General Cannabis Corp (OTCPK:CANN) agreed to acquire Assets of TDM, LLC and Station 2, LLC for $26.2 million on April 18, 2021. The purchase price for the transaction consists of a cash payment of $1.41 million at closing, and an additional $2.11 million in cash payable for a period of 24 months from the closing. In addition, at the closing, the General Cannabis Corp will issue to the TDM, LLC and Station 2, LLC 27.35 shares of the General Cannabis Corp’s common stock. In a related transaction Trees Acquisition Corp acquired assets of Trees Waterfront, LLC, Trees MLK Inc. and Trees Portland, LLC. As part of the transaction, General Cannabis has agreed to employ Timothy Brown, managing member of the Sellers, to serve as the General Cannabis Chief Visionary Officer for a term of two years, subject to earlier termination upon certain conditions. Closing of the transaction is subject to standard closing conditions, including regulatory approval of the transfer of the cannabis licenses by the applicable Colorado and Oregon cannabis regulatory authorities. Closing of the transaction is subject to standard closing conditions, including regulatory approval of the transfer of the cannabis licenses by the applicable Colorado and Oregon cannabis regulatory authorities, consummation of due diligence, subject to a two-year non-competition and non-solicitation covenant prohibiting such parties from engaging in (other than with respect to the Assets) and employment agreement. David Wunderlich of Hoban Law Group acted as legal advisor to Trees Acquisition Corp. Perry N. Salzhauer of Green Light Law Group acted as legal advisor to TDM, LLC and Station 2, LLC. General Cannabis Corp (OTCPK:CANN) completed the acquisition of Assets of TDM, LLC and Station 2, LLC for $13.5 million on September 2, 2021. The cash paid by General Cannabis Corp consisted of $1,155,256.09 and the stock consideration shall be 22,380,310 shares of the General Cannabis Corp’s Common Stock. Further, cash equal to $1,732,884.14 will be paid to Seller in equal monthly installments over a period of 24 months from Closing.