Current Report Filing (8-k)
13 February 2019 - 5:03AM
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) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
December 13, 2018
(Exact
name of registrant as specified in its charter)
Nevada
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000-29363
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88-0343702
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(State
or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification Number)
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1771
E. Flamingo Rd #201-A, Las Vegas, NV 89119
(Address
of principal executive offices)
(702)
734-3457
(Registrant’s
telephone number, including area code)
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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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
December 13, 2018, Players Network (the “Company”) entered into an (the “Agreement”) with Cannabis Avatara
S.E. (“Cannava”), a state owned corporation organized under the laws of the Republic of Argentina and created by the
Province of Jujuy, Argentina (the “Province”).
The
Agreement provides for, among other things, the joint cooperation of the Company and Cannava in connection with the cultivation
and harvest of cannabis in the Province over several phases (the “Project”), including the terms for the distribution
of profits from the Project to the Company and Cannava.
Pursuant
to the Agreement, Cannava is be responsible for:
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obtaining
all necessary licenses and authorizations for the Project;
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providing
free access to suitable land for the cultivation of cannabis for a minimum of 30 years of, consisting of at least 30 hectares
for the initial pilot phase of the Project, and an additional 10,000 hectares for industrial cultivation; and
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providing
additional land for the facilities that will store and cure harvested cannabis;
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and
the Company is responsible for:
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providing
all funding for the Project;
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training
the skilled and unskilled workers to be employed for the Project; and
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building
the necessary infrastructure.
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Profits
from the Project are to be distributed 70% to the Company and 30% to Cannava from the sale and distribution of raw cannabis bio-mass
and flower, and 95% to the Company and 5% to Cannava with respect to extraction activities.
The
description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which
is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. There can be no assurance that
the transactions contemplated by the Agreement.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
February
12, 2019
By:
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/s/
Mark Bradley
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Mark
Bradley, Chief Executive Officer
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