---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-024299"
form_type: "8-K"
ticker: "NASC"
cik: "0001509957"
company_name: "Can B Corp"
filed_at: "2024-06-18T23:59:59+00:00"
generated_at: "2026-06-01T03:52:59.056538+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-024299
- form_type: 8-K
- ticker: NASC
- cik: 0001509957
- company_name: Can B Corp
- filed_at: 2024-06-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1509957/000149315224024299/0001493152-24-024299-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1509957/000149315224024299/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-024299
- JSON: https://secwatch.observer/filing/0001493152-24-024299.json
- Plain text: https://secwatch.observer/filing/0001493152-24-024299.txt

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