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Give it a rest already.
Notification That Annual Report Will Be Submitted Late (nt 10-k)
Source: Edgar (US Regulatory)
UNITED STATES
OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION
OMB Number: 3235-0058
Expires: October 31, 2018
Washington, D.C. 20549
Estimated average burden
hours per response 2.50
FORM 12b-25
SEC FILE NUMBER
000-54476
NOTIFICATION OF LATE FILING
CUSIP NUMBER
137651 204
(Check One):
x Form 10-K
o Form 20-F
o Form 11-K
o Form 10-Q
o Form 10-D
o Form N-SAR
o Form N-CSR
For Period Ended: December 31, 2016
o Transition Report on Form 10-K
o Transition Report on Form 20-F
o Transition Report on Form 11-K
o Transition Report on Form 10-Q
o Transition Report on Form N-SAR
For the Transition Period Ended: _____________________________________________________________
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
CannaSys, Inc.
Full Name of Registrant
Former Name if Applicable
1350 17th Street, Suite 150
Address of Principal Executive Office ( Street and Number)
Denver, CO 80202
City, State and Zip Code
PART II -- RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
(a)
The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
x
(b)
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c)
The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed.)
We are unable to file our annual report on Form 10-K for the year ended December 31, 2016, within the prescribed period because we have limited financial resources and personnel and have been unable to timely complete and verify our financial statements.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Terrell W. Smith
801
531-7090
(Name)
(Area Code)
(Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
x Yes
¨ No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
¨ Yes
x No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
CannaSys, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
March 31, 2017
By
/s/ Michael A. Tew
Michael A. Tew
Chief Executive Officer and Principal Financial Officer
CannaSys, Inc. Announces Acquisition of Alliance Financial Network, Inc.
Source: InvestorsHub NewsWire
FOR IMMEDIATE RELEASE
CannaSys, Inc.
Michael A. Tew
Chief Executive Officer
Tel: 720.420.1290
Email: michael.tew@cannasys.com
Web: www.cannasys.com
CannaSys, Inc. Announces Acquisition of Alliance Financial Network, Inc.
Fintech Company Provides Proprietary and Innovative Mobile Payment Solution across Multiple Industries
DENVER, CO -- March 29, 2017 -- InvestorsHub NewsWire -- CannaSys, Inc. (OTC QB: MJTK), a marketing, branding, and technology company, signed a letter of intent to acquire Alliance Financial Network, Inc. (“AFN”). AFN is a Colorado-based financial technology (Fintech) company that provides a unique, proprietary digital transaction and mobile payment solution. AFN, a federally registered financial institution, has developed, owns and operates eXPO™, its electronic eXchange POrtal.
eXPO™ provides access for consumers and businesses to transfer funds electronically, whether consumer-to-consumer, consumer-to-business, business-to-consumer or business-to-business. eXPO™ delivers electronic payment solutions to multiple industries. AFN is currently working with companies in a number of vertical markets that can leverage the eXPO system immediately because of its universally compliant foundation and its ability to be scaled rapidly.
AFN’s proprietary eXPO™ technology facilitates transactions between members inside the eXPO™ network, and between network members and those outside the network, to address those served by traditional, as well as non-banked, under-banked and cash intensive industries. eXPO™ members include consumers, businesses, and governmental agencies. eXPO™ has the ability to accurately track and report local, state, and if applicable, federal tax obligations of consumers and retailers. eXPO™ can be found at www.getexponow.com.
AFN and eXPO™ are registered with the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) as a financial institution. This registration provides AFN with the appropriate regulatory framework and guidance on a federal level for Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance. The eXPO™ mobile application is downloadable by consumers and businesses once they become an eXPO™ member.
CannaSys will acquire AFN by issuing a controlling equity stake in the proforma company, whereby AFN will become a wholly owned CannaSys subsidiary. The combined company will market AFN’s products, and platforms, as well as the CannaSys suite of products. As part of the transaction, AFN’s nominees will become directors and key officers of CannaSys, and the Cannasys, Inc. name will be changed to Alliance Financial Network, Inc. On February 12, 2017, CannaSys solidified its commitment to closing the transaction with a direct investment in AFN.
“I could not be more excited about AFN’s core products, its management team, and its exponential growth prospects across multiple industries,” commented CannaSys CEO, Michael Tew. “eXPO™ was created to meet the demands of a changing landscape within the payments industry, and it demonstrates how the fintech sector continues to introduce revolutionary product offerings.”
In addition to the controlling interest issued to AFN as part of the transaction, AFN will be eligible to earn additional shares for meeting certain performance targets based upon the rollout of its core eXPO™ technology within the next two years. The metrics for the earn-out are the following:
1. Executed agreement or contracts that use AFN’s technology and/or platform and result in projected revenue of $5 million in the following 12 months; or
2.Executed agreement or contracts with commercially reasonable terms that result in the deployment of AFN’s technology in more than 250 retailers over the following 12 months.
