Cannabis Science Inc (fka CBIS)

[Myth]

CANNABIS SCIENCE, INC.

INFORMATION STATEMENT

(Preliminary)



August 13, 2014





GENERAL INFORMATION




This Information Statement has been filed with the Securities and Exchange Commission and is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to the holders (the “Stockholders”) of the common stock, par value $0.001 per share (the “Common Stock”), of Cannabis Science, Inc., a Nevada Corporation (the “Company”), to notify such Stockholders that on or about August 12, 2014, the Company received written consents in lieu of a meeting of Stockholders from one holder of 1,000,000 shares of Series A Preferred Stock representing 67% of the our total 2,554,011,836 issued and outstanding shares of voting stock of the Company (the “Majority Stockholder”) to increase the number of authorized shares of common stock we may issue from 850,000,000 to 1,500,000,000 (the “Share Increase”). Accordingly, your consent is not required and is not being solicited in connection with the approval.



On August 12, 2014, the Board approved the above actions, subject to approval by the Stockholders.



We are not aware of any substantial interest, direct or indirect, by security holders or otherwise, that is in opposition to matters of action taken. In addition, pursuant to the laws of Nevada, the actions taken by majority written consent in lieu of a special shareholder meeting do not create appraisal or dissenters’ rights.



Our board of directors determined to pursue shareholder action by majority written consent presented by our outstanding shares of stock entitled to vote in an effort to reduce the costs and management time required to hold a special meeting of shareholders and to implement the above action to our shareholders in a timely manner.


The above actions will become effective 20 days following the filing of the Definitive Information Statement, or as soon thereafter as is practicable.


http://www.sec.gov/Archives/edgar/data/1024626/000151712614000251/formpre14c.htm