secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001558370-22-018568
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 5.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022018568/0001558370-22-018568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022018568/cann-20221212x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-018568

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