CABINET GROW, INC. (OTCMKTS:CBNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

CABINET GROW, INC. (OTCMKTS:CBNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Story continues below

Item5.02

DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.

Departure of Directors or Certain
Officers

On May 2, 2017, Samuel May notified the Company that he is
resigning as the Companys President, Chief Executive Officer and
Interim Chief Financial Officer for personal reasons and to
pursue other interests.Mr. May indicated that his resignation was
voluntary and has no disagreements with management and will
continue to serve on the Companys Board of Directors as Chairman.

Appointment of Principal Officer

On May 2, 2017, Mr. Barry Hollander was appointed Chief Executive
Officer and Chief Financial Officer of the Company and has also
been named to serve as a member of the Board of Directors and
shall serve until the next Annual Meeting of Stockholders and
thereafter, until his respective successor is duly elected,
qualified and practicable to replace Mr. Hollander. Mr. Hollander
is the sole member of Venture Equity, LLC, a financial consulting
Florida limited liability company. Venture Equity has been
compensated $4,000 a month since September 2016, for providing
these services.

Mr. Hollander was previously the company’s CEO and CFO from
January 12, 2016 through May 16, 2016.

Item 9.01. Financial Statements and
Exhibits

(d) Exhibits.
Exhibit No. Description

5.1

Resignation of Samuel May


CABINET GROW, INC. (OTCMKTS:CBNT) Recent Trading Information

CABINET GROW, INC. (OTCMKTS:CBNT) closed its last trading session 00.000 at 0.610 with shares trading hands.

An ad to help with our costs