# EDGAR Filing Document

**Accession Number:** 0001791146
**File Stem:** 0001903596-23-000053
**Filing Date:** 2023-1
**Character Count:** 93067
**Document Hash:** be6b59ede74db6a4ad1b3cae2887333c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001903596-23-000053.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001903596-23-000053

**CONFORMED SUBMISSION TYPE**: 1-K

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20220731

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COCANNCO, INC.
- **CENTRAL INDEX KEY:** 0001791146
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MANAGEMENT CONSULTING SERVICES [8742]
- **IRS NUMBER:** 842351885
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00256
- **FILM NUMBER:** 23539443

**BUSINESS ADDRESS:**
- **STREET 1:** 1817 MARYAL DRIVE
- **STREET 2:** SUITE 100
- **CITY:** SACRAMENTO
- **STATE:** CA
- **ZIP:** 95864
- **BUSINESS PHONE:** 9169051488

**MAIL ADDRESS:**
- **STREET 1:** 1817 MARYAL DRIVE
- **STREET 2:** SUITE 100
- **CITY:** SACRAMENTO
- **STATE:** CA
- **ZIP:** 95864

## Part

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549**

**FORM 1-K**

**ANNUAL REPORT**

**PURSUANT TO REGULATION A OF THE SECURITIES ACT OF 1933**

**Date: July 31, 2022**

**Cocannco, Inc.**

**(Exact name of registrant as specified in its charter)** 

**Commission File Number: 024-11432**

---

| | | |
|:---|:---|:---|
| **Colorado** | **8742** | **84-2351885** |
| (State of Other Jurisdiction Of Incorporation) | (Primary Standard Classification Code) | &nbsp;&nbsp;(IRS Employer Identification No.) |

---

Donald Clark (916) 905-1488

dclark@cocannco.com;

1817 Maryal Drive, Suite 100 Sacramento, CA

Please send copies of all correspondence to our corporate business address: [X]

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| OUR BUSINESS | 2 |
| MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | &nbsp;&nbsp; <br> 4 |
| DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES | 5 |
| SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS | &nbsp;&nbsp; <br> 6 |
| INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS | 7 |
| FINANCIAL STATEMETNS FOR THE YEAR ENDED JULY 31, 2021 | 9 |
| EXHIBITS |  |
| Certificate of Incorporation | [Ex. 1](ex1.htm) |
| Amended and Restated Bylaws | [Ex. 2](ex2.htm) |

---

 *In this Annual Report, references to "Cocannco, Inc..", "Cocannco", "we," "us," "our," or the "Company" mean Cocannco, Inc.*

**THIS ANNUAL REPORT MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY'S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS "ESTIMATE," "PROJECT," "BELIEVE," "ANTICIPATE," "INTEND," "EXPECT" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.** 

**OUR BUSINESS**

**The Company**

The address of our web site is ***www.cocannco.com***. The information at our web site is for general information and marketing purposes and is not part of this report for purposes of liability for disclosures under the federal securities laws.

Cocannco Inc. is a business accelerator focused exclusively on the cannabis space. Our mission is to invest in innovators by providing funding and development to companies that we believe to be the future faces of legal cannabis. We exist to solve the biggest problem we see within the market: cannabis companies' lack of access to capital.

We actively seek out relationships with proven cannabis companies ready to scale and then help them achieve their ambitions. Our portfolio will be made up of companies that already have proven profit models and potential for scalability. We are committed to accelerating the success of the companies we invest in, and in turn, increasing our shareholder value.

<br> The Company may use data-driven investor marketing firms specializing in generating awareness and attracting potential retail investors in the cannabis sector, to assist our fundraising and media campaigns.

Currently we are finalizing agreements, subject to successful due diligence and closing, to acquire more than 50% ownership of multiple expansion projects. Identified projects include brand manufacturing rights, licensed cannabis cultivations, limited distribution, and retail sales location(s) for cannabis products in California.

The Company may also engage in partnerships. joint ventures, acquisitions, mergers, and takeovers ("Strategic Relationships"). Certain Strategic Relationships may result in significant changes in the corporate structure of the Company or the issuance of potentially dilutive warrants, options or convertible notes. In addition, these Strategic Relationships may result in the Company acquiring royalties, leases, revenue sharing agreements, licenses, or minority shareholdings. Strategic Relationships may result in revenue that is taxable to the Company as income and could result in increased reserves for taxes.

Our independent auditor has expressed substantial doubt about our ability to continue as a going concern given our lack of operating history and the fact to date, we have had no revenues. The Company has not generated any revenues since inception and sustained an accumulated net loss of ($825,386) for the period from inception to July 31, 2022. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period.

**Our Target Market**

As of June 2022, cannabis is legal in 41 states and in D.C. and Puerto Rico for medical and/or recreational purposes—or both. The legal cannabis industry is now growing at an increasingly rapid pace. Industry studies indicate the market is likely to exceed an annual volume in excess of $48 Billion in the next 4 years and upwards of $72 Billion by 2030. (Sources: The Cannigma, New Frontier data – 2022 U.S. Cannabis Report). Other forecasters project the North American legal cannabis market size should reach $104.9 Billion by 2027. (Source: North America Legal Marijuana Market Size, Share & Trends Analysis Report By Product Type, By Marijuana Type, By Medical Use, By Region And Segment Forecasts, 2020 - 2027 by Grand View Research) In early-adopter states like Colorado, Oregon, Washington, and California the industry is still dominated by small operators. These companies face almost no competition yet from dominant national brands because of the strict regulatory environment and the complexity of legally recruiting large capital investments. Companies with a scalable business model that access funding early have an opportunity to become dominant market leaders in an expanding and maturing industry.

Our company will recruit and target only scalable cannabis companies looking to become sector leaders in the legal cannabis market. We'll provide access to new investment capital and expert professional oversight in exchange for stock in their company.

**Our Products and Services**

Our team of industry veterans will guide our portfolio companies and give them access to resources that will help them scale and achieve expanded profitability, as well as add a level of professionalism and credibility that's often missing in the industry. We advise on cannabis compliance, banking, and legislation as they grow and lead future capital investment campaigns.

**Our Operational Plan**

<br> We have built a unique brand, story, website, and marketing materials for investor recruitment and established a comprehensive investor relations plan. We have relationships with veteran investor marketing and investor relations firms that specialize in cannabis industry funding and compliance. We are in the process of recruiting two companies to pilot our accelerator program and establish Letter of Intent agreements with their ownership.<br>In 2022 we publicly announced our company branding, accelerator program, and investment opportunities. We plan to announce our Letter of Intent agreements by year end. We intend to use funds raised to invest in expansion projects for companies in our accelerator portfolio and growth of our investor marketing campaigns. <br>We intend to guide, advise, and support our portfolio with compliance oversight, financial projections, and growth strategies. While managing our current investment and their growth we'll return to recruiting new scalable companies that will help diversify our portfolio. We'll prepare new rounds of public investment for our current and future portfolio members and grow with their success.

**Our Competitive Advantages**

We believe our team's ability to recruit and vet top cannabis companies looking to scale and our legal access to millions of dollars in potential capital annually give us a large competitive advantage.

Until recently, cannabis businesses, from dispensaries to farms, were limited to operating solely on cash transactions due to strict regulations. Furthermore, most cannabis businesses don't have access to debt or equity to invest in their business and scale. Cannabis companies need professional support to expand operations professionally and access capital for growth.

Public and private accelerators are an obvious solution to the market's need to mature and we believe being one of the first public accelerators of its kind, we'll command attention and recruit even stronger companies to our portfolio.

**Government Regulations**

We are unaware of and do not anticipate having to expend significant resources to comply with any local, state and governmental regulations. We are subject to the laws and regulations of those jurisdictions in which we plan to offer our products and services, which are generally applicable to business operations, such as business licensing requirements, income taxes and payroll taxes. In general, the development and operation of our business is not subject to special regulatory and/or supervisory requirements.

**Management's Discussion and Analysis of Financial Condition and Results of Operation**

*You should read the following discussion and analysis of our financial condition and results of operations together with our consolidated financial statements and the related notes and other financial information included elsewhere in this prospectus. Some of the information contained in this discussion and analysis or set forth elsewhere in this prospectus, including information with respect to our plans and strategy for our business and related financing, includes forward-looking statements that reflect our current views with respect to future events and financial performance, which involve risks and uncertainties. Forward-looking statements are often identified by words like: "believe", "expect", "estimate", "anticipate", "intend", "project" and similar expressions, or words that, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this prospectus. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. You should review the "Risk Factors" section of this prospectus for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.*

Our financial statements are stated in United States Dollars (USD or US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. All references to "common shares" refer to the common shares in our capital stock.

**Results of Operations**

There is limited historical financial information about us upon which to base an evaluation of our performance. We have not generated revenues from our operations. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including the financial risks associated with the limited capital resources currently available to us for the implementation of our business strategies. (See "Risk Factors"). To become profitable and competitive, we must develop the business plan and execute the plan. Our management will attempt to secure financing through various means including borrowing and investment from institutions and private individuals.

