0001398432-19-000002.txt : 20190110 0001398432-19-000002.hdr.sgml : 20190110 20190110142210 ACCESSION NUMBER: 0001398432-19-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190107 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20190110 DATE AS OF CHANGE: 20190110 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: 19520031 BUSINESS ADDRESS: STREET 1: 6565 EAST EVANS AVENUE CITY: DENVER STATE: CO ZIP: 80224 BUSINESS PHONE: 303-759-1300 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 a14183.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): January 7, 2019


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 5.02

 

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On January 7, 2019, Robert Frichtel retired as Chief Executive Officer of General Cannabis Corp. (the “Company”) and provided his resignation to the Company’s Board of Directors (the “Board”) on such date. Mr. Frichtel will continue to serve on the Company’s Board of Directors. On January 7, 2019, the Board appointed Michael Feinsod, the Chairman of the Board, as interim Chief Executive Officer of the Company, effective immediately. The information required by Items 401 and 404(a) of Regulation S-K for Mr. Feinsod is hereby incorporated by reference from the Company’s Proxy Statement filed with the Securities and Exchange Commission on March 15, 2018.


Item 7.01

 

Regulation FD Disclosure.


On January 7, 2019, the Company issued a press release regarding Mr. Frichtel’s resignation and Mr. Feinsod’s appointment as interim Chief Executive Officer. A copy of the press release is furnished as Exhibit 99.1 hereto.


Item 9.01

 

Financial Statements and Exhibits.


Exhibit No.

  

Description

99.1

  

Press Release dated January 7, 2019.




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: January 10, 2019


 

GENERAL CANNABIS CORP

 

 

 

 

 

 

 

By:

/s/ Michael Feinsod

 

Name:

Michael Feinsod

 

Title:

Interim Chief Executive Officer





 EX-99.1 2 exh99_01.htm PRESS RELEASE DATED JANUARY 7, 2019 8-K

Exhibit 99.1


General Cannabis Commences CEO Transition Plan Following Retirement Announcement of CEO


DENVER, Colorado (January 7, 2019) – General Cannabis Corp. (OTCQX:CANN), the comprehensive resource for the highest quality service providers available to the regulated cannabis industry, has announced the retirement of its CEO Robert Frichtel. He will remain a member of the Board of Directors. The Board of Directors has engaged an executive search firm to find his replacement. Michael Feinsod, the Chairman of General Cannabis since 2014, will be the interim CEO.


“It has been a really exciting run for General Cannabis and I believe I leave the company in a tremendous position to take advantage of so many opportunities that this fast growing industry is providing,” said Frichtel.  “It is time for me to pass the baton off to another executive that can take the company to the next level and many above that. I will remain on the Board and look forward to contributing my years of experience and knowledge to the next generation of leadership.”


“We want to thank Robert Frichtel for all his years dedicated to building this company,” said Michael Feinsod, Chairman of General Cannabis. “Robert has been a trusted colleague and friend and we are glad that he will remain on the Board and still remain a contributing resource to the company. Robert has been an invaluable part of General Cannabis during his tenure. He has enhanced the organization at every level, adding key leadership talent, investing in infrastructure and navigating new growth opportunities within the cannabis industry.”


“We are focused on creating shareholder value by ensuring our employees are empowered and equipped to win customers in a rapidly evolving landscape. We have embarked on a search for a new CEO that will help build off the foundation we’ve already created. General Cannabis has positioned itself for significant expansion across all of our divisions and to also expand our portfolio into other subsidiary verticals”, said Feinsod.


###


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 our ability to take advantage of opportunities in our fast growing industry; our positioning for significant expansion across all of our divisions and our positioning to expand our portfolio into other subsidiary verticals; our focus on creating shareholder value; and our search for a new Chief Executive Officer. 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

Michael Feinsod

General Cannabis Corp

(303) 759-1300