Can B Corp. Completes Asset Acquisition
Ticker: NASC · Form: 8-K · Filed: Mar 20, 2024 · CIK: 1509957
| Field | Detail |
|---|---|
| Company | Can B CORP (NASC) |
| Form Type | 8-K |
| Filed Date | Mar 20, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets
TL;DR
Can B Corp just bought assets from 07 Trade & Services, details TBD.
AI Summary
On March 14, 2024, Can B Corp. completed the acquisition of assets from 07 Trade & Services. The filing does not disclose specific dollar amounts or further details regarding the acquired assets or the terms of the transaction.
Why It Matters
This filing indicates a strategic move by Can B Corp. to expand its operations through asset acquisition, which could impact its market position and future growth.
Risk Assessment
Risk Level: medium — The lack of specific financial details and the nature of asset acquisitions can introduce uncertainty regarding the true value and integration success.
Key Players & Entities
- Can B Corp. (company) — Registrant
- 07 Trade & Services (company) — Seller of acquired assets
- Florida (jurisdiction) — State of incorporation
- Hicksville, NY (location) — Principal executive offices
FAQ
What specific assets were acquired by Can B Corp. from 07 Trade & Services?
The filing does not specify the exact nature or list of assets acquired from 07 Trade & Services.
What was the financial consideration for the asset acquisition?
The filing does not disclose the dollar amount or any financial terms related to the acquisition.
When did the asset acquisition officially close?
The acquisition of assets was completed on March 14, 2024.
What is the business of 07 Trade & Services?
The filing lists 07 Trade & Services under the SIC code 5122, which corresponds to Wholesale - Drugs, Proprietaries & Druggists' Sundries.
Has Can B Corp. undergone any previous name changes?
Yes, Can B Corp. was formerly known as Canbiola, Inc. (name change effective May 15, 2017) and Wrapmail, Inc. (name change effective January 10, 2011).
Filing Stats: 465 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-03-20 17:25:41
Key Financial Figures
- $300,000 — n resulted in proceeds of approximately $300,000 from the sale of certain equipment to m
Filing Documents
- form8-k.htm (8-K) — 35KB
- 0001493152-24-010694.txt ( ) — 204KB
- canb-20240314.xsd (EX-101.SCH) — 3KB
- canb-20240314_lab.xml (EX-101.LAB) — 34KB
- canb-20240314_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
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. Date: March 20, 2024 Can B Corp . By: /s/ Marco Alfonsi Name: Marco Alfonsi Title: CEO