Highest-materiality recent filing
Trees Corp restructures $6.75M debt, acquires Chronic Therapy dispensary, amends CEO comp
Debt restructuring cancels WC/M&A notes; issues $6.749M First Senior Note at 18% interest, 2x liquidation preference, matures Mar 15, 2026.
Trees Corp subsidiary settles eviction suit, pays $171,760 to terminate Boulder lease
GT Cultivation and Green Tree Colorado to pay Six Mile BP $171,760 to settle eviction and back-rent claims.
Trees Corp to acquire Chronic Therapy for $1.75M; names Mikayla Gilbert as CFO
Acquisition of Chronic Therapy for $1.75M: $1,487,500 at closing, $262,500 holdback for indemnification.
TREES Corp sells Oregon retail marijuana license for $50k through subsidiary
Purchase price $50,000; $12,500 paid on execution, $37,500 due at closing.
Trees Corp. issues $1.25M 12% senior secured note, grants 2.5M warrants
$1.25M senior secured note from TCM Tactical Opportunities Fund II at 12% interest, maturing Sept 15, 2026.
TREES Corp enters $500K secured note; restructures $500K working capital note liquidation terms
New $500K senior secured promissory note to TCM Tactical Opportunities Fund II LP, 12% interest, matures Sept 15, 2026.
Trees Corporation Amends Senior Secured Convertible Notes and Secures Working Capital
Entered into amended notes with aggregate principal of $13.5M, with $3.375M subject to mandatory conversion under trigger events.
Trees Colorado transfers Denver retail marijuana store license (402R-00884) and related assets to Station 2, LLC and director Timothy Brown.
Trees Corp director Allyson Feiler Downing resigns effective Aug 3, 2023
Allyson Feiler Downing resigned from Trees Corporation Board of Directors on August 3, 2023.
Trees Corp returns cannabis licenses to former owners; redeems 9.9M shares
Settlement transfers Berthoud cultivation/dispensary and Boulder MIP licenses to Green Tree entities.
Green Tree Combined Entities reported 2021 sales of $10.0M vs $9.9M in 2020; net loss of $88K in 2021 vs net income of $224K in 2020.
Trees Corp acquires assets from board member's company; CFO resigns, interim CFO appointed
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).
Trees Corp acquires GMC LLC dispensary assets for $1.225M cash and 4.49M shares
Total consideration: $1,225,000 cash plus 4,494,382 common shares at closing.
TREES closes acquisition of Green Tree Entities for $4M cash plus 17.98M shares
Total cash consideration of $500K at closing plus $3.5M in 15 monthly payments; 17.98M shares issued (subject to adjustment).
Trees Corp enters office lease for new HQ in Lakewood, CO through Mar 2026
Lease with Victex Colorado LLC for 3,776 sq ft at 215 Union Blvd, Lakewood, CO; new principal executive offices.
Trees Corp to acquire GMC assets for $1.2M cash, 4.5M shares, and $1.5M deferred payments
Acquires two Colorado cannabis licenses, inventory, contracts via Asset Purchase Agreement dated Oct 28, 2022.
Trees Corp agrees to acquire Station 2 assets for $641K; includes Denver marijuana store licenses
Purchase price of $641,454.27: $256,581.71 cash at closing plus $16,036.36/mo for 24 months.
Trees Corp acquires Green Tree assets for $500K cash + 18M shares; issues $13.5M convertible notes
Purchase price: $500K cash at closing, 17,977,528 shares of common stock, plus $3.5M cash in 15 monthly payments.
Trees Corp amends 8-K to add TDM LLC audit opinion; going concern and pending acquisition disclosed
Audit opinion for TDM LLC 2019 financials added; going concern uncertainty due to dependence on unguaranteed financing.
Trees Corp amends 8-K: adds 2019 audit opinion; subsidiary net loss, going concern
Trees Portland, LLC: net sales $3.09M (2020) vs $1.93M (2019); net loss $27,886 vs $39,158.
