UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________

FORM 10-K

_______________

☑	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the Fiscal Year Ended March 31, 2020
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT

	For the Transition Period from ________ to _________

☑	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the Fiscal Year Ended March 31, 2019
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT
	For the Transition Period from ________ to _________

MOUNTAIN HIGH ACQUISITIONS CORP.

(Exact name of registrant as specified in its charter)


Colorado	333-175825	27-3515499
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification Number)
	6501 E Greenway Parkway, #103-412 Scottsdale AZ 85254
	(Address of principal executive offices)
	(760) 413-3927
	(Registrant’s Telephone Number)

Securities registered under Section 12(b) of the Exchange Act: None

Securities registered under Section 12(g) of the Exchange Act:

(Title of each Class)

Common Stock $0.0001 par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☑

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ☐ Accelerated Filer ☐ ~~Non-Accelerated Filer ☐ Smaller Reporting Company ☑ Emerging Growth Company ☑~~

Non-Accelerated Filer ☐ Smaller Reporting Company ☑

Emerging Growth Company ☑

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant is $31,~~937~~272,~~765~~993 based upon the price $0.~~0283~~008 at which the common stock was last sold as of the last business day of the most recently completed fourth fiscal quarter, multiplied by the approximate number of shares of common stock held by persons other than executive officers, directors and five percent stockholders of the registrant without conceding that any such person is an “affiliate” of the registrant for purposes of the federal securities laws. Our common stock is traded in the over-the-counter market and quoted on the Over-The-Counter Bulletin Board under the symbol “MYHI.”

As of June 2429, ~~2019~~2020, there were ~~211~~450,~~344~~510,~~521~~432 shares of the registrant’s $0.~~001~~0001 par value common stock issued and outstanding.

Documents incorporated by reference: None

Table of Contents

		Page
	PART I
Item 1	Business	4
Item 1A	Risk Factors	5
Item 1B	Unresolved Staff Comments	5
Item 2	Properties	5
Item 3	Legal Proceedings	5
Item 4	Mine Safety Disclosures	5
	PART II
Item 5	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	67
Item 6	Selected Financial Data	67
Item 7	Management's Discussion and Analysis of Financial Condition and Results of Operations	713
Item 7A	Quantitative and Qualitative Disclosures about Market Risk	913
Item 8	Financial Statements and Supplementary Data	1013
Item 9	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	2331
Item 9A	Controls and Procedures	2331
Item 9B	Other Information	2331
	PART III
Item 10	Directors and Executive Officers and Corporate Governance	2432
Item 11	Executive Compensation	2635
Item 12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	2736
Item 13	Certain Relationships, Related Transactions and Director Independence	2837
Item 14	Principal Accounting Fees and Services	2837
	PART IV
Item 15	Exhibits	2939

FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “foresee,” “estimate” and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted. These risks and uncertainties include the following:

The availability and adequacy of our cash flow to meet our requirements;

Economic, competitive, demographic, business and other conditions in our local and regional markets;

Changes or developments in laws, regulations or taxes in our industry;

Actions taken or omitted to be taken by third parties including our competitors, as well as legislative, regulatory, judicial and other governmental authorities;

Competition in our industry;

The loss of or failure to obtain any license or permit necessary or desirable in the operation of our business;

Changes in our business strategy, capital improvements or development plans;

The availability of additional capital to support capital improvements and development; and

Other risks identified in this report and in our other filings with the Securities and Exchange Commission or the SEC.

This report should be read completely and with the understanding that actual future results may be materially different from what we expect. The forward looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Use of Term

Except as otherwise indicated by the context hereof, references in this report to “Company,” “MYHI,” “we,” “us” and “our” are references to Mountain High Acquisitions Corp. All references to “USD” or United States Dollars refer to the legal currency of the United States of America.

PART I

ITEM

1. BUSINESS

History

~~The~~Prior to January 1, 2020, the Company iswas in the business of providing infrastructure assets to licensed producers, processors and retailers engaged in the cannabis industry. Due to the restrictive regulatory and operational challenges the Company faced in that business it was decided to pivot away from cannabis and instead focus on opportunities in the hemp industry. The Company plans to acquire ~~further~~ assets such as equipment, real estate and ~~technologies~~operating ~~beyond~~entities ~~those~~engaged ~~described~~in ~~below~~hemp ~~through~~related ~~the~~activities ~~use~~and ofto ~~cash~~repurpose ~~flow~~its ~~generated~~existing byassets for use in hemp operations.

In May 2017, the Company formed MYHI-AZ to acquire equipment to service the growing cannabis industry ~~in Arizona~~. In September 2017, the Company entered into a consulting ~~agreement~~ agreement with D9 Manufacturing, "D9," to provide D9 customers with infrastructure equipment. Also, in September 2017, MYHI-AZ purchased 2 intermodal grow containers ~~(the “Containers”)~~ from D9 to be used in a grow operation in Arizona. MYHI-AZ leased the ~~Containers~~grow tocontainers to D9 for 3 years with the right to extend the lease for an additional 2 years. The lease began August 15, 2017. The lease provided for a monthly lease rate of $20,000 a month and required advance ~~refundable~~payment ~~payments by MYHI-AZ~~ for operating supplies and expenses. The monthly lease rate was recorded as Revenue and an Account Receivable while the advances were recorded as Other Receivable. The monthly lease payments were to commence on harvesting of the first crop. The containers were planted in October 2017 with an expected harvest in January 2018. The initial grow operation encountered a power failure which ultimately resulted in the loss of the crop. The loss of this crop resulted in a deferral of collection of the lease rental payments and the operating cost payments. The power failure highlighted electrical issues with the facility where the containers were being used and improvements to the containers that could be made. The container improvements and facility power requirement issue took months to resolve.

Effective June 115, 2018, MYHI-AZ and D9 agreed to convert the current amount due under the operating lease, representing $150,000 in lease payments and $22,294 in operating expenses, into a $135,000 note payable, (the "Note"), with a term of 3 years and an interest rate of 7% per annum, and to capitalize $35,000 for improvements to the containers ~~that had been made by D9~~. The first payment on the Note was due October 3, 2018. ~~All payments required under the Note have been made as of the date of this report.~~ The Parties also agreed to terminate the current lease effective March 31, 2018 and replace it with a new lease beginning July 1, 2018 with lease payments of $5,000~~.00~~ per month beginning November 1, 2018. This replacement lease was terminated on March 31, 2019 as D9 was unable to successfully complete a harvest. due to the ongoing power problems and a shift in the focus of their company to extraction only. The Note however remains in full force and effect. During the three month period ended June 30, 2019, the Company decided to sell the containers to generate capital to finance its own change in focus to extraction. On August 20, 2019, the Company completed the sale of the containers for proceeds of $100,000 (see note 5 to the financials).

~~Effective~~On ~~March~~August 3118, ~~2019~~ 2018, the Company ~~and~~entered D9into an Exchange Agreement (the “Exchange Agreement”) with Alchemy Capital LLC (“Alchemy”) ~~mutually~~pursuant to which Alchemy, the sole shareholder of One Lab Co (“Labco”), agreed to ~~terminate~~exchange 100% of the ~~new~~capital ~~lease~~stock of ~~due~~Labco tofor ~~continuing~~88,000,000 ~~power~~restricted ~~issues~~shares atof the ~~grow~~Company ~~facility~~(the “MYHI Shares”). The Exchange Agreement called for the issuance of 20,000,000 MYHI Shares at Closing and 68,000,000 MYHI Shares after certain equipment under order by Labco at the time (the “Equipment”) was delivered pursuant to a ~~change~~Lease inAgreement ~~D9’s~~(the ~~business~~“Lease”) between Labco and Workforce ~~operations~~Labor Solutions, LLC (“the Lessee”) . InThe ~~consideration~~Equipment ~~for~~consists of a state-of-the-art ~~early~~intermodal ~~termination~~extraction laboratory, engineered and designed specifically for processing cannabis. The Lease calls for monthly payments of ~~the~~$25,000 ~~lease~~and has a five year term commencing November 1, D92018 ~~agreed~~with an option to ~~pay~~renew for ~~the~~a ~~removal~~second five year term. As of March 31, 2020, the ~~containers~~Lessee towas ain ~~location~~arrears ofon the lease. The Company’s ~~choice~~has ~~and~~been toin ~~return~~constant ~~280,000~~discussion ~~MYHI~~with ~~shares~~the ~~issued~~Lessee regarding this delinquency but has been unable to D9come to ~~pursuant~~a resolution of the matter. The Company intends to terminate the ~~consulting~~lease agreement ofimmediately ~~September~~and to relocate the equipment at ~~2017~~the earliest opportunity.

OnIn ~~August~~conjunction with ~~18, 2018~~ the ~~Company~~acquisition ~~entered~~of ~~into~~One anLab ~~Exchange~~Co ~~Agreement (the~~and ~~“Exchange~~its ~~Agreement”)~~tangible ~~with~~assets ~~Alchemy~~including ~~Capital~~the ~~LLC~~Equipment ~~(“Alchemy”)~~and ~~pursuant~~the ~~to which Alchemy~~Lease, the ~~sole~~Company ~~shareholder~~also acquired intangible ofassets ~~One~~such ~~Lab~~as Coindustry ~~(“Labco”)~~relationships, ~~agreed~~access to ~~exchange 100% of the~~ capital ~~stock~~resources ofand ~~Labco~~acquisition ~~for~~opportunities. ~~88,000,000~~These ~~restricted~~intangible ~~shares~~assets ofwere ~~the~~classified ~~Company~~as ~~(the~~Goodwill. “MYHI ~~Shares”).~~issued ~~The Exchange Agreement called for~~ the ~~issuance of 20~~88,000,000 ~~MYHI~~shares ~~Shares~~of atrestricted ~~Closing and~~common ~~68,000,000~~stock ~~MYHI~~in ~~Shares~~accordance ~~after~~with ~~certain~~the ~~equipment~~terms ~~under~~of ~~order by Labco at~~ the ~~time (the “Equipment”) was delivered~~Exchange ~~pursuant to a Lease~~ Agreement ~~(the “Lease”) between Labco~~ and ~~Workforce~~recorded ~~Labor~~the ~~Solutions,~~acquisition ~~LLC~~of (“the ~~Lessee”) . The~~ Equipment ~~consists~~at of a ~~state-of-the-art~~cost ~~intermodal~~value ~~extraction~~of ~~laboratory~~$159,666 ~~engineered~~ and ~~designed~~Goodwill ~~specifically for processing cannabis. The Lease calls for monthly payments~~ of $254,~~000 and has a five year term commencing November 1~~605,134. ~~2018~~As ~~with~~of anMarch ~~option to~~31, ~~renew~~2019, ~~for~~the aintangible ~~second~~asset ~~five~~was ~~year~~fully ~~term~~impaired.

In conjunction with the acquisition of One Labco and its tangible assets including the Equipment and the Lease, the Company also acquired intangible assets such as industry relationships, access to capital resources and acquisition opportunities. These intangible assets were classified as Goodwill.

MYHI issued the 88,000,000 shares of restricted common stock in accordance with the terms of the Exchange Agreement and recorded the acquisition of the Equipment at a cost value of $159,666 and Goodwill of $4,605,134.

On December 31, 2018, the Company reviewed the valuation of the intangible assets acquired. While satisfied that the Company would continue to realize value from them, the Company decided to write Goodwill down to $1,200,000. This amount reflected the discounted value of the Lease. At that time, the Lease was in good standing with all required lease payments up to date.

On May 31, 2019, the Company conducted a further review of the intangible assets. At that date, the Lease was four months in arrears. While the Company believes that the Lease payments will be brought current in the near future, it decided to record an additional impairment of $1,200,000 to Goodwill, bringing its balance to $nil.

