Sec Form 4 Filing - TCM Tactical Opportunities Fund II LP @ TREES Corp (Colorado) - 2024-11-08

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
TCM Tactical Opportunities Fund II LP
2. Issuer Name and Ticker or Trading Symbol
TREES Corp (Colorado) [ CANN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
4 INTERNATIONAL DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
11/08/2024
(Street)
RYE BROOK, NY10573
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants ( 1 ) ( 2 ) $ 0.4 11/08/2024 H 592,858 02/08/2021 09/15/2029 Common Stock, $0.001 par value per share 592,858 ( 3 ) 0 D ( 4 ) ( 5 )
Warrants ( 1 ) ( 2 ) $ 0.066 11/08/2024 P 592,858 11/08/2024 11/15/2029 Common Stock, $0.001 par value per share 592,858 ( 3 ) 592,858 D ( 4 ) ( 5 )
Warrants ( 1 ) ( 2 ) $ 0.4 11/08/2024 H 1,039,942 04/20/2021 09/15/2029 Common Stock, $0.001 par value per share 1,039,942 ( 3 ) 0 D ( 4 ) ( 5 )
Warrants ( 1 ) ( 2 ) $ 0.066 11/08/2024 P 1,039,942 11/08/2024 11/15/2029 Common Stock, $0.001 par value per share 1,039,942 ( 3 ) 1,039,942 D ( 4 ) ( 5 )
Warrants ( 1 ) ( 2 ) $ 0.4 11/08/2024 H 4,912,349 09/16/2022 09/15/2029 Common Stock, $0.001 par value per share 4,912,349 ( 3 ) 0 D ( 4 ) ( 6 )
Warrants ( 1 ) ( 2 ) $ 0.066 11/08/2024 P 4,912,349 11/08/2024 11/15/2029 Common Stock, $0.001 par value per share 4,912,349 ( 3 ) 4,912,349 D ( 4 ) ( 6 )
Warrants ( 1 ) ( 2 ) $ 0.066 11/08/2024 P 2,500,000 11/08/2024 11/15/2029 Common Stock, $0.001 par value per share 2,500,000 ( 7 ) 2,500,000 D ( 4 ) ( 6 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TCM Tactical Opportunities Fund II LP
4 INTERNATIONAL DRIVE
RYE BROOK, NY10573
X
Context|TCM Series Fund LP - Context|TCM Tactical Opportunities Series
4 INTERNATIONAL DRIVE
RYE BROOK, NY10573
X
Signatures
TCM TACTICAL OPPORTUNITIES FUND II LPBy: Troob Capital Management LLC, its General PartnerBy: /s/ Douglas M. TroobDouglas M. Troob, Managing Member 02/06/2025
Signature of Reporting Person Date
CONTEXT|TCM SERIES FUND LP - CONTEXT|TCM TACTICAL OPPORTUNITIES SERIESBy: Context|TCM Tactical Opportunities GP, LLC, its General PartnerBy: TCM Private Capital Advisors LLC, its Managing MemberBy: /s/ Douglas M. TroobDouglas M. Troob, Manager 02/06/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 4 is filed jointly by TCM Tactical Opportunities Fund II LP ("Tactical Opportunities Fund"); Troob Capital Advisors LLC ("Capital Advisors"); Context|TCM Series Fund LP - Context|TCM Tactical Opportunities Series ("Context|TCM Series"); Context|TCM Tactical Opportunities LLC ("Context|TCM LLC"); Douglas M. Troob; and Peter J. Troob (collectively, the "Reporting Persons").
( 2 )Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.
( 3 )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.
( 4 )Securities owned directly by the noted fund entity. Capital Advisors, as the investment manager of Tactical Opportunities Fund, may be deemed to beneficially own the shares of Common Stock beneficially owned by Tactical Opportunities Fund. Context|TCM LLC, as the investment manager of Context|TCM Series, may be deemed to beneficially own the shares of Common Stock beneficially owned by Context|TCM Series. Messrs. Troob and Troob, as the Managing Members of Capital Advisors and Context|TCM LLC, may be deemed to beneficially own the shares of Common Stock beneficially owned by each of Capital Advisors and Context|TCM LLC.
( 5 )Owned directly by Context|TCM Series.
( 6 )Owned directly by Tactical Opportunities Fund.
( 7 )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.

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