Section 5.06 - Change in Shell Company Status.
As disclosed in its Annual Report on Form 10-K for the year ended
As reported in the Form 10-K, after the change of control the Registrant took a number of material actions including: (i) changing its board of directors; (ii) hiring a new Principal Executive Officer; (iii) retaining consultants; (iv) entering into an office lease and a second lease for a licensed commercial research and product development facility; and, (v) approved budgets and business plans for research and development operations.
Subsequently, the Registrant produced product samples and began marketing and
consumer sales initiatives to prospective customers, from which the Registrant
reported revenues of
Þ Provisional Patent Filing - Sub-micron and micro-sized particles combining
cannabinoids and d-?-tocopheryl polyethylene glycol 1000 succinate (TPGS)
produced via an electrosprayed apparatus.
Þ Provisional Patent Filing - Edible cannabinoid delivery and packaging
technology enhanced with solid polymeric nanoparticles and d-?-tocopheryl polyethylene glycol 1000 (TPGS) succinate containing nanoparticles produced via an electrosprayed apparatus.
Þ Provisional Patent Filing - Edible, 4D printed thermal, moisture or
environmental induced shape-changing device for delivery of cannabinoids or
other active ingredients to beverages or foods.
Þ Provision Patent - Nanoparticles and nanofibers of cannabinoids.
Þ Provision Patent Filing - Powdered formations of cannabinoids.
Þ Trade Mark Application - Hemp You Can Feel™
Þ Trade Mark Application - Gummies You Can Feel™
The Registrant files this Form 8-K notwithstanding General Instruction B.3. to
Form 8-K, since it ceased being a shell company, as that term is defined in Rule
12b-2 under the Exchange Act (17 CFR 240.12b-2), on
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