Property Acquisitions

~~None~~On May 8, 2020, The Company and Trilogy Capital, LLC entered into an Exchange Agreement pursuant to which the Company agreed to purchase from Trilogy all of the capital stock of GPS Associates, Inc., a Delaware corporation ("GPS") in exchange for 215,250,000 restricted shares of the Company (the “MYHI Shares"). Dr. Judy Pham is the sole member and manager of Trilogy. Dr Pham is also the sole member and manager of Alchemy Capital LLC ("Alchemy") which owns 53,727,273 shares of the Company's Common Stock. The audited financial statements of GPS consisting of balance sheets as of December 31, 2019 and 2018 and for the applicable interim periods and the related statements of operations, stockholders equity and cash flows for the years and interim periods then ended together with proforma financial statements consisting of proforma unaudited combined balance sheets as of December 31, 2019 and interim period and unaudited proforma combined statement of operations for the year ended December 31, 2019 and interim period will be filed pursuant to the rules according to the Current Report on the from 8-K announcing this transaction.

As of the date of the Exchange Agreement, May 8, 2020, based on the closing price, the 215,250,000 shares issued were valued at $1,650,000.

On May 13, 2020, the Exchange was consummated.

Intellectual Property

The Company does not own any intellectual property and has yet to incur any expenses for research and development other than as disclosed herein.

Employees

As of the date of this Report, the Company has no full-time employees or part-time employees. Our officers and directors have consulting agreements with the Company to serve in these capacities. We intend to increase the number of our employees and consultants to meet our needs as the Company grows.

WHERE YOU CAN GET ADDITIONAL INFORMATION

We file annual, quarterly and current reports, proxy statements and other information with the SEC. You may read and copy our reports or other filings made with the SEC at the SEC’s Public Reference Room, located at 100 F Street, N.W., Washington, DC 20549. You can obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. You can also access these reports and other filings electronically on the SEC’s web site, www.sec.gov.

ITEM 1A.

RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 1B.

UNRESOLVED STAFF COMMENTS

None.

ITEM 2.

PROPERTIES

Our principal executive office is located at 6501 E Greenway Parkway, Suite 103-412, Scottsdale, AZ 85254. Currently, this space is sufficient to meet our needs. If we require additional space, we do not foresee any significant difficulties in obtaining additional space.

ITEM 3.

LEGAL PROCEEDINGS

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which our director, officer or any affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

ITEM 4.

MINE SAFETY DISCLOSURES

Not applicable.

PART II

ITEM 5.

Market for the Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Common Stock

Our Common Stock is currently quoted on the OTCQB, under the trading symbol "MYHI". Because we are quoted on the OTCQB, our securities may be less liquid, receive less coverage by security analysts and news media, and generate lower prices than might otherwise be obtained if they were listed on a national securities exchange.

The following table sets forth the high and low bid prices for our Common Stock per quarter for the past two years as reported by the OTC Markets based on our fiscal year end March 31. These prices represent quotations between dealers without adjustment for retail mark-up, markdown or commission and may not represent actual transactions.

		High	Low
Year Ended March 31, 2020
	Quarter Ended March 31, 2020	0.0340	0.0055
	Quarter Ended December 31, 2019	0.0122	0.0060
	Quarter Ended September 30, 2019	0.0169	0.0099
	Quarter Ended June 30, 2019	0.0303	0.0120
Year Ended March 31, 2019
~~Quarter Ended March 31, 2019~~	Quarter Ended March 31, 2019	0.0550	0.0280
~~Quarter Ended December 31, 2018~~	Quarter Ended December 31, 2018	0.0850	0.0380
~~Quarter Ended September 30, 2018~~	Quarter Ended September 30, 2018	0.1050	0.0500
~~Quarter Ended June 30, 2018~~	Quarter Ended June 30, 2018	0.1530	0.0520
Year Ended March 31, 2018
	Quarter Ended March 31, 2018	0.45	0.0561
	Quarter Ended December 31, 2017	0.173	0.0385
	Quarter Ended September 30, 2017	0.1494	0.06
	Quarter Ended June 30, 2017	0.22	0.0826

Record Holders

As of March 31, ~~2019~~2020, an aggregate of ~~203~~220,~~832~~685,~~914~~606 shares of our Common Stock were issued and outstanding and were owned by approximately 86 holders of record, based on information provided by our transfer agent.

Recent Sales of Unregistered Securities

~~None~~On April 23, 2020, the Company entered into a Securities Purchase Agreement with Trilogy Capital LLC (“Trilogy”) pursuant to which the Company agreed to issue 11,750,000 of its restricted common shares (the “MYHI Shares”) to Trilogy and Trilogy agreed to purchase the MYHI Shares for $94,000. The proceeds from the sale of the MYHI Shares were used to pay the outstanding obligations of the Company under a Convertible Promissory Note dated April 24, 2019 issued to St. George Investments, LLC.

On May 8, 2020, The Company and Trilogy entered into an Exchange Agreement pursuant to which the Company agreed to purchase from Trilogy all of the capital stock of GPS Associates, Inc., a Delaware corporation ("GPS") in exchange for 215,250,000 restricted shares of the Company (the “MYHI Shares"). Dr. Judy Pham is the sole member and manager of Trilogy. Dr Pham is also the sole member and manager of Alchemy Capital LLC ("Alchemy") which owns 53,727, 273 shares of the Company's Common Stock. The audited financial statements of GPS consisting of balance sheets as of December 31, 2019 and 2018 and for the applicable interim periods and the related statements of operations, stockholders equity and cash flows for the years and interim periods then ended together with proforma financial statements consisting of proforma unaudited combined balance sheets as of December 31, 2019 and interim period and unaudited proforma combined statement of operations for the year ended December 31, 2019 and interim period will be filed pursuant to the rules according to the Current Report on the from 8-K announcing this transaction.

Re-Purchase of Equity Securities

None.

Dividends

We have not paid any cash dividends on our common stock since inception and presently anticipate that all earnings, if any, will be retained for development of our business and that no dividends on our common stock will be declared in the foreseeable future. Any future dividends will be subject to the discretion of our Board of Directors and will depend upon, among other things, future earnings, operating and financial condition, capital requirements, general business conditions and other pertinent facts. Therefore, there can be no assurance that any dividends on our common stock will be paid in the future.

Securities Authorized for Issuance Under Equity Compensation Plans

The Company has not authorized any securities for issuance under an Equity Compensation Plan.

ITEM 6.

SELECTED FINANCIAL DATA

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

ITEM 7.

Management's Discussion and Analysis oF FINANCIAL CONDITION AND rESULTS of OperationS

~~This Annual Report on~~Important ~~Form~~Information ~~10-K~~Concerning ~~contains forward~~Forward-~~looking~~Looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “foresee,” “estimate” and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted. You should read this report completely and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report. We will not update forward-looking statements even though our situation may change in the future and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.Statements

Certain statements in this Management’s Discussion and Analysis section or MD&A, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. These forward-looking statements generally are identified by the words “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “approximately,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although the absence of these words does not necessarily mean that a statement is not forward-looking. Historical results may not indicate future performance. Our forward-looking statements reflect our current views about future events, are based on assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by these statements. Factors that may cause differences between actual results and those contemplated by forward-looking statements include, but are not limited to, the risk factors described in this report. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether because of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

Overview and History

Mountain High Acquisitions Corp. (“Mountain High,” “we,” “us,” or the “Company”) was incorporated in the State of Colorado on September 22, 2010, under the name Wireless Attachments, Inc.

On March 11, 2014, the Company’s name changed from Wireless Attachments, Inc. to Mountain High Acquisitions Corp. Additionally, the Company’s ticker symbol, as of the open of business on March 12, 2014, changed from “WRSS” to “MYHI.”

Prior to January 1, 2020, the Company was in the business of providing infrastructure assets to licensed producers, processors and retailers engaged in the cannabis industry. Due to the restrictive regulatory and operational challenges the Company faced in that business it was decided to pivot away from cannabis and instead focus on opportunities in the hemp industry.

The Company plans to acquire assets such as equipment, real estate and operating entities engaged in hemp related activities and to repurpose its existing assets for use in hemp operations. As discussed below, the Company has acquired a company (GPS) engaged in the formulation, manufacturing, branding, fulfillment and distribution of hemp-derived CBD products at its cGMP, FDA-registered facility in Santa Ana, California. GPS's continually expanding product offering is sold directly to consumers online as well as through wholesale partners (both online and brick and mortar stores) under its retail brand name, Zen Drops. The product offering includes tinctures, salves, gummies, transdermal patches and oral thin films.

In May 2017, the Company formed MYHI-AZ to acquire equipment to service the growing cannabis industry in Arizona. In September 2017, the Company entered into a consulting agreement with D9 Manufacturing, "D9," to provide D9 customers with infrastructure equipment. Also, in September 2017, MYHI-AZ purchased 2 intermodal grow containers (the “Containers”) from D9 to be used in a grow operation in Arizona. MYHI-AZ leased the Containers to D9 for 3 years with the right to extend the lease for an additional 2 years. The lease began August 15, 2017. The lease provided for a monthly lease rate of $20,000 a month and required advance refundable payments by MYHI-AZ for operating supplies and expenses. The monthly lease payments were to commence on harvesting of the first crop. The containers were planted in October 2017 with an expected harvest in January 2018. The initial grow operation encountered a power failure which ultimately resulted in the loss of the crop. The loss of this crop resulted in a deferral of collection of the lease rental and operating cost payments. The power failure highlighted electrical issues with the facility where the containers were being used and improvements to the containers that could be made.

Effective June 5, 2018, MYHI-AZ and D9 agreed to convert the current amount due under the operating lease, representing $150,000 in lease payments and $22,294 in operating expenses, into a $135,000 note payable, (the "Note"), with a term of 3 years and interest rate of 7% per annum, and to capitalize $35,000 for improvements to the containers. The first payment on the Note was due October 3, 2018. The Parties also agreed to terminate the current lease effective March 31, 2018 and replace it with a new lease beginning July 1, 2018 with lease payments of $5,000 per month beginning November 1, 2018. This replacement lease was terminated on March 31, 2019 as D9 was unable to successfully complete a harvest. due to the ongoing power problems and a shift in the focus of their company to extraction only. The Note however remains in full force and effect. During the period ended June 30, 2019, the Company decided to sell the containers to generate capital to finance its own change in focus to extraction. On August 20, 2019, the Company completed the sale of the containers for proceeds of $100,000 (see note 5 to the financials).

On August 18, 2018, the Company entered into an Exchange Agreement (the “Exchange Agreement”) with Alchemy Capital LLC (“Alchemy”) pursuant to which Alchemy, the sole shareholder of One Lab Co (“Labco”), agreed to exchange 100% of the capital stock of Labco for 88,000,000 restricted shares of the Company (the “MYHI Shares”). The Exchange Agreement called for the issuance of 20,000,000 MYHI Shares at Closing and 68,000,000 MYHI Shares after certain equipment under order by Labco at the time (the “Equipment”) was delivered pursuant to a Lease Agreement (the “Lease”) between Labco and Workforce Labor Solutions, LLC (“the Lessee”) . The Equipment consists of a state-of-the-art intermodal extraction laboratory, engineered and designed specifically for processing cannabis. The Lease calls for monthly payments of $25,000 and has a five year term commencing November 1, 2018 with an option to renew for a second five year term. As of March 31, 2020, the Lessee was in arrears on the lease. The Company has been in constant discussion with the Lessee regarding this delinquency but has been unable to come to a resolution of the matter. The Company intends to terminate the lease agreement immediately and to relocate the equipment at the earliest opportunity .

In conjunction with the acquisition of One Lab Co and its tangible assets including the Equipment and the Lease, the Company also acquired intangible assets such as industry relationships, access to capital resources and acquisition opportunities. These intangible assets were classified as Goodwill. MYHI issued the 88,000,000 shares of restricted common stock in accordance with the terms of the Exchange Agreement and recorded the acquisition of the Equipment at a cost value of $159,666 and Goodwill of $4,605,134. As of March 31, 2019, the intangible asset was fully impaired.

On May 8, 2020, Mountain High Acquisitions Corp, (“MYHI”) and Trilogy Capital LLC ("Trilogy") entered into an Exchange Agreement (the “Exchange Agreement”) pursuant to which MYHI agreed to purchase from Trilogy all of the capital stock of GPS Associates, Inc., a Delaware corporation ("GPS") in exchange (the "Exchange") for 215,250,000 restricted shares of MYHI (the “MYHI Shares"). Dr. Judy Pham is the sole member and manager of Trilogy. Dr Pham is also the sole member and manager of Alchemy Capital, LLC ("Alchemy") which owns

53,727,273 shares of the MYHI's Common Stock.