Since inception, most of our time has been spent refining and implementing our business plan. During the period from inception July 1, 2018 through July 31, 2022 we did not generate any income. We incurred total operating expenses of $829,886. For the period of July 31, 2021, through July 31, 2022 the total operating expenses were $388,266 consisting of Salary Expense of $265,500, Consulting Fees of $10,000, Professional Fees of $35,277, Advertising & Promotion of $21,018, Travel Expense of $4,163, Dues & Subscriptions of $5,115, Rent Expense of $36,000, Escrow Expense $300, Miscellaneous Expense of $174 Bank Service Charges of $1,755, Office Supplies of $8,246, Other Expenses of $688.

**Liquidity and Capital Resources**

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not generated any revenues since inception and sustained an accumulated net loss of ($388,236) for the period from July 31, 2021 to July 31, 2022. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period. The Company's continuation as a going concern is dependent upon, among other things, its ability to generate revenues and its ability to obtain capital from third parties. No assurance can be given that the Company will be successful in these efforts. The Company currently has no external sources of liquidity such as arrangements with credit institutions or off-balance sheet arrangements that will have or are reasonably likely to have a current or future effect on our financial condition or immediate access to capital.

Our directors and officers have made no commitments, written or oral, with respect to providing a source of liquidity in the form of cash advances, loans and/or financial guarantees.

If the Company is unable to raise the funds partially through its offerings, the Company will seek alternative financing through means such as borrowings from institutions or private individuals. There can be no assurance that the Company will be able to keep costs from being more than these estimated amounts or that the Company will be able to raise such funds. Even if we sell all shares offered through a Reg D or Reg A+ Offering Circular, we expect that the Company will seek additional financing in the future. However, the Company may not be able to obtain additional capital or generate sufficient revenues to fund our operations. If we are unsuccessful at raising sufficient funds, for whatever reason, to fund our operations, the Company may be forced to seek a buyer for our business or another entity with which we could create a joint venture. If all of these alternatives fail, we expect that the Company will be required to seek protection from creditors under applicable bankruptcy laws.

**Plan of Operation** 

The Company has established the following milestones for projected business:

By the last quarter of 2022, Cocannco will use commercially reasonable best efforts to finalize commitments from major investor leads and complete all due diligence on its first accelerator program companies. The company will then use the same commercially reasonable best efforts to file a Reg A+ offering and update all investor materials. Once accelerator program agreements are in place, Cocannco can publicly announce our first accelerator program cohort and launch a new marketing and outreach campaign for investors.

**Directors, Executive Officers and Significant Employees**

The table below sets forth our directors and executive officers of as of the date of this Offering Circular.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name <sup>(1)</sup>** | **Position** | **Age** | **Term of Office** | **Hours/Week** |
| Donald Clark | CEO, COO, Director |  | 12-1-2020 to Present | Full-time |
| Evan Clark | Treasurer, Secretary, Director |  | 12-1-2020 to Present | Full-time |
| Uncommon to list Advisory Board Members in a filing. | Advisory Board Member |  | 4-27-2022 to Present | As needed |

---

<sup>(1)</sup> All addresses shall be c/o the company

**Donald Clark – Chief Operating Officer, Director**

Don Clark has over 45 years of experience in compliance, mortgage banking, and business development. His financial expertise extends to commercial and residential mortgages, private lender licensing, state and federal lending compliance, and warehouse line management.

**Evan Clark, Treasurer, Secretary, Director**

Evan Clark is a business strategy consultant and social entrepreneur with over 12 years' experience leading for-profit and nonprofit organizations. He's also a humanist public speaker and award-winning community organizer.

Evan is currently Founder & Creative Director of Spectrum Experience LLC, Executive Director of Atheists United, and co-host of the Humanist Experience podcast. He previously served as Outreach Director for the James Woods campaign and Marketing Director for BuyUSDA.com.

**Very uncommon to include advisory board members in a filing.**

**Compensation of Directors and Executive Officers**

**Capacities in which Compensation was**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name <sup>(1)</sup>** | **Received <sup>(2)</sup>** | **Cash** <br> **Compensation** <br> **2021** | **Cash** <br> **Compensation** <br> **2022** | **Other** <br> **Compensation** | **Total** <br> **Compensation** |
| Donald Clark | CEO, COO/Director | $50000 | $76000 |  | $126000 |
| Evan Clark | CMO, Director, Secretary, Treasurer | $17500 | $32000 |  | $49500 |
|  | Advisory Board Member | $0 | $0 |  | $0 |
| Richard Thomas | CEO, Director (1) | $50000 | $40000 |  | $90000 |

---

The Company has in its budget: 1. A salary of $144,000 for the CEO, CFO and COO respectively and $72,000 for the CMO, Secretary/Treasurer. All salaries began accruing February 1, 2021 and are reflected as accounts payable.

<sup>[1]</sup> Richard Thomas departed the company April 27, 2022.

**Security Ownership of Management and Certain Beneficial Owners**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Title of Class** | **Name and<br> address of<br> beneficial owner** | **Amount and<br> nature of<br> beneficial<br> ownership** | **Amount and<br> nature of<br> beneficial<br> ownership<br> acquirable** | **Percent of<br> class** | **Total Voting<br> Power per<br> Beneficial<br> Owner<sup>[1]</sup>** |
| Common | Rich Thomas | 4814722 |  | 8.60 |  |
| Common | Opulent International LLC. <sup>[2]</sup> | 1633701 |  | 2.92 |  |
| Common | Wyndgate Holdings LLC. <sup>[3]</sup> | 4546458 |  | 8.12 |  |
| Common | Donald Clark | 3143465 |  | 5.61 |  |
| Common | Evan Clark | 460676 |  | 0.82 |  |
| Common | 2021 Cocannco Inc. ESOP<sup>[4]</sup> | 39985000 |  | 71.39 |  |
| Common | All directors and officers as a group | 10052564 |  | 17.95 |  |

---

[1] Indicates the total voting power of each holder's security ownership across all three classes of voting securities. This column excludes any acquirable ownership.

[2] Opulent International LLC. is majority owned and controlled by Rich Thomas.

[3] Wyndgate Holdings LLC. is majority owned and controlled by John Manikas.

[4] Stock issued to the approved 2021 Cocannco, Inc. Employee Stock Ownership Plan ("2021 ESOP"), the voting proxy of the ESOP is held by the Board of Directors of Cocannco Inc. The shareholders approved the 2021 ESOP on July 26, 2021, and it is attached hereto as an exhibit.

Amounts are as of July 31, 2022. The fifth column (Percent of Class) includes a calculation of the amount the person owns now, plus the amount that person is entitled to acquire. That amount is then shown as a percentage of the outstanding amount of securities in that class if no other people exercised their rights to acquire those securities. The result is a calculation of the maximum amount that person could ever own based on their current and acquirable ownership, which is why the amounts in this column will not add up to 100%.

***Stock Incentive Plan***

On July 26, 2021, the Company adopted its amended Stock Incentive Plan, by which 45,000,000 shares of Common Stock are to be reserved for issuance under the plan. All officers and employees of the company, and certain advisors and contractors will be able to participate in the plan on equal basis. To date, all options have been issued under the plan.

***Litigation***

On June 30, 2021, Donald Bosch, formerly the President of Cocannco, Inc. filed suit in District Court,

City and County of Denver, case number 2021CV32058. The Complaint sought a monetary judgment

in the amount of $145,000 plus 10% compounded annually from October 26, 2020 and "post-

judgment interest at the maximum rate permitted by law."

On August 12, 2021, the court entered an Order Granting Motion for Entry of Default Judgment as to

both Cocannco, Inc. and Opulent International LLC (the, "Order") in the amount of "$162,192.10, plus

post-judgment interest at 10% per annum and the costs and fees incurred in collecting on this

judgment."

On February 14, 2022, Donald Bosch took action to collect on his Default Judgement by garnishing the companies bank accounts. The management of the Company believes that Bosch and the Company can resolve the issues between them, including the Order but reserves all rights in the pendency of a settlement.

***Subsequent Events***

 ****

As of October 2022, Donald Bosch has made further efforts to collect on and enforce his Order. Cocannco has responded to interrogatories and Donald Clark, on behalf of Cocannco was deposed by Bosch on or about September 28, 2022. The parties are in advanced negotiations to stay further action for collection. As part of the ongoing negotiations, the parties have agreed in principle to monthly payments of $5000 to Bosch as well as a tolling of time on causes of action until 2Q2023.

In addition, the Company has retained Colorado counsel and the management believes that it has good and valuable claims against Bosch that, according to the contract between the parties, could result in damages in excess of the Order. The Company is considering filing an arbitration claim against Bosch. The management of the Company believes that Bosch and the Company can resolve the issues between them, including the Order but reserves all rights in the pendency of a settlement.

