Current Report Filing (8-k)
March 27 2019 - 5:18PM
Edgar (US Regulatory)
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): March 21, 2019
GENERATION
ALPHA, INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-53635
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20-8609439
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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853
Sandhill Avenue, Carson, California 90746
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code:
(888) 998-8881
Copy
of correspondence to:
Marc
J. Ross, Esq.
James
M. Turner, Esq.
Sichenzia
Ross Ference LLP
1185
Avenue of the Americas, 37
th
Floor
New
York, New York 10036
Tel:
(212) 930-9700 Fax: (212) 930-9725
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 (see General Instruction A.2. below):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§
230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
1.01
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Entry
into a Material Definitive Agreement.
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On
March 21, 2019, Generation Alpha, Inc. (the “
Company
”) entered into real estate sale purchase agreement (the
“
Agreement
”) with Black Rock Venture, LLC (“
Black Rock
”), pursuant to which the Company
has agreed to purchase (the “
Acquisition
”) the real properties located at 2601 West Holly Street, and 2609
West Holly Street, in Phoenix, Arizona (the “
Properties
”) for $3,500,000 (the “
Purchase Price
”).
The
Properties hold the approvals and authorizations for a Conditional Use Permit, which allows the Properties to be used for the
operation of a cultivation and infusion facility, allowing for the cultivation, harvesting, preparation, packaging and storing
of medical cannabis, as well as extraction, refinement, infusion, production, preparation, packaging, and storage of manufactured
and derivative oils, waxes, concentrates, edible and non-edible products that contain cannabis.
The
Company has paid deposits in the aggregate amount of $150,000, of which $50,000 is non-refundable, and the remaining $100,000
is refundable at any time prior to the closing of the Acquisition. The closing of the Acquisition shall occur on or prior to April
1, 2019, and is subject to various closing conditions, including the Company obtaining the necessary acquisition capital to pay
the Purchase Price.
The
foregoing description of the terms of the Agreement does not purport to be complete and is subject to, and qualified in its entirety
by reference to, the Agreement, a form of which is filed herewith as Exhibit 10.01 and is incorporated herein by reference.
Item
9.01
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Financial
Statements and Exhibits.
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(d) Exhibits.
SIGNATURE
Pursuant
to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
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GENERATION
ALPHA, INC.
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Date:
March 27, 2019
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By:
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/s/
TIFFANY DAVIS
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Tiffany
Davis
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Chief
Operating Officer
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Generation Alpha (CE) (USOTC:GNAL)
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