The Offering
S-1/a
The following summary contains basic information about the offering and the securities being registered hereunder and is not intended to be complete. It does not contain all the information that is important to you. For a more complete understanding of the securities we are offering, please refer to the sections of this prospectus titled “Description of Capital Stock.”
Securities Being Registered: 93,522,930 common stock.
Common Stock Outstanding Before the Offering:
587,497,236
Common Stock Outstanding After the Offering:
680,620,166
Use of Proceeds:The stock offered by this prospectus will be sold by the selling stockholders. We will not receive any proceeds from the sale of stock by the selling stockholder. However, we will receive proceeds from the sale of stock of our common stock to Kodiak under the Purchase Agreement, and upon the exercise of warrants held by Kodiak and the other selling stockholders. These proceeds would be used for general working capital purposes and for the expansion of Green Leaf’s cultivation facilities.
Risk Factors: An investment in our securities involves a high degree of risk and could result in the loss of your entire investment. Prior to making an investment decision, you should carefully consider all of the information in this prospectus and, in particular, you should evaluate the risk factors set forth under the caption “Risk Factors” beginning on page 4 of this prospectus.
OTCQB Symbol: PNTV
