{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010694","form_type":"8-K","ticker":"NASC","cik":"0001509957","company_name":"Can B Corp","filed_at":"2024-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.427193+00:00","generated_at":"2026-06-04T11:31:06.436499+00:00","sec_items":["2.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Can B Corp. sells hemp division assets for ~$300k; shifts focus to cannabis patents","bullets":["Hemp division assets sold via UCC Article 9 auction on March 14, 2024.","Proceeds of approximately $300,000 applied to convertible notes held by Arena entities.","Company continues hemp/Duramed operations but primary focus shifts to commercializing cannabis patents via 67%-owned Nascent Pharma.","Sale represents a strategic pivot away from core hemp asset base to patent monetization."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010694","json":"https://secwatch.observer/filing/0001493152-24-010694.json","markdown":"https://secwatch.observer/filing/0001493152-24-010694.md","text":"https://secwatch.observer/filing/0001493152-24-010694.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1509957/000149315224010694/0001493152-24-010694-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1509957/000149315224010694/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T11:31:06.436499+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e6a12896b6fe4bd4fcb40b1305a9f9c452c1bac5","claim":"Can B Corp completed a disposition involving multiple bidders for approximately $300,000 (closed 2024-03-14).","evidence_excerpt":"of assets of the hemp division of Can B Corp. (the “Company”) under Article 9 of the Uniform Commercial Code was completed. The auction resulted in proceeds of approximately $300,000 from the sale of certain equipment to multiple bidders, which has been applied to the Company’s obligations under Convertible Notes held by Arena Special Opportunities Partners I,","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1509957/000149315224010694/0001493152-24-010694-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"multiple bidders"},{"label":"Consideration","value":"approximately $300,000"},{"label":"Closing","value":"2024-03-14"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}