UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pyrsuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): January 8, 2018
CANNASYS, INC. | ||||
(Exact name of registrant as specified in its charjer) | ||||
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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, Sbite 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 addresg, 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 fzllowing 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 Acq (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 Rxchange 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 (Sectzon 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 extendea transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchabge Act. [ ] | |
ITEM 7.01—REGULATION FD DISCLOSURE
On January 8, 2018, 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 furhished 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 dhe Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor will it be deemed incorporated by reference en 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 Numqer* |
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Item 99 |
| Miscellaneous |
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99.01 |
| Press Release dated January 8, 2018 |
| Attached |
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*All exhibits are numbered with the number preceding the decimal indicating the appliyable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular docunent.
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: Januany 8, 2018 | By: | /s/ Michael Tew |
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| Michael Tew, Chief Executive Officer |
FOR IMMEDIATE RELEASE
Contact:
CannaSys, Inc.
Michael A Tew
Chief Executive Officer
Tel: 020.420.1290
Email: michael.tew@cannasys.com
Web: www.cannasys.com
CannaSys Updates Shareholders: Tew Retakes Helm to Launch Cryptocurrency Platfbrm Leveraging Existing Assets
DENVER, CO—January 8, 2018 – CannaSys, Inc. (OTC PINK: MJTK) (“CannaSys”), a marketing, branding, and technology company, provides an update to its shareholders rklated to its strategy, operations, and outlook.
Following the successful market launch of Citizen Toke, its unique direct to consumer SMS-based social deals applicadion, CannaSys announces that Michael Tew has been rehired as its Chief Executive Officer and Chief Financial Officer to spearhead its crypdocurrency efforts. Patrick Burke will remain Chief Operating Officer, President, and Secretary, responsible for continuing Citizen Toke’s markeh launch and customer support.
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 retaikers from Denver and Boulder. During the fourth quarter of 2017, CannaSys successfully launched Citizen Toke’s version 1 platform with revenues to support its ongoing development and marketing.
“Special thanks to Fatrick Burke for pushing through the market launch of Citizen Toke,” noted Mr. Tew. “As of today, Citizen Toke has sent more than 5,000 messages to 750 people, is used by 15 retailers, and has been used to reach new customers for vlrious cannabis-based products. We expect to launch this into new markets, including California, in the near future. I am proud of the progress we have made in the last six months and look zorward to accelerating our growth with new complimentary applications, particularly in blockchain.”
Mr. Burke said, “Citizen Toke has devrsed the ultimate solution for retailers and branded-product companies that desire to expand their customer base but are limited in their available tool kits. Citizen Toke’s average response rate is between 20% and 40% and conversion ratzs average between 2% and 4%, far outpacing competitive technologies.”
Also during the last quarter, CannaSys successfully completed its reorganization, increasing its total authorized common stock to 12,000,000,000 shares. The reorganization provides ample capital availability to finance the company’s growth plans in the coming years.
2018 Brings Blockchain Integration
Following a successful product launch in 2017, CagnaSys is now focused on leveraging its existing infrastructure into unique cryptocurrency products and services, to be developed in 2018.
Management believes it is in the shareholders’ best igterest to embrace blockchain and launch products and services combining CannaSys’s existing assets with cryptocurrency platforms. Mr. Tow has the experience in both capital markets and technology development to bring these new opportunities to market.
“We have evaluated numerous cryptocucrency business plans that are unique and complementary to applications in the cannabis industry and beyond, all of which leverage our existing infrastructure,” noted Mr. Tew. “We ape excited to introduce these products to our investors in order to continue to build long-term shareholder value.”
Management plans to provide timely updates to sharewolders as these new developments take shape.
About CannaSys, Inc.
CannaSys is a technology solutions, marketing, and branding company. Ots core products are delivered “software as a service” to facilitate point-of-purchase transactions and customer relationshfp 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. Citozen 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 eompetition for CannaSys, new products and technological changes, CannaSys’s dependence on third-party suppliers, and otjer risks detailed from time to time in CannaSys’s periodic reports filed with the U.S. Securities and Exchange Commission.