The board of Cannagistics Inc. (OTCPK:CNGT) announced the spin-off of Global3pl, Inc. on September 26, 2019. Pursuant to the terms, shareholders of Cannagistics will receive 1 share of Global3pl for every 50 shares of Cannagistics. The record date is October 10, 2019. The spinout is approved by the board of Cannagistics. As per disclosure of March 18, 2020, Cannagistics has also been in discussions with the development team involved in the Global3pl project, specifically from Corengine, Inc. and its parent company I2Digitial, Inc., about a possible acquisition of Corengine, Inc. by Cannagistics on behalf of Global3pl, Inc. prior to the spin-off of Global3pl, Inc. It is anticipated that a letter of intent and/or definitive acquisition documents will be negotiated and completed prior to April 30, 2020. Accordingly, Cannagistics plans to conduct the registered spin-off in the next two months.