Can B Corp. ceases hemp operations; issues ~4.8M shares, incurs lease costs up to $132K

Can B Corp

Equipment auction on March 14, 2024 raised ~$300k, applied to Arena Special Opportunities convertible notes.
Board determined hemp division no longer feasible; operations cease immediately.
Company to issue ~4.825M shares of common stock and return ~1.4M lbs biomass to terminate processing agreement.
Expects lease termination costs of up to $132,000 from ending hemp operations.

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