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): March 20, 2018
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. [ ] |
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ITEM 7.01—REGULATION FD DISCLOSURE
On March 20, 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 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:
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Item 99 |
| Miscellaneous |
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99.01 |
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| 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: March 27, 2018 | By: | /s/ Michael A. Tew |
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| Michael A. Tew, Chief Executive Officer |
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Exhibit 99.01
CANNASYS, INC. PROVIDES SHAREHOLDER UPDATE
DENVER, CO, March 20, 2018 (GLOBE NEWSWIRE) -- 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.
Following the successful market launch of Citizen Toke, its unique direct to consumer SMS-based social deals application, CannaSys announced that Michael Tew had been rehired as its Chief Executive Officer and Chief Financial Officer to spearhead its cryptocurrency efforts.
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 from Denver and Boulder. During the fourth quarter of 2017, CannaSys successfully launched Citizen Toke’s first platform with revenues to support its ongoing development and marketing.
“Citizen Toke has potential industry applications that are global in nature,” noted Michael Tew, CannaSys CEO. “We believe its applications in cryptocurrency transactions are far greater than that of the cannabis market and intend to acquire additional platform companies to expand our reach into that vertical.”
Also, during the last quarter of 2017, CannaSys successfully completed a reorganization of its capital structure. The reorganization provides ample availability to finance the company’s growth plans in the coming years.
2018: CannaSys to Launch Wide-Reaching Cryptocurrency Platforms
Following a successful product launch in 2017, CannaSys is now focused on leveraging its existing infrastructure into unique cryptocurrency products and services, currently under development, with a launch planned in the third quarter of 2018.
Management believes it is in the shareholders’ best interest to embrace blockchain and launch products and services combining CannaSys’s existing assets with cryptocurrency platforms. Mr. Tew has the experience in both capital markets and technology development to bring these new opportunities to market.
“We have evaluated numerous cryptocurrency 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 are 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 shareholders as these new developments take shape.
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. Citizen Toke is CannaSys’s marquis product—connecting retailers, products, and brands with new customers through gamified, instant SMS deals.
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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.
Contact:
CannaSys, Inc.
Michael A Tew
Chief Executive Officer
Tel: 720.420.1290
Email: michael.tew@cannasys.com
Web: www.cannasys.com
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