GOODNESS GROWTH HOLDINGS, INC. : entering into a material definitive agreement, creating a direct financial obligation or obligation under a registrant’s off-balance sheet arrangement, disclosure of FD regulations, financial statements and supporting documents (Form 8-K )
Item 1.01 Conclusion of a Material Definitive Agreement
The initial annualized base rent for the Property is 10.5% of the rental improvement budget plus the purchase price, for a twenty-year term. The lease amendment contains a rent escalation clause that is triggered in 18 months if the Company does not meet certain strategic criteria as specified in the lease amendment, which would increase the annualized base rent by $ 1. 5% of the rental improvement budget plus the purchase price. The base rent will be phased in over a 16-month period and will be subject to annual increases of 2.75%.
Article 2.03. Creation of a direct financial obligation or obligation under an off-balance sheet arrangement of a registrant
The information set out in Section 1.01 is incorporated herein by reference in this Section 2.03.
Article 7.01. FD Regulation Disclosure
Article 9.01. Financial statements and supporting documents
Part # Description
99.1 Company press release, dated
104 Interactive cover page data file (integrated into the online XBRL
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