{"schema_version":"secwatch.filing_event.v1","accession":"0001096906-21-002203","form_type":"8-K","ticker":"CNFN","cik":"0001352952","company_name":"CFN Enterprises Inc.","filed_at":"2021-08-31T23:59:59+00:00","discovered_at":"2026-05-14T18:04:17.805394+00:00","generated_at":"2026-06-29T06:42:11.736737+00:00","sec_items":["2.01","3.02","5.02","5.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"medium","headline":"CFN Enterprises acquires CNP Operating for 354M shares; appoints new officers","bullets":["Acquired 100% of CNP Operating, a rare cannabinoids manufacturer, for 354 million shares of common stock.","Acquisition closed August 25, 2021; shares issued under Section 4(a)(2) with 12-month lock-up and further 12-month restrictions.","Entered employment agreements with Brian Ross (CEO), Mario Marsillo (CIO), Vince Kandis (Pres of CNP Op), Spiro Kandis (CPO), and John Rand (EVP of Finance) through Dec 31, 2026.","Base salaries: Ross, V. Kandis, S. Kandis $300k; Marsillo $265k; Rand $160k; plus annual raises and bonuses up to 100% (30% for Rand).","Severance: if terminated w/o cause, greater of remaining payments or one year salary; confidentiality & assignment provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001096906-21-002203","json":"https://secwatch.observer/filing/0001096906-21-002203.json","markdown":"https://secwatch.observer/filing/0001096906-21-002203.md","text":"https://secwatch.observer/filing/0001096906-21-002203.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/0001096906-21-002203-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/cnfn-20210831.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T06:42:11.736737+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"022d0f8308","claim":"Spiro Kandis was appointed as Chief Product Officer of CNP Operating at CFN Enterprises Inc..","evidence_excerpt":"appointing him as Chief Product Officer of CNP Operating","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/0001096906-21-002203-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Product Officer of CNP Operating"}],"fact_type":"executive_change"},{"claim_id":"2ab676452f","claim":"Mario Marsillo Jr. was appointed as Chief Investment Officer at CFN Enterprises Inc..","evidence_excerpt":"appointing him as Chief Investment Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/0001096906-21-002203-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Investment Officer"}],"fact_type":"executive_change"},{"claim_id":"5c8d2b8e2f","claim":"John Rand was appointed as Executive Vice President of Finance at CFN Enterprises Inc..","evidence_excerpt":"appointing him as Executive Vice President of Finance","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/0001096906-21-002203-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Executive Vice President of Finance"}],"fact_type":"executive_change"},{"claim_id":"dd14b8536e","claim":"Vince Kandis was appointed as President of CNP Operating at CFN Enterprises Inc..","evidence_excerpt":"appointing him as President of CNP Operating","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/0001096906-21-002203-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President of CNP Operating"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}