Company: BUDZ
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000820
Chunk: 40

Company: WEED, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 litigation where the ultimate disposition or resolution could have a material adverse effect on its financial position, results of operations or liquidity.

Note 9 – Stockholders’ Equity Preferred StockOn December 5, 2014, the Company amended the Articles of Incorporation, pursuant to which 20,000,000 shares of “blank check” preferred stock with a par value of $0.001 were authorized. No series of preferred stock has been designated to date. Common StockOn December 5, 2014, the Company amended the Articles of Incorporation, and increased the authorized shares to 200,000,000 shares of $0.001 par value common stock. 2025 Common Stock Activity  Common Stock Sales (2025) No shares of common stock were sold during the quarter ended March 31, 2025. Common Stock Issued for Services (2025) During the quarter ended March 31, 2025, 10,000,000 shares of common stocks valued at $300,000 were issued for the services. During the quarter ended March 31, 2025, the Company agreed to issue an aggregate of 500,000 shares to consultants for services performed. The total fair value of common stock was $15,000 based on the closing price of the Company’s common stock earned on the measurement date. Common Stock Cancellations No shares of common stock were cancelled during the three months ended March 31, 2025. 2024 Common Stock Activity  Common Stock Sales (2024) No shares of common stock were sold during the year ended December 31, 2024. Common Stock Issued for Services (2024) During the quarter ended June 30, 2024, 1,750,000 shares of common stock valued at $315,000 were issued for the services, and such amount has been included in subscriptions payable. During the quarter ended June 30, 2024, the Company agreed to issue an aggregate of 200,000 shares to consultants for services performed. The total fair value of common stock was $14,000 based on the closing price of the Company’s common stock earned on the measurement date. Common Stock Cancellations No shares of common stock were cancelled during the year ended December 31, 2024.

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Note 9 – Stockholders’ Equity (continued)

 Common Stock Warrants and Options 2025