secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K
Filed at:   2021-07-21T23:59:59+00:00
Accession:  0001558370-21-009056
Event type: m_and_a
Sentiment:  negative
Materiality: 0.40
Item codes: 1.01, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837021009056/0001558370-21-009056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837021009056/cann-20210716x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-009056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer