Current Report Filing (8-k)
17 March 2018 - 12:33AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) off The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
March 1, 2018
CROWN
BAUS CAPITAL CORP.
(Exact
name of registrant as specified in charter)
Nevada
|
333-183239
|
99-0373498
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
9107
Wilshire Blvd, Suite 450
Beverly
Hills, California
|
90210
|
(Address
of principal executive offices)
|
(Zip
Code)
|
1-866-784-7239
Registrant’s
telephone number
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01 Entry into a Material Definitive Agreement
On March 1, 2018, Crown Baus Capital Corp. (the “Company”)
entered into a Share Purchase Agreement (the “Agreement”) with Carmen Dupetit and Alfredo Dupetit (collectively the
“Sellers”), who are the owners of the Cannabia International Trademark (the “Trademark”).
Cannabia has been brewed since 1996, it is known as
1st beverage containing hemp. Since 1996 there has been over 3 million bottles of Cannabia sold, always the same EU organic certified
quality. Family owned and operated company that has never stopped production since inception. Cannabia is currently being exported
to France, Spain, Japan, GB, Greece, Barbados, and sold in Germany, under the Cannabia Brand TM.
The Agreement provides for the purchase of all the Sellers
rights, assets, technology, intellectual property, trademarks, titles and interest in the Trademark in exchange for the payment
of $2 million cash within 12 months and the issuance of 5 million restricted common shares to the Sellers. The cash portion will
be discounted by $1 million if paid within 3 months from the date of the Agreement or by $500,000 if paid within 6 months of the
date of the agreement. The Closing Date of the Agreement is May 1, 2018.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
CROWN
BAUS CAPITAL CORP.
|
|
|
|
Date:
March 16, 2018
|
By:
|
/s/ Raymond
C. Dabney
|
|
|
Raymond
C. Dabney, President & C.E.O.
|
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