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<TITLE>8-K BNA (18Aug2017) (00461903).DOCX</TITLE>
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<DIV style=margin-left:72pt;width:468pt><P align=center style='font:18pt Times New Roman;margin:0'><B>UNITED STATES </B></P>
<P align=center style='font:18pt Times New Roman;margin:0'><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P align=center style='font:15pt Times New Roman;margin:0'><B>Washington, D.C. &nbsp;20549</B></P>
<P align=center style='font:15pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:15pt Times New Roman;margin:0'><B>FORM 8-K</B></P>
<P align=center style='font:15pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:15pt Times New Roman;margin:0'><B>CURRENT REPORT</B></P>
<P align=center style='font:15pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:13pt Times New Roman;margin:0'><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'>Date of Report (date of earliest event reported): &nbsp;<B>August 18, 2017</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0;margin-right:72pt'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:468pt><TR><TD colspan=5 valign=top style=width:468pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:14pt Times New Roman;margin:0'><B>CANNASYS, INC.</B></P>
</TD></TR>
<TR><TD colspan=5 valign=top style=width:468pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:9pt Times New Roman;margin:0'>(Exact name of registrant as specified in its charter)</P>
</TD></TR>
<TR><TD valign=top style=width:147.95pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:12.15pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:147.95pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:11pt Times New Roman;margin:0'><B>Nevada</B></P>
</TD><TD valign=top style=width:12.15pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'><B>000-54476</B></P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'><B>88-0367706</B></P>
</TD></TR>
<TR><TD valign=top style=width:147.95pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:9pt Times New Roman;margin:0'>(State or other jurisdiction of</P>
</TD><TD valign=top style=width:12.15pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>(Commission File Number)</P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>(IRS Employer</P>
</TD></TR>
<TR><TD valign=top style=width:147.95pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:9pt Times New Roman;margin:0'>incorporation or organization)</P>
</TD><TD valign=top style=width:12.15pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>Identification No.)</P>
</TD></TR>
<TR><TD valign=top style=width:147.95pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:12.15pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:308pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:12pt Times New Roman;margin:0'><FONT style=font-size:12pt><B>1350 17th Street, Suite 150</B></FONT></P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:308pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:12pt Times New Roman;margin:0'><FONT style=font-size:12pt><B>Denver, Colorado </B></FONT></P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:12pt Times New Roman;margin:0'><FONT style=font-size:12pt><B>80202</B></FONT></P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:308pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:9pt Times New Roman;margin:0'>(Address of principal executive offices)</P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>(Zip code)</P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:308pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:308pt;padding-left:0.7pt;padding-right:0.7pt><P style='font:11pt Times New Roman;margin:0'>Registrant&#8217;s telephone number, including area code: &nbsp;</P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:12pt Times New Roman;margin:0'><FONT style=font-size:12pt><B>Phone: (720) 420-1290</B></FONT></P>
</TD></TR>
<TR><TD colspan=3 valign=top style=width:308pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:12.1pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:147.9pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD colspan=5 valign=top style=width:468pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:12pt Times New Roman;margin:0'><B>n/a</B></P>
</TD></TR>
<TR><TD colspan=5 valign=top style=width:468pt;padding-left:0.7pt;padding-right:0.7pt><P align=center style='font:9pt Times New Roman;margin:0'>(Former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P align=justify style='font:11pt Times New Roman;margin:0;margin-right:72pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>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:</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:27.9pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>[&#160;&#160;]</FONT></P>
</TD><TD valign=top style=width:450.9pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:27.9pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:450.9pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:27.9pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>[&#160;&#160;]</FONT></P>
</TD><TD valign=top style=width:450.9pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:27.9pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:450.9pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:27.9pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>[&#160;&#160;]</FONT></P>
</TD><TD valign=top style=width:450.9pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:27.9pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:450.9pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:27.9pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>[&#160;&#160;]</FONT></P>
