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): October 9, 2017
CANNASYS, INC. | ||||
(Exact name of registrant as specified in its charter) | ||||
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Nevada |
| 000-54476 |
| 88-0367706 |
(State or other jurisdiction of |
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incorporation or organization) |
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| Identification No.) |
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1350 17th Street, Suite 150 |
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Denver, Colorado |
| 80202 | ||
(Address of principal executive offices) |
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Registrant’s telephone number, including area code: |
| Phone: (720) 420-1290 | ||
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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) |
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[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter). | |
| Emerging growth company [ ] |
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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. [ ] |
ITEM 7.01—REGULATION FD DISCLOSURE
On October 9, 2017, CannaSys, Inc., issued a press release, a copy of which is attached as Exhibit 99.01.
Explanatory Note
The information in Exhibit 99.01 is being furnished pursuant to Item 7.01 and Item 9.01 of Form 8-K and General Instruction B.2 thereunder. Such information will 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 will it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS
The following is filed as an exhibit to this report:
Exhibit Number* |
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Item 99 |
| Miscellaneous |
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99.01 |
| Press Release dated October 9, 2017 |
| Attached |
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*All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document.
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. | |
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Dated: October 10, 2017 | By: | /s/ Patrick G. Burke |
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| Patrick G. Burke, Chief Executive Officer |
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CannaSys, Inc. Provides Update to Shareholders:
Citizen Toke Product Expansion Remains on Track
Innovative Direct-to-Consumer Marketing Platform Bypasses Social Media to Grow
Customer Base for Cannabis Retailers and Brands
Denver, Colorado (PRWEB) October 09, 2017
CannaSys, Inc. (OTC PINK: MJTK) (“CannaSys”), a marketing, branding, and technology company, provides an update to its shareholders related to its strategy, operations, and outlook.
Earlier this year, in collaboration with Beta Killers, LLC, CannaSys launched Citizen Toke, its innovative text-message marketing platform, in beta format with 10 cannabis retailers in Colorado, including LivWell, one of the largest and best known dispensary chains, with eight stores and over 20,000 customers in its database.
Since then, Citizen Toke has offered over 1,600 deals with remarkable results. The average response rate is 40%, and recent conversion rates are 4%, outperforming most forms of online marketing tools.
Mr. Burke noted: “Citizen Toke has devised the ultimate solution for retailers and branded-product companies that desire to expand their customer base in a highly competitive environment, but are limited in the online tools available to them to conduct and analyze meaningful outreach. In the upcoming fourth quarter, we are slated to launch our alpha version of Citizen Toke with a substantial customer base and remain on track with our market development plan.”
Director Ben Tyson, who is also the CEO of Beta Killers, noted: “Very few resources exist for cannabis companies to aggregate and analyze customer data and create meaningful strategies to attract new customers. I am delighted to join CannaSys’s board to further its mission to provide unique, data-driven marketing to cannabis retailers and product companies badly in need of direct consumer interaction.”
CannaSys has published a White Paper that details the inner-workings of Citizen Toke, including its innovative value proposition, functionality, and revenue model. Digital versions of the White Paper may be found here: http://citizentoke.com/investors/CitizenToke_WhitePaper.pdf.
On September 22, 2017, CannaSys filed a preliminary information statement on Schedule 14C with the U.S. Securities and Exchange Commission, with the intent to increase its total authorized and available common stock to 12,000,000,000 shares. “Our proposed share increase will facilitate accretive acquisitions, although we do not have any immediate targets, and provide capital for future funding of our operations,” added Mr. Burke. “We think that the increase in authorized common stock will be sufficient to fund our operations for years and we anticipate Citizen Toke generating revenue next quarter.”
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 http://www.cannasys.com. Citizen Toke is CannaSys’s marquis product—connecting retailers, products, and brands with new customers through gamified, instant SMS deals.
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Investors are cautioned that these 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.