Item 2.01 - Completion of Acquisition or Disposition of Assets.

Acquisition of CBD Assets from CannabidiolHemp

On November 15, 2019, Kid Castle Educational Corporation, through its wholly owned subsidiary, Cannabinoid Bioscinces, Inc. completed the acquisition of CannabidiolHemp (CannabidiolHemp.net), a premium CBD quality aggregator and standard validator. This is the beginning of many acquisitions to build Kid Castle into a major "pure-play" CBD operation in the United States and Canada. Starting with CBD distribution channel, like CannabidiolHemp, Kid Castle is well on its way to become the most vertically integrated "pure-play" CBD operation in the United States and Canada. Once we have gained a good footing on the CBD distribution channel, we would then move our acquisition machine towards the CBD supply-chain to ensure full vertical integration. Control of CannabidiolHemp will help Kid Castle in establishing a solid position to lead the standardization of Farm Bill compliant hemp-based medicinal products to serve the rapidly growing CBD market - a segment some analysts have predicted will soar to $11 billion by 2026.


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Kid Castle Educational Corporation (OTC: KDCE) controls and manages Cannabinoid Biosciences, Inc. ("CBDZ"), a California based Biopharmaceutical Company seeks to revolutionize and standardize the pharmaceuticals and non-pharmaceutical CBD products formulations and applications across the CBD market in the United States of America. Through Cannabinoid Biosciences, Inc. (CBDZ) Kid Castle plans to push into the legal CBD business that includes: (1) Ownership interest in certain businesses that extract, purchase and distribute Bulk Pure CBD, Isolate, Hemp Oil, THC-free CBD Distillate and Crude CBD Oil; (2) Partnerships with local farmers to grow farm bill compliant hemp biomass; (3) Partnerships with extract facilities across the U.S. who manufacture hemp-based ingredients to meet the specific needs financial products in form of asset-backed loans, business property mortgages and other financial products to qualified individuals/businesses in the legal-CBD businesses.

Item 9.01. Financial Statements and Exhibits.






(d)   Exhibits



Exhibit No.   Description

99.1 Press release dated November 18, 2019

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