---
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"
generated_at: "2026-06-04T11:31:06.436499+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Can B Corp. sells hemp division assets for ~$300k; shifts focus to cannabis patents

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010694
- JSON: https://secwatch.observer/filing/0001493152-24-010694.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010694.txt

## Key facts
- M&A Transactions
  Can B Corp completed a disposition involving multiple bidders for approximately $300,000 (closed 2024-03-14).
  - Action: disposition
  - Counterparty: multiple bidders
  - Consideration: approximately $300,000
  - Closing: 2024-03-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1509957/000149315224010694/0001493152-24-010694-index.htm

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