secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K
Filed at:   2021-09-10T23:59:59+00:00
Accession:  0001558370-21-012380
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

General Cannabis appoints Jessica Bast as CFO, Timothy Brown as Chief Visionary Officer
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- Jessica Bast appointed CFO effective Sept 6, 2021; replaces Diane Jones who resigned without disagreement.
- Bast's salary $165k, guaranteed 10% bonus; options vest immediately and repriced to Sept 3 closing price.
- Timothy Brown hired as Chief Visionary Officer with $400k base salary, 2-year term, non-compete in CO/OR cannabis.
- Brown's base salary subject to downward adjustment based on stock sales; severance for termination without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837021012380/0001558370-21-012380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837021012380/cann-20210903x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-012380

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