Recent Developments

As discussed in our subsequent event footnotes, the company has acquired GPS Associates, Inc. GPS is a California based company engaged in the formulation, manufacturing, branding, fulfillment and distribution of hemp-derived CBD products at its cGMP, FDA-registered facility in Santa Ana, California. GPS's team of professionals includes physiologists, chemists, herbalists and botanists committed to combining high-quality organic CBD with synergistic organic, raw herbs to produce pure, premium consumer products. All products manufactured by GPS are tested at independent, third party laboratories to prove potency and purity.

RESULTS OF OPERATIONS

The following is a comparison of the Results of Operations for our fiscal years ended March 31, 2020 and 2019.

Working Capital

	March 31, 2019			March 31, 2018
Current Assets	$	44,153		$	281,758
Current Liabilities		271,542			524,815
Working Capital (Deficit)	$	(227,389	)	$	(243,057	)

The decrease in the working capital deficit can be attributed to the Company settling $151,445 of accrued liabilities in the current year.

Cash Flows

	March 31, 2020			March 31, 2019
Current Assets	$	65,227		$	44,153
Current Liabilities		209,089			271,542
Working Capital (Deficit)	$	(143,862	)	$	(227,389	)

	Yea
	Year ended March 31, 2019			Year ended March 31, 2018
Cash Flows from (used in) Operating Activities	$	51,784		$	(824,236	)
Cash Flows from (used in) Investing Activities		(35,000	)		(200,000	)
Cash Flows from (used in) Financing Activities		(125,481	)		1,123,301
Net Increase (decrease) in Cash during period	$	(108,697	)	$	99,065

Operating Revenues

During the year ended March 31, ~~2019~~2020 the Company had revenue of $~~141,120~~0 compared to $~~150~~141,~~000~~120 for the year ended March 31, ~~2018~~2019. The revenue for FYthe ~~2019~~year ~~and 2018~~ended March 31, 2019 was for the lease on the 2 grow containers and the extraction container . As of June 30, 2019, the parties to the D9 lease agreement agreed to terminate the lease, while the Labco lease was in default, resulting in no revenues in 2020. Past revenues are no guarantee the Company will generate future revenues.

The lease for the extraction equipment was in default for 2 months as at March 31, 2019 and is currently five months in arrears. Based on discussions with the lessee, the account will be brought up to date in the near future although there can be no assurance at this time that this will be done.

Operating Expenses and Net Loss

~~The~~During ~~net loss for~~ the year ended March 31, ~~2019~~2020, the Company was ~~$5,434,865~~in ~~compared~~the tobusiness aof ~~net~~providing ~~loss~~infrastructure ofassets $3to licensed producers,~~351,723~~ ~~for~~processors ~~year~~and ~~ended~~retailers ~~March~~engaged in ~~31,~~the ~~2018~~cannabis industry. ~~The~~Due ~~net~~to ~~loss~~the ~~for~~restrictive regulatory and operational challenges the ~~year~~Company faced in that business it was ~~ended~~decided ~~March~~to ~~31,~~pivot ~~2019~~away ~~consisted~~from ofcannabis aand ~~$150,000~~instead ~~for~~focus ~~officer~~on ~~fees,~~opportunities ~~$597,000~~in ~~for~~the ~~warrant~~hemp ~~expense,~~industry. ~~$58,811~~The ~~for~~Company ~~depreciation~~plans ~~expense, $104,895~~to ~~for~~acquire ~~professional~~assets such ~~fees~~as equipment, real estate and ~~$41,066~~operating ~~for~~entities ~~G&A~~engaged ~~fees.~~in ~~Furthermore,~~hemp ~~the~~related ~~Company~~activities ~~recognized~~and ato ~~Goodwill~~repurpose ~~write~~its ~~down~~existing ofassets ~~$4,605,134~~for ~~and~~use ~~total~~in ~~interest~~hemp ~~expense~~operations. ofFor ~~$26~~these reasons,~~454.~~ ~~The~~there ~~Company~~has ~~also~~been ~~recognized~~a ~~other~~change ~~income~~in ofour $7operating expense,~~375~~ and net loss.

The net loss for the year ended March 31, ~~2018~~2020 ~~consisted~~was of $30485,~~000~~536 compared to ina ~~depreciation~~net ~~expense,~~loss of $~~180~~5,~~000 in officer fees~~434,865 afor ~~total~~year ofended ~~$115,100~~March ~~in warrant expense~~31, 2019 . ~~and~~The ~~$489,002~~primary inreason ~~G&A~~for ~~expenses. Furthermore,~~ the ~~Company~~decrease ~~recognized~~in anet ~~total~~loss ofwas ~~$471, 500~~ in ~~interest~~2019 ~~expense~~there ~~for~~was a ~~beneficial conversion~~goodwill ~~feature,~~write aoff ~~forbearance~~for ~~expense of~~ $274,~~250~~605,134 aas ~~total~~well ofas ~~$64,000~~a ~~in original issue discount. Other~~ warrant expense for of $2597,~~084,300~~000 in ~~was~~2019 ~~recognized~~which ~~and~~did anot ~~total~~appear ~~of $40,571~~ in ~~interest expense was incurred~~2020.

7The net loss for the year ended March 31, 2020 consisted of $100,907 for officer and director fees, $50,233 for depreciation expense, $69,008 for professional fees, and $45,412 for selling, general and administrative expense. Furthermore, the Company recognized interest expense of $146,078, consisting of $12,500 amortized convertible note discounts, $121,053 of derivative liability expense and $12,527 of regular interest expense, loss on sale of equipment of $39,788 a $50,000 loss on an asset write-off from the sale of its subsidiary, and other income of $15,892, of which $9,872 is a gain on derivative liability, and $6,020 from interest on notes receivable.

The net loss for the year ended March 31, 2019 consisted of a $150,000 for officer and director fees, $597,000 for warrant expense related to the settlement of a securities purchase agreement, $58,811 for depreciation expense, $104,895 for professional fees, and $41,066 for selling, general, and administrative expense . Furthermore, the Company recognized a Goodwill write down of $4,605,134 related to the intangible assets such acquired in 2018 from its purchase of One Labco. Total interest expense of $26,454. The Company also recognized other income of $7,375 as a result of interest on notes receivable .

Liquidity and Capital Resources

At March 31, ~~2019~~2020, the Company’s cash balance ~~and~~totaled ~~other current assets was~~ $445,~~153~~542 compared to $~~281,758~~767 at March 31, ~~2018~~2019. The ~~decrease~~increase ~~was~~is primarily due to ~~the~~additional ~~conversion~~funds being ofavailable ~~account~~at ~~receivables~~year ~~to a Promissory Note of $150,000~~end.

AtOther current assets consisted of $7,500 in prepaids compared to $0 at March 31, 2019,. The increase is due to the prepayment for consulting ~~Company~~and ~~had~~director ~~total~~and ~~liabilities~~officer fees. Deposits consisted of $~~271~~5,~~542~~652 compared ~~with~~to ~~total~~$0 ~~liabilities~~at March 31, 2019. The increase is related to canceled travel expenses . Notes receivable , consisted of $46,533 compared to $~~524~~43,~~815~~386 at March 31, ~~2018~~2019 . ~~The~~ Other ~~decrease~~assets ~~was due~~consisted of $26,828 in notes receivable non-current potion compared to a$73,975 ~~decrease~~at March in31, ~~convertible~~2019. ~~notes~~The ~~payable~~decreased ~~and~~is adue ~~decrease~~to inpayments ~~officer~~received ~~fees~~on this note.

AtAdditionally, during ~~March~~the 31three month period ended June 30, 2019, the Company ~~had~~decided ato ~~working~~sell the containers to generate capital ~~deficit~~to offinance ~~$227,389~~its own ~~compared~~change in focus to aextraction. ~~working~~On ~~capital~~August ~~deficit~~20, 2019, the Company completed the sale of the containers for proceeds of $~~243~~100,~~057~~000, recognizing ata ~~March~~loss ~~31,~~of ~~2018~~$39,788.

~~Cashflow~~At March 31, 2020, the Company had total current liabilities of $209,089 compared with total liabilities of $271,542 at March 31, 2019. The decrease was due to the Company converting notes payable during the year and a decrease in accrued liabilities of $138, 945 resulting from ~~Operating~~the ~~Activities~~deconsolidation of its subsidiaries Greenlife BotaniX. The accrued liabilities were owed to Brent McMahon, a related party. The gain to the company of the removal of liabilities in the books has been reflected as an increase in Additional Paid in Capital of $201,445 as the transaction was with a related party controlled by a stockholder in the company, resulting in the effective treatment of the gain as a stockholder contribution.

~~During the year ended March~~At March 31, ~~2019~~2020, the Company ~~provided~~had ~~$51,784~~a ofworking ~~cash~~capital ~~for~~deficit ~~operating activities compared to the use~~ of $~~824~~143,~~236 of cash used for operating~~862 compared ~~activities during the year ended March 31, 2018. The decrease in cash used for operations for the year ended March 31, 2019 was due~~ to ~~the~~a ~~operating~~working ~~loss~~capital ofdeficit ~~$5,434,865, increase in non cash transaction~~ of ~~One Lab of~~ $4227,~~605,134,~~389 ~~increase~~at inMarch ~~depreciation expense of $58~~31,~~811,~~ stock based compensation of $16,422, warrant expense of $597,000, decrease of accounts payable of $(128,410), decrease of $150,00 in accounts receivable, $22,293 change in other receivables, increase of $138,945 in accrued liabilities, and $26,454 of interest expense2019.

~~The~~Cash decrease in cash used for operating activities for the year ended March 31, 2018 was due to the operating loss of $3,351,723, decrease in officer fees of $80,000, increase in receivables of $172,294 offset by loss on preferred stock of $2,084,300 and increase in beneficial conversion feature of $471,500.Flows

Cashflow from Investing Activities

	Year ended March 31, 2020			Year ended March 31, 2019
Cash Flows from (used in) Operating Activities	$	(195,225	)	$	51,784
Cash Flows from (used in) Investing Activities		100,000			(35,000	)
Cash Flows from (used in) Financing Activities		100,000			(125,481	)
Net Increase (decrease) in Cash during period	$	4,775		$	(108,697	)

~~During~~There are ~~the~~currently ~~year~~no, ~~ended~~known ~~March 31~~trends, ~~2019,~~or ~~the~~any ~~Company~~known ~~used~~demands, ~~$35~~commitments,~~000~~ ~~from~~events ~~investing~~or ~~activities~~uncertainties ~~for~~that ~~the~~will ~~year~~result ~~compared~~in toor ~~$200,000~~are ~~used~~likely to result in the ~~period~~Company’s ~~ended~~liquidity ~~March~~increasing ~~31, 2018~~or decreasing.

~~Cashflow~~We will likely need to raise additional capital to fund the acquisitions on which we have entered into binding terms sheets. We may explore capital raising transactions in the form of debt, equity or both. At this time, we are unable to state how much additional capital we may need. As of the date of this Report, we have no commitment from ~~Financing~~any ~~Activities~~investor or investment-banking firm to provide us with any funding. Further, no assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company can obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing or cause substantial dilution for our stockholders, in case of equity financing. Failure to obtain this additional financing may have a material negative impact on our ability to generate profits on a regular basis in the future.

~~During~~Upon ~~the~~successfully ~~year~~consummating ~~ended~~our ~~March~~planned 31acquisitions and merging those operations into our own operations, ~~2019~~we ~~the~~believe ~~Company’s~~we ~~net~~will generate positive cash ~~used~~flow byfrom ~~financing~~our ~~activities~~operations. If ~~was~~we ~~$125~~are successful in achieving this objective,~~481.~~ ~~$117~~we do not believe we will need to raise additional capital to execute our business strategy,~~361~~ ~~was~~as ~~related~~we anticipate that the revenue generated from the fully integrated acquisitions will be sufficient to anallow ~~account~~us ~~receivable~~to ~~converted~~implement our current business plan. However, there can be no assurance that we will be able to ansuccessfully ~~interest~~complete ~~bearing~~any ~~note~~of ~~receivable~~the contemplated acquisitions. ~~Furthermore~~However, if we do not experience a ~~total~~positive ofimpact $8on our operations from acquisitions we may consummate or if unforeseen developments occur that negatively impact our cash flow,~~120~~ ~~was~~we ~~for~~may ~~shares~~need ~~returned~~to raise additional capital to execute our business strategy.

