other material
confidence high
sentiment neutral
materiality 0.60
General Cannabis raises $1.18M via Series A Preferred and Warrants private placement
TREES Corp (Colorado)
- Sold 1,180 units at $1,000 each; each unit has 1 share Series A Preferred and 300 warrants.
- Series A Preferred carries 6% PIK dividend, convertible into 1,000 common shares upon $5M capital raise.
- Warrants have 5-year term, $1.05 exercise price, and full-ratchet anti-dilution if future issuance below $1.00.
- Proceeds allocated to debt repayment, strategic M&A, and general working capital.
- Issuance exempt from registration under Section 4(a)(2) of the Securities Act.