CANNASYS, INC. (OTCMKTS:MJTK) Files An 8-K Unregistered Sales of Equity Securities

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CANNASYS, INC. (OTCMKTS:MJTK) Files An 8-K Unregistered Sales of Equity Securities

ITEM 3.02UNREGISTERED SALES OF EQUITY SECURITIES

On January 19 and January 20, 2017, CannaSys, Inc. issued
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.
The following table reflects the amounts of principal converted,
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.