---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-006058"
form_type: "8-K"
ticker: "NASC"
cik: "0001509957"
company_name: "Can B Corp"
filed_at: "2022-03-04T23:59:59+00:00"
generated_at: "2026-06-27T01:33:37.517325+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Can B Corp signs deal to develop up to 100 CBD Lounges at ~$4M each

## Summary
- Agreement with American Development Partners to develop up to 100 CBD Lounges; first 50 committed, option for 50 more.
- Each Lounge expected development cost ~$4M; ADP receives 10% development fee.
- Leases are triple net, 20-year terms, rent capped at 10 times total development cost, with 2% annual increase.
- Exclusive developer arrangement for 10-year term; leases begin upon certificate of occupancy.
- Company guarantees leases if not tenant; security deposit of one month rent required.

## SEC filing metadata
- accession: 0001493152-22-006058
- form_type: 8-K
- ticker: NASC
- cik: 0001509957
- company_name: Can B Corp
- filed_at: 2022-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509957/000149315222006058/0001493152-22-006058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509957/000149315222006058/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-006058
- JSON: https://secwatch.observer/filing/0001493152-22-006058.json
- Plain text: https://secwatch.observer/filing/0001493152-22-006058.txt

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