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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
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): October 10, 2023
CAN
B CORP.
(Exact
name of registrant as specified in its charter)
Florida |
|
000-55753 |
|
20-3624118 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
960
South Broadway, Suite 120 |
|
|
Hicksville,
NY 11801 |
|
11801 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(516)
595-9544
Registrant’s
telephone number, including area code
Not
Applicable
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)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
None
|
|
N/A |
|
N/A
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.
ITEM
8.01. OTHER EVENTS
On
October 10, 2023, Can B Corp. (the “Company”) announced the move of its Pure Health Product operations from Lacey, Washington
to Colorado. A copy of the press release announcing the move is attached as Exhibit 99.1 to this Report and incorporated herein by reference.
ITEM
9.01. FINANCIAL STATEMENT AND EXHIBITS.
(d)
Exhibits
99.1 Press Release dated October 10, 2023.
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.
Date:
October 10, 2023
|
Can
B Corp. |
|
|
|
|
By: |
/s/
Marco Alfonsi |
|
Name: |
Marco
Alfonsi |
|
Title: |
CEO |
EXHIBIT
99.1
Can
B Corp. Expects Nearly $500,000 Annual Savings with Successful Completion of Move of Pure Health Products from Lacey, WA to Colorado
HICKSVILLE,
NY (GlobeNewswire) – October 10, 2023 – Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”),
a health and wellness company specializing in developing, producing and selling hemp derived cannabinoid products, is pleased to announce
its move and consolidation of its Pure Health Product operations from Lacey, WA to Colorado. This furthers Can B’s corporate consolidations
as it previously did with Miami and McMinville operations also relocating to Colorado.
Marco
Alfonsi, Can B’s Chief Executive Officer, stated, “This consolation is expected to save the Company nearly $500,000 annually
in rent, staffing and shipping related expenses. We have just completed delivery of 3 of the expected 4 semi-loads of equipment and raw
materials for Pure Health Products from Lacey, WA to Colorado. Today, Colorado is the base of operation for all manufacturing, processing,
packaging and shipping of all hemp and non-hemp related, CBD, nutrients, supplements, and super-food products for all Can B subsidiaries.”
The
move included relocating all of the Super-Food products manufacturing, process, packaging, labeling, and raw materials/ingredients for
Integrity Brands by Brooke Burke Body and other brands to the Company’s Fort Morgan facility on County Road 21 known as the “Budweiser
Building”.
Pure
Health Products expects to have the Super-Food production in full operation by mid-October 2023.
The
other production equipment including bottling lines, capsule machines, tablet presses, coating machines, wet and dry pouch machines,
and various packing sealing and coding equipment was split into two segments between Hakala Research, LLC in Glen Rock Wyoming, under
a use agreement and CO Botanicals building on Energy Road in Fort Morgan, CO known as the “ICS Building”. This equipment
will continue production of PHP’s white label and brand labeled tinctures, salves, roll-ons, oils, supplements, lotions, and related
products both with and without CBD. This equipment is expected to be operational by the end of October 2023 as the Company also has sufficient
products in inventory to meet expected demand for 45-60 days at current usage.
About
Can B Corp.
Can
B Corp. (OTCQB: CANB) is a health & wellness company providing the highest quality hemp derived cannabinoid products, including
under its own brands of Canbiola, Seven Chakras, NuWellness, Pure Leaf Oil and Duramed. Can B utilizes multi-channel distribution to
reach consumers, including medical facilities, doctor offices, retailers, online and direct. Can B Corp. operates R&D and production
facilities in Lacey, WA, and Florida. To learn more about Can B Corp. and our comprehensive line of high quality products, please visit:
Canbiola.com and www.CanBCorp.com, follow Can B Corp on Instagram and Facebook, or visit one of the 1,000+ retail
outlets that carry Can B Corp. products.
For
more information about Can B Corp., please visit: CanBCorp.com
Twitter
@CanBCorp
Instagram
@canbcorp
Facebook
@ Can B Corp
YouTube
Forward-Looking
Statements
Forward-looking
statements and risks and uncertainties discussed in this release contain forward-looking statements. The words “anticipate,”
“believe,” “estimate,” “may,” “intend,” “expect,” and similar expressions
identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated,
expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks
and uncertainties, including but not limited to, risks and uncertainties associated with, among other things, the impact of economic,
competitive, and other factors affecting our operations, markets, products, and performance. The matters discussed herein should not
be construed in any way, shape or manner of our future financial condition or stock price. Except as required by law, we undertake no
obligation to update or revise publicly any forward-looking statements, whether as a result of latest information, future events or otherwise,
after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Investors
and Media:
IR@canbiola.com
(917)
658-7878
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