.

**WHERE YOU CAN FIND MORE INFORMATION**

We previously filed an offering statement on Form 1-A with the Commission under Regulation A of the Securities Act with respect to the Common Stock offered by that Offering Circular and would not be considered current. This Annual Report (form 1-K) filing has updated information, and if in conflict with the previously filed Form 1-A, this Annual Report (form 1-K) takes precedence.

The offering statement, including its exhibits and schedules, may be inspected without charge at the public reference room maintained by the Commission, located at 100 F Street, N.E., Room 1580, Washington, D.C. 20549, and copies of all or any part of the offering statement may be obtained from such offices upon the payment of the fees prescribed by the Commission. Please call the Commission at 1-800-SEC-0330 for further information about the public reference room. The Commission also maintains an Internet website that contains reports, proxy and information statements and other information regarding registrants that file electronically with the Commission. The address of the site is www.sec.gov.

**COCANNCO, INC. CO. **TABLE OF CONTENTS****

---

| | |
|:---|:---|
| Report of Independent Registered Public Accounting Firm | 7 |
| Financial Statements: | |
| Balance Sheets | 8 |
| Statements of Operations | 9 |
| Statements of Changes in Stockholders' Equity | 10 |
| Statements of Cash Flows | 11 |
| Notes to the Financial Statements | 12-6 |

---

*Report of Independent Registered Public Accounting Firm*

Board of Directors and Shareholders

Cocannco, Inc.

***Opinion on the Financial Statements***

We have audited the accompanying consolidated balance sheets of Cocannco, Inc. (the "Company") as of July 31, 2022 and 2021, and the related consolidated statements of operations, statements of stockholders' deficit, and cash flows for each of the two years then ended, and the related notes and schedules (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of July 31, 2022 and 2021, and the results of its operations and its cash flows for each of the years then ended, in conformity with accounting principles generally accepted in the United States of America.

***Basis for Opinion***

 

These financial statements are the responsibility of the entity's management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

***Going Concern Uncertainty***

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in note 3 to the financial statements, the Company has incurred losses since inception of $829,886. These factors create an uncertainty as to the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

***Emphasis of Matters-Risks and Uncertainties***

The Company is not able to predict the ultimate impact that COVID -19 will have on its business. However, if the current economic conditions continue, the pandemic could have an adverse impact on the economies and<br> financial markets of many countries, including the geographical area in which the Company plans to operate.

/s/ Gries & Associates, LLC

We have served as the Company's auditor since 2021.

Denver, CO

 

December 22, 2022

**<u>Balance Sheet</u>**

**<u>Cocannco Inc.</u>**

**<u>July 31, 2022 and 2021</u>**

---

| | | |
|:---|:---|:---|
|  | **7/31/2022** | **7/31/2021** |
| **Assets** | **$** | **$** |
| &nbsp;&nbsp;Total Cash and Bank | 45 | 25216 |
| &nbsp;&nbsp;Note Receivable | 145000 | 145000 |
| &nbsp;&nbsp;Other Receivables | 955 |  |
| &nbsp;&nbsp;Total Assets | 146000 | 170216 |
| &nbsp;&nbsp;**Liabilities** |  |  |
| &nbsp;&nbsp;Notes Payable | 344152 | 296800 |
| &nbsp;&nbsp;Salaries Payable | 406500 | 141000 |
| &nbsp;&nbsp;Rent Payable | 54000 | 18000 |
| &nbsp;&nbsp;Other Payable | 3762 |  |
| &nbsp;&nbsp;Accrued Expenses | 405 |  |
| &nbsp;&nbsp;Total Current Liabilities | 808820 | 455800.00 |
| &nbsp;&nbsp;Total Long-term Liabilities |  |  |
| &nbsp;&nbsp;Total Liabilities | 808820 | 455800.00 |
| &nbsp;&nbsp;**Commitment and Contingencies** |  |  |
| &nbsp;&nbsp;**Equity** |  |  |
| &nbsp;&nbsp;Common Stock | 5601 | 5600 |
| &nbsp;&nbsp;Additional paid in capital | 161465 | 150466 |
| &nbsp;&nbsp;**Total Retained Earnings (Deficit)** | (829886) | (441650) |
| &nbsp;&nbsp;Total Equity | (662820) | (285584) |
| &nbsp;&nbsp;**Total Liabilities and Equity** | 146000 | 170216 |

---

The Accompanying Notes Are an Integral Part of these Financial Statements.

**<u>Income Statement</u>**

**<u>Cocannco Inc.</u>**

**<u>For the years ended July 31, 2022 and 2021</u>**

---

| | | |
|:---|:---|:---|
|  | **7/31/2022** | **7/31/2021** |
|  | **$** | **$** |
| **Total Income** | - | - |
| **Total Cost of Goods Sold** | - | - |
| **Gross Profit** | - | - |
| &nbsp;&nbsp;**Operating Expenses** |  |  |
| &nbsp;&nbsp;Salary Expense | 265500 | 141000 |
| &nbsp;&nbsp;Professional Fees | 35277 | 42940 |
| &nbsp;&nbsp;Advertising & Promotion | 21018 | 32000 |
| &nbsp;&nbsp;Consulting Fee | 10000 | 25000 |
| &nbsp;&nbsp;Dues & Subscriptions | 5115 | 11740 |
| &nbsp;&nbsp;Rent Expense | 36000 | 18000 |
| &nbsp;&nbsp;Filing Fee |  | 8000 |
| &nbsp;&nbsp;Compensation Expense |  | 4500 |
| &nbsp;&nbsp;Office Supplies | 8246 | 2806 |
| &nbsp;&nbsp;Bank Service Charges | 1755 | 2543 |
| &nbsp;&nbsp;Travel Expense | 4163 | 2156 |
| &nbsp;&nbsp;Escrow | 300 |  |
| &nbsp;&nbsp;Miscellaneous Expense | 174 | 320 |
| &nbsp;&nbsp;Other Expense | 688 |  |
| &nbsp;&nbsp;Meals and Entertainment |  |  |
| &nbsp;&nbsp;Repairs & Maintenance |  |  |
| &nbsp;&nbsp;Total Operating Expenses | 388236 | 291005 |
| &nbsp;&nbsp;**Net Income (Loss)** | (388236) | (291005) |
| &nbsp;&nbsp;**Average Shares Outstanding** | 56000000 | 56000000 |
| &nbsp;&nbsp;**Net Loss Per Common Share** | (0.01) | (0.01) |

---

The Accompanying Notes Are an Integral Part of these Financial Statements.

**<u>Statement of Stockholders' Equity</u>**

**<u>Cocannco Inc.</u>**

**<u>For the years ended July 31, 2022 and 2021</u>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** |  |  |  |  |
|  | Shares | Amount | Additional Paid-in-capital | Common stock to be issued | Retained Earnings | Total Stockholders' Equity |
| &nbsp;&nbsp;Issuance of shares | 11000000 | 1100 | 150466 |  |  | 151566 |
| &nbsp;&nbsp;ESOP | 45000000 | 4500 |  |  |  | 4500 |
| &nbsp;&nbsp;Net Income |  |  |  |  | (441650) | (441650) |
| &nbsp;&nbsp;Stockholders' Equity July 31, 2021 | 56000000 | 5600 | 150466 |  | (441650) | (285584) |
| &nbsp;&nbsp;Issuance of shares |  |  | 10999 | 1 |  | 11000 |
| &nbsp;&nbsp;ESOP |  |  |  |  |  |  |
| &nbsp;&nbsp;Net Income |  |  |  |  | (388236) | (388236) |
| &nbsp;&nbsp;Stockholders' Equity July 31, 2022 | 56000000 | 5600 | 161465 | 1 | (829886) | (662820) |

---

The Accompanying Notes Are an Integral Part of these Financial Statements.

&nbsp;&nbsp;&nbsp;&nbsp; **<u>Cash Flow Statement</u>**

**<u>Cocannco Inc.</u>**

 **<u>For the years ended July 31, 2022 and 2021</u>**

---

| | | |
|:---|:---|:---|
|  | **7/31/2022** | **7/31/2021** |
| **Operating Activities** | **$** | **$** |
| &nbsp;&nbsp;Net Loss for the period | (388236) | (291005) |
| &nbsp;&nbsp;Accounts Payable | 305667 | 159000 |
| &nbsp;&nbsp;Other Operating Expense |  | 46000 |
| &nbsp;&nbsp;Decrease in Prepaid Expenses |  | 140 |
| &nbsp;&nbsp;Net cash from Operating Activities | (82569) | (85865) |
| &nbsp;&nbsp;**Financing Activities** |  |  |
| &nbsp;&nbsp;Owner Contribution |  |  |
| &nbsp;&nbsp;Note Payable | 47352 | 250800 |
| &nbsp;&nbsp;Note Receivable |  | (145000) |
| &nbsp;&nbsp;Other Receivables |  |  |
| &nbsp;&nbsp;Issuance of common stock | 10045 | 4500 |
| &nbsp;&nbsp;Net Cash from Financing Activities | 57397 | 110300 |
| &nbsp;&nbsp;**OVERVIEW** |  |  |
| &nbsp;&nbsp;Starting Balance | 25216 | 781 |
| &nbsp;&nbsp;Gross Cash Inflow | 57397 | 110300 |
| &nbsp;&nbsp;Gross Cash Outflow | (82569) | (85865) |
| &nbsp;&nbsp;Net Cash Change | (25171) | 24435 |
| &nbsp;&nbsp;Ending Balance | 45 | 25216 |

---

The Accompanying Notes Are an Integral Part of these Financial Statements.