~~During~~The ~~the~~Company’s ~~year~~results ~~ended~~of ~~March~~operations have ~~31,~~not ~~2018,~~been ~~the~~affected ~~Company~~by ~~received~~inflation ~~$1,123,301~~and ~~from~~management ~~financing~~does ~~activities,~~not ~~$329,184~~expect ~~from~~inflation ~~shares~~to ~~issued~~have ~~for services,~~ a ~~reduction~~material ofimpact ~~$684,285 in~~on ~~notes~~the ~~payable~~Company’s ~~conversions and an increase~~ operations in ~~proceeds~~the ~~from borrowing of $1,478~~future.~~402.~~

Cash Flows from Operating Activities

During the year ended March 31, 2020, the Company used $195,225 of cash for operating activities compared to the cash provided of $51,784 for operating activities during the year ended March 31, 2019. The decrease in cash used for operations for the year ended March 31, 2020 was due to the operating loss of $485,536, depreciation expense of $50,233, amortization of the discount on convertible debt of $12,500 , loss on sale of equipment of $39,788, forgiveness of the Greenlife receivable of $50,000, a decrease of accounts payable of $(17,071), a $44,000 decrease in other receivables, an increase of $5,652 in deposits for credits on travel expense, a $7,500 increase in prepaid expense, an increase of $305 in accounts payable, related party, interest expense of $11,543, accrued interest of $984 and $111,181 of derivative liability.

Cash Flows from Investing Activities

During the year ended March 31, 2020, the Company’s cash flow from investing activities increased due to the receipt of $100,000 from the sale of an asset, compared to $35,000 used to purchase an asset in the period ended March 31, 2019.

Cash Flows from Financing Activities

During the year ended March 31, 2020, the Company’s net cash received from financing activities was $100,000 from proceeds of borrowing on a convertible note .

During the year ended March 31, 2019 , the Company’s net cash used by financing activities was $125,481. $117,361 was related to an account receivable converted to an interest-bearing note receivable. Furthermore, a total of $8,120 was recorded for shares returned.

Going Concern

We have not attained profitable ~~operations~~ operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities . For these reasons, as discussed in Note 1 of our notes to the financial statements, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern. The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has incurred a net loss of $485,536 for the year ended March 31, 2020 and has an accumulated deficit of $15,610,923 and a working capital deficit of $143,862 as of March 31, 2020. In addition, the Company had $5,542 of cash on hand at year end as well has sustained recurring operating losses. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management plans to continue to raise capital to fund the Company’s operations and believes that it can continue to raise equity or debt financing to support its operations until the Company is able to generate positive cash flow from operations.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Future Financings

We will continue to rely on equity sales of our common shares and debt financing in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate ~~the~~ the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is ~~included~~ included in the notes to our financial statements. A few of these are noted below, but a complete list appears in our notes to our financial statements. In general, management's estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Revenue Recognition

As of January 1, 2018, we adopted ASU No. 2014-09, “Revenue from Contracts with Customers” (ASU 2014-09). Leasing revenue recognition is specifically excluded and therefore the new standard is only applicable to service fee and consulting revenue. A five-step model has been introduced for an entity to apply when recognizing revenue. The new guidance also includes enhanced disclosure requirements. The guidance was effective January 1, 2018. The adoption did not have an impact on our financial statements.

Under ASC 606, an entity recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services. To determine the appropriate amount of revenue to be recognized for arrangements determined to be within the scope of ASC 606, the Company performs the following five steps: (i) identification of the promised goods or services in the contract; (ii) determination of whether the promised goods or services are performance obligations including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect consideration it is entitled to in exchange for the goods or services it transfers to the customer.

Our revenue in 2019 represented lease revenue for the grow containers pursuant to the Company's lease with D9 and extraction equipment lease pursuant to the Labco share exchange agreement. D9 is not a related party. For the year ended March 31, 2020, the Company recorded no revenue.

Fixed Assets

Fixed Assets are stated at cost. Depreciation is provided on fixed assets using the straight-line method over an estimated service life of five years for equipment.

The cost of normal maintenance and repairs is charged to operating expenses as incurred. Material expenditures which increase the life of an asset are capitalized and depreciated over the estimated remaining useful life of the asset.

Long-lived assets, which include property, equipment, goodwill and identifiable intangible assets, are reviewed for impairment whenever events or changes in business circumstances indicate impairment may exist. If the Company determines that the carrying value of a long-lived asset may not be recoverable, a permanent impairment charge is recorded for the amount by which the carrying value of the long-lived asset exceeds its estimated fair value. If an initial assessment indicates it is more likely than not an impairment may exist, it is evaluated by comparing the unit’s estimated fair value to its carrying value. Fair value is generally estimated using an income approach that discounts estimated future cash flows using discount rates judged by management to be commensurate with the applicable risk. Estimates of future sales, operating results, cash flows and discount rates are subject to changes in the economic environment, including such factors as the general level of market interest rates, expected equity market returns and the volatility of markets served, particularly when recessionary economic circumstances continue for an extended period of time. Management believes the estimates of future cash flows and fair values are reasonable; however, changes in estimates due to variance from assumptions could materially affect the evaluations.

Fixed assets as of March 31, 2020 and 2019, respectively, have not been impaired.

Derivatives

Derivatives are recognized initially at fair value. Subsequent to initial recognition, derivatives are measured at fair value, and changes are therein generally recognized in profit or loss.

Contractual Obligations

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

Recently Issued Accounting Pronouncements

Recent authoritative guidance issued by the FASB (including technical corrections to the FASB Accounting Standards Codification), the American Institute of Certified Public Accountants, and the SEC, did not, or are not expected to have a material effect on the Company’s consolidated financial statements.

ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

Item 8.

Financial Statements AND SUPPLEMENTARY DATA

MOUNTAIN HIGH ACQUISITIONS CORP.

Financial Statements

~~For~~As of and for the Years Ended March 31, ~~2019~~2020 and March 31, ~~2018~~2019

Report of Independent Registered Public Accounting Firm		2
Consolidated Balance Sheets		3
Consolidated Statements of Operations		4
Consolidated Statements of Cash Flows		5
Consolidated Statements of Stockholder’s Equity (Deficit)		6
Notes to the Financial Statements		7

1013

Report of Independent Registered Public Accounting Firm

To the shareholders and the board of directors of Mountain High Acquisitions Corp.

Opinion on the Financial Statements

We have audited the ~~accompanying~~ accompanying consolidated balance sheets of Mountain High Acquisitions Corp. (the "Company") as of March 31, ~~2019~~2020 and ~~2018~~ 2019, the related statements of operations, stockholders' equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of March 31, ~~2019~~2020 and ~~2018~~2019, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.

Basis for Opinion

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

Substantial Doubt about the Company’s Ability to Continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has suffered recurring losses from operations, ~~and~~ has a significant accumulated deficit, has negative working capital and has limited cash. In addition, the Company continues to experience negative cash flows from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 12. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~/S/~~Basis BFfor ~~Borgers CPA PC~~Opinion

BFThese financial ~~Borgers~~statements ~~CPA~~are PCthe responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, ~~served~~nor aswere we engage to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company'’s ~~auditor~~internal control over financial reporting. Accordingly, we ~~since~~express ~~2016~~no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ BF Borgers CPA PC

We have served as the Company's auditor since 2016.

Lakewood, CO

~~June~~July 241, ~~2019~~2020

MOUNTAIN HIGH ACQUISITIONS CORP.
CONSOLIDATED BALANCE SHEETS
AUDITED
	March 31,			March 31,
	2019			2018
	2020			2019
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	~~767~~5,542		$	~~109,464~~767
Accounts receivable		—			150,000
Prepaids		7,500			—
Notes receivable-current		43,386			—
Deposits		5,652			—
Other receivables		—			22,294
Notes receivable-current		46,533			43,386
TOTAL CURRENT ASSETS		4465,~~153~~227			~~281~~44,~~758~~153
OTHER ASSETS
Notes receivable - long term		7326,~~975~~828			—73,975
TOTAL OTHER ASSETS		7326,~~975~~828			—73,975
FIXED ASSETS (NET)		~~305~~115,~~856~~835			~~170~~305,~~000~~856
TOTAL ASSETS	$	~~423~~207,~~984~~890		$	~~451~~423,~~758~~984
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accounts payable	$	214,~~544~~473		$	~~149~~21,~~954~~544
Accrued liabilities		151,445			12,500
Accounts payable - related party		305			—
Convertible notes payable, net Beneficial Conversion Feature fully recognized of $885,574		98,553			362,361
Accrued liabilities		—			149,955
TOTAL CURRENT LIABILITIES		271,542			524,815
Accrued interest		2,474			1,490
Convertible notes payable, net of discounts $0 and $0 as of March 31, 2020 and 2019, respectively.		90,656			98,553
Derivative liability		111,181			—
TOTAL CURRENT LIABILITIES		209,089			271,542
STOCKHOLDERS' EQUITY (DEFICIT):
Preferred stock, $0.0001 par value; 250,000,000 shares authorized, 100,000 and 100,000 shares issued and outstanding as of March 31, 2019 and March 31, 2018 respectively		10			10
Series B Preferred stock, $0.0001 par value; 250,000,000 shares authorized, 100,000 and 100,000 shares issued and outstanding as of March 31, 2020 and March 31, 2019 respectively		10			10
Common stock, $0.0001 par value; 500,000,000 shares authorized, 203,832,914 and 96,208,582 shares issued and outstanding as of March 31, 2019 and March 31, 2018 respectively		20,383			9,621
Common stock, $0.0001 par value; 500,000,000 shares authorized, 220,685,605 and 203,832,914 shares issued and outstanding as of March 31, 2020 and March 31, 2019 respectively		22,069			20,383
Additional paid in capital		15,~~257~~587,~~436~~645			915,~~607~~257,~~834~~436
Accumulated (deficit)		(15,~~125~~610,~~387~~923	)		(915,~~690~~125,~~522~~387	)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)		~~152~~(1,~~442~~199	)		~~(73~~152,~~057~~442	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	~~423~~207,~~984~~890		$	~~451~~423,~~758~~984
The accompanying notes are an integral part of these consolidated financial statements

MOUNTAIN HIGH ACQUISITIONS CORP.
CONSOLIDATED STATEMENT OF OPERATIONS
(AUDITED)
	For the Year ended March 31,
	For the Year Ended March 31,
	2019			2018
	2020			2019
Revenue	$	141,120		$	150,000
Operating revenues
Gross profit		141,120			150,000
Leasing revenue	$	—		$	141,120
Depreciation		58,811			30,000
Cost of revenue		—			—
Officer fees		150,000			180,000
Gross profit		—			141,120
Professional fees		104,895			—
Operating expenses
Warrant expense		597,000			115,100
Depreciation		50,233			58,811
Selling, general and administrative expenses		41,066			489,002
Office and director fees		100,907			150,000
		951,772			814,102
Professional fees		69,008			104,895
(Loss) from operations		(810,652	)		(664,102	)
Selling, general and administrative expenses		45,412			41,066
Interest Expense resulting from Beneficial Conversion Feature		—			(471,500	)
Warrant expense		—			597,000
Goodwill write-down		(4,605,134	)		—
Total operating expenses		265,560			951,772
Forbearance expense		—			(27,250	)
(Loss) from operations		(265,560	)		(810,652	)
Original issue discount		—			(64,000	)
Other income (expense)
Other income (expense)		7,375			(2,084,300	)
Goodwill write-off		—			(4,605,134	)
Interest Expense		(26,454	)		(40,571	)
Loss on sale of equipment		(39,788	)		—
Net income (loss)	$	(5,434,865	)	$	(3,351,723	)
Loss on asset write-off		(50,000	)		—
Net Income (loss) per share-basic
Interest expense:
Continuing operations		(0.04	)		(0.04	)
Interest expense		(12,527	)		(26,454	)
Net Income (loss) per share-diluted
Amortization of convertible debt discounts		(12,500	)		—
Continuing operations		(0.04	)		(0.04	)
Derivative liability expense		(121,053	)		—
Weighted average shares outstanding - basic and diluted		143,712,070			76,569,111
Other income (expense)		6,020			7,375
Gain on derivative liability		9,872			—
Total other income (expense)		(219,976	)		(4,624,213	)
Net income (loss)	$	(485,536	)	$	(5,434,865	)
Net Income (loss) per share-basic and diluted
Continuing operations		(0.00	)		(0.04	)
Weighted average shares outstanding - basic and diluted		211,827,723			143,712,070
The accompanying notes are an integral part of these consolidated financial statements

