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) November 15, 2017
UNITED CANNABIS CORPORATION
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(Exact name of registrant as specified in charter)
Colorado
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(State or other Jurisdiction of Incorporation or Organization)
301 Commercial Rd., Unit D
000-54582 Golden, CO 80401 46-5221947
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(Commission File (Address of Principal Executive (IRS Employer
Number) Offices Identification
and Zip Code) Number)
(844) 278-2420
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(Registrant's telephone number, including area code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of 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(b) under the Exchange Act
(17 CFR 240.14a-12(b))
[ ] 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))
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. [ ]
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On December 28, 2016, we entered into an Investment Agreement with Tangiers
Global, LLC in order to establish a possible source of funding for our
operations.
Under the Investment Agreement Tangiers has agreed to provide us with up to
$10,000,000 of funding during the period ending April 27, 2020
On November 15, 2017 we amended our agreement with Tangiers such that the
maximum amount that we will be entitled to sell to Tangiers with respect to any
applicable Put Notice will be equal to 350% of the average of the daily trading
volume of our common stock for the ten consecutive trading days immediately
prior to the delivery of the Put Notice, so long as the dollar value of the
shares we sell is at least $5,000 and does not exceed $600,000 as calculated by
multiplying the number of shares specified in the Put Notice by the average
daily value weighted average price of our common stock for the ten trading days
prior to the delivery of a Put Notice. We may not submit a Put Notice until
after the closing of the sale of the shares specified in any previous Put Notice
or earlier than the eighth trading day immediately following the delivery of any
Put Notice.
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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.
UNITED CANNABIS CORPORATION
Dated: November 21, 2017 By: /s/ John Walsh
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John Walsh
Principal Financial Office
