UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
___________________
FORM 8-K
___________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): August 4, 2014
DYNAMIC
APPLICATIONS CORP.
(Exact Name of
Registrant as Specified in its Charter)
Commission File No.: 0-54856
Delaware | 98-0573566 |
(State of Incorporation) | (I.R.S. Employer Identification No.) |
14 Menachem Begin Street, Ramat Gan, Israel | 52700 |
(Address of Registrant's Office) | (ZIP Code) |
Registrant's Telephone Number, including area code: 972-3-752-3922
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
Dynamic Applications Corp. (the "Registrant"), has
announced the organization of a new wholly-owned subsidiary, One World
Cannabis Ltd. ("OWC") under the laws of the State of Israel. The Registrant
will continue to work closely with GUMI Tel Aviv Ltd, a major,
privately-held Israeli technology company ("GUMI") in the manufacture and
marketing of commercial model(s) of the Registrant's Patented Percussion
Device, its core business.
The business of OWC will be based upon the
creation of an Israeli Cannabis Institute for Research working together with
established Israeli hospitals and universities. The focus of OWC will
involve medical research on the efficacy of cannabis on the treatment of,
among other illnesses/medical conditions:
- diabetes;
- Parkinson disease;
- children's
epilepsy;
- prostate cancer;
- psoriasis;
and
- topical treatment of burns.
OWC plans to be at the forefront of
compliance with international regulatory protocols and the development and
improvement of strains of cannabis specifically designed for medical
treatment. OWC's business plan is to: (i) establish regulated medical
cannabis systems for medical institutions based upon the regulated Israeli
model; (ii) promote the establishment of local and international research
facilities for the study and commercial application of medical cannabis;
(iii) establish a medical cannabis research institute in Israel in
compliance with existing Israeli laws and regulations with international
branches; (iv) raise grants for medical cannabis research; (v) develop new
use and means of administration of medical cannabis.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DYNAMIC APPLICATIONS CORP. | ||
By: | /s/ Mordechai Bignitz | |
Name: | Mordechai Bignitz | |
Title: | CEO |
Date: August 4, 2014