secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0001558370-22-018812
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trees Corp acquires GMC LLC dispensary assets for $1.225M cash and 4.49M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022018812/0001558370-22-018812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837022018812/cann-20221219x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-018812

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