NOTE 10 - SUBSEQUENT EVENT

6 Months Ended

Jun. 30, 2021

Notes

NOTE 10 - SUBSEQUENT EVENT

NOTE 10: SUBSEQUENT EVENTS

On August 23, 2021, the Company entered into Securities Purchase Agreements with CNP Operating, LLC, a Colorado limited liability company, or CNP Operating, and the owners of all of the equity interests of CNP Operating, or the Owners, whereby the Company will acquire 100% of CNP Operating from the Owners in exchange for an aggregate of 354 million shares of Company common stock. CNP Operating is a manufacturer and supplier of rare cannabinoids. The securities to be issued by the Company will be issued pursuant to an exemption under Section 4(a)(2) of the Securities Act of 1933, as amended. The closing of the transaction is subject to satisfaction or waiver of certain customary closing conditions, including the delivery of certain other agreements and consents.

On August 20, 2021, the Company and Frank Lane, President of the Company’s CFN Media business, mutually agreed to terminate the employment agreement between them, dated June 21, 2019, ending Mr. Lane’s status an executive officer of the Company. Mr. Lane will remain employed by the Company in a position to be determined on terms to be agreed.