</TD><TD valign=top style=width:450.9pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:27.9pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:450.9pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD colspan=2 valign=top style=width:478.8pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).</FONT></P>
</TD></TR>
<TR><TD valign=top style=width:27.9pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:450.9pt><P align=right style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>Emerging growth company [&#160;&#160;]</FONT></P>
</TD></TR>
<TR><TD colspan=2 valign=top style=width:478.8pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD colspan=2 valign=top style=width:478.8pt><P style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>If an emerging growth company, indicate by check mark 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. [&#160;&#160;]</FONT></P>
</TD></TR>
</TABLE>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P align=center style='font:11pt Times New Roman;margin:0'><B>ITEM 1.01&#8212;ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>On August 18, 2017, we received proceeds of $47,250, net of transaction costs, from an 8% Convertible Promissory Note and Securities Purchase Agreement dated August 16, 2017, with BNA Investment Capital, LLC, a Wyoming limited liability company. The Securities Purchase Agreement provides for a promissory convertible note in the aggregate principal amount up to $275,000, in tranches of $50,000 each, with additional tranches in the sole discretion of the accredited investor. The note accrues interest at the rate of 8% per annum, and the maturity date for each tranche funded is 12 months from the effective date of its payment. The outstanding amounts funded under the promissory note are convertible into shares of CannaSys, Inc. common stock in accordance with its terms. These securities were issued in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving any public offering. BNA Investment Capital, LLC, is an &#8220;accredited investor&#8221; as defined in Rule 501(a) of Regulation D and confirmed the foregoing and acknowledged, in writing, that the securities were acquired and will be held for investment. No underwriter participated in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly in connection therewith.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>ITEM 2.03&#8212;CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>The information set forth in Item 1.01 is incorporated by reference in this Item 2.03.  </P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>ITEM 3.02&#8212;UNREGISTERED SALES OF EQUITY SECURITIES</B></P>
<P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>The information set forth in Item 1.01 is incorporated by reference in this Item 2.03.  </P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:11pt Times New Roman;margin:0'><B>ITEM 9.01&#8212;FINANCIAL STATEMENTS AND EXHIBITS</B></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>The following are filed as exhibits to this report: &nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:468pt><TR><TD valign=top style='width:73pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'><B>Exhibit</B></P>
<P align=center style='font:9pt Times New Roman;margin:0'><B>Number*</B></P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='width:284.5pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:9pt Times New Roman;margin:0'><B>Title of Document</B></P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='width:81.2pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><P align=center style='font:9pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:9pt Times New Roman;margin:0'><B>Location</B></P>
</TD></TR>
<TR><TD valign=top style=width:73pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:284.5pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:81.2pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:73pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'><B>Item 10</B></P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:284.5pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'><B>Material Contracts</B></P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:81.2pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:73pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>10.78</P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:284.5pt;padding-left:5.75pt;padding-right:5.75pt><P style='font:11pt Times New Roman;margin:0'>Securities Purchase Agreement between CannaSys, Inc., and BNA Investment Capital, LLC</P>
<P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:81.2pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>Attached</P>
</TD></TR>
<TR><TD valign=top style=width:73pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:284.5pt;padding-left:5.75pt;padding-right:5.75pt><P style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:81.2pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:73pt;padding-left:5.75pt;padding-right:5.75pt><P align=center style='font:11pt Times New Roman;margin:0'>10.79</P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:284.5pt;padding-left:5.75pt;padding-right:5.75pt><P style='font:11pt Times New Roman;margin:0'>Convertible Promissory Note up to $275,000 issued to BNA Investment Capital, LLC</P>
</TD><TD valign=top style=width:14.65pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:81.2pt;padding-left:5.75pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>Attached</P>
