8-K
filed February 10, 2023, 6:59 PM ET
ticker TAAG
CIK 0001386044
M&A
confidence high
sentiment neutral
materiality 0.80
Awareness Group, Inc. (TAAG): M&A transaction — Freedom Holdings acquired by MedCann in reverse merger; control shifts to cannabis firm
Awareness Group, Inc.
- MedCann purchases 40M restricted common shares of Freedom for $50,000; assumes debt and operating costs.
- CEO Brian Kistler resigns all officer/director roles, stays as advisor for 2 years.
- John Vivian, CEO of MedCann, appointed Chairman and CEO of Freedom; Robin Wright named CFO; Richard Volpe appointed EVP.
- Freedom becomes majority-owned subsidiary of MedCann; company shifts focus to cannabis (CBD/THC beverages, medical treatment).
- All financial disclosures to be brought current.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robin Wright was appointed as Chief Financial Officer at Awareness Group, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On February 3, 2023 Robin Wright was appointed as the Chief Financial Officer and member of the Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard P. Volpe was appointed as Executive Vice President at Awareness Group, Inc..
- Action
- appointed
- Role
- Executive Vice President
Exact text from the filing
On February 3. 2023 Richard P. Volpe was appointed as Executive Vice President and member of the Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian Kistler resigned as Officer and Director at Awareness Group, Inc..
- Action
- resigned
- Role
- Officer and Director
Exact text from the filing
On February 3, 2023 Brian Kistler resigned all positions as Officer and Director according to the terms of the Binding Definitive Agreement with MEDcann Industries.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John E. Vivian was appointed as Chief Executive Officer and Chairman of the Board at Awareness Group, Inc..
- Action
- appointed
- Role
- Chief Executive Officer and Chairman of the Board
Exact text from the filing
On February 3, 2023 John E. Vivian, was simultaneously appointed as the Company Chief Executive Officer and Chairman of the Board of Directors.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Awareness Group, Inc. underwent a change of control involving MedCann Industries, Inc. (closed 2023-02-03).
- Action
- change of control
- Counterparty
- MedCann Industries, Inc.
- Closing
- 2023-02-03
Exact text from the filing
On February 3, 2023, we closed the acquisition of the common shares of Freedom Holdings, Inc. by MEDcann Industries and according to the terms of the agreement the control of the Company changed to MEDcann Industries
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Awareness Group, Inc. entered into Definitive Agreement with MedCann Industries, Inc. valued at $50,000.00 (effective 2023-01-18).
- Action
- entry
- Agreement
- merger
- Counterparty
- MedCann Industries, Inc.
- Value
- $50,000.00
- Effective
- 2023-01-18
Exact text from the filing
Entry into a Material Definitive Agreement On January 18, 2023 the Company entered into a Definitive Agreement with MedCann Industries, Inc.
View on SEC.gov
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