UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):  October 19, 2016


CANNASYS, INC.
(Exact name of registrant as specified in its charter)
         
Nevada
 
000-54476
 
88-0367706
(State or other jurisdiction of
 
(Commission File Number)
 
(IRS Employer
incorporation or organization)
     
Identification No.)
         
1350 17th Street, Suite 150
   
Denver, Colorado
 
80202
(Address of principal executive offices)
 
(Zip code)
     
Registrant's telephone number, including area code:
 
Phone: (720) 420-1290
     
n/a
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

1


ITEM 3.02—UNREGISTERED SALES OF EQUITY SECURITIES

From October 17, 2016, through December 20, 2016, CannaSys, Inc. issued 211,516,834 shares of its common stock to various investors pursuant to the terms of their respective outstanding convertible promissory notes. The convertible promissory notes were issued in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving any public offering. Each of the investors is either an "accredited investor" as defined in Rule 501(a) of Regulation D or a sophisticated investor able to bear the risks of the investment. No underwriter participated in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly in connection therewith.

The following table reflects the amounts of principal converted, and the corresponding number of shares issued, in connection with outstanding convertible promissory notes during the month of October, 2016:

Date
Note Holder
Price
Shares Issued
Amount Converted
         
10/07/2016
Kodiak Capital Group LLC
$0.007
163,044
$    222.82
10/17/2016
Auctus Fund LLC
0.000
166,039
2,374.35
10/18/2016
EMA Financial LLC
0.005
179,800
934.60
10/19/2016
Black Forest Capital, LLC
0.013
174,000
2,262.00
10/20/2016
Black Forest Capital, LLC
0.013
190,770
2,480.00
10/21/2016
Black Forest Capital, LLC
0.013
210,000
2,730.00
10/21/2016
Auctus Fund LLC
0.014
174,170
2,490.63
10/21/2016
EMA Financial LLC
0.005
216,450
1,125.54
10/24/2016
Microcap Equity Group LLC
0.013
174,153
2,264.00
10/24/2016
Black Forest Capital, LLC
0.013
239,000
3,107.00
10/24/2016
Microcap Equity Group LLC
0.013
239,230
3,110.00
10/25/2016
Auctus Fund LLC
0.010
239,600
2,491.84
10/26/2016
Colonial Stock Transfer
0.012
205,128
2,400.00
10/26/2016
Black Forest Capital, LLC
0.013
259,000
3,367.00
10/26/2016
Microcap Equity Group LLC
0.013
260,153
3,382.00
10/27/2016
Adar Bays LLC
0.020
250,000
5,000.00
10/27/2016
Auctus Fund LLC
0.010
284,100
2,954.64
10/27/2016
EMA Financial LLC
0.005
293,300
1,525.16
10/27/2016
Microcap Equity Group LLC
0.013
260,153
3,382.00
10/31/2016
Black Forest Capital, LLC
0.013
311,285
4,000.00
10/31/2016
Adar Bays LLC
0.012
342,412
4,150.00
10/31/2016
Microcap Equity Group LLC
0.012
373,913
4,300.00
10/31/2016
Kodiak Capital Group LLC
0.000
171,000
1,453.50
10/31/2016
EMA Financial LLC
0.005
429,213
1,974.38
     
5,805,913
$63,481.46
2


The following table reflects the amounts of principal converted, and the corresponding number of shares issued, in connection with outstanding convertible promissory notes during the month of November, 2016:

