CannaSys, Inc. (OTCPK:MJTK) signed a letter of intent to acquire CitizenToke from BetaKillers, LLC on May 9, 2016. CannaSys will launch CitizenToke in partnership with Duby, LLC. CannaSys signed definitive asset purchase agreement to acquire all the assets of CitizenToke from BetaKillers, LLC for $0.25 million on August 10, 2016. CannaSys will issue one million shares as a consideration for the transaction. The transaction is subject to approval by members of BetaKillers and approval by Board of CannaSys. The transaction is expected to close on or before August 15, 2016. Terrell W. Smith of Kruse, Landa, Maycock & Ricks, LLC acted as legal advisor for CannaSys. CannaSys, Inc. (OTCPK:MJTK) completed the acquisition of CitizenToke from BetaKillers, LLC on August 10, 2016.