Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On November 3, 2011 Cannabis Science, Inc.(the “Company”), filed an amendment to its Articles of Incorporation to create an additional class of common stock pursuant to the Company’s Definitive Information Statement on Schedule 14C which was filed with the Securities and Exchange Commission on August 18, 2011 (information incorporated by reference herein). The Company now has three classes of authorizes stock: Class A Common Stock (new class), Class B Common Stock (current class) and Series A Preferred Stock. The Company will now issue the dividend to its shareholders of record as of December 31, 2010 so they receive 1 share of the new Class A common stock and 1 non-transferable share purchase warrant for each 10 shares of the former Class B common stock that they previously owned as of the record date.
