0001213900-24-028943.txt : 20240402 0001213900-24-028943.hdr.sgml : 20240402 20240401173246 ACCESSION NUMBER: 0001213900-24-028943 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240402 DATE AS OF CHANGE: 20240401 EFFECTIVENESS DATE: 20240402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TREES Corp (Colorado) CENTRAL INDEX KEY: 0001477009 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DRUG STORES AND PROPRIETARY STORES [5912] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 208096131 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54457 FILM NUMBER: 24811273 BUSINESS ADDRESS: STREET 1: 215 UNION BOULEVARD STREET 2: SUITE 415 CITY: LAKEWOOD STATE: CO ZIP: 80228 BUSINESS PHONE: 303-759-1300 MAIL ADDRESS: STREET 1: 215 UNION BOULEVARD STREET 2: SUITE 415 CITY: LAKEWOOD STATE: CO ZIP: 80228 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL CANNABIS CORP DATE OF NAME CHANGE: 20150618 FORMER COMPANY: FORMER CONFORMED NAME: Advanced Cannabis Solutions, Inc. DATE OF NAME CHANGE: 20131023 FORMER COMPANY: FORMER CONFORMED NAME: Promap Corp DATE OF NAME CHANGE: 20091117 NT 10-K 1 ea020309301-nt10k_treescorp.htm NOTIFICATION OF LATE FILING

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

(Check one):

 ☒  Form 10-K ☐  Form N-CSR ☐  Form 20-F ☐  Form 11-K ☐  Form 10-Q ☐  Form 10-D
  ☐  Form N-CEN          

  

  For Period Ended: December 31, 2023  

 

☐Transition Report on Form 10 K

 

☐Transition Report on Form 20 F

 

☐Transition Report on Form 11 K

 

☐Transition Report on Form 10 Q

 

For the Transition Period Ended: ________________________

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

 

 

 

PART I — REGISTRANT INFORMATION

 

Full Name of Registrant

 

TREES Corporation

 

Former Name if Applicable

 

Address of Principal Executive Office (Street and Number)

 

215 Union Boulevard, Suite 415

 

City, State and Zip Code

 

Lakewood, Colorado 80228

 

 

 

 

PART II — RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

(a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒ (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III — NARRATIVE

 

The Company has experienced increased workload in fiscal year 2023 as a result of recent transactions, and accordingly, will not be able to timely complete the Form 10-K absent unreasonable effort or expense.

 

PART IV — OTHER INFORMATION

 

(1)Name and telephone number of person to contact in regard to this notification

 

 Adam Hershey

   303   759-1300
(Name)   (Area Code)   (Telephone Number)

 

(2)Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes ☒ No ☐

 

(3)Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 

Yes ☒   No ☐

 

Results of operations for fiscal year end 2022 reflected a net operating loss of $(9,270,150). Results of operations for fiscal year-end 2023 are expected to reflect a net operating loss of approximately $(6.6 million). The principal reason for the decrease in net operating loss for year-end 2023 as compared with the corresponding period in 2022 is the significant decrease in corporate and administrative fees and expenses resulting from improved productivity and operational efficiencies.

 

2

 

 

TREES Corporation

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: April 1, 2024

 By:    /s/ Adam Hershey
    Adam Hershey
    Interim CEO

 

 

3