TREES Corp Files 8-K: Agreements, Officer Changes, Financials
Ticker: CANN · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1477009
| Field | Detail |
|---|---|
| Company | Trees CORP (Colorado) (CANN) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1,750,000, $1,487,500, $262,500, $8,600, $9,679 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-governance, officer-changes
TL;DR
TREES Corp filed an 8-K detailing new material agreements, director/officer changes, and financial statements as of Jan 31, 2025.
AI Summary
On January 31, 2025, TREES Corp (Colorado) entered into a material definitive agreement. The company also reported the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with compensatory arrangements for these officers. The filing also includes financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate actions including new agreements and changes in leadership, which could impact the company's strategic direction and operational stability.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and changes in corporate officers and directors, which can introduce uncertainty and potential strategic shifts.
Key Players & Entities
- TREES Corp (Colorado) (company) — Registrant
- January 31, 2025 (date) — Date of earliest event reported
- 000-54457 (other) — SEC File Number
- GENERAL CANNABIS CORP (company) — Former Company Name
- Advanced Cannabis Solutions, Inc. (company) — Former Company Name
- Promap Corp (company) — Former Company Name
FAQ
What is the nature of the material definitive agreement entered into by TREES Corp?
The filing does not specify the details of the material definitive agreement, only that one was entered into on January 31, 2025.
Who are the specific directors or officers departing or being elected/appointed?
The filing indicates changes in directors and officers but does not name the individuals involved in this summary.
What are the key details of the compensatory arrangements for the officers?
The filing mentions compensatory arrangements but does not provide specific details within the provided text.
What is the primary business of TREES Corp?
TREES Corp is classified under the Standard Industrial Classification code 5912, which is RETAIL-DRUG STORES AND PROPRIETARY STORES.
When did TREES Corp last change its name?
TREES Corp was formerly known as GENERAL CANNABIS CORP, with a name change date of June 18, 2015.
Filing Stats: 1,049 words · 4 min read · ~3 pages · Grade level 10.8 · Accepted 2025-02-05 13:00:16
Key Financial Figures
- $1,750,000 — price for the acquisition of Chronic is $1,750,000, of which $1,487,500 is to be paid upon
- $1,487,500 — tion of Chronic is $1,750,000, of which $1,487,500 is to be paid upon the closing, and the
- $262,500 — aid upon the closing, and the remaining $262,500 is to be held back for a period of up t
- $8,600 — wal options. Base rent for the lease is $8,600 per month for the first year, with year
- $9,679 — he first year, with yearly increases to $9,679 in the fifth year of the term. The leas
- $120,000 — . Gilbert will be paid a base salary of $120,000 with the opportunity for a discretionar
Filing Documents
- ea0229915-8k_treescorp.htm (8-K) — 32KB
- ea022991501ex10-1_treescorp.htm (EX-10.1) — 285KB
- ea022991501ex10-2_treescorp.htm (EX-10.2) — 143KB
- ea022991501ex10-3_treescorp.htm (EX-10.3) — 7KB
- ex10-3_001.jpg (GRAPHIC) — 10KB
- 0001213900-25-010427.txt ( ) — 744KB
- cann-20250131.xsd (EX-101.SCH) — 3KB
- cann-20250131_lab.xml (EX-101.LAB) — 33KB
- cann-20250131_pre.xml (EX-101.PRE) — 22KB
- ea0229915-8k_treescorp_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: February 5, 2025 TREES CORPORATION By: /s/ Adam Hershey Name: Adam Hershey Title: Interim Chief Executive Officer 3