MOUNTAIN HIGH ACQUISITIONS CORP.
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)
FROM APRIL 1, 2017 TO MARCH 31, 2019
FROM MARCH 31, 2017 TO MARCH 31, 2020
											Additional						Total Shareholders’
	Series B										Additional						Total Shareholders’
	Preferred Stock				Common Stock						Paid-in			Accumulated			Equity
	Shares		Amount		Shares			Amount			Capital			Deficit			(Deficit)
Balance March 31, 2017		—		—		72,691,389			7,269			5,925,827			(6,338,799	)		(405,703	)
Shares issued for services rendered		100,000		10		2,570,000			257			328,917			—			329,184
Loss on market value of Preferred shares		—		—		—			—			2,084,300			—			2,084,300
Note payable conversion		—		—		20,947,193			2,095			682,190			—			684,285
Warrants		—		—		—			—			115,100			—			115,100
Convertible Note Payable Beneficial Conversion Feature		—		—		—			—			471,500			—			471,500
Net (loss)		—		—		—			—			—			(3,351,723	)		(3,351,723	)
Balance March 31, 2018		100,000	$	10		96,208,582		$	9,621		$	9,607,834		$	(9,690,522	)		(73,057	)
Shares issued for services rendered		—		—		80,000			8			6,072			—0			6,080
Note payable conversion		—		—		10,099,332			1,010			289,250			—0			290,260
Cashless warrants issued		—		—		9,500,000			950			596,050			—0			597,000
One Lab Co contribution		—		—		—			—			159,667			—			159,667
One Lab Co purchase		—		—		88,000,000			8,800			4,596,334			—			4,605,134
Shares issued to consultant		—		—		225,000			23			10,321			—			10,344
Shares returned						(280,000	)		(28	)		(8,092	)		—			(8,120	)
Net (loss)		—		—		—			—			—			(5,434,865	)		(5,434,865	)
Balance March 31, 2019		100,000	$	10		203,832,914		$	20,383		$	15,257,436		$	(15,125,387	)	$	152,442
The accompanying notes are an integral part of these consolidated financial statements
Note payable conversion		—		—		16,852,691			1,686			128,764			—			130,449
Deconsolidation of Greenlife		—		—		—			—			201,445			—			201,445
Net (loss)		—		—		—			—			—			(485,536	)		(485,536	)
Balance March 31, 2020		100,000	$	10		220,685,605			22,069			15,587,645			(15,610,923	)		(1,199	)

MOUNTAIN HIGH ACQUISITIONS CORP.
CONSOLIDATED STATEMENT OF CASH FLOWS
(AUDITED)
	For the Year ended March 31,
	2019			2018
	2020			2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$	(5485,~~434,865~~536	)	$	(35,~~351~~434,~~723~~865	)
Adjustment to reconcile net loss to net
Adjustments to reconcile net loss to net cash (used in) operating activities:
Cash used in operating activities:
Depreciation and amortization		50,233			58,811
Beneficial Conversion Feature on Note Payable		—			471,500
Amortization of discount on convertible note		12,500			—
Purchase of One Lab Co		4,605,134			—
Goodwill write off		—			4,605,134
Depreciation and amortization		58,811			30,000
Stock for services		—			16,422
Forbearance		—			27,250
Loss on sale of equipment		39,788			—
Goodwill		—			—
Loss on asset write-off		50,000			—
Loss on valuation Preferred Stock		—			2,084,300
Interest expense		11,543			26,454
Officer fees		—			(80,000	)
Warrants expense		—			597,000
Original issue discount		—			64,000
Stock based compensation		16,422			—
Warrants expense		597,000			115,100
Changes in operating assets and liabilities:
Increase / (decrease) in accounts payable		(128,410	)		(12,369	)
(Decrease) in accounts payable		(17,071	)		(128,410	)
(Increase) / decrease in accounts receivable		150,000			—
Increase in accounts payable, related party		305
Change in other receivables		22,293			(172,294	)
(Increase) in prepaid expenses		(7,500	)		—
Increase / (decrease) in accrued liabilities		138,945			—
Increase in derivative liability		111,181			—
Interest expense		26,454			—
(Increase) in accounts receivable		—			150,000
Net cash (used) provided in operating activities		51,784			(824,236	)
Decrease in other receivables		44,000			22,293
(Increase) in other assets - deposits		(5,652	)		—
Increase in accrued interest		984
(Decrease) in accrued liabilities		—			138,945
Net cash provided (used) by operating activities		(195,225	)		51,784
CASH FLOWS FROM INVESTING ACTIVITIES
Fixed Assets		(35,000	)		(200,000	)
Purchased of fixed assets		—			(35,000	)
Net cash (used) provided in investing activities		(35,000	)		(200,000	)
Proceeds from sale of asset		100,000			—
Net cash provided by investing activities		100,000			(35,000	)
CASH FLOWS FROM FINANCING ACTIVITIES
Accounts receivable converted to note receivable		~~(117,361~~—	)		—(117,361	)
Proceeds from shares		—			329,184
Proceeds from shares for services		—			(8,120	)
Note conversions		—			(684,285	)
Proceeds from convertible notes		100,000			—
Returned shares		(8,120	)		—
Net cash (used) provided by financing activities		100,000			(125,481	)
Proceeds from borrowings		—			1,478,402
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		4,775			(108,697	)
Net cash (used) provided by financing activities		(125,481	)		1,123,301
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		(108,697	)		99,065
CASH AND CASH EQUIVALENTS
Beginning of the period		~~109,464~~767			10109,~~399~~464
End of the period	$	~~767~~5,542			~~109,464~~767
		—
Supplemental disclosures of cash flow information
Taxes paid	$	—		$	—
Note payable conversions into common stock	$	130,449		$	—
Goodwill impairment	$	—		$	4,605,134
Interest paid	$	—		$	—
The accompanying notes are an integral part of these consolidated financial statements

Note 1 - Organization and Basis of Presentation

Organization and Line of Business

~~The~~Prior to January 1, 2020, the Company iswas in the business of providing infrastructure assets to licensed producers, processors and retailers engaged in the cannabis industry. Due ~~The~~to ~~Company~~the ~~plans~~restrictive toregulatory ~~acquire further~~and ~~assets~~operational ~~such~~challenges asthe ~~equipment,~~Company ~~real~~faced ~~estate~~in ~~and~~that ~~technologies~~business ~~beyond~~it ~~those~~was ~~described~~decided ~~below~~to ~~through~~pivot ~~the~~away ~~use~~from cannabis ofand ~~cash~~instead ~~flow~~focus ~~generated by~~on ~~operations~~opportunities in the hemp industry.

InThe ~~May 2017, the~~ Company ~~formed~~plans ~~MYHI-AZ~~ to acquire ~~equipment~~assets tosuch ~~service the growing cannabis industry. In September 2017, the Company entered into a consulting agreement~~as ~~with D9 Manufacturing~~equipment, ~~"D9,"~~real toestate ~~provide~~and D9operating ~~customers~~entities ~~with~~engaged ~~infrastructure equipment. Also~~ in ~~September~~hemp ~~2017,~~related ~~MYHI-AZ~~activities ~~purchased 2~~and ~~intermodal grow containers from D9~~ to berepurpose ~~used~~its inexisting aassets ~~grow~~for ~~operation~~use in hemp ~~Arizona~~operations. As ~~MYHI-AZ~~discussed ~~leased~~below, the ~~grow~~Company ~~containers~~has toacquired D9a ~~for~~company ~~3 years~~(GPS) ~~with~~engaged ~~the~~in ~~right to extend~~ the ~~lease for an additional 2 years. The lease began August 15~~formulation, ~~2017. The lease provided for a monthly~~manufacturing, ~~lease rate of $20~~branding,~~000~~ afulfillment ~~month~~ and ~~required~~distribution advance payment for operating supplies and expenses. The monthly lease rate was recorded as Revenue and an Account Receivable while the advances were recorded as an Other Receivable. The monthly lease payments were to commence on harvesting of ~~the~~hemp-derived ~~first~~CBD ~~crop.~~products ~~The~~at ~~containers~~its ~~were~~cGMP, ~~planted~~FDA-registered infacility ~~October 2017 with an expected harvest~~ in ~~January~~Santa ~~2018~~Ana, California. ~~The~~GPS's ~~initial~~continually ~~grow~~expanding ~~operation~~product ~~encountered~~offering ais ~~power~~sold ~~failure~~directly ~~which~~to ~~ultimately~~consumers ~~resulted~~online inas ~~the~~well ~~loss~~as ofthrough ~~the~~wholesale ~~crop.~~partners ~~The~~(both ~~loss of this crop~~online ~~resulted~~and inbrick aand ~~deferral~~mortar ofstores) ~~collection~~under ofits ~~the~~retail ~~lease~~brand ~~rental~~name, ~~payments~~Zen ~~and the operating cost payments~~Drops. The ~~power~~product ~~failure~~offering ~~highlighted electrical~~includes ~~issues~~tinctures, ~~with~~salves, ~~the facility where the containers are being used and improvements to the containers that could be made.~~gummies, ~~The~~transdermal ~~container~~patches ~~improvements~~ and ~~facility~~oral ~~power~~thin ~~requirement issue took a few months to resolve~~films.

~~Effective~~On ~~September~~May 1122, ~~2018,~~2016 ~~MYHI-AZ~~the ~~and~~Company ~~D9 agreed~~completed tothe ~~convert~~acquisition of ~~the~~Greenlife ~~current~~Botanix ~~amount~~("Greenlife") ~~due~~a ~~under~~Colorado ~~the~~corporation. ~~operating~~The ~~lease,~~Company ~~representing~~issued ~~$150~~10,000,000 restricted shares of its common stock to the shareholders of Greenlife in ~~lease~~exchange ~~payments~~for ~~and~~their ~~$22,294~~100% interest in ~~operating~~Greenlife. The shares were valued at the market value ~~expenses~~on the date of issuance, ~~into~~$0.23, for a total consideration of $~~135~~2,300,000. ~~note~~The ~~payable,~~amount ~~(the~~paid ~~"Note"),~~for ~~with~~Greenlife awas ~~term~~recorded ofas 3Goodwill due ~~years~~to ~~and~~the ~~interest~~start ~~rate~~up nature of 7%Greenlife ~~per~~and ~~annum,~~the ~~and~~minimal ~~to capitalize~~net ~~$35,000~~assets ~~for~~of ~~improvements~~Greenlife toat the ~~containers~~time of acquisition. ~~The~~Subsequent ~~first~~to ~~payment~~the onpurchase of Greenlife the ~~Note~~Company ~~was~~executed ~~due~~a ~~October~~rescission 3agreement with Freedom Seed and Feed, ~~2018.~~"FSF", ~~The~~which ~~Parties~~prevented ~~also~~Greenlife ~~agreed~~from becoming a fully integrated cosmetic company. Due to ~~terminate~~the rescission of FSF and the ~~current~~remarketing ~~lease~~of ~~effective~~the ~~March~~Greenlife ~~31,~~product ~~2018~~line the ~~and~~Company ~~replace~~evaluated itthe ~~with~~book avalue ~~new~~of ~~lease~~the ~~beginning~~asset ~~July~~and 1,elected ~~2018~~to ~~with~~impair ~~lease payments~~the goodwill value of Greenlife and expensed the $52,300,000 book ~~per~~value ~~month~~in ~~beginning~~the ~~November~~year 1ended March 31, ~~2018~~2017.

