<SEC-DOCUMENT>0001065949-20-000053.txt : 20200619
<SEC-HEADER>0001065949-20-000053.hdr.sgml : 20200619
<ACCEPTANCE-DATETIME>20200508160858
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ACCESSION NUMBER:		0001065949-20-000053
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200508

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CANNA Corp
		CENTRAL INDEX KEY:			0001582962
		STANDARD INDUSTRIAL CLASSIFICATION:	TOBACCO PRODUCTS [2100]
		IRS NUMBER:				463289369
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		8358 WEST OAKLAND PARK BLVD.
		STREET 2:		SUITE 300
		CITY:			SUNRISE
		STATE:			FL
		ZIP:			33323
		BUSINESS PHONE:		954-406-0750

	MAIL ADDRESS:	
		STREET 1:		8358 WEST OAKLAND PARK BLVD.
		STREET 2:		SUITE 300
		CITY:			SUNRISE
		STATE:			FL
		ZIP:			33323

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MINING POWER GROUP, INC.
		DATE OF NAME CHANGE:	20180226

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST INTERCONTINENTAL TECHNOLOGY, INC.
		DATE OF NAME CHANGE:	20171227

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERCONTINENTAL TECHNOLOGY, INC.
		DATE OF NAME CHANGE:	20171218
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">CANNA CORPORATION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">8358 West Oakland Park Blvd., Suite 300, Sunrise, Florida 33323</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">954-406-0750</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">May 8, 2020</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">US Securities and Exchange Commission</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">100 F St. NE</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Washington D.C.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>Re: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canna
Corp.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><B>Current Report on Form 8-K</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><B>Filed March 17, 2020</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0.5in"><B>File No. 000-55788</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Dear Mr. Chinos,</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Canna Corp. (the &ldquo;Company&rdquo;) is in receipt of the SEC
staff&rsquo;s (the &ldquo;Staff&rdquo;) letter dated March 23, 2020 with regard to the above referenced filing. The Staff&rsquo;s
comment was:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in">Please revise your current report on Form 8-K to provide
the information required by Item 2.01(f) of Form 8-K and the related financial information required by Item 9.01 of Form 8-K for
Agra Nutraceuticals Corporation.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><U>Response</U>:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Item 2.01(f) states:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1in">if the registrant was a shell company, other than a business
combination related shell company, as those terms are defined in Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2), immediately
before the transaction, the information that would be required if the registrant were filing a general form for registration of
securities on Form 10 under the Exchange Act reflecting all classes of the registrant&rsquo;s securities subject to the reporting
requirements of Section 13 (15 U.S.C. 78m) or Section 15(d) (15 U.S.C. 78o(d)) of such Act upon consummation of the transaction.
Notwithstanding General Instruction B.3. to Form 8-K, if any disclosure required by this Item 2.01(f) is previously reported, as
that term is defined in Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2), the registrant may identify the filing in which that
disclosure is included instead of including that disclosure in this report.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Item 9.01(c) then requires the audited financial statements and
pro forma financial statements be filed with the initial report.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">However, if the Company were not a shell company then the audited
financial statements and pro forma financial statements required by Item 9.01(a) allows for such information to be filed 71 days
after the filing of the initial report if the Company is not a shell company.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">The Company does not believe that it was a shell company within
the definition of Rule 405 and therefore believes that it is subject to the requirements of Item 9.01(a)(4) and not 9.01(c).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 6pt 0 0">The definition of a shell company as defined in Rule 405 under
the Securities Act of 1933 as well as Release 33-8587, is whether the entity has no or nominal operations and no or nominal assets.
Neither the release nor the Act requires that a company meet both requirements of Rule 405 so as not to be considered a shell.
The Rule states:</P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">CANNA CORPORATION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">8358 West Oakland Park Blvd., Suite 300, Sunrise, Florida 33323</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">954-406-0750</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 6pt 0 0 0.5in">The term <B><I>shell </I></B>company means a registrant
.. . . that has:</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0 0 0 0.85in; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">1.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11pt">No or nominal operations; <B>and</B></FONT></FONT></P>

<P STYLE="font: 12pt/13.75pt Times New Roman, Times, Serif; margin: 0.35pt 0 0 0.85in; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">2.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="font-size: 11pt; letter-spacing: -0.25pt">Either:</FONT></P>

<P STYLE="font: 12pt/13.65pt Times New Roman, Times, Serif; margin: 0 0 0 1.2in; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">i.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 11pt">No or nominal assets;</FONT></FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0 0 0 1.2in; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">ii.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="font-size: 11pt">Assets consisting solely of cash and cash equivalents; or</FONT></P>

<P STYLE="font: 12pt/13.75pt Times New Roman, Times, Serif; margin: 0.1pt 1.05in 0 85.5pt; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">iii.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="font-size: 11pt">Assets consisting of any amount of cash and cash equivalents and nominal other assets.</FONT></P>

<P STYLE="font: 11pt/13.75pt Times New Roman, Times, Serif; margin: 14.15pt 0 0">Thus, in order to be considered a shell, a company
must have &ldquo;no or nominal operations&rdquo; <B><I>and </I></B>one of the other qualifications listed in part 2, such as &ldquo;no
or nominal assets.&rdquo; The Securities and Exchange Commission has made itself clear within footnote 172 of Release No. 33-8869
&ldquo;indicating that Rule 144 (i)(1)(i) is not intended to capture a &lsquo;startup company,&rsquo; or, in other words, a company
with limited operating history, in the definition of a reporting or non-reporting shell company&rdquo; because the company does
not meet the conditions of having &ldquo;no or nominal operations.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">During the 12 months prior to the filing of the 8-K the Company
was engaged in the business of cryptocurrency mining through Northway Mining, a majority owned subsidiary. After the sale of its
interest in Northway Mining the Company began its acquisition of Agra Nutraceuticals. It is evident that the Company began its
transition to its current business model prior to the disposition of the Northway Mining interests as it changed its name to &ldquo;Canna
Corporation&rdquo; on April 4, 2019, prior to the sale of Northway Mining interests. Thus, it had operations during the time that
it was moving from the business of Northway to the business of Agra.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">As it was not a shell company, the Company should be afforded the
timeframe set forth in Item 9 of Form 8-K that would allow the Company to file the financial statements of the business acquired
on or before May 27, 2020.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Notwithstanding the forgoing, the audit of the financial statements
of Agra Nutraceuticals is in progress and the Company intends to file an amendment to its report of Form 8-K including the statements
and the pro-forma financial statements required by Item 9.01(a) as soon as possible.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Should you have any additional questions or comments please contact
our counsel, Jonathan Leinwand at 954-903-7856 or jonathan@jdlpa.com.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Very Truly Yours,</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">CANNA CORPORATION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">By: /s/ Alessandro Ceruti</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">________________________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Alessandro Ceruti, CEO</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


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