--- 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" generated_at: "2026-06-13T11:38:03.574700+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # CFN Enterprises acquires co-packing/3PL assets for 40M shares plus $1M cash, $5M debt financing ## Summary - 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. ## SEC filing metadata - 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 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 1.01, 2.01, 2.03, 3.02, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001096906-23-001381 - JSON: https://secwatch.observer/filing/0001096906-23-001381.json - Plain text: https://secwatch.observer/filing/0001096906-23-001381.txt ## Key facts - Debt Financings 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. - Instrument: loan - Principal: $5 million - Counterparty: certain lenders including Isaac Shehebar 2008 AIJJ Grantor Retained Annuity Trust and Ezra A. Chehebar - Maturity: 15 month term - Event: incurrence source text: 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_url: https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm - M&A Transactions CFN Enterprises Inc. completed an acquisition involving RAN CoPacking Solutions LLC (closed 2023-07-01). - Action: acquisition - Counterparty: RAN CoPacking Solutions LLC - Closing: 2023-07-01 source text: (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_url: https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm - Material Agreements CFN Enterprises Inc. entered into Notes with certain lenders valued at $5 million (effective 2023-07-01). - Action: entry - Agreement: notes offering - Counterparty: certain lenders - Value: $5 million - Effective: 2023-07-01 source text: Also on July 1, 2023, Ranco entered into promissory notes with certain lenders to borrow an aggregate of $5 million (the “Notes”). evidence_url: https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm - Material Agreements 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). - Action: entry - Agreement: license - Counterparty: PW Industries LLC, RS Distributions LLC, and Packaging Innovations LLC - Effective: 2023-07-01 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm - Material Agreements 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). - Action: entry - Agreement: asset purchase - Counterparty: RAN CoPacking Solutions LLC and its members - Value: 40 million shares of Company common stock and $1 million in cash consideration - Effective: 2023-07-01 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1352952/000109690623001381/0001096906-23-001381-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.