Smart Cannabis Corp. (SCNA)

[threewheeler]

converts at .0001 and u wonder why nobody wants to buy em, LOL During the year ended December 31, 2013,
a total of 45,780,000 restricted shares of the Company’s
common stock
were
issued. The following is a breakdown of the issuance(s):
O
n November 5, 2013, Definitive Rest Mattress Co
mpany, a California corporation, and the owners of 100% of
its issued and outstan
ding stock, and the Company,
entered into a Share Exchange Agreement, wherein all the
shares of Definitive Rest (CA) were exchanged for 45,780,000 restricted shares of
the Com
pany
.
The shares
were issued on November 26, 2013.
(3)
During the quarter
ended
March 31, 2014
,
a total of 141,500,000 shares of the Company’s common stock
were issued. The following is a breakdown of the issuance(s):
On February 27, 2014, the Company
issued 51,428,570 shares of its restricted common stock as compensation
for $15,000.00 of salary owed to its CFO, at a cost basis of $0.003.
On February 27, 2014, the Company issued 68,571,439 shares of its restricted common stock as compensation
for $20,
000.00 of salary owed to its
Secretary/Treasurer
at a, cost basis of $0.003.
On March 6, 2014, the Company issued 6,500,000 shares of its common stock pursuant to a Convertible
Promissory Note dated December 21, 2010, for the conversion of $650.00 of debt
owed by the Company, at a
conversion price of $0.0001 per share.
On March 7, 2014, the Company issued 5,000,000 shares of its common stock pursuant to a Convertible
Promissory Note dated December 21, 2010, for the conversion of $500.00 of debt owed by th
e Company, at a
conversion price of $0.0001 per share.
On March 11, 2014, the Company issued 10,000,000 shares of its common stock pursuant to a Convertible
Promissory Note dated December 21, 2010, for the conversion of $1,000.00 of debt owed by the Compa
ny, at a
conversion price of $0.0001 per share.
(4) Subsequent to the quarter ended March 31, 2014
, a total of 750,000 shares of the Company’s
restricted
common stock were issued
in exchange for 70% ownership of Cafinasa Guatemala
.