0001398432-18-000016.txt : 20180205 0001398432-18-000016.hdr.sgml : 20180205 20180205151004 ACCESSION NUMBER: 0001398432-18-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180202 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180205 DATE AS OF CHANGE: 20180205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL CANNABIS CORP CENTRAL INDEX KEY: 0001477009 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES [7381] IRS NUMBER: 208096131 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54457 FILM NUMBER: 18573989 BUSINESS ADDRESS: STREET 1: 6565 EAST EVANS AVENUE CITY: DENVER STATE: CO ZIP: 80224 BUSINESS PHONE: (719) 748-5603 MAIL ADDRESS: STREET 1: 6565 EAST EVANS AVENUE CITY: DENVER STATE: CO ZIP: 80224 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 8-K 1 a14109.htm FORM 8-K 8-K



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


                                        


FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): February 2, 2018


GENERAL CANNABIS CORP

 (Exact Name of Registrant as Specified in Charter)


Colorado

000-54457

20-8096131

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer Identification Number)


6565 E. Evans Avenue
Denver, Colorado

 

80224

(Address of principal executive offices)

 

(Zip Code)


Registrant’s telephone number, including area code: (303) 759-1300


(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:


[_]

Written communications pursuant to Rule 425 under the Securities Act

[_]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

[_]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

[_]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging Growth Company ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨





Item 2.02

Results of Operations and Financial Condition


On February 2, 2018, General Cannabis Corp issued a press release relating to one of its grow facility management clients in Maryland successfully harvested their first crop and has begun an expansion of their facility to 50,000 square feet, a 67 percent increase from current capacity. The full text of the press release is furnished herewith as Exhibit 99.1.


Item 9.01

 

Financial Statements and Exhibits


(d)     Exhibits


The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.


Exhibit No.

  

Description

99.1

  

Press release dated February 2, 2018




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, 2018


 

GENERAL CANNABIS CORP

 

 

 

 

 

 

 

By:

/s/ Robert L. Frichtel

 

Name:

Robert L. Frichtel

 

Title:

Chief Executive Officer









EXHIBIT INDEX


Exhibit No.

  

Description

99.1

  

Press release dated February 2, 2018














 EX-99.1 2 exh99_01.htm PRESS RELEASE DATED FEBRUARY 2, 2018 Exhibit 99.1

Exhibit 99.1


GENERAL CANNABIS CLIENT GREEN LEAF MEDICAL SUCCESSFULLY HARVESTS FIRST CROP; MAJOR EXPANSION UNDERWAY


GAITHERSBURG, MD, Feb. 2, 2017 – General Cannabis Corp. (OTCQB: CANN) today announced that its client, Green Leaf Medical LLC, a leading grower and supplier of medical cannabis in Maryland, has successfully harvested its first crop and has passed all state-required laboratory tests. Now producing an estimated 500-600 pounds of high-quality medical marijuana on a monthly basis, Green Leaf is one of the leading fully approved suppliers in Maryland.


Green Leaf also announced that it has begun the next phase of its expansion, increasing the size of its facility to approximately 50,000 square feet, a 67 percent increase from current capacity. The expanded grow house should be completed before the end of the year, raising production totals to nearly 1,000 pounds per month.


“From the outset, Green Leaf worked with Next Big Crop to help design and build its state-of-the-art grow facility, and to establish rigorous operational procedures, ensuring the highest quality product for Maryland patients,” said Richard Cardinal, managing director of Next Big Crop. “Our operational model is most effective when we are able to participate in each phase of the planning, building and management of these facilities. Green Leaf’s success is a great example of that.”


Philip Goldberg, CEO of Green Leaf Medical, added: “Our commitment to meeting pharmaceutical manufacturing standards combined with Next Big Crop’s established operational protocol and oversight helped us achieve this level of productivity in just four months of operation.”


“Next Big Crop’s consulting success in Maryland reflects the growing national presence, reputation and strategy of General Cannabis,” according to Robert Frichtel, Chief Executive Officer of General Cannabis. “We recently signed several new contracts in California and we are expanding our business opportunities in Arizona.”


About General Cannabis Corp.


General Cannabis Corp. is the comprehensive national resource for the highest-quality service providers available to the regulated cannabis industry. We are a trusted partner to the cultivation, production and retail sides of the cannabis business. We do this through a combination of strong operating divisions such as security, marketing, operational consulting and products, real estate and financing. As a synergistic holding company, our divisions are able to leverage the strengths of each other, as well as a larger balance sheet, to succeed. Our website address is www.generalcann.com.


Forward-looking Statements


This release contains forward-looking statements that relate to future events or General Cannabis’ future performance or financial condition. Such statements include statements regarding the expansion of the Green Leaf grow house and increasing its production totals; statements regarding Next Big Crop’s anticipated expansion in California and Arizona;  and statements regarding the growing national presence, reputation, and strategy of Next Big Crop.


Any statements that are not statements of historical fact, such as the statements above and including statements containing the words “plans,” “anticipates,” “expects” and similar expressions, should also be considered to be forward-looking statements. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as result of a number of factors, including those described from time to time in General Cannabis’ filings with the Securities and Exchange Commission. General Cannabis undertakes no duty to update any forward-looking statements made herein.


Contact

Robert Frichtel
CEO, General Cannabis Corp
(303) 759-1300