**COCANNCO, INC.**

NOTES TO FINANCIAL STATEMENTS

For Period Ending July 31st, 2022

**NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS**

Cocannco Inc. (the "Company") was incorporated in the State of Colorado on July 11, 2019. The Company is a startup company in the process of building an e-commerce platform for buyers and sellers, as well as other business projects, relating to the legal cannabis industry in the US.

**NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

***Development Stage Company***

The Company is considered to be in the development stage as defined in ASC 915 "*Development Stage Entities.*" The Company is devoting substantially all of its efforts to the development of its business plans. The Company has elected to adopt early application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; and does not present or disclose inception-to-date information and other remaining disclosure requirements of Topic 915.

***Use of estimates***

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

***Start-Up Costs***

In accordance with ASC 720, "*Start-up Costs",* the Company expenses all costs incurred in connection with the start-up and organization of the Company.

 ****

***Cash***

Cash includes cash in bank only.

***Revenue Recognition***

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers ("ASU 2014-09") and Accounting Standards Codification ("ASC") Subtopic 340-40, Other Assets and Deferred Costs - Contracts with Customers ("ASC 340-40"), (collectively, "Topic 606"). As at July 31, 2022, the company remains in accordance with Topic 606. ASU 2014-09 requires entities to recognize revenue through the application of a five-step model, which includes identification of the contract, identification of the performance obligations, determination of the transaction price, allocation of the transaction price to the performance obligations and recognition of revenue as the entity satisfies the performance obligations. The Company implemented ASU 2014-09 for the annual reporting period of July 31, 2022, which resulted in no changes to our financial statements as there is no revenue reported in the period presented.

***Earnings Per Share***

 ****

In accordance with accounting guidance now codified as FASB ASC Topic 260, *"Earnings per Share,"* Basic earnings (loss) per share ("EPS") is computed by dividing net profit/loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. The number of common shares that are exercisable or converted into common stock is not material to effect diluted EPS results.<br> Further, since the company showed a loss for the period presented, basic and diluted loss per share are the same for the period.

***Income Taxes***

 ****

The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, "Accounting for Income Taxes". The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. As of July 31, 2022, the Company did not have any amounts recorded pertaining to uncertain tax positions.

 **

**Fair Value Measurements**

 **

The Company adopted the provisions of ASC Topic 820, "Fair Value Measurements and Disclosures", which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements.

The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value:

Level 1 — quoted prices in active markets for identical assets or liabilities

Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable

Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

The Company has no assets or liabilities valued at fair value on a recurring basis.

***Year End***

The company's year-end remains July 31<sup>st</sup> for accounting purposes.

**NOTE 3 - GOING CONCERN** 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not generated any revenues since inception and sustained an accumulated net loss of $(829,886) for the period from inception to July 31, 2022. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period. The Company's continuation as a going concern is dependent upon, among other things, its ability to generate revenues and its ability to obtain capital from third parties. No assurance can be given that the Company will be successful in these efforts.

Management plans to raise significant capital through investors to capitalize its business plan.

The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

**NOTE 4 - INCOME TAXES**

The reconciliation of income tax benefit at the U.S. statutory rate of 21% for the period ended July 31, 2022 to the Company's effective tax rate is as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;Income tax benefit at statutory rate | $81530 |
| &nbsp;&nbsp;Change in valuation allowance | (81530) |
| &nbsp;&nbsp;Income tax benefit per books | $0 |

---

The tax effects of temporary differences that give rise to the Company's net deferred tax assets for the period ended July 31, 2022 are as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;Net Operating Loss | $388236 |
| &nbsp;&nbsp;Valuation Allowance | (388236) |
| &nbsp;&nbsp;Net deferred tax asset | $0 |

---

The Company has approximately $(825,386) of net operating losses ("NOL") carried forward to offset taxable income, if any, in future years which expire commencing in fiscal 2037. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

**NOTE 5 – COMMITMENT AND CONTINGENCIES**

Office space is currently being rented from Manikas Properties on a month-to-month basis at $3,000 per month. John Manikas owns Manikas Properties and is the Managing Member of Wyndgate Holdings LLC, a shareholder in Cocannco Inc.

On April 27, 2022, Richard Thomas resigned as a Board Member and as Chief Executive Officer. On the same date, Donald Clark was elected as Chief Executive Officer and Patrick Morris elected to serve as an Advisory Board Member.

**NOTE 6 – LIABILITIES**

During the undertaken period, the company signed a promissory note of $34,500 with Wyndgate Holdings LLC (a shareholder). The company also signed a note of $5,000 with Richard Thomas (a board member). The company also signed a note of $8,806 with Donald Clark (a board member). All proceeds from the notes were utilized for business operating expenses. Mr. Thomas was reimbursed a sum of $1,000 against his note to bring his note payable balance to $4,000.

Cocannco Inc. signed a promissory note of $145,000 on October 28, 2020, with Donald Bosch. The note represents the balance of the purchase for the company by Opulent International LLC. The purchase terms required that the note be signed by Opulent International LLC and Cocannco Inc. Opulent International LLC executed an offsetting note payable to Cocannco Inc. to indemnify this debt to Cocannco Inc. On January 30, 2021, Cocannco Inc. signed a promissory note of $53,500 with Wyndgate Holdings LLC, and on July 31, 2021, signed an additional note of $46,000. Also on July 31, 2021, the company signed a separate promissory note of $52,000 with Opulent International LLC. All proceeds from the notes were utilized for business operating expenses. Both Opulent International LLC and Wyndgate Holdings LLC are shareholders of Cocannco Inc. Cocannco, Richard Thomas and Opulent International LLC have verbally agreed to extend the maturity date(s) on all notes due and payable by Cocannco indefinitely pending the resolution of the Donald Bosch Judgment.

On June 30, 2021, Donald Bosch, formerly the President of Cocannco, Inc. filed suit in District Court, City and County of Denver, case number 2021CV32058. The Complaint sought a monetary judgment in the amount of $145,000 plus 10% compounded annually from October 28, 2020, and "post- judgment interest at the maximum rate permitted by law."

On August 12, 2021, the court entered an Order Granting Motion for Entry of Default Judgment as to both Cocannco, Inc. and Opulent International LLC (the, "Order") in the amount of "$162,192.10, plus post-judgment interest at 10% per annum and the costs and fees incurred in collecting on this judgment."

On February 14, 2022, Donald Bosch took action to collect on his Default Judgement by garnishing the companies bank accounts. The management of the Company believes that Bosch and the Company can resolve the issues between them, including the Order but reserves all rights in the pendency of a settlement.

**NOTE 7 – STOCKHOLDERS' EQUITY**

 

***Authorized Stock***

The Company has authorized 475,000,000 common shares with a par value of $0.0001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

The Company has authorized 25M (25,000,000) shares of Preferred Stock with 15M (15,000,000) in a Series A with each share carrying 5 voting rights and convertible into 5 shares of Common Stock. There are no Preferred Shares issued and outstanding at this time.

During the accounting period, the company sold 11,000 common shares for $1 per share, which are yet to be issued.

In 2021, the company made proper classification of stockholder's equity to bring the outstanding shares to 11,000,000 due to the contribution made in the amount of $76,565.66 during the last accounting year.

In accordance with ASC 718-40, the company Board of Directors approved the 2021 employee stock ownership plan to provide for the issuance of equity incentive awards. The plan called for 45,000,000 common shares with 0.0001 par value, funded through a Note Payable by the company, and were issued on July 26<sup>th</sup>, 2021. Please see attached documents.

All the above brings the total shares (outstanding and non-issued shares) to 56,011,000.

**NOTE 8 – SUBSEQUENT EVENTS**

As of October 2022, Donald Bosch has made further efforts to collect on and enforce his Order. Cocannco has responded to interrogatories and Donald Clark, on behalf of Cocannco was deposed by Bosch on or about September 28, 2022. The parties are in advanced negotiations to stay further action for collection. As part of the ongoing negotiations, the parties have agreed in principle to monthly payments of $5000 to Bosch as well as a tolling of time on causes of action until 2Q 2023.

