---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-014458"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2022-09-19T23:59:59+00:00"
generated_at: "2026-06-23T08:47:42.041883+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Trees Corp acquires Green Tree assets for $500K cash + 18M shares; issues $13.5M convertible notes

## Summary
- Purchase price: $500K cash at closing, 17,977,528 shares of common stock, plus $3.5M cash in 15 monthly payments.
- Issued $13.5M senior secured convertible notes (12% interest, mature Sept 2026); investors also received warrants at $0.70/share.
- Appointed Edward Myers as COO; Adam Hershey remains interim CEO under new consulting agreement at $200K/year.
- Acquisition is contingent on approval from Colorado Marijuana Enforcement Division; multiple closings possible.
- Employment agreements for Allyson Feiler (CMO, $225K salary) and Loree Schwartz (CCO, $150K salary) with bonuses.

## SEC filing metadata
- accession: 0001558370-22-014458
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2022-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000155837022014458/0001558370-22-014458-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000155837022014458/cann-20220913x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-014458
- JSON: https://secwatch.observer/filing/0001558370-22-014458.json
- Plain text: https://secwatch.observer/filing/0001558370-22-014458.txt

## Key facts
- Executive change
  Edward Myers was appointed as Chief Operating Officer at TREES Corp (Colorado).
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On September 16, 2022, the Company appointed Edward Myers, 63, as its Chief Operating Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837022014458/0001558370-22-014458-index.htm

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