0000000000-20-008502.txt : 20201110 0000000000-20-008502.hdr.sgml : 20201110 20200910170543 ACCESSION NUMBER: 0000000000-20-008502 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200910 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: CannAssist International Corp CENTRAL INDEX KEY: 0001709542 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] IRS NUMBER: 821873116 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 855 SOUTH MISSION AVENUE STREET 2: SUITE #K400 CITY: FALLBROOK STATE: CA ZIP: 92028 BUSINESS PHONE: 888-991-2196 MAIL ADDRESS: STREET 1: 855 SOUTH MISSION AVENUE STREET 2: SUITE #K400 CITY: FALLBROOK STATE: CA ZIP: 92028 FORMER COMPANY: FORMER CONFORMED NAME: Iris Grove Acquisition Corp DATE OF NAME CHANGE: 20170616 PUBLIC REFERENCE ACCESSION NUMBER: 0001214659-20-006410 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our [month, day, year] letter. Form 1-A/A filed August 25, 2020 Risks Related to the Company, page 9 1. We note your response to our prior comment 2; however, it does not appear the additional risk factor has been added. In line with our previous comment, please amend your filing to add a risk factor highlighting the concentration of control and the conflicts of interest that may arise between the interests of Mr. and Mrs. Palumbo on the one hand and the company's shareholders on the other. Marketing and Sales Strategy, page 25 2. We note the revised disclosure provided in response to our prior comment 4. Please further expand this disclosure to explain to whom EME Ltd. and Kinetik Technologies Mark Palumbo CannAssist International Corp September 9, 2020 Page 2 distribute the company's products. In addition, please provide further detail regarding the company's targeting of non-cosmetics customers as a business strategy. Exhibits 3. We note the analysis provided in response to our prior comment 7. In light of the fact that the company does not have contractual agreements in place to secure its third party manufacturer, distributors, or supplier, please add a risk factor highlighting the potential impact of the inability of any of these parties to fulfill purchase orders on an as needed basis and whether or not sufficient replacements may be found in a timely manner. 4. We note your response to our prior comment 8 which states that counsel believes the units should be treated in a similar fashion as shares of capital stock under applicable state law such that an opinion that the units are "legally issued, fully paid and non-assessable" is appropriate. Please provide an analysis supporting this conclusion. Please contact Laura Crotty at 202-551-7614 or Mary Beth Breslin at 202-551-3625 with any questions. Sincerely, FirstName LastNameMark Palumbo Division of Corporation Finance Comapany NameCannAssist International Corp Office of Life Sciences September 9, 2020 Page 2 cc: Jarvis J. Lagman FirstName LastName