Date
Noteholder
Price
Shares Issued
Amount Converted
         
11/01/2016
Auctus Fund LLC
$0.009
374,500
$      3,445.40
11/01/2016
Adar Bays LLC
0.011
373,913
4,050.00
11/01/2016
Microcap Equity Group LLC
0.012
414,956
4,772.00
11/02/2016
Adar Bays LLC
0.011
469,565
5,150.00
11/02/2016
EMA Financial LLC
0.004
530,500
2,153.83
11/03/2016
Black Forest Capital, LLC
0.011
370,000
3,977.50
11/03/2016
Auctus Fund LLC
0.008
374,500
3,040.94
11/03/2016
Tangiers Investment Group LLC
0.0091
1,028,681
9,397.00
11/04/2016
Microcap Equity Group LLC
0.010
512,315
5,200.00
11/04/2016
Kodiak Capital Group LLC
0.000
824,694
309.26
11/04/2016
Tangiers Investment Group, LLC
0.005
1,381,761
6,591.00
11/07/2016
Adar Bays LLC
0.010
465,116
4,750.00
11/07/2016
Adar Bays LLC
0.005
462,264
2,200.00
11/07/2016
Adar Bays LLC
0.003
664,528
1,750.00
11/08/2016
Microcap Equity Group LLC
0.000
497,767
(1)
11/08/2016
Black Forest Capital, LLC
0.003
690,000
3,657.10
11/08/2016
Adar Bays LLC
0.0053
274,151
1,453.00
11/08/2016
EMA Financial LLC
0.002
895,500
1,898.46
11/09/2016
Auctus Fund LLC
0.005
867,000
4022.88
11/09/2016
Tangiers Investment Group LLC
0.0048
1,736,268
8,282.00
11/09/2016
Adar Bays LLC
0.005
513,585
2,472.00
11/09/2106
Black Forest Capital, LLC
0.005
301,436
1,597.61
11/10/2016
Microcap Equity Group LLC
0.0053
866,037
4,590.00
11/10/2016
Adar Bays LLC
0.0053
1,028,113
5,449.00
11/11/2016
Black Forest Capital, LLC
0.0029
930,000
2,650.50
11/11/2016
Microcap Equity Group LLC
0.0028
744,489
2,121.79
11/11/2016
Tangiers Investment Group LLC
0.0026
2,502,534
6,419.00
11/14/2016
EMA Financial LLC
0.001
2,752,000
2,752.00
11/14/2016
Adar Bays LLC
0.0029
1,198,596
3,416.00
11/15/2016
Auctus Fund LLC
0.0017
1,450,000
2,436.00
11/15/2016
Black Forest Capital LLC
0.0021
1,450,000
3,045.00
11/15/2016
Adar Bays LLC
0.0021
1,458,452
3,062.75
11/21/2016
Black Forest Capital LLC
0.0015
1,870,000
2,805.00
11/22/2016
Tangiers Investment Group LLC
0.0013
3,749,630
5,062.00
11/22/2016
Microcap Equity Group LLC
0.0015
1,333,333
2,000.00
11/23/2016
EMA Financial LLC
0.001
4,888,000
4,888.00
11/23/2016
Black Forest Capital LLC
0.0015
1,950,000
2,925.00
11/23/2016
Adar Bays LLC
0.0014
1,873,074
2,528.65
11/28/2016
Adar Bays LLC
0.0014
2,220,000
2,997.00
11/28/2016
Black Forest Capital LLC
0.0013
1,950,000
2,437.50
11/29/2016
Tangiers Investment Group LLC
0.0011
5,314,667
5,979.00
11/29/2016
EMA Financial LLC
0.0005
6,089,500
3,044.75
11/29/2016
Adar Bays LLC
0.0011
2,654,222
2,986.00
11/29/2016
Adar Bays LLC
0.0011
2,862,222
3,220.00
11/30/2016
Black Forest Capital LLC
0.0013
2,640,000
3,300.00
11/30/2016
Adar Bays LLC
0.0011
3,706,667
4,170.00
     
71,504,536
$164,454.92
_______________
(1)   Additional shares issued for adjustment to prior conversion price.
3


The following table reflects the amounts of principal converted, and the corresponding number of shares issued, in connection with outstanding convertible promissory notes from December 1 through 20, 2016:

Date
Noteholder
Price
Shares Issued
Amount Converted
         
12/01/2016
Black Forest Capital LLC
$0.0013
3,103,992
$    3,879.99
12/01/2016
Adar Bays LLC
0.0011
3,642,978
4,098.35
12/01/2016
Auctus Fund LLC
0.0010
3,564,000
3,564.00
12/05/2016
EMA Financial LLC
0.0010
9,993,000
9,993.00
12/05/2016
Black Forest Capital LLC
0.0011
4,500,000
4,950.00
12/05/2016
Adar Bays LLC
0.0011
3,641,755
4,005.93
12/05/2016
Microcap Equity Group LLC
0.0011
3,636,363
4,000.00
12/05/2016
Tangiers Investment Group LLC
0.0010
9,085,859
8,995.00
12/07/2016
Auctus Fund LLC
0.0009
3,564,000
3,136.32
12/07/2016
EMA Financial LLC
0.001
13,380,000
13,380.00
12/07/2016
Black Forest Capital LLC
0.0011
6,000,000
6,600.00
12/09/2016
Black Forest Capital LLC
0.0011
7,000,000
7,700.00
12/12/2016
Auctus Fund LLC
0.0016
4,535,000
7,127.12
12/13/2016
Black Forest Capital LLC
0.0011
7,100,000
7,810.00
12/13/2016
Auctus Fund LLC
0.0008
7,790,000
6,543.60
12/14/2016
EMA Financial LLC
0.0004
10,940,250
4,376.10
12/15/2016
Black Forest Capital LLC
0.0008
8,500,000
6,800.00
12/16/2016
Auctus Fund LLC
0.0006
8,241,688
5,274.68
12/19/2016
Microcap Equity Group LLC
0.0008
7,500,000
6,000.00
12/20/2016
Black Forest Capital LLC
0.0008
8,487,500
6,790.00
     
134,206,385
$125,024.09




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
CANNASYS, INC.
   
     
     
Dated: December 21, 2016
By:
/s/ Michael A. Tew
   
Michael A. Tew, Chief Executive Officer

4