</TD></TR>
</TABLE>
<P align=justify style='font:11pt Times New Roman;margin:0;text-indent:-18pt;margin-left:18pt'>_______________________________________</P>
<P align=justify style='font:9pt Times New Roman;margin-top:6pt;margin-bottom:0pt;text-indent:-18pt;margin-left:18pt'><KBD style='position:absolute;font:9pt Times New Roman;text-indent:0'>*</KBD><KBD style=margin-left:18pt></KBD>All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. Omitted numbers in the sequence refer to documents previously filed as an exhibit. &nbsp;&nbsp;</P>
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<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P align=center style='font:11pt Times New Roman;margin:0'><B>SIGNATURES</B></P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>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.</P>
<P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:234.05pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=top style=width:244.75pt;padding-left:0.7pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'><B>CANNASYS, INC.</B></P>
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<TR><TD valign=top style=width:234.05pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD colspan=2 valign=top style=width:244.75pt;padding-left:0.7pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
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<TR><TD valign=top style=width:234.05pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
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<TR><TD valign=top style=width:234.05pt><P align=justify style='font:11pt Times New Roman;margin:0'>Dated: September 6, 2017</P>
</TD><TD valign=top style=width:26.7pt;padding-left:0.7pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>By:</P>
</TD><TD valign=top style='width:218.05pt;border-bottom:0.5pt solid #000000'><P align=justify style='font:11pt Times New Roman;margin:0'>/s/ Patrick G. Burke</P>
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<TR><TD valign=top style=width:234.05pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:26.7pt;padding-left:0.7pt;padding-right:5.75pt><P align=justify style='font:11pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='width:218.05pt;border-top:0.5pt solid #000000'><P align=justify style='font:11pt Times New Roman;margin:0'>Patrick G. Burke, Chief Executive Officer</P>
</TD></TR>
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8-K BNA (18Aug2017) (00461903).DOCX
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 18, 2017
CANNASYS, INC.
(Exact name of registrant as specified in its charter)
Nevada
000-54476
88-0367706
(State or other jurisdiction of
(Commission File Number)
(IRS Employer
incorporation or organization)
Identification No.)
1350 17th Street, Suite 150
Denver, Colorado
80202
(Address of principal executive offices)
(Zip code)
Registrant's telephone number, including area code:
Phone: (720) 420-1290
n/a
(Former name or former address, if changed since last report)
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:
[  ]
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 Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).
Emerging growth company [  ]
If an emerging growth company, indicate by check mark 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 August 18, 2017, we received proceeds of $47,250, net of transaction costs, from an 8% Convertible Promissory Note and Securities Purchase Agreement dated August 16, 2017, with BNA Investment Capital, LLC, a Wyoming limited liability company. The Securities Purchase Agreement provides for a promissory convertible note in the aggregate principal amount up to $275,000, in tranches of $50,000 each, with additional tranches in the sole discretion of the accredited investor. The note accrues interest at the rate of 8% per annum, and the maturity date for each tranche funded is 12 months from the effective date of its payment. The outstanding amounts funded under the promissory note are convertible into shares of CannaSys, Inc. common stock in accordance with its terms. These securities were issued in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving any public offering. BNA Investment Capital, LLC, is an "accredited investor" as defined in Rule 501(a) of Regulation D and confirmed the foregoing and acknowledged, in writing, that the securities were acquired and will be held for investment. No underwriter participated in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly in connection therewith.
ITEM 2.03—CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT
The information set forth in Item 1.01 is incorporated by reference in this Item 2.03.
ITEM 3.02—UNREGISTERED SALES OF EQUITY SECURITIES
The information set forth in Item 1.01 is incorporated by reference in this Item 2.03.
ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS
The following are filed as exhibits to this report:
Exhibit
Number*
Title of Document
Location
Item 10
Material Contracts
10.78
Securities Purchase Agreement between CannaSys, Inc., and BNA Investment Capital, LLC
Attached
10.79
Convertible Promissory Note up to $275,000 issued to BNA Investment Capital, LLC
Attached
_______________________________________
*
All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. Omitted numbers in the sequence refer to documents previously filed as an exhibit.
2
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.
CANNASYS, INC.
Dated: September 6, 2017
By:
/s/ Patrick G. Burke
Patrick G. Burke, Chief Executive Officer
3