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 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. 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 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 Corp returns cannabis licenses to former owners; redeems 9.9M shares
Settlement transfers Berthoud cultivation/dispensary and Boulder MIP licenses to Green Tree entities.
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 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 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.
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.
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.
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