Smart Cannabis Corp. (SCNA)

[BigBri72]

“In the year ending December 31, 2017, a total of 322,000,000 shares of the Company’s Common Stock were issued of which 217,000,000 were to officers and 105,000,000 were to company advisors as compensation for their services. The Company valued the stock as of the closing stock price on the respective agreement dates which resulted in officer compensation of $1,085,000 and consulting expense of $1,330,000.”

These were non cash but in shares at the time they were issued.


Take the market value of the stock when issued as compensation and deduct it as a consulting expense or officer compensation expense for tax purposes even though it’s a non cash expense.

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