{"schema_version":"secwatch.filing_event.v1","accession":"0001096906-23-001381","form_type":"8-K","ticker":"CNFN","cik":"0001352952","company_name":"CFN Enterprises Inc.","filed_at":"2023-07-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.683660+00:00","generated_at":"2026-06-13T11:38:03.574700+00:00","sec_items":["1.01","2.01","2.03","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CFN Enterprises acquires co-packing/3PL assets for 40M shares plus $1M cash, $5M debt financing","bullets":["Acquired co-packing and 3PL assets from RAN CoPacking Solutions for 40M shares, $1M deferred cash, and up to 16M earnout shares tied to revenue/profit targets.","Assumed LA facility lease: ~46,000 sq ft, 4 years remaining, current monthly rent $77,286, increasing to $86,937.","Issued $5M promissory notes with 15-month term; total repayment $7.5M. Notes secured by Ranco assets and guaranteed by CFN.","Entered exclusive 5-year licensing agreement with PW Industries for Packwoods-branded hemp and nicotine product manufacturing/distribution.","Two note lenders are existing shareholders/advisors to the company."],"urls":{"canonical":"https://secwatch.observer/filing/0001096906-23-001381","json":"https://secwatch.observer/filing/0001096906-23-001381.json","markdown":"https://secwatch.observer/filing/0001096906-23-001381.md","text":"https://secwatch.observer/filing/0001096906-23-001381.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/cnfn-20230705.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T11:38:03.574700+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":"a06ef2f3507b6ebcbdb51e3c97b394f35fac4dc1","claim":"CFN Enterprises Inc. incurred loan of $5 million with certain lenders including Isaac Shehebar 2008 AIJJ Grantor Retained Annuity Trust and Ezra A. Chehebar maturing 15 month term.","evidence_excerpt":"Ranco entered into promissory notes with certain lenders to borrow an aggregate of $5 million (the “Notes”). The Notes have a 15 month term and are subject to mandatory equal repayments commencing on the fourth month following issuance, for an aggregate repayment of $7.5 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$5 million"},{"label":"Counterparty","value":"certain lenders including Isaac Shehebar 2008 AIJJ Grantor Retained Annuity Trust and Ezra A. Chehebar"},{"label":"Maturity","value":"15 month term"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ed4013083268d885aa85a1d74b0d63c1ab23a3ab","claim":"CFN Enterprises Inc. completed an acquisition involving RAN CoPacking Solutions LLC (closed 2023-07-01).","evidence_excerpt":"(the “Company”), and its wholly owned subsidiary, RANCO, LLC, a Delaware limited liability company (“Ranco”), entered into an asset purchase agreement (the “Asset Purchase Agreement”) with RAN CoPacking Solutions LLC, a California limited liability company (the “Seller”) and the members of the Seller (collectively, the “Founders”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"RAN CoPacking Solutions LLC"},{"label":"Closing","value":"2023-07-01"}],"fact_type":"ma_transaction"},{"claim_id":"091835ff5becb46194a562b0c45f019ce626e407","claim":"CFN Enterprises Inc. entered into Notes with certain lenders valued at $5 million (effective 2023-07-01).","evidence_excerpt":"Also on July 1, 2023, Ranco entered into promissory notes with certain lenders to borrow an aggregate of $5 million (the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain lenders"},{"label":"Value","value":"$5 million"},{"label":"Effective","value":"2023-07-01"}],"fact_type":"material_agreement"},{"claim_id":"6d2b89b4ad1d718283e3146e8b272cf00ae0d265","claim":"CFN Enterprises Inc. entered into Packwoods Private Label Services and Intellectual Property Licensing Agreement with PW Industries LLC, RS Distributions LLC, and Packaging Innovations LLC (effective 2023-07-01).","evidence_excerpt":"Also on July 1, 2023, Ranco entered into the Packwoods Private Label Services and Intellectual Property Licensing Agreement (the “Licensing Agreement”), with PW Industries LLC, a Wyoming limited liability company (“PW”), RS Distributions LLC, a Delaware limited liability company (“RS”), and Packaging Innovations LLC, a Wyoming limited liability company (“PI”, and together with PW and RS, the “Licensors”), for the exclusive manufacturing, packaging and distribution of, and wholesale and retail sales of a variety hemp-based inhalable (pre-roll and vaporizer), edible products, and disposable nicotine-based inhalable vaporizer products, and the purchase of packaging materials to be used with Packwoods-branded cannabis products (containing more than 0.3% delta-9 THC by weight) and the distribution of those packaging materials to licensed cannabis manufacturers designated by PW, using the Licensor’s licensed property for a 5 year exclusive term, subject to certain exclusions.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"license"},{"label":"Counterparty","value":"PW Industries LLC, RS Distributions LLC, and Packaging Innovations LLC"},{"label":"Effective","value":"2023-07-01"}],"fact_type":"material_agreement"},{"claim_id":"b47cf9d9cf8872d9f6b1b34b64a2b7e28f0561b7","claim":"CFN Enterprises Inc. entered into Asset Purchase Agreement with RAN CoPacking Solutions LLC and its members valued at 40 million shares of Company common stock and $1 million in cash consideration (effective 2023-07-01).","evidence_excerpt":"On July 1, 2023, CFN Enterprises Inc. (the “Company”), and its wholly owned subsidiary, RANCO, LLC, a Delaware limited liability company (“Ranco”), entered into an asset purchase agreement (the “Asset Purchase Agreement”) with RAN CoPacking Solutions LLC, a California limited liability company (the “Seller”) and the members of the Seller (collectively, the “Founders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"RAN CoPacking Solutions LLC and its members"},{"label":"Value","value":"40 million shares of Company common stock and $1 million in cash consideration"},{"label":"Effective","value":"2023-07-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}