Allied Corp.

Overview

• IndustryRetail-Catalog & Mail-Order Houses¹
• HeadquartersKelowna, Canada¹
• Incorporated inNV³
• Business addressSuite 200-460 Doyle Ave, Kelowna, A1 V1Y Oc2³
• Filer category, Emerging growth company³
• Legal formCorporation

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Allied Corp. is an international cannabis company with its main production center in Colombia, is one of the few companies that has exported from Colombia internationally, and among the first company to export commercial cannabis flower from Colombia. By leveraging the Colombian advantages and its Canadian cannabis cultivation expertise, Allied offers consistent supply of premium cannabis product at scale and attractive prices, while meeting high quality standards, thus significantly de-risking its partners supply chain.⁴ From its latest annual report

What it owns

What Allied Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Inventory

Properties, in its own words

Bucamaranga, Colombia

The Company’s 100% owned subsidiary, Allied Colombia, S.A.S., has secured vast agricultural land extension in Bucamaranga, a key production farming region of Colombia. Both areas have the benefit of having 12 hours of sunlight year-round, temperatures oscillating between 20-30 degrees celsius, with constant humidity. This environment and situation ideal to growing cannabis at low cost. The Ibague land has an area of 1,400 hectares (about 3,450 acres), all with water rights, an electrical substation, and great paved access to the property. This is situated in close proximity to the free trade zone. The Company currently has a lease arrangement for 5 hectares and a cost of $1,600 per month with an option to purchase. Further, the Company has the ability to expand its leased land footprint to the adjacent 24-hectare property.

Item 2 of the 10-K filed Dec 16, 2024.⁴

Leadership

Who has led Allied Corp., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerCalum Hughes Sep 27, 2019 to Sep 27, 2019¹⁵
• Chief operating officerPaul James Bullock Oct 3, 2019 to Oct 3, 2019¹⁶

Named in SEC Form D filings

People the company listed in its private-offering notices.

• Executive OfficerMichael Moses named Aug 9, 2024¹⁹
• Executive Officer, DirectorJim Smeeding named Nov 15, 2021 to Oct 5, 2023²⁰
• Executive OfficerRyan Maarschalk named Nov 15, 2021 to Oct 5, 2023²⁰
• DirectorJames Smeeding named Aug 9, 2024¹⁹
• DirectorSantiago Ribero named Oct 5, 2023²⁰

Former names

• COSMO VENTURES INCMay 28, 2013 to Jul 2, 2019³

Timeline

1. Feb 5, 20258-K Executive or director change²¹
2. Jan 22, 20258-K Other events²²
3. Nov 18, 20248-K Other events²³
4. Oct 15, 20248-K Entered a material agreement²⁴
5. Sep 24, 20248-K Other events²⁵
6. Sep 13, 20248-K Executive or director change²⁶
7. Jul 1, 20248-K Other events²⁷
8. Mar 27, 20248-K Executive or director change; Other events²⁸
9. Dec 5, 20238-K Entered a material agreement²⁹
10. Dec 5, 20238-K Entered a material agreement³⁰
11. Dec 5, 20238-K Entered a material agreement³¹
12. Jul 27, 20228-K Change of auditor³²
13. Sep 27, 2019New chief executive Calum Hughes becomes CEO¹⁵

Filings

64 filings to the SEC since October 2021: 7 annual reports, 12 quarterly reports, 14 major events, 1 insider forms, 5 private raises, 25 other. The latest 20:

1. Feb 11, 202515-12G EDGAR
2. Feb 5, 20258-K EDGAR
3. Feb 3, 202525 EDGAR
4. Jan 22, 20258-K EDGAR
5. Jan 14, 202510-Q EDGAR
6. Dec 18, 202410-K/A EDGAR
7. Dec 16, 202410-K EDGAR
8. Nov 29, 2024NT 10-K EDGAR
9. Nov 18, 20248-K EDGAR
10. Oct 15, 20248-K EDGAR
11. Sep 24, 20248-K EDGAR
12. Sep 13, 20248-K EDGAR
13. Aug 9, 2024D/A EDGAR
14. Aug 8, 2024D EDGAR
15. Jul 18, 202410-Q EDGAR
16. Jul 16, 2024NT 10-Q EDGAR
17. Jul 1, 20248-K EDGAR
18. Apr 19, 202410-Q EDGAR
19. Apr 15, 2024NT 10-Q EDGAR
20. Mar 27, 20248-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

