Home > Insider Trading > Filing (0001104659-20-088525)

Filing Details

Accession Number:: 0001104659-20-088525
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-07-30 20:08:27
Reporting Period:: 2020-07-28

Accepted Time:: 2020-07-30 20:08:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1477009	General Cannabis Corp	CANN	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1440975	Adam Hershey	6 Pompano Road Rumson NJ 07760	Yes	No	Yes	No
1465476	Hershey Strategic Capital, Lp	6 Pompano Road Rumson NJ 07760	No	No	Yes	No
1494208	Hershey Management I, Llc.	6 Pompano Road Rumson NJ 07760	No	No	Yes	No
1613737	Hershey Strategic Capital Gp, Llc	6 Pompano Road Rumson NJ 07760	No	No	Yes	No
1721551	Shore Ventures Iii, Lp	6 Pompano Road Rumson NJ 07760	No	No	Yes	No
1814077	Hershey Management Iv, Llc	6 Pompano Road Rumson NJ 07760	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-07-28	502,134	$0.40	2,510,670	No	4	P	Indirect	See footnote (1) and
Common Stock	Acquisiton	2020-07-28	1,544,062	$0.40	5,021,340	No	4	P	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote (1) and
No	4	P	Indirect	See footnote

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants to purchase common stock	Acquisiton	2020-07-28	376,600	$0.00	376,600	$0.56
Common Stock	Warrants to purchase common stock	Acquisiton	2020-07-28	1,158,047	$0.00	1,158,047	$0.56

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
376,600	2020-07-28	2025-05-29	No	4	A	Indirect
1,158,047	2020-07-28	2025-05-29	No	4	A	Indirect

Footnotes

Represents shares of the common stock of the Issuer, and warrants to purchase shares of the common stock of the Issuer, that were acquired by Hershey Strategic Capital, LP ("HSC LP") on July 28, 2020 at a third closing effected pursuant to a Subscription Agreement dated as of May 29, 2020 among HSC LP, Shore Ventures III, LP ("Shore Ventures") and the Issuer. Such shares of common stock and warrants are held directly by HSC LP. Hershey Management I, LLC is the investment advisor of HSC LP. Hershey Strategic Capital GP, LLC is the general partner of HSC LP. (continue with footnote 2)
Adam Hershey is the sole managing member of both Hershey Management I, LLC and Hershey Strategic Capital GP, LLC. As the investment advisor of HSC LP, Hershey Management I, LLC, which is controlled by Mr. Hershey, has the voting and dispositive power with respect to all of the securities of the Issuer owned by HSC LP. Each of Hershey Management I, LLC, Hershey Strategic Capital GP, LLC and Adam Hershey disclaims beneficial ownership in the securities of the Issuer held directly by HSC LP except to the extent of its pecuniary interest therein.
Represents shares of the common stock of the Issuer, and warrants to purchase shares of the common stock of the Issuer, that were acquired by Shore Ventures on July 28, 2020 at a third closing effected pursuant to a Subscription Agreement dated as of May 29, 2020 among HSC LP, Shore Ventures and the Issuer. Such shares of common stock and warrants are held directly by Shore Ventures. Hershey Management IV, LLC is the general partner of Shore Ventures. Adam Hershey is the sole managing member of Hershey Management IV, LLC. As the general partner of Shore Ventures, Hershey Management IV, LLC, which is controlled by Mr. Hershey, has the voting and dispositive power with respect to all of the securities of the Issuer owned by Shore Ventures. Each of Hershey Management IV, LLC and Adam Hershey disclaims beneficial ownership in the securities of the Issuer held directly by Shore Ventures except to the extent of its pecuniary interest therein.