---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-001817"
form_type: "8-K"
ticker: "CBIH"
cik: "0001411057"
company_name: "Cannabis Bioscience International Holdings, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:58:23.505526+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Cannabis Bioscience International enters $66K convertible note with 1800 Diagonal Lending LLC

## Summary
- Principal $66,000; net proceeds $50,000 after OID ($11,000), interest charge ($8,580), and $5,000 fees.
- Repayment in 5 installments: $37,290 on Sep 15, 2024, then $9,322.50 monthly through Jan 15, 2025.
- Upon default, note convertible at 65% of lowest trading price over prior 10 trading days.
- Company must reserve 3x shares issuable upon conversion; initial reserve 435,164,835 shares.
- Breach of representations or covenants triggers event of default; 150% liquidated damages.

## SEC filing metadata
- accession: 0001683168-24-001817
- form_type: 8-K
- ticker: CBIH
- cik: 0001411057
- company_name: Cannabis Bioscience International Holdings, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1411057/000168316824001817/0001683168-24-001817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1411057/000168316824001817/cannabisbio_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-001817
- JSON: https://secwatch.observer/filing/0001683168-24-001817.json
- Plain text: https://secwatch.observer/filing/0001683168-24-001817.txt

## Key facts
- Material Agreements
  Cannabis Bioscience International Holdings, Inc. entered into Securities Purchase Agreement with 1800 Diagonal Lending LLC valued at $66,000 (effective 2024-03-14).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: 1800 Diagonal Lending LLC
  - Value: $66,000
  - Effective: 2024-03-14
  source text: On March 14, 2024, the Registrant and 1800 Diagonal Lending LLC, a Virginia limited liability company, entered into a Securities Purchase Agreement (the “SPA”), under which the Registrant agreement to make, and the Lender agreed to purchase a promissory note, dated as of March 14, 2024, in the principal amount of $66,000 (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1411057/000168316824001817/0001683168-24-001817-index.htm

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