TREES Corp (Colorado) (CANN): M&A transaction — Trees Corp acquires assets from board member's company; CFO resigns, interim CFO appointed

TREES Corp (Colorado)

Acquired substantially all assets of Station 2, LLC for total cash consideration of $641,454.27 ($256,582 at closing + $384,873 in 24 monthly payments).
Board member Timothy Brown is sole owner of Station 2 and indirectly received all consideration – related party transaction.
Jessica Bast resigned as CFO effective Feb 3, 2023; resignation not due to any disagreement with the company.
Edward Myers (63), currently COO, appointed Interim CFO and designated principal financial and accounting officer.

item 2.01 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Edward Myers

Interim Chief Financial Officer

CANN · TREES Corp (Colorado)

Effective: 2023-02-03
Filed: February 3, 2023, 6:59 PM ET

On February 3, 2023, Edward Myers, 63, was appointed as the Interim Chief Financial Officer of the Company.

Departed

Jessica Bast

Chief Financial Officer

CANN · TREES Corp (Colorado)

Effective: 2023-02-03
Successor: Edward Myers
Filed: February 3, 2023, 6:59 PM ET

On February 3, 2023, Jessica Bast resigned as the Company’s Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Edward Myers was appointed as Interim Chief Financial Officer at TREES Corp (Colorado).

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On February 3, 2023, Edward Myers, 63, was appointed as the Interim Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jessica Bast resigned as Chief Financial Officer at TREES Corp (Colorado).

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On February 3, 2023, Jessica Bast resigned as the Company’s Chief Financial Officer.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TREES Corp (Colorado) completed an acquisition involving Station 2, LLC for $256,581.71 cash plus $384,872.56 payable over 24 months (closed 2023-02-03).

Action: acquisition
Counterparty: Station 2, LLC
Consideration: $256,581.71 cash plus $384,872.56 payable over 24 months
Closing: 2023-02-03

Exact text from the filing

all of the assets of Station 2, LLC, a Colorado limited liability company (“Station 2”). At the closing, the Company delivered to Station 2 an aggregate of cash equal to $256,581.71. An additional $384,872.56 in cash will be paid by the Company to Station 2 in twenty-four (24) equal monthly payments of $16,036.36 each per month commencing on the first full

View on SEC.gov

28 m&a transactions filed in the last 30 days. Browse all m&a transactions →

TREES Corp (Colorado) filing history →

Source: SEC EDGAR

accession 0001558370-23-000841

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