---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-016151"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:47:03.029867+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trees Corp to acquire GMC assets for $1.2M cash, 4.5M shares, and $1.5M deferred payments

## Summary
- Acquires two Colorado cannabis licenses, inventory, contracts via Asset Purchase Agreement dated Oct 28, 2022.
- Total consideration: $1.2M cash at closing, 4,494,382 shares of common stock, and $1.5M in 18 monthly payments of $83,333 starting 12 months post-closing.
- Closing conditioned on Final Governmental Approval from Colorado Marijuana Enforcement Division.
- Hampden Property (real estate) to be transferred separately to an affiliate with ascribed value of $1M, not part of purchase price.

## SEC filing metadata
- accession: 0001558370-22-016151
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000155837022016151/0001558370-22-016151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000155837022016151/cann-20221028x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-016151
- JSON: https://secwatch.observer/filing/0001558370-22-016151.json
- Plain text: https://secwatch.observer/filing/0001558370-22-016151.txt

## Key facts
- Material Agreements
  TREES Corp (Colorado) entered into Asset Purchase Agreement with GMC, LLC and certain equity holders of GMC party thereto valued at $1,200,000 payable at closing; 4,494,382 shares of common stock; and an amount equal to $83,333.33 p (effective 2022-10-28).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: GMC, LLC and certain equity holders of GMC party thereto
  - Value: $1,200,000 payable at closing; 4,494,382 shares of common stock; and an amount equal to $83,333.33 p
  - Effective: 2022-10-28
  source text: On October 28, 2022, TREES Corporation (the “Company”) and a newly-formed subsidiary thereof entered into an Asset Purchase Agreement (“APA”) with GMC, LLC (“GMC”) and certain equity holders of GMC party thereto, pursuant to which the Company agreed to purchase substantially all of the assets of GMC, including two cannabis licenses held by GMC, certain inventory, contracts and other related assets (“GMC Acquisition”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837022016151/0001558370-22-016151-index.htm

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