On March ~~August 18~~31, ~~2018~~2020, the Company ~~entered~~sold ~~into an~~its ~~Exchange~~100% ~~Agreement~~interest ~~(the~~in ~~“Exchange~~GreenLife ~~Agreement”)~~to ~~with~~Evolution ~~Alchemy~~Equities ~~Capital~~Corporation, a ~~LLC~~Nevada ~~(“Alchemy”)~~Corporation ~~pursuant~~for tothe ~~which Alchemy,~~sum ~~the~~of ~~sole~~$1.00. ~~shareholder~~At ofthe ~~One~~time ~~Lab~~of Cothe ~~(“Labco”)~~sale, ~~agreed~~GreenLife tohad ~~exchange~~no ~~100%~~assets and had liabilities in the amount of $201,445. Of the ~~capital~~liabilities ~~stock~~that ofwere ~~Labco~~in ~~for~~GreenLife, 88$138,~~000,000 restricted~~945 ~~shares~~were ofowed ~~the~~to ~~Company~~Brent ~~(the~~McMahon, ~~“MYHI~~a ~~Shares”)~~related party. The ~~Exchange~~gain ~~Agreement~~on ~~called~~deconsolidation has ~~for~~been ~~the~~reflected ~~issuance~~as ofan ~~20,000,000 MYHI~~increase ~~Shares~~in atAdditional Paid ~~Closing~~in ~~and~~Capital 68of $201,~~000,000~~445 ~~MYHI~~as ~~Shares~~the ~~after~~transaction ~~certain~~was ~~equipment~~with ~~under~~a ~~order~~related party controlled by ~~Labco~~a atstockholder in the ~~time~~company, (resulting in the ~~“Equipment”) was~~effective ~~delivered~~treatment ~~pursuant~~of tothe gain as a ~~Lease~~stockholder ~~Agreement~~contribution. ~~(the~~The ~~“Lease”)~~company ~~between~~assesses its ~~Labco~~joint ventures and ~~Workforce~~partnerships ~~Labor~~at ~~Solutions,~~inception ~~LLC~~to (“determine if any meet the qualifications of a variable interest entity ("VIE") ~~Lessee”~~in accordance with Accounting Standards Codification ("ASC") 810, "Consolidation." ~~The~~If ~~Equipment~~a ~~consists~~joint ofventure or partnership is a ~~state-of-~~VIE and the~~-art~~ ~~intermodal~~company ~~extraction~~is ~~laboratory~~the primary beneficiary, ~~engineered~~the ~~and~~joint ~~designed~~venture ~~specifically for~~or ~~processing~~partnership ~~cannabis~~is fully consolidated. ~~The~~Management ~~Lease~~has ~~calls~~determined GreenLife ~~for~~does ~~monthly~~not ~~payments~~meet the definition of ~~$25,000~~a business under ASC 805 and ~~has~~is atherefore ~~five~~not ~~year~~subject ~~term~~to ~~commencing~~VIE ~~November~~guidance 1,and ~~2018~~should ~~with~~remain andeconsolidated ~~option~~after tothe ~~renew~~sale ~~for~~date. aFurthermore, ~~second~~the ~~five~~Company ~~year~~forgave ~~term~~the balance of $50,000 due from Greenlife on the transaction date, resulting in at $50,000 loss.

In ~~conjunction~~May 2017, the Company formed MYHI-AZ , an Arizona Corporation to acquire equipment to service the growing cannabis industry. In September 2017, the Company entered into a consulting agreement with D9 Manufacturing, "D9," to provide D9 customers with infrastructure equipment. Also, in September 2017, MYHI-AZ purchased 2 intermodal grow containers from D9 to be used in a grow operation in Arizona. MYHI-AZ leased the ~~acquisition~~grow containers to D9 for 3 years with the right to extend the lease for an additional 2 years. The lease began August 15, 2017. The lease provided for a monthly lease rate of ~~One~~$20,000 ~~Labco~~a month and ~~its~~required ~~tangible~~advance ~~assets~~payment ~~including~~for ~~the~~operating ~~Equipment~~supplies and expenses. The monthly lease rate was recorded as Revenue and an Account Receivable while the ~~Lease,~~advances were recorded as Other Receivable. The monthly lease payments were to commence on harvesting of the ~~Company~~first ~~also~~crop. ~~acquired~~The ~~intangible~~containers were planted in October 2017 with an expected harvest ~~assets~~in ~~such~~January as2018. ~~industry~~The ~~relationships,~~initial ~~access~~grow tooperation ~~capital~~encountered ~~resources~~a power failure which ultimately resulted in the loss of the crop. The loss of this crop resulted in a deferral of collection of the lease rental payments and ~~acquisition~~the ~~opportunities~~operating cost payments. ~~These~~The ~~intangible~~power failure ~~assets~~highlighted electrical issues with the facility where the containers were being used and improvements to the containers ~~classified~~that ascould ~~Goodwill~~be made. The container improvements and facility power requirement issue took a few months to resolve.

Effective June 5, 2018, MYHI-AZ and D9 agreed to convert the current amount due under the operating lease, representing $150,000 in lease payments and $22,294 in operating expenses, into a $135,000 note payable, (the "Note"), with a term of 3 years and interest rate of 7% per annum, and to capitalize $35,000 for improvements to the containers. The first payment on the Note was due October 3, 2018. The Parties also agreed to terminate the current lease effective March 31, 2018 and replace it with a new lease beginning July 1, 2018 with lease payments of $5,000 per month beginning November 1, 2018. This replacement lease was terminated on March 31, 2019 as D9 was unable to successfully complete a harvest. due to the ongoing power problems and a shift in the focus of their company to extraction only. The Note however remains in full force and effect. During the three month period ended June 30, 2019, the Company decided to sell the containers to generate capital to finance its own change in focus to extraction. On August 20, 2019, the Company completed the sale of the containers for proceeds of $100,000 (see note 5).

On August 18, 2018, the Company entered into an Exchange Agreement (the “Exchange Agreement”) with Alchemy Capital LLC (“Alchemy”) pursuant to which Alchemy, the sole shareholder of One Lab Co (“Labco ”), a Nevada Corporation agreed to exchange 100% of the capital stock of Labco for 88,000,000 restricted shares of the Company (the “MYHI Shares”). The Exchange Agreement called for the issuance of 20,000,000 MYHI Shares at Closing and 68,000,000 MYHI Shares after certain equipment under order by Labco at the time (the “Equipment”) was delivered pursuant to a Lease Agreement (the “Lease”) between Labco and Workforce Labor Solutions, LLC (“the Lessee”). The Equipment consists of a state-of-the-art intermodal extraction laboratory, engineered and designed specifically for processing cannabis. The Lease calls for monthly payments of $25,000 and has a five year term commencing November 1, 2018 with an option to renew for a second five year term. As of March 31, 2020, the Lessee was in arrears on the lease. The Company has been in constant discussion with the Lessee regarding this delinquency but has been unable to come to a resolution of the matter. The Company intends to terminate the lease agreement immediately and to relocate the equipment at the earliest opportunity.

53,727,273 shares of the MYHI's Common Stock .

GPS is a California based company engaged in the formulation, manufacturing, branding, fulfillment and distribution of hemp-derived CBD products at its cGMP, FDA-registered facility in Santa Ana, California. GPS's team of professionals includes physiologists, chemists, herbalists and botanists committed to combining high-quality organic CBD with synergistic organic, raw herbs to produce pure, premium consumer products. All products manufactured by GPS are tested at independent, third party laboratories to prove potency and purity.

Going Concern

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has incurred a net loss of $5485,~~434,865 and provided cash for operations~~536 ~~of $51,784~~ for the year ended March 31, ~~2019~~2020 and has an accumulated deficit of $15,~~125~~610,~~387~~923 and a working capital deficit of $~~227~~143,~~389~~ 862 as of March 31, ~~2019~~2020. ~~These~~In addition, the Company had $5,542 of cash on hand at year end as well has sustained recurring operating losses. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management plans to continue to raise capital to fund the Company’s operations and believes that it can continue to raise equity or debt financing to support its operations until the Company is able to generate positive cash flow from operations.

Note 2 – Summary of Significant Accounting Policies

Basis of Presentation

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”). The accompanying consolidated financial statements have been presented in United States Dollars ($ or “USD”). The fiscal year end is March 31.

Principles of Consolidation

The accounts of the Company and its wholly–owned subsidiaries ~~GreenLife Botanix,~~ MYHI-AZ and One Lab Co are included in the accompanying consolidated financial statements. All intercompany balances and transactions were eliminated on consolidation.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.

Fair Value of Financial Instruments

Fair value is the price that would be received from selling an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance provides a hierarchy for inputs used in measuring fair value that prioritize the use of observable inputs over the use of unobservable inputs, when such observable inputs are available. The three levels of inputs that may be used to measure fair value are as follows:

● Level 1 - Quoted prices in active markets for identical assets or liabilities.

● Level 2 - Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets with insufficient volume or infrequent transactions (less active markets), or model-driven valuations in which all significant inputs are observable or can be derived principally from, or corroborated with, observable market data.

● Level 3 - Fair value is derived from valuation techniques in which one or more significant inputs are unobservable, including assumptions and judgments made by the Company.

Assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurements. The Company reviews the fair value hierarchy classification on a quarterly basis. Changes in the observable inputs may result in a reclassification of assets and liabilities within the three levels of the hierarchy outlined above.

The carrying amounts of certain financial instruments, such as cash equivalents, short term investments, accounts receivable, accounts payable and accrued liabilities, approximate fair value due to their relatively short maturities.

Concentrations

For the years ended March 31, 2020 and 2019, one customer accounted for nil% and 100%, respectively, of the Company’s revenues.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less . Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At March 31, 2020 and 2019, the Company had $0 and $0 in excess of the FDIC insured limit, respectively.

Revenue Recognition

~~Revenue~~Under ASC ~~represents~~606, ~~lease~~an entity recognizes revenue ~~for~~when its customer obtains control of promised goods or services, in an amount that reflects the ~~grow~~consideration ~~containers~~which ~~pursuant~~the entity expects to receive in exchange for those goods or services. To determine the ~~Company's~~appropriate ~~lease~~amount of ~~with~~revenue D9to ~~and~~be ~~extraction~~recognized ~~equipment~~for ~~lease~~arrangements ~~pursuant~~determined to be within the ~~Labco~~scope ~~share~~of ~~exchange~~ASC 606, the Company performs the following five ~~agreement.~~steps: ~~For~~(i) identification of the ~~year~~promised ~~ended~~goods ~~March~~or ~~31,~~services ~~2019~~in the ~~Company~~contract; ~~recorded~~(ii) ~~revenue~~determination of ~~$141~~whether the promised goods or services are performance obligations including whether they are distinct in the context of the contract; (iii) measurement of the transaction price,~~120~~ ~~from~~including ~~both~~the ~~leases~~constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect consideration it is entitled to in exchange for the goods or services it transfers to the customer.

Our revenue in 2019 represented lease revenue for the grow containers pursuant to the Company's lease with D9 and the extraction equipment lease pursuant to the Labco share exchange agreement. D9 is not a related party. For the year ended March 31, 2020, the Company recorded no revenue.

Fixed Assets

Fixed Assets are stated at cost. Depreciation is provided on fixed assets using the straight-line method over an estimated service life of five years for equipment.

8Long-lived assets, which include property, equipment, goodwill and identifiable intangible assets, are reviewed for impairment whenever events or changes in business circumstances indicate impairment may exist. If the Company determines that the carrying value of a long-lived asset may not be recoverable, a permanent impairment charge is recorded for the amount by which the carrying value of the long-lived asset exceeds its estimated fair value. If an initial assessment indicates it is more likely than not an impairment may exist, it is evaluated by comparing the unit’s estimated fair value to its carrying value. Fair value is generally estimated using an income approach that discounts estimated future cash flows using discount rates judged by management to be commensurate with the applicable risk. Estimates of future sales, operating results, cash flows and discount rates are subject to changes in the economic environment, including such factors as the general level of market interest rates, expected equity market returns and the volatility of markets served, particularly when recessionary economic circumstances continue for an extended period of time. Management believes the estimates of future cash flows and fair values are reasonable; however, changes in estimates due to variance from assumptions could materially affect the evaluations.

