---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-21-007468"
form_type: "8-K"
ticker: "ASII"
cik: "0001464865"
company_name: "Accredited Solutions, Inc."
filed_at: "2021-10-20T23:59:59+00:00"
generated_at: "2026-06-28T19:36:00.522521+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# Good Hemp issues $275K promissory note and warrants to Jefferson Street Capital; net $230K

## Summary
- Issue of $275,000 promissory note (matures Aug 20, 2022), 10% interest; funded Oct 14, 2021 for net $230,000 after $25K OID and $20K expenses.
- Five-year warrants to purchase 185,185 shares at $1.35 per share, subject to anti-dilution adjustments.
- Note non-convertible unless default; conversion price at default is 75% of lowest VWAP over 10 trading days, capped at 4.99% beneficial ownership (non-waivable).
- Proceeds to be used for inventory financing and general working capital.
- Agreement includes customary representations, warranties, and covenants; breach constitutes event of default.

## SEC filing metadata
- accession: 0001477932-21-007468
- form_type: 8-K
- ticker: ASII
- cik: 0001464865
- company_name: Accredited Solutions, Inc.
- filed_at: 2021-10-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464865/000147793221007468/0001477932-21-007468-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464865/000147793221007468/ghmp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-21-007468
- JSON: https://secwatch.observer/filing/0001477932-21-007468.json
- Plain text: https://secwatch.observer/filing/0001477932-21-007468.txt

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