---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-22-001701"
form_type: "8-K"
ticker: "CNBX"
cik: "0001343009"
company_name: "CNBX Pharmaceuticals Inc."
filed_at: "2022-03-16T23:59:59+00:00"
generated_at: "2026-06-26T22:17:48.437362+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cannabics defaults on $1.375M note, obtains forbearance; issues $280K demand note

## Summary
- Forbearance with institutional investor on $1.375M Senior Secured Note due Dec 21, 2021; forbearance through May 7, 2022.
- Issued $280K demand promissory note ($240K net after $40K OID) for general working capital.
- Demand note payable after earlier of May 16, 2022 or next securities offering; late charge 15% p.a.
- Future securities offering proceeds must first repay demand note, then the February Note.
- Company acknowledges defaults; waives defenses and holder waives registration rights during forbearance.

## SEC filing metadata
- accession: 0001683168-22-001701
- form_type: 8-K
- ticker: CNBX
- cik: 0001343009
- company_name: CNBX Pharmaceuticals Inc.
- filed_at: 2022-03-16T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1343009/000168316822001701/0001683168-22-001701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1343009/000168316822001701/cannabics_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-001701
- JSON: https://secwatch.observer/filing/0001683168-22-001701.json
- Plain text: https://secwatch.observer/filing/0001683168-22-001701.txt

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