CAN B CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 30, 2021 Newswires
Share
Share
Post
Email

CAN B CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Edgar Glimpses

Item 1.01 Entry into a Material Definitive Agreement.

On September 23, 2021, CO Botanicals, LLC ("COB"), a wholly-owned subsidiary of
Can B? Corp. (the "Company" or "CANB"), entered into a Real Estate Lease (the
"Fort Morgan Lease") with Sunflower Bank, N.A. ("SFB"), pursuant to which COB
agreed to lease the real properties located at 17171 County Road 21, Fort
Morgan, CO
80701 and 12555 Energy Road, Fort Morgan, CO 80701 (collectively, the
"Fort Morgan Properties"). The Fort Morgan Lease was made effective September 1,
2021
and has a month-to-month term and may be terminated by either party with 30
days' prior written notice. Base rent for the Fort Morgan Properties is $$22,250
per month. COB also agreed to pay a $22,250 security deposit upon signing of the
Fort Morgan Lease. If any payment due to SFB is not when due, such unpaid amount
will accrue interest at a rate equal to 18% or the maximum allowable legal rate
in effect in the State of Colorado until such amount is paid in full.

COB agreed to pay the routine repair and maintenance costs, utilities, and
personal property taxes on the Fort Morgan Properties. COB also agreed to
maintain fire and extended coverage casualty insurance on the Fort Morgan
Properties
, and comprehensive general public liability insurance providing
protection of at least $1,000,000 for bodily injury or death to any one person
and at least $1,000,000 for any one accident or occurrence, with an aggregate
level of protection of $2,000,000.

COB agreed to indemnify SFB and SFB's agent and employees from and against any
and all liability, loss, damage, expense, and judgment (including reasonable
attorneys' fees) resulting from relating to COB's use of the Fort Morgan
Properties
and any failure of COB to comply with the terms of the Fort Morgan
Lease
or any federal, state, county, and city laws, ordinances and regulations.

The Fort Morgan Lease contains other representations and warranties common with
this type of transactions. The foregoing description of the Fort Morgan Lease is
qualified in its entirety by the terms of the full text of the Fort Morgan
Lease
, attached hereto as an exhibit.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed herewith.




Exhibit No.   Description
10.1            Real Estate Lease with Sunflower Bank, N.A.

Older

INVESTOR ALERT: Kirby McInerney LLP Continues Investigation of Shareholder Claims on Behalf of Eargo, Inc. (EAR) Investors

Newer

AM Best Affirms Credit Ratings of Reinsurance Group of America, Incorporated and Its Subsidiaries

Advisor News

  • A rising retirement challenge: The license to spend
  • Financial stress leaves less room for retirement saving
  • Giving while you’re living: 3 frequently asked questions about gifting
  • Helping clients prepare for one of their biggest retirement expenses
  • Important year-end financial conversations every advisor must have
More Advisor News

Annuity News

  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
More Annuity News

Health/Employee Benefits News

  • HMSA revamping Medicare Advantage plans
  • HMSA revamping Medicare Advantage plans
  • Norwood Davis, CEO of health insurance giant, dies at 86 Norwood Davis, former CEO of health insurance giant Trigon, dies at 86
  • New leader named for state HHS Medical Services
  • Health Insurance Marketplace enrollment starts Nov. 1
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Study Results from Cornell University in the Area of Insurance Reported (Regulatory Competition In the Us Life Insurance Industry): Insurance
  • AM Best Comments on Issuer Credit Ratings of Pacific Life Insurance Company’s Commercial Paper Following Amendment to Program
  • AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Subsidiaries
  • ICICI Life Insurance names Sidharatha Mishra managing director, CEO
  • Lawsuit alleges companies collected $30 million in ‘illegal wager on human life’
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.