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Form 8-K for CANNAVEST CORP.


30-Jan-2015

Results of Operations and Financial Condition, Unregistered Sale of Equity Securi

Item 2.02 Results of Operations and Financial ConditionThe information set forth in Item 7.01 of this Current Report on Form 8-K (“Current Report”), including Exhibit 99.1 attached hereto, is incorporated by reference into this Item 2.02.

 

Item 3.02 Unregistered Sales of Equity SecuritiesOn January 28, 2015, the Company commenced an offering whereby the Company intends to sell up to $24 million of its restricted common stock in a private placement to accredited investors at a price per share of $2.00 (the “Offering”). On January 28, 2015, the Company sold an aggregate of 125,000 shares of its restricted common stock pursuant to the Offering to two investors for an aggregate purchase price of $250,000.

The issuance of the shares in connection with the Offering was exempt from registration under the Securities Act of 1933, as amended (the “Act”), in reliance on exemptions from the registration requirements of the Act in transactions not involved in a public offering pursuant to Rule 506(b) of Regulation D, as promulgated by the Securities and Exchange Commission under the Act.

The information set forth in Item 7.01 below is incorporated by reference into this Item 3.02.

 

Item 7.01 Regulation FD DisclosureIn connection with the Offering, on January 28, 2015, the Company disclosed certain information to prospective investors in an offering memorandum (the “Offering Memorandum”) and during an investor presentation to prospective investors with whom the Company has a substantive pre-existing relationship. Some of the information in the Offering Memorandum and disclosed in the investor presentation has not previously been disclosed publicly and is furnished as Exhibit 99.1 in the general form presented in the Offering Memorandum.

Exhibit 99.1 is incorporated herein solely for purposes of this Item 7.01 disclosure.

Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.

The information in Item 7.01 of this Current Report on Form 8-K (“Current Report”), including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act “), or otherwise subject to the liabilities of such section. The information in Item 7.01 of this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Act or the Exchange Act, regardless of any incorporation by reference language in any such filing. This Current Report will not be deemed an admission as to the materiality of any information in this Current Report that is required to be disclosed solely by Regulation FD.

The information set forth in Item 3.02 above is incorporated by reference into this Item 7.01.

 


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
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