---
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"
generated_at: "2026-06-29T06:42:11.736737+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# CFN Enterprises acquires CNP Operating for 354M shares; appoints new officers

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 2.01, 3.02, 5.02, 5.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001096906-21-002203
- JSON: https://secwatch.observer/filing/0001096906-21-002203.json
- Plain text: https://secwatch.observer/filing/0001096906-21-002203.txt

## Key facts
- Executive change
  Spiro Kandis was appointed as Chief Product Officer of CNP Operating at CFN Enterprises Inc..
  - Action: appointed
  - Role: Chief Product Officer of CNP Operating
  source text: appointing him as Chief Product Officer of CNP Operating
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/0001096906-21-002203-index.htm
- Executive change
  Mario Marsillo Jr. was appointed as Chief Investment Officer at CFN Enterprises Inc..
  - Action: appointed
  - Role: Chief Investment Officer
  source text: appointing him as Chief Investment Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/0001096906-21-002203-index.htm
- Executive change
  John Rand was appointed as Executive Vice President of Finance at CFN Enterprises Inc..
  - Action: appointed
  - Role: Executive Vice President of Finance
  source text: appointing him as Executive Vice President of Finance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/0001096906-21-002203-index.htm
- Executive change
  Vince Kandis was appointed as President of CNP Operating at CFN Enterprises Inc..
  - Action: appointed
  - Role: President of CNP Operating
  source text: appointing him as President of CNP Operating
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352952/000109690621002203/0001096906-21-002203-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.