View Systems Inc. (fka VSYM)

[harr449]

10-k: NOTE 15. MEMORANDUM OF UNDERSTANDING WITH SANNABIS

During 2019, the Company agreed to a Memorandum of Understanding to acquire Sannabis S.A.S. and New Columbia Resources, Inc. This agreement gives the Company a First Right of Refusal to acquire both companies upon satisfaction of certain conditions. The conditions have not been met to date and the acquisition has thus not been consummated. During the year ended December 31, 2019, the Company invested $58,660 in developing this agreement, of which $38,660 was for operating expenses and $20,000 was to acquire equipment and supplies for use in this venture.