In addition, the Company has retained Colorado counsel and the management believes that it has good and valuable claims against Bosch that, according to the contract between the parties, could result in damages in excess of the Order. The Company is considering filing an arbitration claim against Bosch. The management of the Company believes that Bosch and the Company can resolve the issues between them, including the Order but reserves all rights in the pendency of a settlement.

## Ex1K-1

**EXHIBIT 1**

---

| | | |
|:---|:---|:---|
| Document must be filed electronically. <br> Paper documents are not accepted. <br> Fees & forms are subject to change. <br> For more information or to print copies of filed documents, visit www.sos.state.co.us. | ![](image_001.jpg) | Colorado Secretary of State<br> Date and Time: 07/11/2019 11:34 AM <br> ID Number: 20191558677<br> Document number: 20191558677<br> Amount Paid: $50.00 |

---

ABOVE SPACE FOR OFFICE USE ONLY

**Articles of Incorporation for a Profit Corporation**

filed pursuant to § 7-102-101 and § 7-102-102 of the Colorado Revised Statutes (C.R.S.)

1. The domestic entity name for the corporation is <u>Cocannco Inc.</u>.

*(Caution**:** The use of certain terms or abbreviations are restricted by law. Read instructions for more information.)*

2. The principal office address of the corporation's initial principal office is

---

| | |
|:---|:---|
| Street address | <u>1942 Broadway St. STE 314C</u> |
|  | *(Street number and name)* |
|  | Boulder CO 80302 |
|  | (City) (State) (ZIP/Postal Code) |
|  | ______________ United States |
|  | (Province – if applicable) (Country) |
| Mailing address |  |
| (leave blank if same as street address) | *(Street number and name or Post Office Box information)* |
|  | __________ ________ _____________ |
|  | (City) (State) (ZIP/Postal Code) |
|  | (Province – if applicable) (Country) |

---

3. The registered agent name and registered agent address of the corporation's initial registered agent are

---

| | |
|:---|:---|
| Name (if an individual) | ________ ________ ________ _________ |
|  | *(Last) (First) (Middle) (Suffix)* |
| Or |  |
| (if an entity) | <u>Registered Agents Inc.</u> |
| *(Caution: Do not provide both an individual and an entity name.)* | *(Caution: Do not provide both an individual and an entity name.)* |
| Street address | <u>1942 Broadway St. STE 314C</u> |
|  | *(Street number and name)* |
|  | Boulder CO 80302 |
|  | (City) (State) (ZIP/Postal Code) |
| Mailing address |  |
| (leave blank if same as street address) | *(Street number and name or Post Office Box information)* |
|  | __________ CO _____________ |
|  | (City) (State) (ZIP/Postal Code) |
|  | (Province – if applicable) (Country) |

---

*(T he following statement is adopted by marking the box.)*

☒ The person appointed as registered agent above has consented to being so appointed.

Page 1 of 3

4. The true name and mailing address of the incorporator are

---

| | |
|:---|:---|
| Name (if an individual) | ________ ________ ________ _________ |
|  | *(Last) (First) (Middle) (Suffix)* |
| Or |  |
| (if an entity) | <u>Registered Agents Inc.</u> |
| *(Caution: Do not provide both an individual and an entity name.)* | *(Caution: Do not provide both an individual and an entity name.)* |
| Street address | <u>1942 Broadway St. STE 314C</u> |
|  | *(Street number and name)* |
|  | Boulder CO 80302 |
|  | (City) (State) (ZIP/Postal Code) |
|  | ______________ United States |
|  | (Province – if applicable) (Country) |

---

 

*(I f the following statement applies, adopt the statement by marking the box and include an attachment.)*

☐ The corporation has one or more additional incorporators and the name and mailing address of each additional incorporator are stated in an attachment.

5. The classes of shares and number of shares of each class that the corporation is authorized to issue are as follows.

![](image_005.gif)The corporation is authorized to issue <u>500,000,000</u> common shares that shall have unlimited voting rights and are entitled to receive the net assets of the corporation upon dissolution.

○ Information regarding shares as required by section 7-106-101, C.R.S., is included in an attachment.

6. *(I f the following statement applies, adopt the statement by marking the box and include an attachment.)*

☐ This document contains additional information as provided by law.

7. *(Caution**:** Leave blank if the document does not have a delayed effective date. Stating a delayed effective date has significant legal consequences. Read instructions before entering a date.)*

*(I f the following statement applies, adopt the statement by entering a date and, if applicable, time using the required format.)*

The delayed effective date and, if applicable, time of this document is/are ____________ *(mm /dd/yyyy hour:minute am/pm)*.

Notice:

Causing this document to be delivered to the Secretary of State for filing shall constitute the affirmation or acknowledgment of each individual causing such delivery, under penalties of perjury, that the document is the individual's act and deed, or that the individual in good faith believes the document is the act and deed of the person on whose behalf the individual is causing the document to be delivered for filing, taken in conformity with the requirements of part 3 of article 90 of title 7, C.R.S., the constituent documents, and the organic statutes, and that the individual in good faith believes the facts stated in the document are true and the document complies with the requirements of that Part, the constituent documents, and the organic statutes.

This perjury notice applies to each individual who causes this document to be delivered to the Secretary of State, whether or not such individual is named in the document as one who has caused it to be delivered.

Page 2 of 3

8. The true name and mailing address of the individual causing the document to be delivered for filing are

---

| |
|:---|
| Park Riley ________ _________ |
| *(Last) (First) (Middle) (Suffix)* |
| <u>1942 Broadway St. STE 314C</u> |
| *(S treet number and name or Post Office Box information)* |
| Boulder CO 80302 |
| (City) (State) (ZIP/Postal Code) |
| ______________ United States |
| (Province – if applicable) (Country) |

---

*(I f the following statement applies, adopt the statement by marking the box and include an attachment.)*

☐ This document contains the true name and mailing address of one or more additional individuals causing the document to be delivered for filing.

Disclaimer:

This form/cover sheet, and any related instructions, are not intended to provide legal, business or tax advice, and are furnished without representation or warranty. While this form/cover sheet is believed to satisfy minimum legal requirements as of its revision date, compliance with applicable law, as the same may be amended from time to time, remains the responsibility of the user of this form/cover sheet. Questions should be addressed to the user's legal, business or tax advisor(s).

Page 3 of 3

## Ex1K-2A

**EXHIBIT 2**

---

| | | |
|:---|:---|:---|
| <br> Document must be filed electronically.<br> Paper documents are not accepted.<br> Fees & forms are subject to change. <br> For more information or to print copies <br> of filed documents, visit www.sos.state.co.us. | ![](image_001.jpg) | Colorado Secretary of State <br> Date and Time: 09/12/2019 03:16 PM<br> ID Number: 20191558677<br> Document number: 20191733246 <br> Amount Paid: $25.00 |

---

ABOVE SPACE FOR OFFICE USE ONLY

**A** **mended and Restated Articles of Incorporation**

filed pursuant to §7-90-301, et seq. and §7-110-107 and §7-90-304.5 of the Colorado Revised Statutes (C.R.S.)

&nbsp;&nbsp;&nbsp;&nbsp;1. o r t he en ti t y , it s I D nu m ber
and en ti t y na m e
a r e

---

| | |
|:---|:---|
| ID number | 20191558677 |
|  | *(Colorado Secretary of State ID number)* |
| Entity name | Cocannco Inc . |

---

&nbsp;&nbsp;&nbsp;&nbsp;2. The new en ti t y
na m e (i f
app li cab l e) i s
____________________________________________________.

&nbsp;&nbsp;&nbsp;&nbsp;3. The amended a nd r e st a t ed
con stit uent fil ed docu m e n t i s att ached.

&nbsp;&nbsp;&nbsp;&nbsp;4. I f t he a m end m ent
p r ov i des f or
an ex c hang e , r ec l a s s i fi ca t i on
or ca n ce ll a ti on
of i s s ued s ha r e s , t he a tt ach m ent
s t a t es t he
p r ov i sions f or i m p l e m en ti ng t he a m end m en t .

&nbsp;&nbsp;&nbsp;&nbsp;5. *(* ***Ca** **uti o n**: <u>L</u> <u>e a ve bl a n k</u> i f t h e d o c u m e n t do es n o t h a ve a d e l a y ed e f f e c t i v e d at e. S t a t i n g a d e l a y ed e f f e c t i ve da t e h a s s i g n i f i c an t l e ga l c o n s e q u e n ce s . R e a d i n s t r u c t io n s b e fo re e n t er i n g a d a t e.)* 

*(I f the following statement applies, adopt the statement by entering a date and, if applicable, time using the required format.)*

The delayed effective date and, if applicable, time of this document is/are  _. <br> *(mm/dd/yyyy hour:minute am/pm)*

**Notice**:

Causing this document to be delivered to the Secretary of State for filing shall constitute the affirmation or acknowledgment of each individual causing such delivery, under penalties of perjury, that such document is such individual's act and deed, or that such individual in good faith believes such document is the act and deed of the person on whose behalf such individual is causing such document to be delivered for filing, taken in conformity with the requirements of part 3 of article 90 of title 7, C.R.S. and, if applicable, the constituent documents and the organic statutes, and that such individual in good faith believes the facts stated in such document are true and such document complies with the requirements of that Part, the constituent documents, and the organic statutes.

