3//SEC Filing
Shore Ventures III, LP 3
Accession 0001104659-20-072441
CIK 0001477009other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 4:31 PM ET
Size
17.7 KB
Accession
0001104659-20-072441
Insider Transaction Report
Form 3
HERSHEY MANAGEMENT I, LLC.
10% Owner
Holdings
- (indirect: See footnote)
Warrants to purchase common stock
Exercise: $0.56From: 2020-05-29Exp: 2025-05-29→ Common stock (1,506,402 underlying) - 3,477,278(indirect: See Footnote)
Common Stock
- 2,008,536(indirect: See Footnote)
Common Stock
Hershey Management IV, LLC
10% Owner
Holdings
- (indirect: See footnote)
Warrants to purchase common stock
Exercise: $0.56From: 2020-05-29Exp: 2025-05-29→ Common stock (1,506,402 underlying) - 2,008,536(indirect: See Footnote)
Common Stock
- 3,477,278(indirect: See Footnote)
Common Stock
Hershey Strategic Capital, LP
10% Owner
Holdings
- (indirect: See footnote)
Warrants to purchase common stock
Exercise: $0.56From: 2020-05-29Exp: 2025-05-29→ Common stock (1,506,402 underlying) - 2,008,536(indirect: See Footnote)
Common Stock
- 3,477,278(indirect: See Footnote)
Common Stock
HERSHEY ADAM
Director10% Owner
Holdings
- 3,477,278(indirect: See Footnote)
Common Stock
- 2,008,536(indirect: See Footnote)
Common Stock
- (indirect: See footnote)
Warrants to purchase common stock
Exercise: $0.56From: 2020-05-29Exp: 2025-05-29→ Common stock (1,506,402 underlying)
HERSHEY STRATEGIC CAPITAL GP, LLC
10% Owner
Holdings
- 3,477,278(indirect: See Footnote)
Common Stock
- 2,008,536(indirect: See Footnote)
Common Stock
- (indirect: See footnote)
Warrants to purchase common stock
Exercise: $0.56From: 2020-05-29Exp: 2025-05-29→ Common stock (1,506,402 underlying)
Shore Ventures III, LP
10% Owner
Holdings
- 2,008,536(indirect: See Footnote)
Common Stock
- (indirect: See footnote)
Warrants to purchase common stock
Exercise: $0.56From: 2020-05-29Exp: 2025-05-29→ Common stock (1,506,402 underlying) - 3,477,278(indirect: See Footnote)
Common Stock
Footnotes (3)
- [F1]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") 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)
- [F2]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.
- [F3]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 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.
Documents
Issuer
GENERAL CANNABIS CORP
CIK 0001477009
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001721551
Filing Metadata
- Form type
- 3
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 4:31 PM ET
- Size
- 17.7 KB