Sec Form 3 Filing - True Harvest, LLC @ Greenrose Holding Co Inc. - 2021-12-31

Insider filing report for Changes in Beneficial Ownership
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FORM 3
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
True Harvest, LLC
2. Issuer Name and Ticker or Trading Symbol
Greenrose Holding Co Inc. [ GNRS]
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)
4216 N. 43RD STREET
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2021
(Street)
PHOENIX, AZ85018
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
Common Stock 4,430,378( 1 ) D
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
Convertible Promissory Note $ 10 12/31/2021 12/31/2024 Common Stock 2,300,000( 2 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
True Harvest, LLC
4216 N. 43RD STREET
PHOENIX, AZ85018
X
Macchiaroli Michael
4216 N. 43RD STREET
PHOENIX, AZ85018
X
Signatures
/s/ Michael Macchiaroli, Manager of True Harvest, LLC 01/11/2022
Signature of Reporting Person Date
/s/ Michael Macchiaroli 01/11/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares held by True Harvest, LLC ("True Harvest"). Michael Macchiaroli is the sole manager of True Harvest and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
( 2 )Represents shares (the "Convertible Note Shares") issuable upon conversion of a convertible promissory note (the "Convertible Note") in the aggregate principal amount of $23 million held by True Harvest. The Convertible Note bears interest at a rate of 8.0% per annum and matures on December 31, 2024. All amounts of principal and interest under the Convertible Note may be paid in shares of common stock of The Greenrose Holding Company Inc. at a conversion price equal to $10.00, subject to adjustment, or, at True Harvest's election, in cash. The number of Convertible Note Shares reported in this Column 3 excludes shares issuable at the election of True Harvest upon conversion of accrued interest under the Convertible Note. Michael Macchiaroli is the sole manager of True Harvest and disclaims beneficial ownership of the Convertible Note Shares except to the extent of his pecuniary interest therein.

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