CFN Enterprises Inc.: Amended Certificate of Incorporation to effect a 1-for-10 reverse stock split of common stock (effective 2025-07-11).
“On July 11, 2025, following the completion of regulatory requirements to effect the reverse split, the Company filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware pursuant to which Article Fourth of the Company’s Certificate of Incorporation was amended to effect a reverse split such that every issued and outstanding share of Common Stock (the “Old Common Stock”) immediately prior to the effective time of 5:00 p.m. Eastern time on July 11, 2025 (the “Reverse Stock Effective Time”) will be automatically reclassified and converted into one-tenth of a share of Common Stock (the “New Common Stock”) (the “Reverse Stock Split”).”
M&A Transactions
CFN Enterprises Inc. completed an acquisition involving Seller (owner of all equity interests of J Street Capital Partners, LLC) (closed 2025-07-01).
“The acquisition of J Street closed on July 1, 2025 and in connection with the acquisition, the Company issued 1.5 million shares of Company common stock to the Seller, pursuant to an exemption under Section 4(a)(2) of the Securities Act of 1933, as amended.”
Anness Ziadeh resigned as Chief Sales and Marketing Officer at CFN Enterprises Inc..
“On June 12, 2025, Anness Ziadeh, Chief Sales and Marketing Officer of CFN Enterprises Inc. and its wholly owned subsidiary Ranco LLC, resigned from his position.”
M&A Transactions
CFN Enterprises Inc. completed an acquisition involving RAN CoPacking Solutions LLC (closed 2023-07-01).
“The acquisition of the Purchased Assets closed on July 1, 2023.”
Rami Abi was appointed as Chief Strategy Officer at CFN Enterprises Inc..
“On July 1 2023, CFN Enterprises Inc. (the “Company”) entered into employment agreements with Allen Park, appointing him as Chief Operating Officer, Anness Ziadeh, appointing him as Chief Sales and Marketing Officer, and Rami Abi, appointing him as Chief Strategy Officer”
Anness Ziadeh was appointed as Chief Sales and Marketing Officer at CFN Enterprises Inc..
“On July 1 2023, CFN Enterprises Inc. (the “Company”) entered into employment agreements with Allen Park, appointing him as Chief Operating Officer, Anness Ziadeh, appointing him as Chief Sales and Marketing Officer, and Rami Abi, appointing him as Chief Strategy Officer”
Allen Park was appointed as Chief Operating Officer at CFN Enterprises Inc..
“On July 1 2023, CFN Enterprises Inc. (the “Company”) entered into employment agreements with Allen Park, appointing him as Chief Operating Officer, Anness Ziadeh, appointing him as Chief Sales and Marketing Officer, and Rami Abi, appointing him as Chief Strategy Officer”
M&A Transactions
CFN Enterprises Inc. completed an acquisition involving RAN CoPacking Solutions LLC (closed 2023-07-01).
“(the “Company”), and its wholly owned subsidiary, RANCO, LLC, a Delaware limited liability company (“Ranco”), entered into an asset purchase agreement (the “Asset Purchase Agreement”) with RAN CoPacking Solutions LLC, a California limited liability company (the “Seller”) and the members of the Seller (collectively, the “Founders”).”
Debt Financings
CFN Enterprises Inc. incurred loan of $5 million with certain lenders including Isaac Shehebar 2008 AIJJ Grantor Retained Annuity Trust and Ezra A. Chehebar maturing 15 month term.
“Ranco entered into promissory notes with certain lenders to borrow an aggregate of $5 million (the “Notes”). The Notes have a 15 month term and are subject to mandatory equal repayments commencing on the fourth month following issuance, for an aggregate repayment of $7.5 million.”
Material Agreements
CFN Enterprises Inc. entered into Packwoods Private Label Services and Intellectual Property Licensing Agreement with PW Industries LLC, RS Distributions LLC, and Packaging Innovations LLC (effective 2023-07-01).
“Also on July 1, 2023, Ranco entered into the Packwoods Private Label Services and Intellectual Property Licensing Agreement (the “Licensing Agreement”), with PW Industries LLC, a Wyoming limited liability company (“PW”), RS Distributions LLC, a Delaware limited liability company (“RS”), and Packaging Innovations LLC, a Wyoming limited liability company (“PI”, and together with PW and RS, the “Licensors”), for the exclusive manufacturing, packaging and distribution of, and wholesale and retail sales of a variety hemp-based inhalable (pre-roll and vaporizer), edible products, and disposable nicotine-based inhalable vaporizer products, and the purchase of packaging materials to be used with Packwoods-branded cannabis products (containing more than 0.3% delta-9 THC by weight) and the distribution of those packaging materials to licensed cannabis manufacturers designated by PW, using the Licensor’s licensed property for a 5 year exclusive term, subject to certain exclusions.”
Material Agreements
CFN Enterprises Inc. entered into Notes with certain lenders valued at $5 million (effective 2023-07-01).
“Also on July 1, 2023, Ranco entered into promissory notes with certain lenders to borrow an aggregate of $5 million (the “Notes”).”
Material Agreements
CFN Enterprises Inc. entered into Asset Purchase Agreement with RAN CoPacking Solutions LLC and its members valued at 40 million shares of Company common stock and $1 million in cash consideration (effective 2023-07-01).
“On July 1, 2023, CFN Enterprises Inc. (the “Company”), and its wholly owned subsidiary, RANCO, LLC, a Delaware limited liability company (“Ranco”), entered into an asset purchase agreement (the “Asset Purchase Agreement”) with RAN CoPacking Solutions LLC, a California limited liability company (the “Seller”) and the members of the Seller (collectively, the “Founders”).”
Vince Kandis resigned as President of CNP Operating, LLC at CFN Enterprises Inc..
“On February 13, 2023, Vince Kandis, the President of CNP Operating, LLC, a wholly owned subsidiary of CFN Enterprises Inc., resigned from his position.”
John Rand was appointed as Executive Vice President of Finance at CFN Enterprises Inc..
“appointing him as Executive Vice President of Finance”
Spiro Kandis was appointed as Chief Product Officer of CNP Operating at CFN Enterprises Inc..
“appointing him as Chief Product Officer of CNP Operating”
Vince Kandis was appointed as President of CNP Operating at CFN Enterprises Inc..
“appointing him as President of CNP Operating”
Mario Marsillo Jr. was appointed as Chief Investment Officer at CFN Enterprises Inc..
“appointing him as Chief Investment Officer”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.