Current Report Filing (8-k)
June 17 2020 - 5:01AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): June 15, 2020
AMERICAN
CANNABIS COMPANY, INC.
(Exact Name
of Registrant as Specified in its Charter)
|
Delaware
(State
or other jurisdiction of incorporation or organization)
|
Commission
File Number
000-26108
|
90-1116625
(I.R.S.
Employer
Identification
Number)
|
2590
Walnut Street #6, Denver, Colorado 80205
(Address
of Principal Executive Offices and Zip Code)
(303)
974-4770
(Issuer's
telephone number)
(Former
Name or Former Address, if Changed Since Last Report)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule
12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Section
8 - Other Events
Item
8.01 Other Events.
On
October 15, 2019, the Company filed Form 8-K disclosing its entry into a material definitive agreement with White Lion Capital,
a Nevada Limited Liability Company (“White Lion”). Pursuant to an Common Stock Purchase Agreement between the Company
and White Lion, White Lion agreed to invest up to Seven Million, Five Hundred Thousand Dollars ($7,500,000) to purchase the Registrant’s
Common Stock, par value $0.00001 per share. Concurrently, the Registrant and White Lion entered into a Registration Rights
Agreement, whereby the Registrant agreed to provide certain registration rights under the Securities Act of 1933, as amended,
and the rules and regulations thereunder, and applicable state securities laws, with respect to the shares of Common Stock issuable
to White Lion pursuant to the terms and conditions of the Common Stock Purchase Agreement.
On
October 23, 2019, the Company filed Form S-1 Registration Statement for 34,090,909 shares of Company common stock to be sold to
White Lion under the Common Stock Purchase Agreement and Registration Rights Agreement. The Securities and Exchange Commission
granted notice of effectiveness of the registration on November 4, 2019.
Pursuant
to the Common Stock Purchase Agreement, on June 15, 2020, the Company sold 250,000 registered common shares to White Lion in exchange
for $28,525.50.
The
Company will use the funds for general corporate and working capital purposes and acquisitions of assets, businesses or operations
or for other purposes that the board of directors of the Company, in its good faith, deems to be in the best interest of the Company.
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated June
16, 2020
AMERICAN CANNABIS
COMPANY, INC.
(Registrant)
By: /s/ Terry
Buffalo
Terry Buffalo
Principal
Executive Officer
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