Note (8) Subsequent Events
As defined in FASB ASC 855-10, “Subsequent Events”, subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued or available to be issued.
On April 5, 2019 one officer converted 100,000 Class J wa rrants to 87,500 shares in a cashless exercise.
On April 5, 2019 three principal shareholders converted 750,000 Class J warrants to 656,250 shares.
On April 5, 2019 three principal shareholders converted 450,000 Class I warrants to 448,125 shares.
On April 18, 2019, a group of persons and entities owning shares in the Company, sold 6,000,000 shares of Common Stock to MNSCO LLC, BHMNSCO LLC and One of a Kind Kamami LLC, entities which are more than 10% owned by Shai Cohen.
On May 7, 2019 Liron Carmel resigned as the Company’s Chief Executive Officer and sole director and Shai Cohen, a more than 10% shareholder was appointed as the Company’s Chief Executive Officer and sole director.
The Company evaluated all transactions and events that occurred subsequent to the balance sheet date and prior to the date on which the financial statements contained in this report were issued and determined that no such events or transactions necessitated disclosure.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
current outbreak of - March 30, 2020