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Note 14 - Subsequent Events
3 Months Ended
Mar. 31, 2018
Notes  
Note 14 - Subsequent Events

NOTE 14 – Subsequent Events

 

On April 13, 2018, the Company issued 1,287,129 shares of CANB common stock to RedDiamond in exchange for the retirement of 10,000 shares of CANB Series B Preferred Stock.

 

On April 25, 2018, the Company issued 1,287,129 shares of CANB common stock to RedDiamond in exchange for the retirement of 10,000 shares of CANB Series B Preferred Stock.

 

On May 3, 2018, the Company issued 1,287,129 shares of CANB common stock to RedDiamond in exchange for the retirement of 10,000 shares of CANB Series B Preferred Stock.

 

On May 9, 2018, the Company executed a Consulting Agreement with a consultant. Pursuant to the agreement, the Company issued 125,000 shares of CANB common stock to the consultant on May 9, 2018. The $1,812 fair value of the 125,000 shares of CANB common stock will be partially charged to consulting fees in the three months ended June 30, 2018.

 

On May 11, 2018, the Company filed an arbitration claim to recover the 2,500,000 restricted shares of CANB common stock issued to T8 Partners LLC (“T8”) pursuant to a consulting agreement dated September 7, 2017. On October 27, 2017, the Company terminated the agreement due to non-performance but the shares issued to T8 on September 7, 2017 were not returned by T8. The Company is uncertain at this time when the arbitration proceeding will occur.

 

On May 11, 2018, the Company executed a Consulting Agreement with a consultant. Pursuant to the agreement, the Company issued 1 share of CANB Series A Preferred Stock to the consultant on May 14, 2018 and such share will be fully earned by the consultant 6 months upon signing this agreement.

 

In accordance with FASB ASC 855, Subsequent Events, the Company has evaluated subsequent events through May 16, 2018, the date on which these consolidated financial statements were available to be issued. Except as disclosed above, there were no material subsequent events that required recognition or additional disclosure in these consolidated financial statements.