Sunset Island Group Inc (SIGO)

[surfkast]

Nope!

Back on September 8, they state revenue for August. Then they conveniently state that they "expect" to be selling a full bay within 2 weeks. .

Again. Nothing about weed sales! Nowhere are the words sold/sales in any filing!

One would expect to have seen an update on how much they made on the full bay of OG.

Very questionable at best.

Item 8.01. Other Information

(1) On August 31, 2017, the Company finalized the cancelation of the 46,000,000 shares of common stock and issued 4,600,000 shares of its Series A Preferred Stock to its officers. The company previously disclosed the transaction on August 21, 2017.

(2) On September 8, 2017, the Company converted its note payable into its new Series B Preferred Stock. The Preferred Stock has no conversion right or no voting rights. The shareholders of the Series B Preferred will be entitled to $200 per pound that is sold by the Company. The Company issued 305,700 shares for the $305,700 note payable.

(3) As of September 8, 2017, there are 4,671,771 shares of common stock outstanding.

(4) The Company generated approximately $194,000 in revenue for month of August. The Company has harvested its first full bay of “Banana OG.” The Company expects this product will be available for sale in the next 2 weeks.

(5) The Company has created its own strain of cannabis which is being called BMG. The Company is currently planting the test harvest on the new strain.

(6) The Company is currently in discussions to acquire genetics of award winning rare proprietary cannabis strains that few growers in California have access to grow. These include up to 60 strains of cannabis. The Company is looking at these strains as a way to differentiate the Company’s product line once California become recreational.

(7) The Company is currently finalizing a time lapse video of its plant production bay. This will allow shareholders to see the daily operations of the company.

Item 9.01. Financial Statements and Exhibits.

Exhibit 3.01 –
Series B Preferred Stock


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.

Sunset Island Group



Dated: September 8, 2017
By:
/s/ Valerie Baugher


Name:
Valerie Baugher


Title:
President


https://www.sec.gov/Archives/edgar/data/1689066/000147793217004375/sun_8k.htm