1-A/A
    
      LIVE
      
        
          0001709542
          XXXXXXXX
        
        024-11272
      
    
  
  
    
      CannAssist International Corp.
      DE
      2017
      0001709542
      2833
      82-1873116
      2
      0
    
    
      1548 LOCH NESS DR.
      FALLBROOK
      CA
      92028
      760-990-3091
      Mark Palumbo
      Other
      17687.00
      0.00
      1564.00
      76189.00
      103197.00
      210137.00
      27840.00
      250215.00
      -147018.00
      103197.00
      269912.00
      143598.00
      0.00
      -2858939.00
      -0.16
      -0.16
      BF Borgers CPA PC
    
    
      Common
      18435000
      13766W106
      OTCQB Venture Market
    
    
      Series A Preferred
      1000
      00000None
      N/A
    
    
      Promissory Notes
      11
      00000None
      N/A
    
    
      true
    
    
      true
    
    
      Tier2
      Audited
      Equity (common or preferred stock)
      Option, warrant or other right to acquire another security
      Y
      N
      N
      Y
      N
      N
      4800000
      18435000
      0.7500
      900000.00
      0.00
      0.00
      0.00
      900000.00
      0.00
    
    
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      CannAssist International Corp.
      Common Stock; Series A Preferred Stock; Promissory Notes
      1026011
      1000
      Aggregate consideration for which the securities were issued was $2,984,000, and the basis for computing the amount thereof is as follows: The Company granted 175,000 shares of common stock for services. The shares were valued at $0.25 for total non-cash expense of $43,750. The Company sold 850,000 shares of common stock to six investors for total cash proceeds of $150,000 as part of a series of private placements. The Company issued 1,000 shares of its Series A Preferred Stock to Mark Palumbo, an officer and sole director of the Company. Based on the rights of the designation the shares of preferred stock were valued at 60% of the value of the total common stock outstanding. The shares of common stock have a current fair value of $0.25 per share resulting in total non-cash expense of $2,765,250. The Company issued 10 Convertible Promissory Note to 10 investors for aggregate proceeds of $29,500. The maturity date of the notes are 6 months from the date of issuance and there is no interest on the notes. At maturity, the unpaid principal will convert into shares of the common stock of the Company at a conversion price of $0.25 per share. As an inducement to enter into the notes, a total of 40,836 common stock purchase warrants were issued which enable the holders thereof to purchase 1 share of the common stock of the Company per warrant exercised at an exercise price of $0.50 per share. The Company issued 1 Promissory Note to 1 investor for aggregate proceeds of $10,000. The maturity date of the note is 24 months from the date of issuance. The interest rate on the note is 12% per annum.
      The Company issued 1,000 shares of its Series A Preferred Stock to Mark Palumbo, an officer and sole director of the Company. Based on the rights of the designation the shares of preferred stock were valued at 60% of the value of the total common stock outstanding. The shares of common stock have a current fair value of $0.25 per share resulting in total non-cash expense of $2,765,250.
    
    
      The issuance of the shares of common stock and the promissory notes were each exempt from registration under Section 4(a)(2) and Rule 506(b). The issuance of the shares of preferred stock were exempt from registration under Section 4(a)(2).