0001654954-19-002685.txt : 20190313 0001654954-19-002685.hdr.sgml : 20190313 20190313163627 ACCESSION NUMBER: 0001654954-19-002685 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190313 FILED AS OF DATE: 20190313 DATE AS OF CHANGE: 20190313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CordovaCann Corp. CENTRAL INDEX KEY: 0001168981 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50492 FILM NUMBER: 19678646 BUSINESS ADDRESS: STREET 1: 8 KING STREET EAST STREET 2: SUITE 1010 CITY: TORONTO STATE: A6 ZIP: M5C 1B5 BUSINESS PHONE: (416) 843-2881 MAIL ADDRESS: STREET 1: 8 KING STREET EAST STREET 2: SUITE 1010 CITY: TORONTO STATE: A6 ZIP: M5C 1B5 FORMER COMPANY: FORMER CONFORMED NAME: LiveReel Media CORP DATE OF NAME CHANGE: 20061201 FORMER COMPANY: FORMER CONFORMED NAME: NOBLE HOUSE ENTERTAINMENT INC. DATE OF NAME CHANGE: 20041115 FORMER COMPANY: FORMER CONFORMED NAME: FIRST EMPIRE CORP INC. DATE OF NAME CHANGE: 20040507 6-K 1 lvrlf_8k.htm CURRENT REPORT Blueprint
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
March 13, 2019
 
Commission File Number:  000-50492
 
CORDOVACANN CORP.
(Translation of registrant's name into English)
 
 
8 King Street East, Suite 1010
Toronto, Ontario, Canada, M5C 1B5
 (Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
[ X ] Form 20-F  [   ] Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [   ]
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [   ]
 
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes [   ]       No [ X ]
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
 
 
 
 

 
 
 
 
Exhibits
 
Exhibit No.
Description
 
 
Press Release dated March 13, 2019 from CordovaCann Corp.
 
 
 
 
 
 
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, thereunto duly authorized.
 
 
 
 
 
 
 CORDOVACANN CORP.
 
 
 
Date: March 13, 2019
By:  
/s/ Ashish Kapoor
 
Ashish Kapoor
Chief Financial Officer
 
 
 
 
EX-99.1 2 lvrlf_ex991.htm PRESS RELEASE Blueprint
  Exhibit 99.1
CORDOVACANN ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT
 
TORONTO, ONTARIO, March 13, 2019 – CordovaCann Corp. (CSE: CDVA) (OTCQB: LVRLF) (“Cordova” or the “Company”), a cannabis-focused consumer products company, announced today the closing of a non-brokered private placement offering (the “Offering”) of unsecured subordinated debenture units of the Company (the “Debenture Units”) for gross proceeds of $600,000.
 
Each Debenture Unit consists of $1,000 principal amount of unsecured subordinated convertible debentures (the “Debentures”) and 500 common share purchase warrants (the “Warrants”) of the Company. The Debentures shall mature on March 12, 2021 (the “Maturity Date”) and bear interest at a rate of 10% per annum, accrued monthly and payable on the Maturity Date. The outstanding principal amount of the Debentures and any accrued interest is convertible into common shares of the Company at the option of the holder at anytime prior to the Maturity Date at a conversion price of $1.00 per share. Furthermore, the Company also has the option to force conversion of the Debentures and any accrued interest at the same conversion price if the Company’s common shares trade above $2.50 per share for ten consecutive trading days. Each full Warrant entitles the holder to purchase one common share of the Company exercisable until March 12, 2021 at a price of $1.20 per share. In connection with the Offering, the Company issued an aggregate of $600,000 in Debentures and an aggregate of 300,000 Warrants. The proceeds of the Offering will be used for capital expenditures and general working capital.
 
The Debentures and Warrants sold under the Offering, and any common shares of the Company issuable upon conversion or exercise thereof (collectively, the “Securities”), are subject to a statutory four month and one day hold period expiring on July 14, 2019, and such further restrictions as may apply under foreign securities laws.
 
The Securities have not and will not be registered under the United States Securities Act of 1933, as amended, and any other applicable state securities laws and therefore may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent of registration or an applicable exemption from registration requirements.
 
This press release does not constitute a solicitation or offering to purchase any securities of the Company. All references to dollar amounts in this press release are in Canadian Dollars unless stated otherwise.
 
About CordovaCann Corp.
 
CordovaCann Corp. is a Canadian-domiciled company focused on building a leading, diversified cannabis products business across multiple jurisdictions including Canada and the United States. Cordova primarily provides services and investment capital to the processing and production vertical markets of the cannabis industry.
 
Forward-looking Statements
 
This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. The Company cannot provide assurances that the matters described in this press release will be successfully completed or occur. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the Company's ability to retain key management and employees; intense competition and the Company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the Company's public filings on EDGAR and SEDAR. The Company undertakes no obligation to update information contained in this press release. For further information regarding risks and uncertainties associated with the Company's business, please refer to the risks and uncertainties detailed from time to time in the Company's EDGAR and SEDAR filings.
 
Company Contact:
Taz Turner
Chief Executive Officer
taz@cordovacann.com
(917) 843-2169
 
Investor Contact:
Phil Carlson / Elizabeth Barker
KCSA Strategic Communications
cordova@kcsa.com
(212) 896-1233
 
Media Contact:
Anne Donohoe
KCSA Strategic Communications
adonohoe@kcsa.com
(212) 896-1265