This perjury notice applies to each individual who causes this document to be delivered to the Secretary of State, whether or not such individual is identified in this document as one who has caused it to be delivered.

&nbsp;&nbsp;&nbsp;&nbsp;6. The tr ue n a m e
 and m a ili ng add r e s s
 of t he i nd i v i dual
 ca u s i ng t he
 docu m ent t o be de li v e r ed f or fili ng
 a r e

---

| | |
|:---|:---|
| Bosch | Donald |
| *(Last)* | *(First)* *(Middle)* *(Suffix)* |
| 11 West Hampden Ave | 11 West Hampden Ave |
| *(Street name and number or Post Office Box information)* | *(Street name and number or Post Office Box information)* |
| Suite l-100 | Suite l-100 |
| Englewood | CO |
| *(City)* | *(State)* |
|  | United States |
| *(Province* *if applicable)* | *(Country - if not US)* |

---

Page 1 of 2

*(I f the following statement applies, adopt the statement by marking the box and include an attachment.)*

☐ This document contains the true name and mailing address of one or more additional individuals causing the document to be delivered for filing.

**Disclaimer:**

This form/cover sheet, and any related instructions, are not intended to provide legal, business or tax advice, and are furnished without representation or warranty. While this form/cover sheet is believed to satisfy minimum legal requirements as of its revision date, compliance with applicable law, as the same may be amended from time to time, remains the responsibility of the user of this form/cover sheet. Questions should be addressed to the user's legal, business or tax advisor(s).

Page 2 of 2

RESTATED ARTICLES OF INCORPORATION <br> AND AMENDED BY-LAWS OF COCANNCO, INC.

PURSUANT TO the applicable provisions of Section 7-90-301, et seq., Section 7-130-106, and Section 7-90-304.5 of Colorado Revised Statutes (I CRSII), the undersigned, Don Bosch, hereby submits:

WHEREAS, the corporation wishes to amend its provisions for a class of Common stock and a class of Preferred stock; and

WHEREAS, the corporation, from the date of its incorporation in Colorado, is a Colorado corporation in good standing;

NOW, THEREFORE, the corporation submits these restated articles of incorporation ("Articles of Incorporation") to the Secretary of State of the State of Colorado, which shall become effective upon acceptance by Colorado's Secretary of State, to wit:

ARTICLE 1, <br> NAME.

The name of this corporation is "Cocannco, Inc.".

ARTICLE 11,

PURPOSES AND POWERS.

&nbsp;&nbsp;&nbsp;&nbsp;1. Purposes. Except as may otherwise be restricted by these Articles of Incorporation, the corporation is organized to transact all lawful business that may be conducted by a Colorado corporation subject to the applicable provisions of the Colorado Business Corporation Act (ICBCA").

&nbsp;&nbsp;&nbsp;&nbsp;2. General Powers. Except as restricted by these Articles of Incorporation, the corporation shall have and may exercise all powers and rights to which a corporation may lawfully exercise pursuant to the applicable provisions of CRS in force as of the filing date of these Articles of Incorporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Duration. The corporation shall have the power to exist in perpetuity, unless its corporate existence is sooner terminated by an action of the corporation's board of directors and/ or shareholders, or by operation of law.

ARTICLE 111,<br> CAPITAL STOCK.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Authorized Shares. The total number of shares that this corporation is authorized to issue is 500,000,000, allocated as follows among these classes and series of stock:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Common Stock. One class of stock shall be common stock, par value $0.0001 per share, of which the Corporation shall have the authority to issue 475,000,000 shares.

B. Preferred Stock. The second class of stock shall be preferred stock, par value $0.0001 per share, of which the Corporation shall have the authority to issue 25,000,000 shares.

Of the 25,000,000 shares of preferred stock authorized, 15,000,000 shares shall be designated as Series A Preferred Stock, which shall have the designations, powers, preferences, and relative and other special rights and the following qualifications, limitations, and restrictions set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Series A Preferred Stock.

a. Designation and Amounts. The board of directors of the corporation, pursuant to authority granted in the Articles of Incorporation, hereby creates a series of preferred stock designated as Series A Preferred Stock (the "Series A Preferred Stock") with a par value of $0.0001 per share. The number of authorized shares constituting the Series A Preferred Stock shall be Fifteen million (15,000,000) shares.

b. Dividends. The holders of Series A Preferred Stock shall be entitled to' receive dividends, payable in-cash or stock in parity with the holders of shares of common stock.

c. Voting. Except as otherwise required by law, the holders of shares of Series A Preferred Stock shall be entitled to vote on all matters submitted to a vote of the stockholders of the Corporation and shall be permitted five (5) votes for every one (1) share of Series A Preferred Stock held by them pursuant to the provisions hereof at the record date for the determination of stockholders entitled to vote on such matters or, if no such record date is established, at the date such vote is taken. Except as otherwise required by law, the holders of shares of Series A Preferred Stock and any other series of preferred stock with voting rights and the common stock shall vote together as a single class, and not as separate classes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Conversion. The holders of Series A Preferred Stock shall have conversion rights as follows ("Conversion Rights"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Automatic Conversion. Each share of Series A Preferred Stock shall not be convertible unless the corporation's articles of incorporation authorizes an adequate number of shares of Common Stock available for issuance in an amount sufficient to permit the conversion of the shares of Series A Preferred Stock being converted. Conditioned upon the foregoing, each share of Series A Preferred Stock shall automatically convert into five (5) fully paid and non-assessable shares of Common Stock of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Method of Conversion. Before any holder of Series A Preferred Stock shall be entitled to convert the same into shares of common stock, such holder shall surrender the certificate or certificates therefore, duly endorsed, at the office of the Corporation or of any transfer agent for the Series A Preferred Stock, and shall give written notice 15 business days prior to date of conversion to the Corporation at its principal corporate office, of the election to convert the same and shall state therein the name or names in which the certificate or certificates for shares of common stock are to be issued. The Corporation shall, within five business days, issue and deliver at such office to such holder of Series A Preferred Stock, or to the nominee or nominees of such holder, a certificate or certificates for the number of shares of common stock to which such holder shall be entitled as aforesaid. Conversion shall be deemed to have been effected on the date when delivery of notice of an election to convert and certificates for shares is made, and such date is referred to herein as the "Conversion Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Partial Conversion. In the event of the conversion of some but not all of the shares of Series A Preferred Stock represented by a certificate or certificates surrendered, the Corporation shall execute and deliver to or on the order of the holder, at the expense of the Corporation, a new certificate representing the number of shares of Series A Preferred Stock which were not converted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. Status of Converted Stock. In the event any shares of Series A Preferred Stock shall be converted or otherwise acquired by the Corporation, the shares so converted shall be canceled and shall resume the status of authorized shares of preferred stock without differentiation as to series. All such shares may be reissued as part of a new series of preferred stock subject to the conditions and restrictions on issuance set forth in the Articles of Incorporation or in any certificate of designation creating a series of preferred stock or any similar stock or as otherwise required by law.

e. Transfer Taxes. The Corporation shall pay all documentary, stamp or other transactional taxes attributable to the issuance or delivery of shares of common stock upon conversion of any shares of Series A Preferred Stock, provided that the Corporation shall not be required to pay any taxes which may be payable in respect of any transfer involved in the issuance or delivery of any certificate for such shares in a name other than that of the holder of the shares of Series A Preferred Stock in respect of which such shares are being issued.

