---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-012470"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2021-09-14T23:59:59+00:00"
generated_at: "2026-06-29T03:49:38.260090+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# General Cannabis raises $1.18M via Series A Preferred and Warrants private placement

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-21-012470
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2021-09-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000155837021012470/0001558370-21-012470-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000155837021012470/cann-20210910x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-012470
- JSON: https://secwatch.observer/filing/0001558370-21-012470.json
- Plain text: https://secwatch.observer/filing/0001558370-21-012470.txt

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