“The earn-out targets are a cornerstone of AFN’s alignment with shareholders and further demonstrates AFN’s conviction regarding its products and business strategy,” commented Tew.
Larry Lipman, AFN CEO and founder, noted: “Our transaction with CannaSys is accretive to AFN’s discussions with regulators and retailers. We have already made substantial progress in delivering a valuable regulatory-compliant product to the marketplace. Now we are focused on accelerating growth opportunities in the upcoming year.”
Completion of the AFN acquisition is contingent on a number of factors, including the execution of a definitive acquisition agreement, compliance with representation and warranties, the satisfaction of specified conditions, and other matters.
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, 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
About Alliance Financial Network, Inc.
Alliance Financial Network, Inc. (AFN) is a federally registered financial institution that owns and operates eXPO™, a mobile payment solution that has the ability to track product inventory, delivery and generate audit-ready reports. AFN conducts compliance reviews on all clients. These reviews are designed to meet financial industry standards for know-your-customer requirements and regulatory reporting. In addition to AFN’s inventory-to-general-ledger tracking system, the company features access to federally licensed, secure and compliant cash transport, which also includes storage (vaulting) and delivery to the Federal Reserve.
AFN’s enterprise end-to-end ecosystem enables licensed users to interact in a secure, transparent environment. This unique system enforces compliance at every step, ensuring clear and connected tracking for regulatory audits and accounting purposes. AFN believes its eXPO™ product will become the gold standard for industry compliance and mobile payment solutions.
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Investors are cautioned that such 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.
CannaSys, Inc. Announces Acquisition of Alliance Financial Network, Inc.
Source: InvestorsHub NewsWire
FOR IMMEDIATE RELEASE
CannaSys, Inc.
Michael A. Tew
Chief Executive Officer
Tel: 720.420.1290
Email: michael.tew@cannasys.com
Web: www.cannasys.com
CannaSys, Inc. Announces Acquisition of Alliance Financial Network, Inc.
Fintech Company Provides Proprietary and Innovative Mobile Payment Solution across Multiple Industries
DENVER, CO -- March 29, 2017 -- InvestorsHub NewsWire -- CannaSys, Inc. (OTC QB: MJTK), a marketing, branding, and technology company, signed a letter of intent to acquire Alliance Financial Network, Inc. (“AFN”). AFN is a Colorado-based financial technology (Fintech) company that provides a unique, proprietary digital transaction and mobile payment solution. AFN, a federally registered financial institution, has developed, owns and operates eXPO™, its electronic eXchange POrtal.
eXPO™ provides access for consumers and businesses to transfer funds electronically, whether consumer-to-consumer, consumer-to-business, business-to-consumer or business-to-business. eXPO™ delivers electronic payment solutions to multiple industries. AFN is currently working with companies in a number of vertical markets that can leverage the eXPO system immediately because of its universally compliant foundation and its ability to be scaled rapidly.
AFN’s proprietary eXPO™ technology facilitates transactions between members inside the eXPO™ network, and between network members and those outside the network, to address those served by traditional, as well as non-banked, under-banked and cash intensive industries. eXPO™ members include consumers, businesses, and governmental agencies. eXPO™ has the ability to accurately track and report local, state, and if applicable, federal tax obligations of consumers and retailers. eXPO™ can be found at www.getexponow.com.
AFN and eXPO™ are registered with the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) as a financial institution. This registration provides AFN with the appropriate regulatory framework and guidance on a federal level for Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance. The eXPO™ mobile application is downloadable by consumers and businesses once they become an eXPO™ member.
CannaSys will acquire AFN by issuing a controlling equity stake in the proforma company, whereby AFN will become a wholly owned CannaSys subsidiary. The combined company will market AFN’s products, and platforms, as well as the CannaSys suite of products. As part of the transaction, AFN’s nominees will become directors and key officers of CannaSys, and the Cannasys, Inc. name will be changed to Alliance Financial Network, Inc. On February 12, 2017, CannaSys solidified its commitment to closing the transaction with a direct investment in AFN.
“I could not be more excited about AFN’s core products, its management team, and its exponential growth prospects across multiple industries,” commented CannaSys CEO, Michael Tew. “eXPO™ was created to meet the demands of a changing landscape within the payments industry, and it demonstrates how the fintech sector continues to introduce revolutionary product offerings.”
