Can B Corp (CANB)

[jaybe420]

From the 14c:

Purpose

The Board of Directors proposed the Share Increase to better enable the Company to pursue avenues for building capital, attracting service providers and acquiring additional financing. Notwithstanding, the Company does not have any current definitive plans to issue the additional shares authorized via the Share Increase.

Effect on Authorized and Outstanding Shares

The rights and preferences of shares of our Common Stock subsequent to the Share Increase will remain the same. The number of securities authorized to be issued will increase and will increase the potential for dilution for the Company’s shareholders. We do not anticipate that the number of our stockholders, or any aspect of our current business plan, will materially change as a result of these changes. The Share Increase will affect all of our stockholders uniformly.