United Cannabis Corp. (fka CNABQ)

[tcm7]

PROPOSAL TO AMEND THE COMPANY'S ARTICLES OF INCORPORATION SUCH THAT THE COMPANY WOULD BE AUTHORIZED TO ISSUE 200,000,000 SHARES OF COMMON STOCK.
Stockholders are being requested to approve an amendment to the Company's Articles of Incorporation which would increase the Company's authorized capitalization to 200,000,000 shares of common stock. The Company is presently authorized to issue 100,000,000 shares of common stock. As of December 31, 2018, the Company had 77,120,483 outstanding shares of common stock as well as outstanding options, warrants and convertible notes which entitle the holders to acquire 37,783,347 additional shares of the Company's common stock.