CBDS Cannabis Sativa Inc (QB)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * TOBIAS DAVID	2. Issuer Name and Ticker or Trading Symbol Cannabis Sativa, Inc. [ CBDS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    __X__ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) CEO
(Last)          (First)          (Middle) PO BOX 1602	3. Date of Earliest Transaction (MM/DD/YYYY) 5/8/2019
(Street) MESQUITE, NV 89024 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	5/8/2019		S		171.0000	D	$2.2500	3657832.0000 (1)	D
Common Stock	6/21/2019		S		2500.0000	D	$1.6700	3655332.0000	D
Common Stock	6/25/2019		S		10000.0000	D	$1.4600	3645332.0000	D
Common Stock	2/25/2019		S		3500.0000	D	$1.5000	3641832.0000	D
Common Stock	6/26/2019		S		1250.0000	D	$1.5000	3640582.0000	D
Common Stock	6/26/2019		S		300.0000	D	$1.5400	3640282.0000	D
Common Stock	6/27/2019		S		1000.0000	D	$1.4300	3639282.0000	D
Common Stock	6/27/2019		S		3000.0000	D	$1.4000	3636282.0000	D
Common Stock	6/27/2019		S		2500.0000	D	$1.3800	3633782.0000	D
Common Stock	6/27/2019		S		300.0000	D	$1.4100	3633482.0000	D
Common Stock	6/27/2019		S		9000.0000	D	$1.4000	3624482.0000	D
Common Stock	6/27/2019		S		4000.0000	D	$1.3800	3620482.0000	D
Common Stock	6/27/2019		S		640.0000	D	$1.4200	3619842.0000	D
Common Stock	4/27/2019		S		210.0000	D	$1.4300	3619632.0000	D
Common Stock	7/2/2019		S		5000.0000	D	$1.3000	3614632.0000	D
Common Stock	7/2/2019		S		1500.0000	D	$1.3300	3613132.0000	D
Common Stock	7/8/2019		S		300.0000	D	$1.4200	3612832.0000	D
Common Stock	7/8/2019		S		500.0000	D	$1.4300	3612332.0000	D
Common Stock	7/8/2019		S		500.0000	D	$1.4300	3611832.0000	D
Common Stock	4/29/2020		S		400.0000	D	$1.4400	3611432.0000	D
Common Stock	7/8/2019		S		400.0000	D	$1.4500	3611032.0000	D
Common Stock	7/8/2019		S		500.0000	D	$1.4600	3610532.0000	D
Common Stock	7/9/2019		S		500.0000	D	$1.6700	3610032.0000	D
Common Stock	7/8/2019		S		500.0000	D	$1.7500	3609532.0000	D
Common Stock	7/9/2019		S		500.0000	D	$1.7700	3609032.0000	D
Common Stock	7/9/2019		S		500.0000	D	$1.7800	3608532.0000	D
Common Stock	7/9/2019		S		500.0000	D	$1.8200	3608032.0000	D
Common Stock	7/9/2019		S		7000.0000	D	$1.7932	3601032.0000	D
Common Stock	7/9/2019		S		1000.0000	D	$1.9100	3600032.0000	D
Common Stock	7/10/2019		S		500.0000	D	$1.8400	3599532.0000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:
(1)	Correction to ending balance due to inadvertent past miscalculation

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
TOBIAS DAVID PO BOX 1602 MESQUITE, NV 89024	X	X	CEO

Signatures
/s/ David Tobias		4/29/2020
**Signature of Reporting Person		Date