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CFN Enterprises Inc. (ACLZ) Create: Alert

All | News | Filings
Date FiledTypeDescription
05/06/2022 8-K/A Quarterly results
09/03/2019 8-K/A Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits
Docs: "Independent Auditors’ Report To those charged with governance of Cannabis Financial Network We have audited the accompanying carve-out financial statements of Cannabis Financial Network, a carve-out of certain operations of Emerging Growth, LLC , which comprise of the carve-out balance sheets as of December 31, 2018 and 2017, and the related carve-out statements of operations, changes in invested equity and cash flows for each of the two years in the period ended December 31, 2018, and the related notes to the carve-out financial statements. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these carve-out financial statements in accordance with accounting principles generally accepted in the United States of Ame...",
"UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS Introduction On May 15, 2019, Accelerize Inc. entered into an asset purchase agreement with Emerging Growth LLC , pursuant to which the Company will acquire certain assets from the Seller related to its sponsored content and marketing business, Cannabis Financial Network . The closing of the asset purchase occurred on June 20, 2019. Pursuant to the terms of the Emerging Growth Agreement, the Company acquired certain assets of CFN from the Seller for a purchase price consideration consisting of $420,000 in cash, 30,000,000 shares of the Company’s common stock valued at $2,700,000, and 3,000 shares of Series B preferred stock valued at $687,000. As a result, the total purchase price amounted to $3,807,000. The Unaudited Pro Forma Co..."

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