Amended Current Report Filing (8-k/a)
December 11 2017 - 2:37PM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
FORM 8-K /A
Amendment 1
CURRENT REPORT
Pursuant to Section
13 or 15(d) of
the Securities Exchange
Act of 1934
Date of Report (Date
of earliest event reported):
November 6, 2017
MARIJUANA COMPANY OF AMERICA, INC.
(Exact
Name of Registrant as Specified in its Charter)
Utah
(State or other jurisdiction of
incorporation
or organization)
|
Commission File Number
000-27039
|
87-0406858
(I.R.S. Employer
Identification Number)
|
1340 West Valley Parkway Suite #205
Escondido, California 92029
(Address of Principal Executive Offices and Zip Code)
(888) 777-4362
(Issuer's telephone number)
(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))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
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.
☒
Section 1 - Registrant’s Business and Operations
Item 1.01 Amendment of a Material Definitive Agreement.
(a)(1) Previously, on March
16, 2017, the Registrant and Bougainville entered into a Joint Venture Agreement (“Agreement”). The Registrant
filed the Agreement as an exhibit to its Form 1012g filed with the Commission on May 23, 2017. The Agreement required the
Registrant to raise funds for the Joint Venture Project in the amount of not less than one million dollars ($1,000,000). The
Registrant and Bougainville agreed to the following funding schedule:
April
4, 2017
|
$75,000
|
|
April
17, 2017
|
$125,000
|
|
May
1, 2017
|
$513,750
|
|
June
1, 2017
|
$17,250
|
|
July
1, 2017
|
$19,000
|
|
August
1, 2017
|
$250,000
|
|
The Registrant paid Bougainville
$75,000 on April 4, 2017 and $300,000 on July 17, 2017.
On November 6, 2017, pursuant
to Section 12.9 of the Agreement, the Registrant and Bougainville entered into a written amendment which reduced the Registrant’s
funding obligation from one million dollars ($1,000,000) to eight hundred thousand dollars ($800,000), and separately required
the Registrant to issue to Bougainville fifteen million (15,000,000) shares of its restricted common stock pursuant to the Reg.
D exemption from registration pursuant to the 1933 Securities and Exchange Act.
On November 7, 2017, the Registrant
paid Bougainville $425,000, equaling total payments to Bougainville of $800,000 consistent with the amended Agreement.
Section 3 - Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities
On November 9, 2017, the Registrant
completed the sale of 15,000,000 shares its restricted common shares to Bougainville as partial consideration for the amendment
to the Agreement discussed in this filing. No underwriting commissions or fees were involved.
The Registrant relied upon the
exemption from registration provided by Section 4(2) of the Securities Act of 1933, and Rule 506 of Regulation D promulgated thereunder,
with respect to the sale of the restricted stock. Bougainville is an “accredited investor” pursuant to Section 501(a)
of the Securities Act. The Registrant provided and made available to Bougainville full information regarding its business and
operations. There was no general solicitation in connection with the offer or sale of the restricted securities.
Bougainville acquired the restricted
common stock for its own account, for long term investment purposes and not with a view to public resale or distribution thereof
within the meaning of the Securities Act. By virtue of applicable legal restrictions, Bougainville cannot resell the subject securities
unless they have been first registered in a registration statement deemed effective by the Commission, or by an exemption from
registration requirements of Section 5 of the Securities Act—the existence of any such exemption subject to legal review
and approval by the Company.
Section
9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and
Exhibits.
Exhibit Index:
** Previously filed November 8, 2017 on Form 8-K.
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.
Dated December 11 , 2017
MARIJUANA COMPANY OF AMERICA, INC.
By: /s/
Donald Steinberg
Donald Steinberg
Chief Executive Officer
(Principal Executive Officer)
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