Fixed assets as of March 31, 2020 and 2019, respectively, have not been impaired.

Intangible Assets

The Company accounts for intangibles in accordance with ASC 350, ~~Intangible~~Intangibles -Goodwill and Other. The Company evaluates intangibles, at a minimum, on an annual basis and whenever events and changes in circumstances suggest that the carrying amount may not be recoverable. Impairment of intangibles is tested by comparing the carrying amount to the fair value. The fair values are estimated using undiscounted projected net cash flows. If the carrying amount exceeds its fair value, intangibles are considered impaired and a second step is performed to measure the amount of impairment loss, if any. The Company evaluates the impairment of intangibles as of the end of each fiscal year or whenever events or changes in circumstances indicate that an intangible asset’s carrying amount may not be recoverable. These circumstances include:

a significant decrease in the market value of an asset;

a significant adverse change in the extent or manner in which an asset is used; or

an accumulation of costs significantly in excess of the amount originally expected for the acquisition of an asset.

Income Taxes

The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes. ASC 740 requires a company to use the asset and liability method of accounting for income taxes, whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all of, the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations. The open tax years are ~~2011,~~ 2012, 2013, 2014, 2015, 2016, 2017, 2018 and ~~2018~~2019.

The Company has no tax positions at March 31, ~~2019~~2020 or March 31, ~~2018~~2019, for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.

Basic and Diluted Loss Per Share

Earnings per share is calculated in accordance with the ASC Topic 260, Earnings Per Share. Basic earnings per share is based upon the weighted average number of common shares outstanding. Diluted earnings per share is based on the assumption that all dilutive convertible shares and stock warrants were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.

Recent Accounting Pronouncements

911

Note 3 – Note Receivable

In May 2017, the Company formed MYHI-AZ to acquire equipment to service the growing cannabis industry. In September 2017, the Company entered into a consulting agreement with D9 Manufacturing, "D9," to provide D9 customers with infrastructure equipment. Also, in September 2017, MYHI-AZ ~~purchased~~ purchased 2 intermodal grow containers from D9 to be used in a grow operation in Arizona. MYHI-AZ leased the grow containers to D9 for 3 years with the right to extend the lease for an additional 2 years. The lease began August 15, 2017. The lease provided for a monthly lease rate of $20,000 a month and required advance payment for operating supplies and expenses. The monthly lease rate was recorded as Revenue and an Account Receivable while the advances were recorded as Other Receivable. The monthly lease payments were to commence on harvesting of the first crop. The containers were planted in October 2017 with an expected harvest in January 2018. The initial grow operation encountered a power failure which ultimately resulted in the loss of the crop. The loss of this crop resulted in a deferral of collection of the lease rental payments and the operating cost payments. The power failure highlighted electrical issues with the facility where the containers were being used and improvements to the containers that could be made. While the container improvements were made, the facility power requirement issues were never fully resolved.

Effective September 11, 2018, MYHI-AZ and D9 agreed to convert the current amount due under the operating lease, representing $150,000 in lease payments and $22,294 in operating expenses, into a $135,000 note payable, (the "Note"), with a term of 3 years and interest rate of 7% per annum, and to capitalize $35,000 for improvements to the containers. The first payment on the Note was due October 3, 2018.

In addition, and in anticipation of the resolution of the power issues at the grow facility, the Parties agreed to terminate the current lease effective March 31, 2018 and replace it with a new lease beginning July 1, 2018 with lease payments of $5,000 per month beginning November 1, 2018. This replacement lease was terminated on March 31, 2019 as D9 was unable to successfully complete a harvest due to the ongoing power problems and a shift in the focus of their company to extraction only. The Note however remained in full force and effect.

As of March 31, ~~2019~~2020, ~~D9 was up to date with~~ the ~~required Note payments. The~~ Company isevaluated ~~confident that D9 will continue to make~~ the ~~required~~ ~~payments~~collectability ~~for the full term~~ of the ~~Note as~~note D9and ~~has entered into a partnership with Verano Holdings LLC effective February 27, 2019 for~~ believes the ~~provision~~balance of ~~extraction~~$73,361 ~~services~~is collectible. ~~This~~ ~~relationship will provide~~ D9 ~~with~~is acurrent ~~more~~in ~~stable~~its ~~platform~~required ~~from~~Note ~~which to operate their business~~payments.

Note 4 – ~~Fixed Assets~~Prepaids

~~Fixed assets~~Prepaids ~~consist~~as of ~~the following at~~ March 31, 2020 and 2019:, were $7,500 and $0, respectively. These include a $5,000 prepayment to our director and officer for future services, and $2,500 for outside consultant.

	For the Year Ended
	March 31, 2019
Extraction Equipment	$	159,667
Grow Equipment		235,000
Less: accumulated depreciation and amortization		(88,811	)
Total	$	305,856

Note 5 – Fixed Assets

~~Note~~Fixed assets consist of the following at March 531, –2020 ~~Goodwill~~and 2019, respectively:

The Company’s goodwill balance is solely attributable to acquisitions. As of March 31, 2019, the Company impaired a total of $4,605,134 related to the Exchange Agreement with Labco.

	For the year ended March 31, 2020			For the year ended March 31, 2019
Extraction Equipment	$	159,667		$	159,667
Grow Equipment		—			235,000
Total cost	$	159,667		$	394,667
Less: Accumulated depreciation and amortization		(43,832	)		(88,811	)
Total	$	115,835		$	305,856

Total depreciation expense for the years ended March 31, 2020 and 2019 was $50,233 and $58,811, respectively.

Loss on Sale of Equipment

During the three-month period ended June 30, 2019, the Company decided to sell the grow containers with a carrying value of $139,788, to generate capital to finance its own change in focus to extraction. On August 20, 2019, the Company completed the sale of the containers for proceeds of $100,000, recognizing a loss on sale of equipment of $39,788.

Note 6 – Accrued liabilities

As of March 31, 2020 and 2019 , total accrued liabilities ~~consisted~~ consisted of $~~151,445.~~0 ~~A total of $138,945 is related to a liability due to Brent McMahon for Greenlife selling~~ and ~~administrative expenses. A total of~~ $12149,~~500~~955, ~~is related to Greenlife office lease expenses~~respectively.

10As of March 31, 2020 and 2019, a total of $0 and $138,945, respectively was related to a liability due to Brent McMahon, a 24% shareholder of the Company , for Greenlife BotaniX, (“Greenlife”) selling and administrative expenses paid by him between 2015 and 2017. In addition, as of March 31, 2020 and 2019, a total of $0 and $12,500, respectively was related to Greenlife office lease expenses.

~~Note~~On 7March –31, ~~Revenue~~2020, the Company sold its 100% interest in GreenLife to Evolution Equities Corporation, a Nevada Corporation for the sum of $1.00. At the time of the sale, GreenLife had no assets and had liabilities in the amount of $201,445. Of the liabilities that were in GreenLife, $138,945 were owed to Brent McMahon, a related party. Management has determined that Greenlife does not meet the definition of a business per ASC 805 and was not a Variable Interest Entity (VIE). The gain to the company of the removal of liabilities in the books has been reflected as an increase in Additional Paid in Capital of $201,445 as the transaction was with a related party. The company assesses its joint ventures and partnerships at inception to determine if any meet the qualifications of a variable interest entity ("VIE") in accordance with Accounting Standards Codification ("ASC") 810, "Consolidation." If a joint venture or partnership is a VIE and the company is the primary beneficiary, the joint venture or partnership is fully consolidated. Management has determined GreenLife does not meet this test.

~~Revenue~~Note ~~represents~~7 ~~lease~~– revenue for the grow containers pursuant to the Company's lease with D9 and extraction equipment lease pursuant to the Labco share exchange agreement. For the year ended March 31, 2019 the Company recorded revenue of $141,120 from both leases.Equity

~~Note 8 – Equity~~Preferred Stock

The Company has 250,000,000 shares of Series B preferred stock with a par value of $0.0001 per share.

On June 9, 2017, the Company authorized up to 200,000 shares of Series B stock issuable. The shares have liquidation preference as well as 20:1 voting rights. The stated value of the shares are $0.75 per share and are redeemable by the Company, at the Company’s option, at any point after June 9, 2020 with 30 days notice for the $0.75 per share. The shares are convertible by the Holder at $0.075 per share at any point up until the day before they are redeemed.

On June 12, 2017, the Company issued 100,000 shares of Series B Convertible Preferred stock, par value $0.0001, to an outside consulting firm for consulting services, valued at $109,700, which was recorded as consulting fees in the three months ended June 30, 2017. Due to the super voting provision of the Series B Convertible Preferred stock the Company recorded a loss on valuation of the shares of $2,084,300, the equivalent of 20,000,000 shares less the associated consulting expense of $109,700.

These are the only shares of Series B Preferred Stock outstanding as of March 31, 2020 and 2019.

Common Stock

Effective June 12, 2017, the Company increased its authorized shares of common stock to 500,000,000 shares with a par value of $0.0001 per share. ~~The Company has 250,000,000 shares of preferred stock with a par value of $0.0001 per share.~~

OnDuring ~~June 12, 2017,~~ the ~~Company~~year ~~issued~~ended ~~100,000 shares~~March ~~of Series B Convertible Preferred stock to an outside consulting firm for consulting services~~31, ~~valued at $109~~2020,~~700,~~ ~~which was recorded as consulting fees in~~ the ~~three~~Company converted ~~months ended June 30~~$130,449 ~~2017. Due to the super voting provision~~ of ~~the~~convertible ~~Series~~notes Binto ~~Convertible Preferred stock the Company recorded a loss on valuation of the shares of $2~~16,~~084~~852,~~300,~~691 ~~the equivalent of 20,000,000~~ shares ~~less the associated consulting expense~~ of ~~$109,700~~common stock.

~~During the year ended March 31, 2018, the Company converted $684,285 of convertible notes payable into 20,947,193 shares of free trading common stock of the Company.~~13

~~During~~Note ~~the~~8 ~~year~~- ~~ended March 31, 2018 the Company~~Notes ~~issued 2,570,000 shares of restricted Common Stock pursuant to consulting agreements valued at $329,184.~~Payable

On April 24, 2019, the Company entered in a convertible note payable in the amount of $112,500. The Company recorded discounts of $2,500 of debt offering costs and an original issue discount of $10,000 on issuance. During the year ended March 31, ~~2019~~2020, the ~~Company~~ ~~issued~~Company ~~the~~fully ~~following:~~amortized these discounts, resulting in $12,500 of interest expense.

·The ~~Converted~~Company determined ~~$290~~there to be an embedded derivative liability present per the criteria of ASC 815,~~260~~ which requires the elements of ~~convertible~~the ~~notes~~instrument to be bifurcated. The note had conversion provisions allowing the holder to convert the note into 10shares of the Company at a discount,~~099,332~~ ~~shares~~as described in the table below. The Company recorded a derivative liability of ~~common~~$121,053 ~~stock~~which was calculated at issuance (April 24, 2019) based on the amount the note could be converted into at that time, over and above the note payable.

·At March ~~Issued 305~~31,~~000~~ ~~shares~~2020 ofthe ~~common~~balance ~~stock~~on ~~valued~~the atoutstanding ~~$16,424~~convertible ~~pursuant~~note topayable ~~consulting~~with ~~agreements~~interest accrued in the amount of $93,130 ~~and~~net ~~services~~of ~~rendered~~$0 discounts.

·As ~~Issued~~of 9March 31,~~500~~ 2020,~~000~~ ~~shares~~the value of ~~common~~the ~~stock~~derivative ~~relating~~liability was $111,181, toand ~~cashless~~the ~~warrants~~company ~~issued~~reduced inthe ~~conjunction~~derivative ~~with~~liability ~~convertible~~by ~~notes~~$9,872 ~~issued~~by torecognizing ~~St.~~a ~~George~~gain ~~Investments~~on ~~LLC~~the ~~valued~~reduction atin ~~$597,000~~other income section of the income statement.

· Further details ~~Issued 88,000,000 shares~~ of ~~common~~the ~~stock~~outstanding ~~valued~~convertible atnote as $4of March 31,~~605,134~~ ~~pursuant~~2020 toare ~~the~~as ~~share exchange agreement for Labco.~~follows:

· Recorded 280,000 shares returned by D9 as per termination agreement valued at $8,120.

