---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000841"
form_type: "8-K"
ticker: "CANN"
cik: "0001477009"
company_name: "TREES Corp (Colorado)"
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T00:57:54.483961+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Trees Corp acquires assets from board member's company; CFO resigns, interim CFO appointed

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-000841
- form_type: 8-K
- ticker: CANN
- cik: 0001477009
- company_name: TREES Corp (Colorado)
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477009/000155837023000841/0001558370-23-000841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477009/000155837023000841/cann-20230203x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000841
- JSON: https://secwatch.observer/filing/0001558370-23-000841.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000841.txt

## Key facts
- Executive change
  Edward Myers was appointed as Interim Chief Financial Officer at TREES Corp (Colorado).
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: On February 3, 2023, Edward Myers, 63, was appointed as the Interim Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837023000841/0001558370-23-000841-index.htm
- Executive change
  Jessica Bast resigned as Chief Financial Officer at TREES Corp (Colorado).
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On February 3, 2023, Jessica Bast resigned as the Company’s Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837023000841/0001558370-23-000841-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477009/000155837023000841/0001558370-23-000841-index.htm

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