secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K/A
Filed at:   2022-03-15T23:59:59+00:00
Accession:  0001558370-22-003662
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

General Cannabis amends 8-K with Trees Portland and Waterfront audited financials
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- Trees Portland 2020 net sales $3.09M, net loss $27.9K; 2019 net loss $39.2K.
- Consideration: $5M cash plus General Cannabis common stock; TDM sale closed Sep 2, 2021.
- Remaining entities sale subject to Oregon Liquor and Cannabis Commission approval.
- Trees Portland negative equity $82.3K at Dec 31, 2020; auditor flags going concern.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022003662/0001558370-22-003662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022003662/cann-20211230x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-003662

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