Attached files
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| EX-99.1 - PRESS RELEASE DATED JANUARY 22, 2018 - cbdMD, Inc. | levb_ex99-1.htm |
| EX-10.68 - FIRST AMENDMENT TO LICENSE AGREEMENT - cbdMD, Inc. | levb_ex10-68.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
January 19,
2018
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LEVEL BRANDS, INC.
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(Exact name of registrant as specified in its charter)
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North Carolina
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001-38299
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47-3414576
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(State or other jurisdiction of incorporation or
organization)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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4521 Sharon Road, Suite 450, Charlotte, NC 28211
(Address of principal executive offices)(Zip Code)
Registrant's
telephone number, including area code: (704) 445-5800
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not applicable
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(Former name or former address, if changed since last
report)
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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))
Indicate by check mark whether the registrant is an emerging growth
company as defined in in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this
chapter).
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Emerging
growth company ☑
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If an
emerging growth company, indicate by checkmark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange
Act. ☐
Item 1.01.
Entry into a Material Definitive Agreement.
On
January 19, 2018 Level Brands, Inc. entered into the First
Amendment to License Agreement with Isodiol International, Inc.
(CSE: ISOL, OTCQB: ISOLF, FSE:LB6A.F), a Canadian company, pursuant
to which the term of the License Agreement dated December 30, 2017
previously entered into by the parties was extended from five years
to 10 years and the territorial coverage was expanded from North
America to worldwide. This amendment was entered into after the
parties concluded the go/no go discussions contemplated under the
terms of the License Agreement. The foregoing description of the
terms and conditions of the First Amendment to License Agreement is
qualified in its entirety by reference to the agreement, a copy of
which is filed as Exhibit 10.68 to this report.
Item
7.01. Regulation FD Disclosure.
On
January 22, 2018, Level Brands, Inc. issued a press release
announcing the First Amendment to License Agreement with Isodiol
International, Inc. A copy of this press release is furnished as
Exhibit 99.1 to this report.
Pursuant to General
Instruction B.2 of Form 8-K, the information in this Item 7.01 of
Form 8-K, including Exhibit 99.1, is being furnished and shall not
be deemed “filed” for the purposes of Section 18 of the
Securities Exchange Act of 1934 or otherwise be subject to the
liabilities of that section, nor is it incorporated by reference
into any filing of Level Brands, Inc. under the Securities Act of
1933 or the Securities Exchange Act of 1934, whether made before or
after the date hereof, regardless of any general incorporation
language in such filing.
Item 9.01.
Financial Statement and Exhibits.
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(d)
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Exhibits:
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First
Amendment to License Agreement dated January 19, 2018 by and
between Level Brands, Inc. and Isodiol International,
Inc.
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Press
release dated January 22, 2018
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SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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LEVEL
BRANDS, INC.
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Date:
January 22, 2018
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By:
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/s/
Mark Elliott
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Chief Financial Officer and Chief Operating Officer
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