f. Adjustments to Conversion Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Subdivisions, Combinations or Consolidations of Common Stock. In the event the outstanding shares of common stock shall be subdivided, combined or consolidated, by stock split, stock dividend, combination or like event, into a greater or lesser number of shares of common stock after the effective date of this Certificate of Designation, each a "Subdivision, Combination or Consolidation stated in Section B(l)(d)(i). In exception to the forgoing, if agreed in writing by any holder of Series A Preferred Stock prior to any capital reorganization, merger or any reclassification of the stock of the Corporation, such holder may agree, in whole or in part, to amend the terms herein of the Series A Preferred Stock such that the holder's shares of Series A Preferred Stock are convertible into the kind and number of shares of stock or other securities or property of the Corporation or otherwise to which such holder would have been entitled if immediately prior to such reorganization or reclassification the holder's shares of the Series A Preferred Stock had been so converted or exchanged in a matter as stated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Distributions Other Than Cash Dividends Out of Retained Earnings. If the Corporation shall declare a cash dividend upon its common stock payable otherwise than out of retained earnings or shall distribute to holders of its common stock shares of its capital stock, stock or other securities of other persons, evidences of indebtedness issued by the Corporation or other persons,. assets (excluding cash dividends), or options or rights (excluding options to purchase and rights to subscribe for common stock or other securities of the Corporation convertible into or exchangeable for common stock), then, in each such case, provision shall be made so that the holders of Series A Preferred Stock shall receive upon conversion thereof, in addition to the number of shares of common stock receivable thereupon, the amount of securities of the Corporation and other property which they would have received had their Series A Preferred Stock been converted into common stock on the date of such event and had they thereafter, during the period from the date of such event to and including the date of conversion, retained such securities and other property receivable by them as aforesaid during such period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. Fractional Shares. Fractional shares of Series A Preferred Stock may be issued and all conversion, voting and other rights shall be applied to such fractional shares on a proportional basis; provided, however, that in lieu of any fractional shares of common stock to which the holder of Series A Preferred Stock would be entitled upon conversion or otherwise pursuant hereto, the Corporation shall issue to such holder, one whole share of common stock. The number of whole shares to be issuable to each holder upon such conversion shall be determined on the basis of the number of shares of common stock issuable upon conversion of the total number of shares of Series A Preferred Stock of such holder at the time converting into common stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Liquidation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Corporation, the assets of the Corporation available for distribution to stockholders shall be distributed among the holders of the shares of Series A, Series B Preferred Stock and Series C Preferred Stock, and common stock in order of rank wherein the Series A Preferred Stock is senior to all other classes of stock, followed by the Series B Preferred Stock, the Series C Preferred Stock, and then the Common Stock of the Corporation. Any distribution resulting from the liquidation, dissolution or winding up of the Corporation will be pro-rata to the quantity of votes each such share holds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Corporation which will involve the distribution of assets other than cash, the Corporation shall promptly engage an independent appraiser to determine the fair market value of the assets to be distributed to the holders of shares of its capital stock. The Corporation shall, upon receipt of such appraiser's valuation, give prompt written notice to each holder of shares of Series A Preferred Stock of the appraiser's valuation. Any equity securities of other entities to be distributed shall be valued as follows: (x) if the common stock is listed on a national securities exchange or NASDAQ, the last sale price of the common stock in the principal trading market for the common stock on such date or, if there are no sales common stock on that date, then on the next preceding date on which there were any sales of common shares, as reported by the exchange or NASDAQ, as the case may be; or (y) if the common stock is not listed on a national securities exchange or NASDAQ, but is traded in the over-the-counter market, the closing bid price for the common stock on such date, as quoted by the OTC Bulletin Board or the National Quotation Bureau, Incorporated or similar publisher of such quotations or, if there are no sales common stock on that date, then on the next preceding date on which there were any sales of common shares, as quoted by the OTC Bulletin Board or the National Quotation Bureau, Incorporated or similar publisher of such quotations, as the case may be; or (z) if the fair market value of the common stock cannot be determined pursuant to clause (x) or (y) above, such price as the Board of Directors of the Corporation shall reasonably determine, in good faith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Registration Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If the Corporation should file any form of registration statement (the "Registration Statement") under the 1933 Act covering the distribution or sale of any securities of the Corporation, it shall forthwith give written notice (the "Registration Notice") to the holder(s) of the Series A Preferred Stock of such decision, who shall have the right to elect, by written notice (the "Reply to Registration Notice") to the Corporation not more than five (5) business days following receipt of said Registration Notice, to have the Registration Statement include the registration of any or all of the Series A Preferred Stock, or common stock into which it may be converted, in whole or in part.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. In the event of a registration pursuant to subsection "i" above, the Corporation shall use its best efforts to cause the Series A Preferred Stock, or the common stock into which it is converted, so registered to be registered or qualified for sale under the securities or blue sky laws of such jurisdictions as file holder(s) of the Series A Preferred Stock may reasonably request; provided, however, that the Corporation shall not by reason of this Agreement be required to qualify to do business in any state in which it is not otherwise required to qualify to do business or to file a general consent to service of process.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Redemption. Series A Preferred Shares are not redeemable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Common Stock Dividends, Subdivisions, Combinations, etc. In case the Corporation shall hereafter (i) declare a dividend or make a distribution on its outstanding shares of Common Stock in shares of Common Stock, (ii) subdivide or reclassify its outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify its outstanding shares of Common Stock into a smaller number of shares, the number of outstanding shares of Series A Preferred Stock in effect at the time of the record date for such dividend or distribution or of the effective date of such subdivision, combination, or reclassification shall not be adjusted or changed in any way such that the number of outstanding shares of Series A Preferred Stock in effect immediately prior to the record date for such dividend or distribution or of the effective date of such subdivision, combination, or reclassification shall remain the same and there shall be no adjustment in the voting rights stated herein of each share of Series A Preferred Stock and each share of Series A Preferred Stock shall continue to convert into the quantity of fully paid and non-assessable share of Common Stock of the Corporation stated in Section

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. No Impairment. Except and to the extent as waived or consented to by the holder, or as otherwise provided herein, the Corporation shall not by any action, including, without limitation, amending its Articles of Incorporation or Bylaws, or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of the Series A Preferred Stock, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of holders as set forth in this Certificate of Designations against impairment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. Loss, Theft, Destruction of Series A Preferred Stock Certificates. Upon receipt of evidence satisfactory to the Corporation of the loss, theft, destruction or mutilation of shares of Series A Preferred Stock and, in the case of any such loss, theft or destruction, upon receipt of indemnity or security reasonably satisfactory to the Corporation, or, in the case of any such mutilation, upon surrender and cancellation of the Series A Preferred Stock, the Corporation shall make, issue and deliver, in lieu of such lost, stolen, destroyed, or mutilated shares of Series A Preferred Stock, new shares of Series A Preferred Stock of like tenor. The Series A Preferred Stock shall be held and owned upon the express condition that the provisions of this section are exclusive with respect to the replacement of mutilated, destroyed, lost' or stolen shares of Series A Preferred Stock and shall preclude any and all other rights and remedies notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement of negotiable instruments or other securities without the surrender thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n. Notices. The holders of the Series A Preferred Stock shall be entitled to receive all communications sent by the Corporation to the holders of the common stock. Any notice required by the provisions of this Section "n" to be given to the holder of shares of the Series A Preferred Stock shall be deemed given when personally delivered to such holder or five business days after the same has been deposited in the United States mail, certified or registered mail, return-receipt requested, postage prepaid, and addressed to each holder of record at his address appearing on the books of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o. Severability. If any right, preference, or limitation of the Series A Preferred Stock set forth herein is invalid, unlawful or incapable of being enforced by reason of any rule, law or public policy, all other rights, preferences, and limitations set forth herein that can be given effect without the invalid, unlawful, or unenforceable right, preference, or limitation shall nevertheless remain in full force and effect, and no right, preference, or limitation herein shall be deemed dependent upon any other such right, preference, or limitation unless so expressed herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;p. Rank. With respect to any payments of interest, dividend rights and rights on liquidation, dissolution, and winding-up of the affairs of the Corporation and any other right or preference, the Series A Preferred Stock shall rank junior to the Series C Preferred Stock and senior to the Series B Preferred Stock, and the Common Stock.

ARTICLE IV,

DIRECTORS AND OFFICERS.

1. Number of Directors. The members of the governing board of the corporation are styled as directors. The board of directors of the corporation shall be elected in such manner as shall be provided in the bylaws of the corporation. The board of directors shall consist of at least one (1) individual. The number of directors may be changed from time to time in such manner as shall be provided in the bylaws of the corporation.

2. Limitation of Liability. The liability of directors and officers of the corporation shall be eliminated or limited to the fullest extent permitted by the CRS. If the CRS is amended to further eliminate or limit or authorize corporate action to further eliminate or limit the liability of directors or officers, the liability of directors and officers of the corporation shall be eliminated or limited to the fullest extent permitted by the CRS, as so amended from time to Mme.

3. Payment of Expenses. In addition to any other rights of indemnification permitted by the laws of the State of Colorado or as may be provided for by the corporation in its bylaws or by agreement, the expenses of officers and directors incurred in defending any threatened, pending, or completed action, suit, or proceeding (including without limitation, an action, suit, or proceeding by or in the right of the corporation), whether civil, criminal, administrative, or investigative, involving alleged acts or omissions of such officer or director in his or her capacity as an officer or director of the corporation or member, manager, or managing member of a predecessor limited liability company or affiliate of such limited liability company or while serving in any capacity at the request of the corporation as a director, officer, employee, agent, member, manager, managing member, partner, or fiduciary of, or in any other capacity for, another corporation or any partnership, joint venture, trust, or other enterprise, shall be paid by the corporation or through insurance

purchased and maintained by the corporation or through other financial arrangements made by the corporation, as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of the officer or director to repay the amount if it is ultimately determined by a court of competent jurisdiction that he or she is not entitled to be indemnified by the corporation. To the extent that an officer or director is successful on the merits in defense of any such action, suit, or proceeding, or in the defense of any claim, issue, or matter therein, the corporation shall indemnify him or her against expenses, including attorneys' fees, actually and reasonably incurred by him or her in connection with the defense. Notwithstanding anything to the contrary contained herein or in the bylaws, no director or officer may be indemnified for expenses incurred in defending any threatened, pending, or completed action, suit or proceeding (including without limitation, an action, suit or proceeding by or in the right of the corporation), whether civil, criminal, administrative or investigative, that such director or officer incurred in his or her capacity as a stockholder.

