Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
May 12 2017 - 6:03AM
Edgar (US Regulatory)
PROSPECTUS SUPPLEMENT Filed pursuant to Rule 424(b)(3)
(To Prospectus dated April 27, 2017) Registration No. 333-216222
UNITED CANNABIS CORPORATION
Common Stock
On December 28, 2016, we entered into an Investment Agreement with Tangiers
Global, LLC in order to establish a possible source of funding for our
operations.
Under the Investment Agreement Tangiers has agreed to provide us with up to
$10,000,000 of funding during the period ending April 27, 2020
On May 10, 2017 we amended our agreement with Tangiers such that the maximum
amount that we will be entitled to sell to Tangiers with respect to any
applicable Put Notice will be equal to 200% of the average of the daily trading
volume of our common stock for the ten consecutive trading days immediately
prior to the delivery of the Put Notice, so long as the dollar value of the
shares we sell is at least $5,000 and does not exceed $500,000 as calculated by
multiplying the number of shares specified in the Put Notice by the average
daily value weighted average price of our common stock for the ten trading days
prior to the delivery of a Put Notice. We may not submit a Put Notice until
after the closing of the sale of the shares specified in any previous Put Notice
or earlier than the eighth trading day immediately following the delivery of any
Put Notice.
Prospectus Supplement dated May 11, 2017