SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 14, 2020
(Exact name of registrant as specified in its
|(State of Incorporation)
||(Commission File Number)
||IRS Employer ID No.|
8358 West Oakland Park Blvd.
Sunrise, Florida 33323
(Address of Principal Executive Offices)
(Registrant's Telephone Number including Area
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
||Name of each exchange on which registered|
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 [X]
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. [ ]
Canna Corp. (the “Company”) will be relying on the Securities
and Exchange Commission’s Order under Section 36 of the Securities Exchange Act of 1934 Granting Exemptions From Specified
Provisions of the Exchange Act and Certain Rules Thereunder dated March 25, 2020 (Release No. 34-88465) (the “Order”)
to delay the filing of its Quarterly Report on Form 10-Q for the three months ended March 31, 2020 (the “2020 10-Q”)
due to the circumstances related to COVID-19. In particular, COVID-19 has caused disruptions to our daily business operations as
well as those affecting access to our historical documentation located in Florida and Brazil that is required for the completion
of this filing. Therefore, the Company’s ability to complete the report and file the 2020 10-Q prior to its due date is delayed.
Notwithstanding the foregoing, the Company expects to file the 2020 10-Q no later than June 29, 2020 (which is 45 days from the
2020 10-q’s original filing deadline of May 15, 2020).
In light of the current COVID-19 pandemic, the Company will be including
the following Risk Factor in its 2019 10-K, as may be updated to reflect subsequent events impacting the Company:
We are unable to predict the impact of COVID-19 on our company.
The overall effect of the travel and other restrictions in place
to stop the spread of COVID-19 is having a significant impact on the overall economy and our operations in the U.S. and Brazil.
Additionally, our business plan requires us to raise additional funds which may be more difficult because of the COVID-19 pandemic’s
effect on capital markets, such that several components of our business plan may be delayed in their implementation, or otherwise
postponed for an indeterminate amount of time, until adequate capitalization can be secured.
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.
Corporation (the “Registrant”)
May 14, 2020
Sacha Alessandro Ceruti
Chief Executive Officer