---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-009056"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2021-07-21T23:59:59+00:00"
generated_at: "2026-06-30T03:43:13.432825+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# General Cannabis sells cultivation consulting unit Next Big Crop for up to $150k plus profit share

## Summary
- Sale to NBC Holdings and Richard Cardinal for $75k at signing, $75k in one year, plus 10% of profits from MI, MS, MA for 12 months.
- Closing subject to condition that a significant customer pays $280k outstanding invoices to the Company.
- Company will discontinue Operations Consulting and Products Segment; substantially all NBC employees resigned.
- Exit costs associated with the disposition are not expected to be significant.

## SEC filing metadata
- accession: 0001558370-21-009056
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2021-07-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000155837021009056/0001558370-21-009056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000155837021009056/cann-20210716x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-009056
- JSON: https://secwatch.observer/filing/0001558370-21-009056.json
- Plain text: https://secwatch.observer/filing/0001558370-21-009056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.