Skye Bioscience Inc (SKYE)

[jamcneel]

DESCRIPTION OF SECURITIES

Common Stock

The Company’s Articles of Incorporation, as amended, authorize us to issue 236,000,000 shares of Common Stock, par value $0.001 per share, of which 19,278,163 shares are issued and outstanding as of the date of this prospectus, and 20,000,000 shares of Preferred Stock, $0.001 par value per share, of which 5,000 shares are designated as Series B Preferred Stock and are issued and outstanding.