---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-020374"
form_type: "8-K"
ticker: "NASC"
cik: "0001509957"
company_name: "Can B Corp"
filed_at: "2021-08-17T23:59:59+00:00"
generated_at: "2026-06-29T09:31:51.608482+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Can B Corp. acquires $5.3M in hemp processing assets from TWS Pharma and $1.4M from Music City Botanicals

## Summary
- TWS assets acquired for $5.3M: $1.25M promissory note (6%, 12-month, $100k/mo) and $4.07M in CANB stock at $0.62/share.
- MCB assets acquired for $1.39M: $498k cash and $896k in CANB stock at $0.62/share.
- Acquisition includes 50,000 sq ft in three CO facilities targeting 1.5M lbs biomass annual throughput.
- Startup costs ~$250k with 30-day ramp; each million lbs biomass could yield ~15,000 liters isomers worth $10M at current prices.
- Bradley Lebsock, a significant employee, introduced CANB to TWS and MCB (potential related-party note).

## SEC filing metadata
- accession: 0001493152-21-020374
- form_type: 8-K
- ticker: NASC
- cik: 0001509957
- company_name: Can B Corp
- filed_at: 2021-08-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509957/000149315221020374/0001493152-21-020374-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509957/000149315221020374/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-020374
- JSON: https://secwatch.observer/filing/0001493152-21-020374.json
- Plain text: https://secwatch.observer/filing/0001493152-21-020374.txt

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