secwatch.observer — SEC 8-K summary
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Issuer:     RYTHM, Inc. (RYM)
CIK:        0001800637
Form:       8-K
Filed at:   2026-10-16T11:00:30+00:00
Accession:  0001213900-26-110006
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

RYTHM adds Señorita brand to Green Thumb license; 2026 annual fee set at $64.25M
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- Amendment No. 2 to the Aug. 27, 2025 Trademark and Recipe License Agreement adds the Señorita brand IP to what Green Thumb's GTI Core licenses from RYTHM unit VCP IP Holdings.
- 2026 annual fee set at $64,250,000, payable monthly at $5,354,166.67; base licensing fees rise $250,000 per year for the added Señorita rights.
- 2027 example: a 2.4% published CPI rate means a 4.8% CPI adjustment, raising the annual fee by $3,084,000 to $67,334,000.
- RYTHM retains exclusive rights to commercialize Señorita outside state-regulated dispensary channels if federal hemp-THC law permits; GTI Core is limited to dispensary channels.
- Green Thumb indirectly owns ~32% of RYTHM with rights to reach ~90%; Green Thumb CEO Benjamin Kovler is RYTHM Chairman and Interim CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800637/000121390026110006/0001213900-26-110006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800637/000121390026110006/ea0308624-8k_rythm.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-110006

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