Statement of Beneficial Ownership (sc 13d)
March 16 2021 - 4:28PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act
of 1934
MOUNTAIN
HIGH ACQUISITIONS CORP.
(Name of Issuer)
Common
Stock, par value $0.0001 per share
(Title of Class of Securities)
62405W100
(CUSIP Number)
David L. Ficksman
TroyGould PC
1801 Century Park East, Suite 1600
Los Angeles, California 90067
(310) 789-1290
(Name, Address and Telephone Number
of Person Authorized to Receive Notices and Communications)
March
8, 2021
(Date of Event Which Requires Filing
of this Statement)
If the filing person has previously filed
a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ¨
The information required on the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange
Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
CUSIP No. 83362P102
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13D
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Page 2 of 5 Pages
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1
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NAME OF REPORTING PERSON
David Aquino
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ¨
(b) ¨
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS
00
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5
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH
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7
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SOLE VOTING POWER
40,865,385
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8
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SHARED VOTING POWER
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9
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SOLE DISPOSITIVE POWER
40,865,385
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10
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SHARED DISPOSITIVE POWER
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
40,865,385
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12
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES excludes shares owned by Gwen Aquino, Mr. Aquino’s spouse ¨X
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.316%
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14
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TYPE OF REPORTING PERSON
IN
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CUSIP No. 83362P102
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13D
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Page 3 of 5 Pages
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Item 1.
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Security
and Issuer.
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This report on Schedule 13D (this “Report”)
pertains to the common stock, par value $0.0001 per share, of Mountain High Acquisitions Corp., a Colorado corporation (the “Company”
or the “Issuer”). The Issuer’s principal executive offices are located at 4350 Executive Drive, Suite
200, San Diego, CA 92121.
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Item 2.
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Identity
and Background.
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This Report is being filed on behalf
of David Aquino ( the “Reporting Person”).
The address of the Reporting Person is
30 Cipresso, Irvine, CA 92618.
The Reporting Person’s principal
occupation is as Chief Operating Officer of the Issuer.
The Reporting Person is a United States
citizen
During the last five years, the Reporting
Person has not been: (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) a
party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was
or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities, subject
to, U.S. federal or state securities laws or finding any violation with respect to such laws.
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Item 3.
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Source
and Amount of Funds or Other Consideration.
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Effective March 8,2021 (the “Effective
Date”), the Company, on the one hand, and the Reporting Person and Gwen Aquino, his spouse (the “Shareholders”),
on the other hand, entered into an Exchange Agreement (the “Exchange Agreement”) pursuant to which the Shareholders
exchanged 100% of the capital stock of Kafkaford Holdings, Inc. for an aggregate of 48,076,923 restricted shares of the Company
in accordance with the following schedule: 40,865,385 shares to the Reporting Person and 7,211,538 shares to Gwen Aquino, his spouse.
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Item 4.
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Purpose
of the Transaction
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The information set forth in Item 3 above
is incorporated herein by reference.
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Item 5.
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Interest
in Securities of the Issuer
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The information set forth in Item 3 above
is incorporated herein by reference.
(a) The
Reporting Person is the record owner of 40,865,385 shares of the Company’s Common Stock representing 8.316% of the Company’s
outstanding Common Stock
(b) As
a result of the Exchange Agreement the Reporting Person has the sole power to vote or direct the vote or to dispose or direct the
disposition of 40,865,385 shares. The number of shares beneficially owned by the Reporting Person does not include shares owned
by his spouse, Gwen Aquino, as to which the Reporting Person disclaims beneficial ownership
(c)(e) Not applicable.
CUSIP No. 83362P102
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13D
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Page 4 of 5 Pages
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(c)-(e) Not applicable
Except as described in this Report, no
person has the power to direct the receipt of dividends on, or proceeds of sales of, the shares of Common Stock owned beneficially
by the Reporting Person.
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Item 6.
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Contracts,
Arrangements, Understanding or Relationships with Respect to Securities of the Issuer
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Other than as described in Item 3, above,
which information is incorporated herein by reference, there are no contracts, arrangements, understandings or relationships between
the Reporting Person and any other person with respect to the securities of the Issuer.
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Item 7.
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Material
to be Filed as Exhibits
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Exhibit No.
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Description of Exhibit
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A
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Exchange Agreement. Incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed on March 15,2021.
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CUSIP No. 83362P102
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13D
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Page 5 of 5 Pages
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SIGNATURES
After reasonable inquiry and to the best
of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Dated: March 15,
2021
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/s/ David Aquino
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David Aquino
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