IMO it's misleading at best. The Cann10 shares ARE "issued" and are still counted in the O/S. The fact that they've been returned to the company and have not yet been assigned to someone by name doesn't appear to change that fact. The O/S has not been reduced one share as people were led to believe.
For whatever reason (probably tax reasons), these shares were reported as "not issued" as of the date of the annual report. The founding members of H360 each had/ have a stake in that company before the reverse merger with BLDV. According to the A/R the 700 million is part of the merger deal.
Harvest 360 LLC was incorporated in Colorado on 05/09/2017 (ID Number: 20171359553). On 11/05/2019 the "Entity name and any active trade names changed due to Failure to file periodic report. On 7/11/2019 their Registered Agent apparently resigned. On 1/14/2020 H360 filed a document "curing delinquency" and named Block45 Legal as the R/A (???)
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