secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001558370-22-016151
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022016151/0001558370-22-016151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022016151/cann-20221028x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-016151

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