4. Repeal and Conflicts. Any repeal or modification of Sections 2 or 3 above approved by the stockholders of the corporation shall be prospective only and shall not adversely affect any limitation on the liability of a director or officer of the corporation existing as of the time of such repeal or modification. In the event of any conflict between Sections 2 or 3 above and any other article of the Articles, the terms and provisions of Sections 2 or 3 above shall control.

ARTICLE V,

VOTING ON CERTAIN TRANSACTIONS,

1. Amendment of Articles. The corporation reserves the right to amend, alter, change or repeal any provision contained in the Articles, in the manner now or hereafter prescribed by the CRS, and all rights conferred on stockholders herein are granted subject to this reservation; provided, however, that no amendment, alteration, change or repeal may be made to Article 111, V, Article VI, Article Vll, Article Vlll, or Article V without the affirmative vote of the holders of at least sixty-six and two-thirds percent (66 2/ 3%) of the issued and outstanding shares of stock of the corporation entitled to vote in the election of directors excluding stock entitled to vote only upon the happening of a fact or event unless such fact or event shall have occurred, considered for the purposes of this section as one class.

2. Additional Vote Required. Any affirmative vote required by this Article V shall be in addition to the vote of the holders of any class or series of stock of the corporation otherwise required by law, the Articles, the resolutions of the board of directors providing for the issuance of such class or series and any agreement between the corporation and any securities exchange or over-the-counter market upon which the corporation's shares are listed or designated for trading.

ARTICLE VI,

TRANSACTIONS WITH INTERESTED DIRECTORS.

No contract or other transaction between the corporation and one or more of its directors or any other corporation, firm, association, or entity in which one or more of its directors are directors or officers are financially interested shall be either void or voidable solely because of such relationship or interest or solely because such directors are present at the meeting of the Board of Directors or a committee thereof which authorizes, approves or ratifies such contract or transaction or solely because their votes are counted for such purpose if:

&nbsp;&nbsp;&nbsp;&nbsp;a. The f a c t o f s u ch
 re l a t i o nship
 or inte r e s t
 is disclos e d or known to the B o a r d o f Dir e ctors o r commit t ee
 which author i z e s,
 appro v es or r atifies
 the contra c t or t rans a c t i on
 by a vote or conse n t suff i cient
 for t h e purpose without counting t h e
 vot e s or c onse n ts
 of s uch i n te r e sted
 direc t ors; or

&nbsp;&nbsp;&nbsp;&nbsp;b. The f a c t o f s uch r elationship or i n te r e s t
is disclo s ed or known to the s h ar e holde r s
e n t i tled to vote a n d
t h ey a uthor i z e,
approve or ra t i f y such c o nt r a c t o r t r a n s ac tion
by vote or wr i t t en conse n t;
or

&nbsp;&nbsp;&nbsp;&nbsp;c. The c o nt ra ct
or tran s a c t i o n
is fair a nd r e a s o na b le
to the c o r po r a t i o n.
Comm o n or i n ter e st e d
direc t ors may be c o unt e d
in dete r m ining the pre s ence
of a quor u m at a mee t i n g
of t he B o a r d
of Dire c tors o r a c o m mi t tee
the r eo f, w hich a utho r ize s , a ppr o v es,
or r atifies such c o nt ra ct
or tra n saction.

ARTICLE Vll,

CORPORATE OPPORTUNITY.

The officers, directors, and other members of management of this corporation shall be subject to the doctrine of "corporate opportunities" only insofar as it applies to business opportunities in which this corporation has expressed an interest as determined from time to time by this corporation's Board of Directors as evidenced by resolutions appearing in the corporation's minutes. Once such areas of interest are delineated, all such business opportunities within such areas of interest which come to the attention of the officers, directors, and other members of management of this corporation which shall be disclosed promptly to this corporation and made available to it. The Board of Directors may reject any business opportunity presented to it and thereafter any officer, director or other member of management may avail himself or herself of such opportunity. Until such time as this corporation, through its Board of Directors, has designated an area of interest, the officers, directors and other members of management of this corporation shall be free to engage in such areas of interest on their own and this doctrine shall not limit the rights of any officer, director or other member of management of this corporation to continue a business existing prior to the time that such area of interest is designated by the corporation. This provision shall not be construed to release any employee of this corporation (other than an officer, director, or member of management) from any duties, which he or she may have to this corporation.

ARTICLE Vlll,

INDEMNIFICATION.

The corporation may indemnify any director, officer, employee, fiduciary, or agent of the corporation to the fullest extent permitted by CRS as in effect at the time of the conduct by such person.

ARTICLE IX,

AMENDMENTS.

The corporation reserves the right to amend its Articles of Incorporation from time to time in accordance with the CRS, these Articles of Incorporation, and the corporation's bylaws.

ARTICLE X,

ADOPTION AND AMENDMENT OF BYLAWS.

The initial bylaws of the corporation shall be adopted by its initial board of directors. Subject to repeal or change by action of the shareholders, the power to alter, amend, or repeal the bylaws or adopt new bylaws shall be vested in the board of directors. The bylaws may contain any provisions for the regulation and management of the affairs of the corporation not inconsistent with the CRS or these Articles of Incorporation.

ARTICLE Xl,

REGISTERED OFFICE AND REGISTERED AGENT.

The corporation's initial address of the registered office of the corporation is 1942 Broadway, Suite 314C, Boulder, CO 80302 and the name of the registered agent at such address is Registered Agents, Inc. Either the registered office or the registered agent may be changed in the manner permitted by law.

Acceptance of Appointment by Registered Agent. Roger Johnson has heretofore accepted his appointment as the corporation's initial registered agent in accordance with the terms of its appointment in this Article XI.

ARTICLE Xll,

LIMITATION OF LIABILITY OF DIRECTORS <br> TO CORPORATION AND SHAREHOLDERS.

No director shall be liable to the corporation or any shareholder for monetary damages for breach of fiduciary duty as a director, except for any matter in respect of which such director (a) shall be liable under the CRS Section 7-108-402 or any amendment thereto or successor provision thereto; (b) shall have breached the director's duty of loyalty to the corporation or its shareholders; c) shall have not acted in good faith or, in failing to act, shall not have acted in good faith; (d) shall have acted or failed to act in a manner involving intentional misconduct or a knowing violation of law; or (e) shall have derived an improper personal benefit. Neither the amendment nor repeal of this Article, nor the adoption of any provision in the Articles of Incorporation inconsistent with this Article, shall eliminate or reduce the effect of this Article in respect of any matter occurring prior to such amendment, repeal, or adoption of an inconsistent provision. This Article shall apply to the full extent now permitted by the CRS or as may be permitted in the future by changes or enactments in the CRS, including without limitation Section 7-109-102 and/or Section 7-109-103.

ARTICLE Xlll,

RECAPITALIZATIONS AFFECTING OUTSTANDING SECURITIES.

The board of directors, without the consent of shareholders, may adopt any recapitalization affecting the outstanding securities of the corporation by effecting a forward or reverse split of all of the outstanding securities of the corporation, with appropriate adjustments to the corporation's capital accounts, provided that the re-capitalization does not require any change in the Articles of Incorporation of the corporation.

IN WITNESS WHEREOF, I, Don Bosch, have subscribed this document and do hereby affirm, under penalty of perjury, that the statements contained herein have been examined by me and are true and correct as of this twentieth day of September 12, 2019.

---

| |
|:---|
| /s/ Don Bosch |
| Don Bosch |
| 11 West Hampden Ave - Suite L100 |
| Englewood, CO 80110 |
| Telephone: (720) 209-7760 |

---

## Form 1-K Filing Summary

### Filer Information

**Issuer CIK:** 0001791146

**Issuer CCC:** XXXXXXXX

**Is filer a shell company?:** No

**Is this filing by a successor company?:** No

### Submission Contact Information

**Is this a LIVE or TEST Filing?:** LIVE

**Period:** 07-31-2022

### Item 1: Issuer Information (Tab 1 Notification)

**Type of Report:** Annual Report

**Fiscal Year End:** 07-31-2022

**Exact Name of Issuer:** Cocannco, Inc.

**CIK:** 0001791146

**Jurisdiction of Incorporation:** CO

**IRS Number:** 84-2351885

**Address:** 1817 MARYAL DRIVE, SACRAMENTO, CA 95864

**Issuer Phone Number:** 9169051488

**Title of each class of securities issued pursuant to Regulation A:** Common Stock

### Item 2: Ongoing Reporting Requirements

**Is the issuer relying on the relief provided by Rule 257(d) for this filing?** Yes