In addition to the controlling interest issued to AFN as part of the transaction, AFN will be eligible to earn additional shares for meeting certain performance targets based upon the rollout of its core eXPO™ technology within the next two years. The metrics for the earn-out are the following:
1. Executed agreement or contracts that use AFN’s technology and/or platform and result in projected revenue of $5 million in the following 12 months; or
2.Executed agreement or contracts with commercially reasonable terms that result in the deployment of AFN’s technology in more than 250 retailers over the following 12 months.
“The earn-out targets are a cornerstone of AFN’s alignment with shareholders and further demonstrates AFN’s conviction regarding its products and business strategy,” commented Tew.
Larry Lipman, AFN CEO and founder, noted: “Our transaction with CannaSys is accretive to AFN’s discussions with regulators and retailers. We have already made substantial progress in delivering a valuable regulatory-compliant product to the marketplace. Now we are focused on accelerating growth opportunities in the upcoming year.”
Completion of the AFN acquisition is contingent on a number of factors, including the execution of a definitive acquisition agreement, compliance with representation and warranties, the satisfaction of specified conditions, and other matters.
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, 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
About Alliance Financial Network, Inc.
Alliance Financial Network, Inc. (AFN) is a federally registered financial institution that owns and operates eXPO™, a mobile payment solution that has the ability to track product inventory, delivery and generate audit-ready reports. AFN conducts compliance reviews on all clients. These reviews are designed to meet financial industry standards for know-your-customer requirements and regulatory reporting. In addition to AFN’s inventory-to-general-ledger tracking system, the company features access to federally licensed, secure and compliant cash transport, which also includes storage (vaulting) and delivery to the Federal Reserve.
AFN’s enterprise end-to-end ecosystem enables licensed users to interact in a secure, transparent environment. This unique system enforces compliance at every step, ensuring clear and connected tracking for regulatory audits and accounting purposes. AFN believes its eXPO™ product will become the gold standard for industry compliance and mobile payment solutions.
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Investors are cautioned that such 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.
Ya nailed that one!
Weeeee
Beauty! Thanks for the charts...
Weeeeee
Sh$ts getting real in here
Oh I hear ya, haven't traded those exchanges in years, you are correct it's a waste of time. I just looked into it and can buy this one no problem. Thanks for the heads up!!!
Wow, didn't know that, thanks for the valuable info! Thought with the TFSA you could only trade on the Canadian exchange only. Beauty thanks!!
You serious?! Even with If it's on a US exchange...
Thought you sold yesterday?
Current Report Filing (8-k)
Source: Edgar (US Regulatory)
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 3, 2017
FRANCHISE HOLDINGS INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in its Charter)
Nevada
000-27631
65-0782227
(State of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
3120 Rutherford Road
Suite 414
Vaughan, Ontario, Canada L4K 0B2
(Address of principal executive offices)
888-554-8789
(Registrant's telephone number, including area code)
N/A
(Former Name or former address if changed from 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 (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On March 3, 2017, Franchise Holdings International, Inc. (“FNHI”), fully retired two convertible notes totaling $132,750, with no further conversions under the two mature notes to occur. FNHI obtained the funding from institutional capital, with the first $77,750 convertible note issued on June 22, 2016 and the second $55,000 note on June 28, 2016. They were due six months after issue.
2
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.
Franchise Holdings International, Inc.
Date: March 6, 2017 By: /s/ Steven Rossi
Name:
Steven Rossi
Title: President
3
Nice work Wierdo :)
Yup just seen that should be smooth sailing now.
Yup, money and momo move these, just so happens this one does possess those qualities, let's bank!
Lol iHub still doesn't do emoticons lol
No ?? In the last message.
Not gonna argue with that, seen it before numerous times. GLTU all. ??
The other unicorn has ran 80+ for days....expecting the same here. If buying pressure remains it will do the same no doubt.
Not much...85x89
Agreed! Standing ovation.
Weeeeeeeeee
Yup and that bid is back. Sit back and enjoy the show.
And more...nice call mate!
Added the dip today, that was an opportunity not a disappointment. Big picture here folks.
Lol no doubt.
Morning peeps. $GIGL looking good as usual. Nice bid support. This is one you can set it and forget it.
Agreed! Just one of those tickers you gotta get in and quickly.
Yup couldn't help myself. Seems those buys were near hod but will look sweet in a couple weeks.
lol I'm finally out too...relief!
Well if that's he actual amount they have that would be the first time in a long long time they are showing true numbers.
Something is up can't be just speculation on the re instatement.
lol I'm mobile and the ask number is to small to see...is that 195 mil???
How are you seeing that number?
ETRF joined the party now too.
Lol that pig Vfin ain't moving large blocks too.
That you 54 mil?
Rumor on the street is that it's money and momo....but wtf do I know :)
lol imagine that.
Looking good...and then there is tomorrow.
Weeeee....beauty!!