1. Apr 10, 2024Raised $500,000 in a private offering of equity¹⁹ Form D: 1 investor so far Form D
2. Jul 6, 2023Raised $761,328 in a private offering of equity²⁰ Form D: $1.5 million offered in all Form D
3. Jul 16, 2021Raised $3.2 million in a private offering of equity³³ Form D: $5.2 million offered in all Form D
4. Jul 20, 2018Raised $1.5 million in a private offering of equity³⁴ Form D: $1.5 million offered in all Form D

SEC filer profile

How Allied Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARAllied Corp.¹
• CIK0001575295
• Employer ID (EIN)33-1227173¹
• Filer status<br>emerging growth company¹
• Incorporated inNevada¹
• Fiscal year endsAugust 31¹
• Industry code (SIC)5961 Retail-Catalog & Mail-Order Houses¹
• SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance¹
• Business addressSuite 200-460 Doyle Ave, Kelowna, A1 V1Y OC2¹
• Phone877-255-4337¹
• Shares outstanding115,495,384 as of Dec 16, 2024²
• Public float$10.7M as of Aug 31, 2024²
• On EDGAR sinceMay 28, 2013¹
• Filings164 in all: 10-Q (33), 8-K (28), NT 10-Q (17), 10-K (11), D (11), UPLOAD (10), NT 10-K (7), SC 13G (5)¹
  All 33 form types

  10-K/A (4), 3 (4), CORRESP (4), 10-Q/A (3), 8-K/A (3), S-1/A (3), 1-A (2), 1-A/A (2), 1-A-W (1), 10-KT (1), 15-12G (1), 25 (1), 4 (1), 424B3 (1), 8-A12G (1), 8-A12G/A (1), D/A (1), DEF 14A (1), DEFR14A (1), EFFECT (1), NT 10-K/A (1), NTN 10K (1), QUALIF (1), S-1 (1), SC 13D (1)

• Latest filingsAnnual report (10-K) Dec 16, 2024
  Quarterly report (10-Q) Jan 14, 2025
  Proxy statement (DEF 14A) Jul 2, 2019
  Latest 8-K (8-K) Feb 5, 2025

Risk factors and legal proceedings

The risks Allied Corp. names in Item 1A of its 10-K filed Dec 16, 2024: 60 risks under these headings, as written.⁴

• Risks Related to Our Operations
• We have a history of operating losses and our management has concluded that factors raise substantial doubt about our ability to continue as a going concern and our auditor has included an explanatory paragraph relating to its ability to continue as a going concern in their audit report for the years ended August 31, 2024 and 2023.
• We may need additional capital in the future in order to continue our operations.
• The occurrence or resurgence of global or regional health events, such as the COVID-19 outbreak or similar pandemics could adversely affect our operations.
• We launched our cannabis products in 2019 in an initially limited fashion and as a company, we have limited sales and marketing experience.
• Recent and future acquisitions and strategic investments could be difficult to integrate, divert the attention of key management personnel, disrupt our business, dilute shareholder value, and harm our results of operations and financial condition.
• Certain conditions or events could disrupt the Company’s supply chains, disrupt operations, and increase operating expenses.
• We will depend on a limited number of customers for the majority of our revenue, and the loss of any one of these customers could substantially reduce our revenue and impact our liquidity.
• Demand for cannabis and derivative products could be adversely affected and significantly influenced by scientific research or findings, regulatory proceedings, litigation, media attention or other research findings.
• Damage to the Company’s reputation can be the result of the actual or perceived occurrence of any number of events, and could include any negative publicity, whether such publicity is accurate or not.
• We are subject to the inherent risks involved with product recalls.
• The Company’s products could have unknown side effects.

Legal proceedings

Other than the legal proceedings in Nevada involving retrieving our asset from the bankruptcy proceedings of another company as described under “Business”, we are not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties.

As of the date of this report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. We are not aware of any other legal proceedings pending or that have been threatened against us or our properties.

From time to time the Company may be named in claims arising in the ordinary course of business. Currently, no legal proceedings or claims, other than those disclosed above, are pending against or involve the Company that, in the opinion of management, could reasonably be expected to have a material adverse effect on its business and financial condition. The company doesn’t have any material updates on this matter beyond what is stated.

The opening of Item 3, Legal Proceedings.⁴