secwatch.observer — SEC 8-K summary
======================================

Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K
Filed at:   2021-09-14T23:59:59+00:00
Accession:  0001558370-21-012470
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837021012470/0001558370-21-012470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837021012470/cann-20210910x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-012470

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