Cannagistics Inc (CNGT)

[sello]

Thanks for pointing that out and providing the link. I saw the term but didn't really know the relevance or what it meant.

Looks like it's all about financing in one form or another that requires a process agent.

Types of Transactions that Require a Process Agent

Process agents are often appointed as part of cross-border financial transactions involving commercial banks, sovereign states, multilateral lending agencies, export credit agencies and corporate entities. Appointment of a process agent may also be required in the following types of global transactions:

Credit Financing
Aviation Purchase, Leasing and/or Financing
Pre-Export Financing
Derivatives
Debt/Equity Capital Market Offerings
Rule 144A/Regulation S Offerings
Private Placements
Commercial Bank and Syndicate Lending Deals

Solid Bridge Investments, 20% owner here, has been doing a private S1 offering since the spring of last year. This was shortly after the contract with CNGT for developing GMP operations in Malta. They may have raised the funds and be the reason CNGT stopped the Reg A offering.

https://www.sec.gov/Archives/edgar/data/1304741/000166357720000211/ex10_1.htm

CNGT!!