secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K/A
Filed at:   2021-10-19T23:59:59+00:00
Accession:  0001558370-21-013262
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

General Cannabis acquires TDM LLC cannabis retailer for $5M cash plus stock
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- TDM had product sales of $13.5M and net income of $1.29M for FY2020.
- For H1 2021, TDM net income fell to $639K from $938K in prior-year period.
- TDM has substantial related-party lease and auditor going-concern uncertainty.
- Acquisition includes $5M cash and shares of General Cannabis common stock; closing subject to Colorado regulatory approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837021013262/0001558370-21-013262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837021013262/cann-20210902x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-013262

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