---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-018568"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2022-12-13T23:59:59+00:00"
generated_at: "2026-06-21T05:19:45.391488+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TREES closes acquisition of Green Tree Entities for $4M cash plus 17.98M shares

## Summary
- Total cash consideration of $500K at closing plus $3.5M in 15 monthly payments; 17.98M shares issued (subject to adjustment).
- John Barker Dalton resigned from board; Allyson Feiler elected director and appointed CMO ($225K salary, $383K bonus).
- Feiler, a principal owner of the acquired entities, received $191.5K cash at closing, $1.34M future cash, and 7.11M shares.
- Financial statements of Green Tree Entities to be filed within 71 days of this report.
- Shares issued in reliance on Section 4(a)(2) exemption from registration.

## SEC filing metadata
- accession: 0001558370-22-018568
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2022-12-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000155837022018568/0001558370-22-018568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000155837022018568/cann-20221212x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-018568
- JSON: https://secwatch.observer/filing/0001558370-22-018568.json
- Plain text: https://secwatch.observer/filing/0001558370-22-018568.txt

## Key facts
- Executive change
  John Barker Dalton resigned as Director at TREES Corp (Colorado).
  - Action: resigned
  - Role: Director
  source text: On December 12, 2022, John Barker Dalton resigned from the Company’s Board of Directors (“Board”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837022018568/0001558370-22-018568-index.htm
- Executive change
  Allyson Feiler was elected as Director at TREES Corp (Colorado).
  - Action: elected
  - Role: Director
  source text: On December 12, 2022, Allyson Feiler was elected to serve on the Board until the next annual meeting of stockholders of the Company and until her successor is duly elected and qualified.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837022018568/0001558370-22-018568-index.htm
- Executive change
  Allyson Feiler was appointed as Chief Marketing Officer at TREES Corp (Colorado).
  - Action: appointed
  - Role: Chief Marketing Officer
  source text: Also on December 12, 2022, the Company and Ms. Feiler entered into a two-year employment agreement, pursuant to which Ms. Feiler will be employed by the Company as its Chief Marketing Officer at an annual base salary of $225,000, with an agreed one-time bonus equal to $383,071.43
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837022018568/0001558370-22-018568-index.htm
- M&A Transactions
  TREES Corp (Colorado) completed an acquisition involving Green Tree Entities (Ancient Alternatives LLC, Natural Alternatives For Life, LLC, Mountainside Industries, LLC, Hillside Enterprises, LLC, and GT Creations, LLC) for $500,000 cash and 17,977,528 shares of common stock (closed 2022-12-12).
  - Action: acquisition
  - Counterparty: Green Tree Entities (Ancient Alternatives LLC, Natural Alternatives For Life, LLC, Mountainside Industries, LLC, Hillside Enterprises, LLC, and GT Creations, LLC)
  - Consideration: $500,000 cash and 17,977,528 shares of common stock
  - Closing: 2022-12-12
  source text: a Colorado limited liability company (collectively, the “Green Tree Entities”). At the closing, the Company delivered to the Green Tree Entities an aggregate of cash equal to $500,000 and delivered to equity holders of the Green Tree Entities an aggregate of 17,977,528 shares (“Buyer Shares”) of the Company’s common stock, par value $0.01 per share (“Common
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837022018568/0001558370-22-018568-index.htm

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