Context|TCM Series Fund LP - Context|TCM Tactical Opportunities Series's Form 4 filing
TREES Corp (Colorado) (CANN) · filed Feb 6, 2025
- Accession no.
- 0001013594-25-000152
- Filed
- Feb 6, 2025, 6:12 PM ET
- Trade date
- Nov 8, 2024
- Filing delay
- 90 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 7 derivative transactions. It was filed 90 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Context|TCM Series Fund LP - Context|TCM Tactical Opportunities SeriesCIK 0001745195 | 10% Owner |
| TCM Tactical Opportunities Fund II LPCIK 0001857645 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 8, 2024 | Common Stock, $0.001 par value per share | HLess common codeDisposed | −592,858 | –F3 | – | 0 | Direct | |
| Nov 8, 2024 | Common Stock, $0.001 par value per share | PPurchaseAcquired | +592,858 | –F3 | – | 592,858 | Direct | |
| Nov 8, 2024 | Common Stock, $0.001 par value per share | HLess common codeDisposed | −1,039,942 | –F3 | – | 0 | Direct | |
| Nov 8, 2024 | Common Stock, $0.001 par value per share | PPurchaseAcquired | +1,039,942 | –F3 | – | 1,039,942 | Direct | |
| Nov 8, 2024 | Common Stock, $0.001 par value per share | HLess common codeDisposed | −4,912,349 | –F3 | – | 0 | Direct | |
| Nov 8, 2024 | Common Stock, $0.001 par value per share | PPurchaseAcquired | +4,912,349 | –F3 | – | 4,912,349 | Direct | |
| Nov 8, 2024 | Common Stock, $0.001 par value per share | PPurchaseAcquired | +2,500,000 | –F7 | – | 2,500,000 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F3
The noted transactions reported in Table II above involved the amendment of outstanding warrants to reduce the exercise price from $0.40 per share to $0.066 per share and to extend the expiration date of such warrants from September 15, 2029 to November 15, 2029. The amendment is reported above as the cancellation of the old warrants and the acquisition of new warrants.
Referenced by the price of 6 transactions in Table II.
- F7
Originally issued for no cash consideration in connection with the loan from the Reporting Persons to the Issuer evidenced by that certain senior secured promissory note issued on November 8, 2024 in favor of Tactical Opportunities Fund in the principal amount of $1,250,000.
Referenced by the price of 1 transaction in Table II.