Current Report Filing (8-k)
January 06 2017 - 4:42PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
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):
December 16, 2016
AMERICAN CANNABIS COMPANY, INC.
(Exact Name of Registrant
as Specified in its Charter)
Delaware
(State
or other jurisdiction of incorporation or organization)
|
Commission
File Number
000-26108
|
94-2901715
(I.R.S.
Employer
Identification
Number)
|
5690 Logan St # A, Denver, Colorado
80216
(Address of Principal Executive Offices
and Zip Code)
(303) 974-4770
(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:
[ ]
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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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Section 8 - Other Events
Item 8.01 Other Events.
On June 27, 2016, the Company filed
Form 8-K disclosing its entry into a material definitive agreement with Tangiers Global, LLC, a Wyoming Limited Liability Company
(“Tangiers”). Pursuant to an Investment Agreement between the Company and Tangiers, Tangiers agreed to invest up to
five million dollars ($5,000,000) to purchase the Company’s Common Stock, par value $0.00001 per share, based upon an exemption
from registration provided under Section 4(a)(2) of the 1933 Securities Act, and Section 506 of Regulation D promulgated thereunder.
Concurrently, the Registrant and Tangiers entered into a Registration Rights Agreement, as an inducement to Tangiers to execute
and deliver the Investment Agreement, whereby the Registrant agreed to provide certain registration rights under the Securities
Act of 1933, as amended.
On August 10, 2016, the Company filed
Form 8-K disclosing that the Company and Tangiers executed an amended and restated Registration Rights Agreement and Investment
Agreement. Both amended and restated agreements were filed with the Company’s Form 10-Q for the June 30, 2016 quarter, filed
on August 18, 2016.
On September 12, 2016, the Company
filed Form S-1 Registration Statement for 5,829,842 shares of Company common stock to be sold to Tangiers Global, LLC under the
amended and restated Investment Agreement and Registration Rights Agreement. The Securities and Exchange Commission granted notice
of effectiveness of the registration on November 8, 2016.
Pursuant to the amended and restated Investment Agreement,
the Company sold registered common shares to Tangiers in two separate transactions: On December 16, 2016, the Company sold 623,237
shares to Tangiers in exchange for $ $500,000; and on December 30, 2016, the Company sold 588,841 shares to Tangiers in exchange
for $ $500,000.
Consistent with the amended and restated
investment agreement, the Company will use the funds for general corporate and working capital purposes and acquisitions of assets,
businesses or operations or for other purposes that the board of directors of the Company, in its good faith, deems to be in the
best interest of the Company.
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 January 6, 2017
AMERICAN CANNABIS COMPANY, INC.
By: /s/
Terry Buffalo
Terry Buffalo
Principal Executive Officer
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