10 Aug 2023listing compliance notice▼ Bad
Cann American Corp. withdrew a registration statement, abandoning the offering it covered.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 July 2023late filing notice▼ Bad
Cann American Corp. notified the SEC that its quarterly report would be filed late.
17 May 2023asset acquisition disposition● NeutralMajor
On May 10, 2023 Cann American completed its acquisition of Red Sand Health, LLC, d/b/a Liberty Health Plus, as a wholly owned subsidiary, and the board approved renaming the business Prodigy Health Plus. Michael G. Kramer was appointed a director the same day. This follows the March 2023 Prodigy Stem Cell purchase; the filing gives no price or terms.
16 Mar 2023asset acquisition disposition● NeutralMajor
Cann American signed a binding letter of intent on January 30, 2023 to buy Prodigy Stem Cell, LLC, and completed the acquisition on March 1, 2023, making it a wholly owned subsidiary. Prodigy is a New Jersey company focused on sales, marketing and consulting for regenerative medicines, and its founder Peter Caruso joined the board the same day. The company's address also moved to Rutherford, New Jersey. The filing gives no price, shares issued or financial terms.
27 Jan 2023auditor change● Neutral
Cann American says it engaged BF Borgers CPA PC as its auditor on January 10, 2023, the second auditor named in about a year after Michael Gillespie & Associates in December 2021. The filing does not say why, or whether Gillespie was dismissed.
27 Dec 2021auditor change● Neutral
Cann American Corp (now a Wyoming company, CEO Jason Black) says it engaged Michael Gillespie & Associates, PLLC as its auditor on December 23, 2021. The filing gives no reason and does not name the previous auditor.
7 June 2021securities registration● Neutral
Cann American Corp. filed a post-qualification amendment to its Regulation A offering.
14 May 2021securities registration● Neutral
Cann American Corp. filed a post-qualification amendment to its Regulation A offering.
2 Apr 2021securities registration● Neutral
Cann American Corp. filed a post-qualification amendment to its Regulation A offering.
12 Mar 2021securities registration● Neutral
Cann American Corp. filed a post-qualification amendment to its Regulation A offering.
8 Jan 2021securities registration● Neutral
Cann American Corp. filed a post-qualification amendment to its Regulation A offering.
4 Jan 2021securities registration● Neutral
Cann American Corp. amended a filing by which it filed a Regulation A offering statement.
3 Feb 2020securities registration● Neutral
Cann American Corp. amended a filing by which it filed a Regulation A offering statement.
14 Jan 2020securities registration● Neutral
Cann American Corp. amended a filing by which it filed a Regulation A offering statement.
26 Dec 2019securities registration● Neutral
Cann American Corp. amended a filing by which it filed a Regulation A offering statement.
25 Nov 2019securities registration● Neutral
Cann American Corp. amended a filing by which it filed a Regulation A offering statement.
21 Oct 2019securities registration● Neutral
Cann American Corp. filed a Regulation A offering statement.
15 Jan 2013listing compliance notice▼ BadMajor
Cann American Corp. deregistered its securities, ending its obligation to file reports with the SEC.
2 Jan 2013auditor change● Neutral
Bioflamex reports again that it dismissed Weaver Martin & Samyn on October 16, 2012 and engaged Silberstein Ungar, PLLC effective October 11, 2012. It repeats that the prior two years' audit reports carried going-concern doubt, notes the previously disclosed internal-control weaknesses, and says the former auditor's response letter would follow by amendment, as the October 17 filing had said. This is a repeat of the October 17 notice rather than a new change; the filing adds no new facts beyond the original.
24 Oct 2012business combination▲ GoodMajor
This amendment to the July 2012 merger report adds that on October 17, 2012 Bioflamex, its subsidiary and Terra Asset Management signed a Termination Agreement that unwinds the merger and treats it as null and void, returning all parties to their original positions on ownership, management, share issuance and debts (other than those the company assumed), with mutual releases. This resolves the unwind thread from October 10: the planned 291,927,665 new shares, the 50,000,000 preferred shares and the cancellation of 23,468,334 shares each for Schiørring and Dahlerup do not go ahead, and the Bland/Clark board takeover is cancelled. The filing's other item headings (acquisition completed, change in control) are carried over from the original report; the termination text implies the transaction is void.
17 Oct 2012auditor change▼ Bad
Bioflamex dismissed its auditor Weaver Martin & Samyn, LLC on October 16, 2012 and engaged Silberstein Ungar, PLLC, effective October 11, 2012. The old auditor's reports for the fiscal years ended February 2012 and 2011 included going-concern uncertainty, and the filing notes the previously disclosed material weaknesses in internal controls; the former auditor's letter of agreement was still pending and is to follow by amendment.
15 Oct 2012late filing notice▼ Bad
Cann American Corp. notified the SEC that its quarterly report would be filed late.
10 Oct 2012business combination● NeutralMajor
On October 10, 2012 Bioflamex said it is negotiating with Terra Asset Management to unwind the July 2012 merger, and will no longer provide TAM's audited and pro forma financials. This reverses the planned merger and the dilution it would have brought; the terms of the unwinding were not yet given and were promised in the coming weeks.
24 July 2012business combination● NeutralMajor
On July 16, 2012 Bioflamex signed a merger agreement under which Terra Asset Management, Inc. (TAM) would merge into a Bioflamex subsidiary, TAM holders would receive 291,927,665 new Bioflamex shares plus 50,000,000 super-voting preferred shares (10 votes each), and Schiørring and Dahlerup would each have 23,468,334 shares cancelled (leaving 19,960,000 each) and receive $100,000 in payments within 60 days. Kenneth Bland and Wade Clark would take over the board and Bland become president, meaning a change of control and heavy dilution for existing shareholders if completed; the filing describes the terms as agreed, not the merger as closed.
16 July 2012late filing notice▼ Bad
Cann American Corp. notified the SEC that its quarterly report would be filed late.
10 July 2012financial restatement▼ Bad
This amendment to the June 2012 restatement notice, filed after SEC comments, adds detail: the restatement covers unrecorded liabilities for consulting agreements totalling about $191,000, which were missed because of material weaknesses in internal controls (weak segregation of duties and insufficient written accounting policies). The overall impact on prior results was still not determined, and amended reports were still expected by about July 20, 2012.
22 June 2012financial restatement▼ BadMajor
On June 21, 2012 the board said its 10-K for the year ended February 28, 2011 and the 10-Qs for the three 2011 quarters contain errors and should not be relied on. The errors involve previously undisclosed liabilities, expenses and material agreements, and the company plans to file amended reports by about July 20, 2012; the impact had not yet been determined.
29 May 2012late filing notice▼ Bad
Cann American Corp. notified the SEC that its annual report would be filed late.
22 May 2012material agreement● NeutralMajor
On May 14, 2012 Bioflamex signed an equity line with Dutchess Opportunity Fund II, LP, which committed to buy up to $10,000,000 of its common stock over 36 months, at 95% of the lowest VWAP over five trading days, at the company's choice and only once a resale registration statement is effective. The company must file that registration statement within 30 days, initially for 16,000,000 shares; future draws would issue new shares at a discount to the market price, diluting existing holders.
12 Oct 2011quarterly activities report▼ Bad
Cann American Corp. reported a quarterly net loss of $17 thousand for the period ended 2011-08-31.