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Form 8-K for CANNABIS SATIVA, INC.


4-Jun-2015

Unregistered Sale of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities.The Registrant, Cannabis Sativa, Inc., has issued a 10% Senior Convertible Security in the face amount of $300,000. The debenture comes due on April 30, 2017, and is convertible any time into shares of common stock of the Registrant at the rate of $2.00 per share. The debenture was issued to one entity and the Registrant received $300,000 in cash proceeds in connection with the transaction. The issuance of the debenture was exempt from the registration requirements of Section 5 of the Securities Act of 1933 pursuant to Rule 506(b) of Regulation D. There was no general solicitation in connection with the transaction.


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