CANNASYS, INC. (OTCMKTS:MJTK) Files An 8-K Unregistered Sales of Equity Securities
ITEM 3.02UNREGISTERED SALES OF EQUITY SECURITIES
122,988,897 shares of its common stock to various investors to
the terms of their respective outstanding convertible promissory
notes. The convertible promissory notes were issued in reliance
on the exemption from registration provided in Section 4(a)(2) of
the Securities Act of 1933, as amended, for transactions not
involving any public offering. Each of the investors is either an
“accredited investor” as defined in Rule 501(a) of Regulation D
or a sophisticated investor able to bear the risks of the
investment. No underwriter participated in the offer and sale of
these securities, and no commission or other remuneration was
paid or given directly or indirectly in connection therewith.
and the corresponding number of shares issued, in connection with
outstanding convertible promissory notes:
|
Date
|
Note Holder
|
Price
|
Shares Issued
|
Amount Converted
|
|
|
01/19/2017
|
Kodiak Capital Group LLC
|
$0.0004
|
65,000,000
|
$26,000.00
|
|
|
01/19/2017
|
Black Forest Capital LLC
|
0.0008
|
11,939,846
|
9,253.28
|
|
|
01/20/2017
|
Colonial Stock Transfer Inc.
|
0.0007
|
13,289,051
|
8,970.11
|
|
|
01/20/2017
|
Auctus Fund LLC
|
0.0006
|
32,760,000
|
20,311.20
|
|
|
122,988,897
|
$64,534.59
|
About CANNASYS, INC. (OTCMKTS:MJTK)
CannaSys, Inc., formerly Thermal Tennis Inc., is a technology company. The Company provides technology services in the ancillary space of the cannabis industry. The Company creates, develops and commercializes solutions to solve customer service and provider problems; creates producer and retailer opportunities, and streamlines the connections among the producer, seller and consumer/patient segments for the medical and recreational cannabis community. Its products serve both medical and recreational growers, dispensers and customers. Its products include BumpUp Rewards, BumpUp Rewards White-Label Applications, CannaLIMS and MHB, Inc. Branded Products. Its BumpUp Rewards is an affiliate-based membership rewards loyalty program designed for the cannabis industry. CannaLIMS is a laboratory management information system product focused on the cannabis marketplace. It has interest in MHB, Inc., doing business as Mile High Brands. CANNASYS, INC. (OTCMKTS:MJTK) Recent Trading Information
CANNASYS, INC. (OTCMKTS:MJTK) closed its last trading session down -0.00058 at 0.00960 with shares trading hands.