Trees Corporation acquired Substantially All of the Assets of the Green Tree Entities from Ancient Alternatives LLC, Natural Alternatives For Life, LLC, Mountainside Industries, LLC, Hillside Enterprises, LLC and GT Creations, LLC.
December 11, 2022
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Trees Corporation (OTCPK : CANN) entered into an agreement to acquire Substantially All of the Assets of the Green Tree Entities from Ancient Alternatives LLC, Natural Alternatives For Life, LLC, Mountainside Industries, LLC, Hillside Enterprises, LLC and GT Creations, LLC on September 13, 2022. Acquisition consists of cash equal to $500,000 payable at closing; 17,977,528 shares of Trees Corporation common stock, par value $0.01 per share, deliverable at closing; and an additional $3,500,000 in cash commencing on the 9-month anniversary of the closing. The acquisition is expected to close in the fourth quarter of 2022. Transaction is subject to Governmental Approval. Cruz-Abrams Seigel LLC acted as legal advisor to Cruz-Abrams Seigel LLC.
Trees Corporation (OTCPK:CANN) acquired Substantially All of the Assets of the Green Tree Entities from Ancient Alternatives LLC, Natural Alternatives For Life, LLC, Mountainside Industries, LLC, Hillside Enterprises, LLC and GT Creations, LLC on December 12, 2022. Allyson Feiler, the founder of Green Tree, was elected to serve Trees Corporation's Board of Directors as well as Nominating Committee, on December 12, 2022.
TREES Corporation is a cannabis retailer and cultivator in the States of Colorado and Oregon. The Company operates through two segments: Retail and Cultivation. It operates about six cannabis dispensaries, which includes Englewood Dispensary, Longmont Dispensary, Hampden Dispensary, 102nd Street Dispensary, Waterfront Dispensary, and MLK Dispensary. It also operates two cultivation facilities in Colorado, such as SevenFive Cultivation Facility and Hillside Cultivation Facility. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility. Its dispensaries carry a variety of classic and boutique flower strains, concentrates, cartridges, edibles, drinkables, and smoking accessories. Its subsidiaries include Green Man Cannabis, LLC, Green Tree Colorado LLC, GT Cultivation LLC, SevenFive Farms, LLC, SevenFive Farms Cultivation, LLC, General Cannabis Capital Corporation, and Standard Cann, Inc., among others.
Trees Corporation acquired Substantially All of the Assets of the Green Tree Entities from Ancient Alternatives LLC, Natural Alternatives For Life, LLC, Mountainside Industries, LLC, Hillside Enterprises, LLC and GT Creations, LLC.