The purpose of this Information Statement is to inform the holders of record, as of the close of business on September 2, 2015, of shares of the common stock with voting power of Cannabis Science, Inc., a Nevada corporation (the “Company”), that our Board of Directors and one shareholder holding 67% of our voting power as of the Record Date have giving written consent as of September 2, 2015, to approve the following:
(1)
To issue a new dividend to holders of our current common stock so they received 1 share of Class A common stock and 1 non-transferable share purchase warrant for each 100 shares of our current class of common stock that they previously owned as of the record date, October 9, 2015. Each warrant will grant the holder to purchase an additional share of Class A common stock at a price of $1.00 per share. The warrant will be exercisable for 90 days from the date that the Class A common stock receives a trading symbol (the “New Dividend”).
(2)
To issue the previously announced and approved dividend that will issue 1 share of Class A common stock and 1 non-transferable share purchase warrant for each 10 shares of the Company’s current common stock that they previously owned as of the record date of December 31, 2010. Each warrant will grant the holder to purchase an additional share of Class A common stock at a price of $1.00 per share. The warrant will be exercisable for 90 days from the date that the Class A common stock receives a trading symbol (the “Previous Dividend”).
(3)
To amend the Company’s Articles of Incorporation to increase the number of authorized shares of common stock we may issue from 1,500,000,000 to 3,000,000,000 (the “Share Increase”).
These actions were approved on September 2, 2015, by our Board of Directors and one shareholder who holds a majority of the Company’s voting power. We anticipate an effective date of ____________, 2015, or as soon thereafter as practicable in accordance applicable law, including the Nevada Revised Statutes (“NRS”).
WE ARE NOT ASKING YOU FOR A PROXY, AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
No action is required by you. The accompanying information statement is furnished only to inform our shareholders of the actions described above before they take place in accordance with the NRS and Rule 14c of the Securities Exchange Act of 1934, as amended. This Information Statement is first mailed to you on or about _______________, 2015.
Please feel free to call us at (888) 889-0888 should you have any questions on the enclosed Information Statement.
Date: September 2, 2015
For the Board of Directors of
Cannabis Science, Inc.
By:/s/ Raymond C. Dabney
Raymond C. Dabney
Chief Executive Officer and Director
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