UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

~~Pursuant~~PURSUANT ~~to Section~~TO SECTION 13 or0R 15 (dD) ofOF ~~the Securities Exchange Act of 1934~~THE

~~February~~SECURITIES ~~12,~~EXCHANGE ~~2021~~ACT OF 1934

Date of Report (Date of earliest event reported) July 14, 2021

LABOR SMART, INC. (~~Date~~Exact name of ~~earliest~~registrant ~~event~~as ~~reported~~specified in its charter)

LABOR SMART INC.

Nevada		45-2433287
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

(Exact name of Registrant as specified in its Charter)

3270 Florence Road, Suite 200, Powder Springs, GA		30127
(Address of principal executive offices)		(Zip Code)

Nevada		000-54654		45-2433287
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

Registrant’s telephone number, including area 770-800-3728

~~3270~~Copies ~~Florence Road, Suite 200, Powder Springs, GA 30127~~to:

~~(Address~~Ken ~~of Principal Executive Offices)~~Bart

~~(770)~~Mitchell ~~800-3728~~Silberberg & Knupp LLP.

~~(Registrant’s~~437 ~~Telephone~~Madison ~~Number~~Avenue, ~~including area~~25th ~~code)~~Floor

~~Check~~New ~~the~~York, ~~appropriate~~NY ~~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 (see general instruction A.2. below):~~10022

[Tel: ~~] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14~~917-a546-12 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))7768

~~Item~~Check ~~1.01~~the ~~Entry~~appropriate ~~into~~box abelow if ~~Material~~the ~~Definitive~~Form ~~Agreement~~8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

On¨ ~~February~~Written ~~27,~~communications ~~2021,~~pursuant ~~Labor~~to ~~Smart,~~Rule ~~Inc.~~425 (under the ~~“Company”) entered~~Securities ~~into~~Act a(17 ~~Stock~~CFR ~~Purchase~~230.425) ~~Agreement~~¨ ~~(the~~Soliciting ~~“Agreement”)~~material ~~with~~pursuant ~~Takeover~~to ~~Industries,~~Rule ~~Inc.~~14a-12 (under the ~~“Seller”). Pursuant~~Exchange toAct ~~the~~(17 ~~Agreement,~~CFR ~~the~~240.14a-12) ~~Seller~~¨ ~~became~~Pre-commencement acommunications ~~wholly~~pursuant ~~owned~~to ~~subsidiary~~Rule of14d-2(b) under the ~~Company.~~Exchange InAct ~~consideration~~(17 ~~therefor,~~CFR ~~the~~240.14d-2(b)) ~~Company~~¨ ~~shall issue~~Pre-commencement ~~6,800,000,000~~communications ~~RESTRICTED~~pursuant ~~shares~~to ofRule ~~common~~13e-4(c) ~~stock~~under to the ~~shareholders~~Exchange ofAct ~~Takeover~~(17 ~~Industries,~~CFR ~~Inc~~240.13e-4(c))

~~Item~~Securities ~~2.01~~registered ~~Completion~~pursuant ofto ~~Acquisition~~Section or12(b) ~~Disposition~~ of the ~~Assets~~Act:

InTitle ~~connection with the Agreement and Exhibit A~~ of ~~the Agreement~~each inclass ~~Item~~Ticker ~~1.01,~~symbol(s) ~~the~~Name ~~Company disposed~~ of ~~Restore~~each ~~Franchise~~exchange ~~Group,~~on ~~LLC,~~which aregistered ~~wholly owned subsidiary.~~None

~~Item~~Indicate ~~5.01~~by ~~Changes~~check mark whether the registrant is an emerging growth company as defined in ~~Control~~Rule 405 of ~~Registrant~~the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

~~Pursuant~~Emerging togrowth ~~the~~company ~~Agreement and Exhibit A of the Agreement in Item 1.01, there has been a change in control of the Company, whereby Ryan Schadel no longer maintains voting control via Series A Preferred shares.~~¨

~~Item~~If ~~5.02~~an ~~Departure~~emerging ofgrowth ~~Directors~~company, orindicate ~~Certain~~by ~~Officers;~~check ~~Election~~mark if ofthe ~~Directors;~~registrant ~~Appointment~~has ofelected ~~Certain~~not ~~Officers;~~to ~~Compensatory~~use ~~Arrangements~~the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of ~~Certain~~the ~~Officers~~Exchange Act. ¨

