronic Therapy dispensary, amends CEO comp

TREES Corp (Colorado)

Debt restructuring cancels WC/M&A notes; issues $6.749M First Senior Note at 18% interest, 2x liquidation preference, matures Mar 15, 2026.
Acquired all membership interests of Beddor Claude LLC (Chronic Therapy) for $1.7M; includes dispensary and cultivation in Wheat Ridge, CO.
Interim CEO Adam Hershey gets A&R agreement: $200k/year, 10% of fully-diluted shares over 2 years, plus 7.5% liquidation fee on change of control.
New financial covenants: maintain minimum cash >= -$550k; mandatory payment to investors when available cash >= $1.5M.
All conversion features removed from Original Notes; notes amended to mature Sept 15, 2026, interest payable quarterly beginning June 15, 2026.

item 1.01 item 2.01 item 2.03 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TREES Corp (Colorado) completed an acquisition involving Beddor Claude LLC d/b/a Chronic Therapy for $1,704,827.87 (adjusted from original purchase price to reflect a purchase price adjustment in favor of the Company) (closed 2025-06-30).

Action: acquisition
Counterparty: Beddor Claude LLC d/b/a Chronic Therapy
Consideration: $1,704,827.87 (adjusted from original purchase price to reflect a purchase price adjustment in favor of the Company)
Closing: 2025-06-30

Exact text from the filing

to operate a cannabis dispensary and a cannabis cultivation as well as related assets in Wheat Ridge, Colorado. Upon the closing, the Company paid an aggregate amount of $1,704,827.87 (adjusted from original purchase price to reflect a purchase price adjustment in favor of the Company), $262,500 of which was delivered into escrow as a holdback against potential

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27 m&a transactions filed in the last 30 days. Browse all m&a transactions →

TREES Corp (Colorado) filing history →

Source: SEC EDGAR

accession 0001213900-25-079941

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