secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K/A
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0001558370-22-014007
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trees Corp amends 8-K to add TDM LLC audit opinion; going concern and pending acquisition disclosed
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- Audit opinion for TDM LLC 2019 financials added; going concern uncertainty due to dependence on unguaranteed financing.
- TDM LLC 2020 net sales $13.5M, net income $1.29M; 2019 net sales $10.7M, net income $1.34M.
- Related party store lease with Bellewood Holdings; owner compensation $280K annually.
- Subsequent event: TDM LLC, Trees Portland, Trees Waterfront to be acquired by General Cannabis for $5M cash + shares, pending Colorado MED approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022014007/0001558370-22-014007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022014007/cann-20210902x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014007

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