secwatch.observer — SEC 8-K summary
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Issuer:     TREES Corp (Colorado) (CANN)
CIK:        0001477009
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001558370-23-000841
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477009/000155837023000841/0001558370-23-000841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477009/000155837023000841/cann-20230203x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000841

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