---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-012303"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2021-09-08T23:59:59+00:00"
generated_at: "2026-06-29T05:09:37.512843+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# General Cannabis Corp completes acquisition of Trees dispensary in Englewood, CO for cash and stock

## Summary
- Cash consideration of $1,155,256.09 and 22,380,310 shares of common stock paid at closing.
- Additional deferred cash of $1,732,884.14 payable in 24 equal monthly installments.
- Timothy Brown, sole owner of Seller, elected to Board of Directors effective September 7, 2021.
- Brown also appointed to Board's Nominating Committee.

## SEC filing metadata
- accession: 0001558370-21-012303
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2021-09-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 5.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000155837021012303/0001558370-21-012303-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000155837021012303/cann-20210902x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-012303
- JSON: https://secwatch.observer/filing/0001558370-21-012303.json
- Plain text: https://secwatch.observer/filing/0001558370-21-012303.txt

## Key facts
- Executive change
  Timothy Brown was elected as Director at TREES Corp (Colorado).
  - Action: elected
  - Role: Director
  source text: On September 7, 2021, Timothy Brown was elected to serve on the Company’s Board of Directors until the next annual meeting of stockholders of the Company and until his successor is duly elected and qualified.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837021012303/0001558370-21-012303-index.htm

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