0001445866-17-000605.txt : 20170510 0001445866-17-000605.hdr.sgml : 20170510 20170510114827 ACCESSION NUMBER: 0001445866-17-000605 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170509 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170510 DATE AS OF CHANGE: 20170510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CANNASYS INC CENTRAL INDEX KEY: 0001417028 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 880367706 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54476 FILM NUMBER: 17829154 BUSINESS ADDRESS: STREET 1: 1350 17TH STREET SUITE 150 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 800-420-4866 MAIL ADDRESS: STREET 1: 1350 17TH STREET SUITE 150 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: Thermal Tennis Inc. DATE OF NAME CHANGE: 20071031 8-K 1 mjtk_8k.htm 8-K 8-K Press Release AFN (May 9 2017)  (00442311.DOCX;1)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

 

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):  May 9, 2017

 

 

CANNASYS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

 

 

Nevada

 

000-54476

 

88-0367706

(State or other jurisdiction of

 

(Commission File Number)

 

(IRS Employer

incorporation or organization)

 

 

 

Identification No.)

 

 

 

 

 

1350 17th Street, Suite 150

 

 

Denver, Colorado

 

80202

(Address of principal executive offices)

 

(Zip code)

 

 

 

Registrant’s telephone number, including area code:  

 

Phone: (720) 420-1290

 

 

 

N/A

(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))

EXPLANATORY NOTE

 

 The information in this report, including the exhibit, is being furnished pursuant to Item 7.01 and Item 9.01 of Form 8-K and General Instruction B.2 thereunder. Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. 

 

 

ITEM 7.01—REGULATION FD DISCLOSURE

 

 On May 9, 2017, CannaSys, Inc. issued a press release, a copy of which is attached as Exhibit 99.01.   

 

 

ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS

 

 The following is filed as an exhibit to this report:   

 

Exhibit

Number

 

 

Title of Document

 

 

Location

 

 

 

 

 

99

 

Miscellaneous

 

 

99.01

 

Press release dated May 9, 2017

 

Attached

 

 

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. 

 

 

CANNASYS, INC.

 

Registrant

 

 

 

 

 

 

Dated: May 9, 2017

By:

/s/ Michael A. Tew

 

 

Michael A. Tew, Chief Executive Officer

 

 

 

2

 EX-99 2 ex9901.htm EXHIBIT 99.01

Exhibit 99.01

CannaSys, Inc. Announces Termination of Intent to Acquire Alliance Financial Network, Inc.

CannaSys to Accelerate its Focus on Distribution and Marketing of Citizen Toke

DENVER, CO / ACCESSWIRE / May 9, 2017 / CannaSys, Inc. (OTC PINK: MJTK) (CannaSys or the Company), a marketing, branding, and technology company, today announced that the letter of intent to acquire Alliance Financial Network, Inc. (AFN) has been terminated. Following several months of due diligence and negotiations, CannaSys management determined the transaction would not be favorable to its shareholders.

On March 29, 2017, CannaSys announced that it had signed a non-binding letter of intent to acquire AFN, a Colorado-based Fintech company that provides a unique, proprietary digital transaction and mobile payment solution. Following several months of due diligence and the negotiation of definitive terms, the parties were unable to agree on several fundamental terms. In February 2017, in anticipation of our acquisition of AFN and long term business relationship, we purchased 2,500,000 shares of AFN common stock for $25,000. We are seeking to rescind that transaction or failing that to assert all of our rights and remedies as a minority shareholder of AFN.

"Competition for financial solutions serving the cannabis industry is increasing every day and the cost of competing is becoming prohibitive," noted Michael Tew, CannaSys CEO. "Going forward, we plan to accelerate our rollout of Citizen Toke, a product that has proven demand, a motivated development and marketing team, and tremendous scalability. We will provide timely updates to shareholders on this plan in the coming days."

About CannaSys, Inc.

CannaSys is a technology solutions, marketing, and branding company. Its core products are delivered software as a service to facilitate point-of-purchase transactions and customer relationship marketing solutions. CannaSys plans to develop, acquire, and build strategic relationships with other businesses in order to bring additional solutions to market. For more information, please visit www.cannasys.com.

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including continued acceptance of CannaSys’s products, increased levels of competition for CannaSys, new products and technological changes, CannaSys’s dependence on third-party suppliers, and other risks detailed from time to time in CannaSys’s periodic reports filed with the U.S. Securities and Exchange Commission.

CannaSys, Inc.

Michael A. Tew

Chief Executive Officer

Tel: 720.420.1290

Email: michael.tew@cannasys.com

Web: www.cannasys.com