Americann Inc (ACAN)

[diduknow]

LOL! On September 30, 2019, we amended and modified two notes payable due to Strategic Capital Partners, LLC a company controlled by Benjamin J. Barton, one of our officers and directors with balances of $1,000,000 and $756,646, into one note, in the principal amount of $1,756,646, bearing interest of 9% per year and maturing on December 31, 2022. Additionally, the conversion option in the first note was eliminated. The new note is secured by all amounts due from Wellness Group Pharms or its affiliates. As additional consideration for the modification of the notes we issued SCP warrants to purchase 1,500,000 shares of our common stock. The warrants are exercisable at a price of $1.25 per share at any time on or before December 31, 2022. WHICH MEANS THE MONEY IS EITHER ALREADY SPENT TO PAY BARTON BACK OR TURBO TAX TIMMY NEEDS NEW COLLATERAL! YOU! NOT IN THE RELEASE, SURPRISED? NAH, TIMMY DESERVES ANOTHER RAISE!