~~Pursuant to the Agreement and Exhibit A of the Agreement~~Forward-Looking in Item 1.01, Joe Pavlik has been appointed as President and Chief Executive Officer of Labor Smart, Inc. Mr. Schadel, the outgoing President and Chief Executive Officer has agreed to stay in an advisory role as long as necessary for the Company to meet its interim goals and complete its registration and filings with OTC Markets Group to become “Pink Current”.Statements

~~Item~~This Current Report on Form 8-K and other written and oral statements made from time to time by us may contain so-called “forward-looking statements,” all of which are subject to risks and uncertainties.01 ~~Other~~Forward-looking ~~Events~~statements can be identified by the use of words such as “expects,” “plans,” “will,” “forecasts,” “projects,” “intends,” “estimates,” and other words of similar meaning. One can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address our growth strategy, financial results and product and development programs. One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our forward looking statements. These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward looking statement can be guaranteed and actual future results may vary materially.

OnInformation ~~March~~regarding 1,market ~~2021~~and industry statistics contained in this Current Report on Form 8-K is included based on information available to us that we believe is accurate. It is generally based on industry and other publications that are not produced for purposes of securities offerings or economic analysis. We have not reviewed or included data from all sources, and cannot assure investors of the ~~Registrant~~accuracy ~~issued~~or completeness of the data included ain ~~press~~this ~~release~~Current Report. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and the additional uncertainties accompanying any estimates of future market size, arevenue ~~copy~~and market acceptance of ~~which~~products isand ~~attached~~services. We ~~hereto~~do asnot ~~Exhibit~~assume 99any obligation to update any forward-looking statement.1 ~~and~~As isa ~~incorporated~~result, ~~herein~~investors byshould ~~reference~~not place undue reliance on these forward-looking statements.

Item 91.01 ~~Exhibits~~. Entry into a Material Definitive Agreement

Exhibit 99.1	Press release dated March 1, 2021
Exhibit 99.2	Acquisition Agreement

On July 14, 2021, Labor Smart, Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”), whereby the Company sold all of the assets and liabilities related to its staffing business the (“Staffing Business”) to the former Chief Executive Officer of the Company. The Company, pursuant to the Agreement, sold the Staffing Business for a purchase price of $500,000, $300,000 of which has been received by the Company, with the additional $200,000 to be received within 90 days from the date of the Agreement.

-The foregoing description of the above referenced Agreement does not purport to be complete. For an understanding of the terms and provisions, reference should be made to the Agreement attached as Exhibit 10.1 to this Current Report on Form 8-K.

~~SIGNATURES~~Item 2.01. Completion of Acquisition or Disposition of Assets.

~~Pursuant~~The toinformation ~~the~~described ~~requirements~~in ofItem ~~the~~1.01 ~~Securities Exchange~~above ~~Act~~is ofincorporated herein ~~1934,~~by ~~the~~reference ~~Company~~to ~~has duly caused~~ this ~~Report~~Item ~~to be signed on its behalf by the undersigned hereunto duly authorized~~2.01.

~~Dated:~~Item ~~March~~9.01 1,Financial ~~2021~~Statements and Exhibits.

~~LABOR~~(d) ~~SMART INC~~Exhibits. ~~By: /s/ Ryan Schadel Name: Ryan Schadel Title: Chief Executive Officer~~

In reviewing the agreements included or incorporated by reference as exhibits to this Current Report on Form 8-2K, please remember that they are included to provide you with information regarding their terms and are not intended to provide any other factual or disclosure about the Company or the other parties to the agreements. The agreements may contain representations and warranties by each of the parties to the applicable agreement. These representations and warranties have been made solely for the benefit of the parties to the applicable agreement and accordingly, these representations and warranties may not describe the actual state of affairs as of the date they were made or at any other time. Additional information about the Company may be found elsewhere in this Current Report on Form 8-K and in our other public filings, which are available without charge through the SEC’s website at http://www.sec.gov.

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Number		Description
10.1		Purchase and Sale Agreement.

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, thereunto duly authorized.

	LABOR SMART, INC.

Date: July 15, 2021	By:	/s/ Joe Pavlik
		Joe Pavlik
		Chief Executive Officer

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