{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-079941","form_type":"8-K","ticker":"CANN","cik":"0001477009","company_name":"TREES Corp (Colorado)","filed_at":"2025-08-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.071146+00:00","generated_at":"2026-05-17T10:32:54.905352+00:00","sec_items":["1.01","2.01","2.03","5.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Trees Corp restructures $6.75M debt, acquires Chronic Therapy dispensary, amends CEO comp","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-079941","json":"https://secwatch.observer/filing/0001213900-25-079941.json","markdown":"https://secwatch.observer/filing/0001213900-25-079941.md","text":"https://secwatch.observer/filing/0001213900-25-079941.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1477009/000121390025079941/0001213900-25-079941-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1477009/000121390025079941/ea0254045-8k_treescorp.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:32:54.905352+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"38a17fa25934932fc4c4f8a9281465de217f5a06","claim":"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).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1477009/000121390025079941/0001213900-25-079941-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Beddor Claude LLC d/b/a Chronic Therapy"},{"label":"Consideration","value":"$1,704,827.87 (adjusted from original purchase price to reflect a purchase price adjustment in favor of the Company)"},{"label":"Closing","value":"2025-06-30"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}