---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-018812"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T01:43:47.620163+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 acquires GMC LLC dispensary assets for $1.225M cash and 4.49M shares

## Summary
- Total consideration: $1,225,000 cash plus 4,494,382 common shares at closing.
- Deferred payment of $1,500,000 in 18 monthly installments of $83,333.33 beginning Dec 2023.
- New 10-year lease at East Hampden Ave, Denver; rent $10,000/month for year 1, then 4.5% annual increases.
- Additional $200,000 paid in 30 monthly installments of $6,666.67 from lease commencement.
- Lease includes two 5-year renewal options and contingent on marijuana license transfer approval.

## SEC filing metadata
- accession: 0001558370-22-018812
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000155837022018812/0001558370-22-018812-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000155837022018812/cann-20221219x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-018812
- JSON: https://secwatch.observer/filing/0001558370-22-018812.json
- Plain text: https://secwatch.observer/filing/0001558370-22-018812.txt

## Key facts
- M&A Transactions
  TREES Corp (Colorado) completed an acquisition involving GMC, LLC for $1,225,000 together with an aggregate of 4,494,382 shares of the Company’s common stock (closed 2022-12-19).
  - Action: acquisition
  - Counterparty: GMC, LLC
  - Consideration: $1,225,000 together with an aggregate of 4,494,382 shares of the Company’s common stock
  - Closing: 2022-12-19
  source text: of the assets of GMC, LLC, a Colorado limited liability company (“GMC”). At the closing, the Company delivered to GMC and equity holders thereof an aggregate of cash equal to $1,225,000 together with an aggregate of 4,494,382 shares of the Company’s common stock, par value $0.01 per share (“Common Stock”). An additional $1,500,000 in cash will be paid by the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837022018812/0001558370-22-018812-index.htm

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