SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

Nemus Bioscience, Inc.

(Name of Issuer)

 

Common Stock, $.001 par value

(Title of Class of Securities)

 

64046J100

(CUSIP Number)

 

Emerald Health Sciences Inc.

Office 8262, The Landing, 200 – 375 Water St.

Vancouver, British Columbia, Canada V6B 0M9

858-361-4499  

(Name, Address, and Telephone Number of Person Authorized to Receive Notices and Communications)

 

With a copy to:

Mark C. Lee, Esq.

Greenberg Traurig, LLP

1201 K Street, Suite 1100

Sacramento, California 95814

February 16, 2018

(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. o

 

Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

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. 64046J100

Page 2 of 5

 

1

 

NAME OF REPORTING PERSONS

  

Emerald Health Sciences Inc.

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a) o

(b) o

3

 

SEC USE ONLY

 

 

4

 

SOURCE OF FUNDS (See Instructions)

 

WC

5

 

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

o

6

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

British Columbia, Canada

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

7

 

SOLE VOTING POWER

 

113,916,250 (1)

8

 

SHARED VOTING POWER

 

0

9

 

SOLE DISPOSITIVE POWER

 

113,916,250 (1)

10

 

SHARED DISPOSITIVE POWER

 

0

 

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

113,916,250 (1)

12

 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

o

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

65.77% (2)

14

 

TYPE OF REPORTING PERSON (See Instructions)

 

CO

 

(1) Consists of (i) 40,781,250 shares of Common Stock; (ii) 40,800,000 shares of Common Stock issuable upon exercise of warrants; (iii) 12,335,000 shares of Common Stock issuable upon conversion of Series B Convertible Preferred Stock; and (iv) 20,000,000 shares of Common Stock issuable upon conversion of Series F Convertible Preferred Stock, held by Emerald Health Sciences Inc.

 

(2) Based on (i) 100,079,080 shares of Common Stock outstanding on February 16, 2018; (ii) 40,800,000 shares of Common Stock issuable upon exercise of outstanding warrants; (iii) 12,335,000 shares of Common Stock issuable upon conversion of outstanding Series B Convertible Preferred Stock; and (iv) 20,000,000 shares of Common Stock issuable upon conversion of outstanding Series F Convertible Preferred Stock.

 

 
 
 
 

 

CUSIP No. 64046J100

Page 3 of 5

 

Item 1. Security and Issuer

 

This Amendment No. 1 (“Amendment No. 1”) to Schedule 13D amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on January 30, 2018 (the “Schedule 13D”) relating to the shares of common stock, $0.001 par value per share (“Common Stock”), of Nemus Bioscience, Inc. (the “Issuer”). The principal executive offices of the Issuer are located at 600 Anton Boulevard, Suite 1100, Costa Mesa, CA 92626. Except as amended and supplemented hereby, the Schedule 13D remains in full force and effect. All capitalized terms not otherwise defined in this Amendment No. 1 shall have the same meanings ascribed thereto in the Schedule 13D.

 

Item 2. Identity and Background

 

(a) This Amendment No. 1 to Schedule 13D is being filed by Emerald Health Sciences Inc. (the “Reporting Person”).

 

(b) The business address of the Reporting Person is Office 8262, The Landing, 200 – 375 Water St., Vancouver, British Columbia, Canada V6B 0M9.

 

(c) The principal business of the Reporting Person is investments that advance the development of cannabis in pharmaceutical, botanical, and bioceutical applications.

 

(d) During the last five years the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) During the last five years the Reporting Person was not 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, federal or state securities laws, or finding any violation with respect to such laws.

 

(f) Not Applicable.

 

Item 3. Source and Amount of Funds or Other Consideration

 

On January 24, 2018, the Reporting Person exercised warrants to purchase 1,781,250 shares of the Issuer’s Common Stock (the “Series B Warrants”).

 

On February 16, 2018, the Reporting Person purchased from the Issuer in a second closing of a private placement (the “Private Placement”) 15,000,000 shares (the “Private Placement Shares”) of Common Stock, at $0.10 per share, and warrants (the “Warrants”) to purchase 20,400,000 shares of Common Stock at $0.10 per share.

 

The source of funds for the transaction set forth in this Item 3 was working capital of the Reporting Person.

 

Item 4. Purpose of the Transaction

 

The Reporting Person purchased the Series B Warrants from an unrelated third party. The Reporting Person purchased the Private Placement Shares and the Warrants in the Private Placement.

 

The purpose of the transaction stated above was for the Reporting Person to own a majority of the equity interest in the Issuer. Simultaneously with the first closing of the Private Placement, the current members of the board of directors of the Issuer (the “Board”) agreed to appoint nominees of the Reporting Person to the Board and all of the current members of the Board except for Dr. Brian Murphy subsequently tendered their resignation.

 

 
 
 
 

 

CUSIP No. 64046J100

Page 4 of 5

 

  

Subject to on going evaluation, except as set forth above, the Reporting Person has no current plans or proposals which relate to or would result in any of the following:

 

(a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;

 

(b) An extraordinary corporate transaction, such as a merger, reorganization, or liquidation, involving the Issuer or any of its subsidiaries;

 

(c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;

 

(d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board;

 

(e) Any material change in the present capitalization or dividend policy of the Issuer;

 

(f) Any other material change in the Issuer’s business or corporate structure, including but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940;

 

(g) Changes in the Issuer’s charter, bylaws, or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person;

 

(h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

 

(i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or

 

(j) Any action similar to any of those enumerated above.

 

Item 5. Interest in Securities of the Issuer

 

(a) The Reporting Person beneficially owns 113,916,250 shares of Common Stock, which represents approximately 65.77% of the outstanding shares of Common Stock.

 

(b) The Reporting Person has the sole power to vote and sole power to dispose of 113,916,250 shares of Common Stock, which represent approximately 65.77% of the outstanding shares of Common Stock.

 

(c) No transactions in the Issuer’s Common Stock were effected during the past 60 days by the Reporting Person except as set forth in Item 3 above.

 

(d) Not applicable.

 

(e) Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

Reference is made to the transaction stated in Item 3 above.

 

Item 7. Material to be Filed as Exhibits

 

None

 

 
 
 
 

 

CUSIP No. 64046J100

Page 5 of 5

 

Signature

 

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.

 

  EMERALD HEALTH SCIENCES INC.
       
Dated: March 2, 2018 By: /s/ James L. Heppell

 

 

James L. Heppell, Director