other material
confidence high
sentiment neutral
materiality 0.40
Cannabis Bioscience issues 250M shares to director John Jones for $75,000 with price guarantee
Cannabis Bioscience International Holdings, Inc.
- Director John Jones purchased 250M shares at $0.0003 each for total $75,000 in private placement.
- Board authorized transaction as conflicting interest transaction under Colorado law; disinterested directors approved.
- Company must repurchase shares for $93,750 if market value below that on Dec 31, 2025, unless stock price exceeds $0.000375.
- Shares issued under exemption from registration; outstanding shares pre-issuance were 10,506,749,347.