CNBX 8-K
CNBX Pharmaceuticals Inc. (CNBX)
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):
April 16th, 2020
CANNABICS PHARMACEUTICALS INC.
(Exact name of registrant as specified in its charter)
| Nevada | 333-192759 | 20-3373669 |
| (State of incorporation) | (Commission File Number) | (IRS Employer No.) |
#3 Bethesda Metro Center
Suite 700
Bethesda, Md 20814
(Address of principal executive offices and Zip Code)
877 424-2429
(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:
| ☐ | 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)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock, par value $0.0001 per share | CNBX | OTCQB |
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 5.02 – DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On April 16th, 2020, the Board of Directors nominated fellow Director and Board Member Itamar Borochov as Chairman of the Board; at the same time the Board nominated fellow Director and Board Member Gabriel Yariv as President of the Corporation.
Mr. Itamar Borochov, 62, is an environmentalist with vast experience as an entrepreneur in the medical cannabis field, with broad experience in management, finance and regulated medical cannabis companies. Mr. Borochov was the original Founder of Cannabics Pharmaceuticals Inc.
Mr. Yariv, 43, brings over 20 years of successful executive experience in the medical industry. Mr. Yariv was part of the founding group of BreathID., an Oridion Medical business unit (now Medtronic) and its subsequent spinoff company, BreathID Inc., (now Exalenz Bioscience) develops and manufactures advanced non-invasive diagnostic medical devices for gastrointestinal and liver conditions. Mr. Yariv also co-founded SimuTec, a medical simulation and training company in Brazil that develops and commercializes advanced personalized Virtual Reality training programs for physicians.
Mr. Yariv is actively engaged in non-profit and philanthropic activities including ongoing business mentoring of entrepreneurs, founder of the Yariv Foundation for Leadership, and current member of the Friends of the Israel Museum society. Mr. Yariv holds a BA (Cum Laude) in History, Philosophy & Political science from Boston University, and a Certificate Course in Cyberlaw from Harvard University ES.
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.
| Dated: April 16th, 2020 | CANNABICS PHARMACEUTICALS, INC. | |
| By: | /s/ Eyal Barad | |
| Name: | Eyal Barad | |
| Title: | Chief Executive Officer | |
| 2 |
Exhibit 10.1
THE BOARD OF DIRECTORS
OF
CANNABICS PHARMACEUTICALS INC.
The following is a true copy of the resolution duly adopted by the Board of Directors of this Corporation at a special meeting, notice to this meeting having been waived, held on this 16th day of April, 2020;
The Board of Directors which was present for this meeting & took active part therein was:
Eyal Barad
Gabriel Yariv
Dr. Gil Feiler (as permanent observer on the Board)
WHEREAS,
In order to more actively assist the company in advancing its goals, Director and Board Member Itamar Borochov has agreed to assume additional responsibilities in the company;
NOW THEREFORE BE IT RESOLVED that the majority of Directors having considered this matter, and having opened the floor to all those who voice a preference in the issue and pursuant to NRS §78.315, have unanimously decided and RESOLVED that:
Itamar Borochov has been Nominated and has Accepted the position as Chairman of the Board of Directors;
Said Motion is hereby passed and the corporate books, records and the Secretary shall file this Resolution in the corporate records
DATED: 16th April, 2020
_____________________________
David E. Price, Secretary, Corp Counsel
Exhibit 10.2
THE BOARD OF DIRECTORS
OF
CANNABICS PHARMACEUTICALS INC.
The following is a true copy of the resolution duly adopted by the Board of Directors of this Corporation at a special meeting, notice to this meeting having been waived, held on this 16th day of April, 2020;
The Board of Directors which was present for this meeting & took active part therein was:
Eyal Barad
Itamar Borochov
Dr. Gil Feiler (as permanent observer on the Board)
WHEREAS,
In order to more actively assist the company in advancing its goals, Director and Board Member Gabriel Yariv has agreed to assume additional responsibilities in the company;
NOW THEREFORE BE IT RESOLVED that the majority of Directors having considered this matter, and having opened the floor to all those who voice a preference in the issue and pursuant to NRS §78.315, have unanimously decided and RESOLVED that:
Gabriel Yariv has been Nominated and has Accepted the position as President of the Company;
Said Motion is hereby passed and the corporate books, records and the Secretary shall file this Resolution in the corporate records
DATED: 16th April, 2020
_____________________________
David E. Price, Secretary, Corp Counsel