TREES Corporation (CANN)

[BigGoofyIrishman]

Does anyone know the current standing between Full Circle and CANN?

As far as we know is their deal still in place.

To refresh everyone from the 10k

On January 21, 2014 we signed an agreement with Full Circle Capital Corporation, a closed-end investment company. The agreement provides that Full Circle will initially provide $7.5 million to us in the form of Senior Secured Convertible Notes, subject to certain conditions. We can borrow an additional $22.5 million with the mutual agreement of us and Full Circle.

At least 95% of the loan proceeds will be used to acquire properties which will lease to licensed marijuana growers.

Full Circle will provide us with the $7.5 million when:

?Full Circle agrees on the location of property to be purchased;
?The property’s appraised value is satisfactory to Full Circle;
?A Phase I environmental inspection is completed to the satisfaction of Full Circle; and
?We are able to provide a first priority lien on the property to Full Circle.

We can borrow an additional $22.5 million on terms acceptable to us and Full Circle.
The six-year loan will be secured by real estate acquired with the loan proceeds and will require interest-only payments at a rate of 12% per year.