General Cannabis Corp shareholders approve name change to TREES CORPORATION
Name changed to TREES CORPORATION, effective June 8, 2022; amendment filed with Colorado Secretary of State.
Base rent on Boulder, CO grow facility reduced to $27,000/mo for 2022; prior rate not disclosed.
General Cannabis Corp sets 2022 Annual Meeting for early June, proposal deadline April 15, 2022
Annual meeting planned for early June 2022; record date on or about April 20, 2022.
General Cannabis amends 8-K with Trees Portland and Waterfront audited financials
Trees Portland 2020 net sales $3.09M, net loss $27.9K; 2019 net loss $39.2K.
General Cannabis Corp completes acquisition of two Oregon dispensaries for cash and stock
Oregon closing on Dec 30, 2021: cash $331,580.50, 6,423,575 shares, plus $497,370.73 deferred over 24 months.
General Cannabis acquires TDM LLC cannabis retailer for $5M cash plus stock
TDM had product sales of $13.5M and net income of $1.29M for FY2020.
Amendment effective Oct 1, 2021 changes Dalton's title to Founder, SevenFive Farms, reporting to SVP Jack Taylor.
General Cannabis Corp extends warrant expiration to Dec 2024, raises exercise price to $1.00
Amended 400,000 A Warrants and 1,211,000 B Warrants with certain holders.
General Cannabis raises $1.18M via Series A Preferred and Warrants private placement
Sold 1,180 units at $1,000 each; each unit has 1 share Series A Preferred and 300 warrants.
General Cannabis appoints Jessica Bast as CFO, Timothy Brown as Chief Visionary Officer
Jessica Bast appointed CFO effective Sept 6, 2021; replaces Diane Jones who resigned without disagreement.
General Cannabis Corp completes acquisition of Trees dispensary in Englewood, CO for cash and stock
Cash consideration of $1,155,256.09 and 22,380,310 shares of common stock paid at closing.
General Cannabis Corp dismisses Marcum LLP, hires Haynie & Company as auditor
Marcum LLP dismissed July 20, 2021; Audit Committee recommended and Board approved.
General Cannabis sells cultivation consulting unit Next Big Crop for up to $150k plus profit share
Sale to NBC Holdings and Richard Cardinal for $75k at signing, $75k in one year, plus 10% of profits from MI, MS, MA for 12 months.
On February 1, 2025, Edward Myers resigned from his positions as Chief Operating Officer and Interim Chief Financial Officer of the Company.
On February 1, 2025, Mikayla Gilbert, 32, was promoted (replacing Edward Myers) to serve as Chief Financial Officer of the Company.
On August 3, 2023, Allyson Feiler Downing resigned from the Company’s Board of Directors.
On July 1, 2023, the Company terminated the employment of Allyson Feiler Downing, the Company’s Chief Marketing Officer and a member of the Company’s Board of Directors.
On February 3, 2023, Edward Myers, 63, was appointed as the Interim Chief Financial Officer of the Company.
On February 3, 2023, Jessica Bast resigned as the Company’s Chief Financial Officer.
On December 12, 2022, John Barker Dalton resigned from the Company’s Board of Directors (“Board”).
On December 12, 2022, Allyson Feiler was elected to serve on the Board until the next annual meeting of stockholders of the Company and until her successor is duly elected and qualified.
Also on December 12, 2022, the Company and Ms. Feiler entered into a two-year employment agreement, pursuant to which Ms. Feiler will be employed by the Company as its Chief Marketing Officer at an annual base salary of $225,000, with an agreed one-time bonus equal to $383,071.43
On September 16, 2022, the Company appointed Edward Myers, 63, as its Chief Operating Officer.
Timothy Brown, a newly-elected member of the Board
On September 6, 2021, Jessica Bast, 43, was appointed as the Chief Financial Officer of General Cannabis Corp (the “Company”).
Max materiality 0.85 · Median 0.55 · Most common event other_material