Note holder	St George Investments LLC
Original principal amount	$112,500
Debt Offering Costs	$ (2,500)
Original Issue Discount	$ (10,000)
Net proceeds to the Company	$ 100,000
Term	12 months
Interest rate	10% computed on the basis of a 360 day year comprised of twelve thirty month days, compounded daily
Security	Not secured
Prepayment rights	The Company had the right to prepay the Note with five trading days notice at 125% of the outstanding balance
Conversion rights	On notice, the Note holder had the right to convert all or a portion of the outstanding balance of the Note into common shares of the Company at a rate of 65% of the average of the 2 lowest closing bid prices in the 20 trading days preceding the notice. Should the company not be, or stop being DTC / DWAC eligible, the discount rate will increase by 5 % for each instance.

~~Warrants~~Interest expense for this note for the year ending March 31, 2020 and 2019 was $10,630 and $0. Accrued interest for this note for the year ending March 31, 2020 and 2019 was $2,474 and $0.

~~Pursuant~~Outstanding balances toon ~~the~~convertible ~~Warrant~~notes toas ~~Purchase Shares~~ of ~~Common~~March ~~Stock Agreement~~31, ~~dated~~2020 ~~June~~and ~~30,~~2019 ~~2017~~were $93,130 and ~~the Company granted the right to St~~$98,553. ~~George Investments LLC~~ Furthermore, tototal ~~purchase at any~~outstanding ~~time~~derivative liability on ~~or after~~ the ~~Issue~~convertible ~~Date~~notes as of ~~June~~March 3031, ~~2017~~2020 ~~until the date which is the last calendar day of the month in which the fifth anniversary of the Issue Date occurs a number of fully paid~~ and ~~non-assessable~~2019 ~~shares~~were ~~of Company's common stock~~$111,181 ~~par~~and ~~value~~ $0.~~0001 per~~ ~~share,~~Subsequently ~~equal to $173,000 divided by the Market Price as of the Issue Date. The closing stock price~~ on ~~June~~April 3023, ~~2017 was $0.1273,~~2020 ~~equating~~the toconvertible 1note,~~358,995~~ ~~shares of common stock. The warrant was issued in connection~~ with ~~the Securities Purchase Agreement, dated June 30, 2017. Pursuant to ASC 470~~then-~~20-25-2~~outstanding ~~the~~principal ~~company~~of ~~fair valued the warrants at~~ $~~115~~93,~~100~~130 toand beaccrued ~~debited~~interest toof ~~warrant expense for the year ended March 31~~$2,474 ~~2018.~~was ~~The~~settled ~~Warrants contain a ratcheting feature for future share issuances. The Company issued shares in July 2017 for conversion of notes payable~~ and inpaid ~~September 2017 for consulting agreements. These share issuances were for convertible notes and contracts that were~~ in ~~existence prior to the execution of the St~~full. ~~George agreement and were exempt from any ratcheting~~ ~~calculation, however subsequent issues to St. George on conversion of their convertible notes are subject to the ratcheting calculation.~~

~~Pursuant~~In toaddition, aon ~~Warrant~~January ~~Settlement Agreement executed June 27~~23, ~~2018~~2017, the Company ~~agreed to issue 8,141,005 additional warrants to settle the ratchet provision of the original~~ ~~warrant.~~took ~~The~~out ~~Company~~a ~~recorded~~note ~~additional warrant expense~~ of $~~491~~10,~~850~~000, ~~pursuant~~at to5% ~~ASC~~interest ~~470-20-25-2~~with asa ~~the~~third ~~fair value of the warrants~~party. ~~Effective~~ ~~April~~On ~~19,~~January ~~2018~~17, ~~the Company~~2020, ~~pursuant to~~ the ~~Warrant to Purchase Shares of~~ Company ~~Stock~~converted ~~which~~all ~~was issued in conjunction~~then-outstanding ~~with~~principal ~~the~~of ~~St George Investments LLC Securities Purchase Agreement dated June 30~~$10,000 ~~2017,~~and ~~issued~~accrued ~~3,500,000~~interest ~~shares~~ of ~~Company stock at~~ $~~.0826 per share~~1,490 ~~valued~~into ~~at $289~~383,~~100.~~059 Onshares ~~June~~of ~~27, 2018,~~ the Company’s ~~agreed~~common tostock. ~~issue~~This annote ~~additional~~had ~~6,000,000~~a ~~shares of Company~~balance ~~common~~at ~~stock~~March to31, ~~fully~~2020 ~~settle~~and ~~the~~2019, ~~warrant~~respectively, ~~at a value~~ of $~~433,200~~0 orand $011,092.~~0705~~ ~~per~~Accrued ~~share.~~interest ~~The~~as ~~Company recorded additional warrant expense~~ of ~~$105~~March 31,~~150~~ to2020 ~~value~~and ~~the~~2019 ~~warrants~~was ~~exercised~~$0 atand ~~market price~~$1,011.

11On January 23, 2018, the Company took out a note of $335,000, at 10% interest with a third party. A total of 18,129,731 shares of the Company’s common stock was issued to settle the note from 2018 to 2019. This loan had a balance as of March 31, 2020 and 2019, respectively, of $0 and $87,461. Accrued interest as of March 31, 2020 and 2019 was $0 and $479.

AAccrued ~~summary~~interest as of ~~the~~March ~~status~~31, of2020 ~~the~~and ~~Company’s~~2019 ~~outstanding stock~~was ~~warrants~~$2,474 and ~~changes during the periods is presented below:~~$1,490.

	Shares available to purchase with warrants			Weighted Average Price		Weighted Average Fair Value
Outstanding, March 31, 2017		—		$	—	$	—
Issued		1,358,995		$	.1273	$	.1273
Exercised		—		$	—	$	—
Forfeited		—		$	—	$	—
Expired		—		$	—	$	—
Outstanding, March 31, 2018		1,358,995		$	.1273	$	.1273
Outstanding, March 31, 2018		1,358,995		$	.1273	$	.1273
Issued pursuant to agreement		8,141,005		$	.0604	$	.0604
Exercised April 19, 2018		(3,500,000	)	$	.0826	$	.0826
Exercised June 27, 2018		(6,000,000	)	$	.0705	$	.0705
Outstanding, March 31, 2019		0		$	0	$	0

Range of Exercise Prices				Number Outstanding 3/31/2019				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price
	$0.0327-$0.1273				0				0			$	0

Note 9 - Related Party Transactions

~~Note~~Effective 9April 1, 2017, Alan Smith assigned his consulting agreements and all future amounts due under the agreements to Evolution Equities Corp, "Evolution". Evolution is a related party due to Mr. Smith's 100% ownership interest and positions in the company. Evolution was paid $100,907 for the year ended March 31, 2020 and $90,000 for the year ended March 31, 2019. As of March 31, 2020 and 2019, the amount owed to Evolution was $305 and $0, this amount is included in Accounts Payable and is non-interest ~~Income~~bearing ~~Taxes~~and due on demand. Additionally, the Company has retained KWPR Group, “KWPR”, a public relations company to assist with web site maintenance, press release preparation and social network posts. KWPR is a related party as the owner Kelly Wood is wife to the CEO Mr. Alan Smith. As of March 31, 2020, and 2019 the total fees paid to KWPR were $30,000 and $0 . Additionally, as of March 31, 2020 and 2019, prepaids due to the director and officer and outside consultant were $7,500 and $0, respectively. These include a $5,000 prepayment to our director and officer for future services, and $2,500 for outside consultant.

On March 31, 2020, the Company sold its 100% interest in GreenLife to Evolution Equities Corporation , an entity owned and controlled by Mr. Smith, for the sum of $1.00. At the time of the sale, GreenLife had no assets and had liabilities in the amount of $201,445. Of the liabilities that were in GreenLife, $138,945 were owed to Brent McMahon, a related party. The gain on deconsolidation has been reflected as an increase in Additional Paid in Capital of $201,445 as the transaction was with a related party controlled by a stockholder in the company, resulting in the effective treatment of the gain as a stockholder contribution. The company assesses its joint ventures and partnerships at inception to determine if any meet the qualifications of a variable interest entity ("VIE") in accordance with Accounting Standards Codification ("ASC") 810, "Consolidation." If a joint venture or partnership is a VIE and the company is the primary beneficiary, the joint venture or partnership is fully consolidated. Management has determined GreenLife does not meet does not meet the definition of a business under ASC 805 and is therefore not subject to VIE guidance and should remain deconsolidated after the sale date. Furthermore, the Company forgave the balance of $50,000 due from Greenlife on the transaction date, resulting in a $50,000 loss.

Note 10 – Officer and Director fees

During the year ended March 31, 2020 and 2019, respectively, the total officer and director fees paid were $100,907 and $90,000 to the Company’s CEO and Director. Additionally, as of March 31, 2019 a total of $60,000 was paid to the former CFO and Director of the Company, but there were no amounts paid to the former CFO and director during the period ending March 31, 2020. There were no amounts accrued and unpaid as of March 31, 2020 or 2019, respectively.

Note 11 – Commitments and Contingencies

As of March 31, 2020, and 2019 and for the fiscal years then ended, the Company identified no material commitments and contingencies requiring disclosure or adjustment to the financial statements.

Note 12 – Income Taxes

The Company accounts for income taxes using the asset and liability approach Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted tax laws, attributable to temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts calculated for income tax purposes.

The Company ~~has~~ had federal net operating loss carryforwards as of March 31, 2020 and 2019 of approximately $5,871,365 and $5,434,865 expiring in various years through ~~2037~~2040. The tax benefit of these net operating losses has been offset by a full allowance for realization. The use of the net operating loss carryfowards may be limited due to a change in control.

The Company’s effective tax rate differs from the high statutory rate for the year ended March 31, 2020 and 2019, due to the following (expressed as a percentage of pre-tax income):


Federal taxes at statutory rate	$	21.0	%
State taxes, net of federal tax benefit		5.0	%
Valuation allowance		(26.0	)%
Effective income tax rate	$	0.0	%

AsThe ofcorporate ~~March~~tax 31rate in Arizona is 6.98% and the corporate tax rate in Colorado is 4.63%. Were the Company to have income in both locations, ~~2019~~there would be offsetting deductions, thus the Company ~~components~~does ofnot ~~these~~believe ~~temporary~~we would pay the full tax rate in both locations. Management is continuing to monitor the state taxes ~~differences~~(as ~~and~~well as Federal) to insure we are utilizing the ~~deferred~~best strategies to keep our effect tax ~~asset~~rate ~~were~~as low as ~~follows:~~ legally possible.

Deferred Tax assets:
Net operating loss carryforward	$	1,141,322
Less: valuation allowance		(1,141,322	)
Net deferred tax assets	$	—

As of March 31, 2020 , the components of these temporary differences and the deferred tax asset were as follows:


Deferred Tax assets:
Net operating loss carryforward	$	1,526,555
Less: valuation allowance		(1,526,555	)
Net deferred tax assets	$	—

~~Note~~As 10of -March ~~Notes~~31, ~~Payable~~2019 , the components of these temporary differences and the deferred tax asset were as follows:

At March 31, 2019 the Company had outstanding convertible notes payable to third parties in the amount of $98,553 The notes had interest rates of 3%-12% and had conversion provision allowing the holder to convert the note into shares of the Company at a discount. This is referred to as the Beneficial Conversion Feature, "BCF". Due to the fact that the notes could be converted immediately or any time thereafter, there is no amortization of expense, so the Company has elected to record an expense in the current year for the difference between the BCF and the share value on the date the note was executed. This amount cannot exceed the value of the note. This resulted in an expense of $0 and $471,500 for the year ended March 31, 2019 and 2018 respectively. The following details outstanding convertible notes as of March 31, 2019:


Deferred Tax assets:
Net operating loss carryforward	$	1,413,065
Less: valuation allowance		(1,413,065	)
Net deferred tax assets	$	—

Note Holder	Amount		Conversion Terms
Andrew Cervasio	$	11,092	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
St. George Financial	$	87,461	180 days from closing at lower of 65% of avg. 2 lowest closing bid 15 days prior to conversion
	$	98,553

~~Note~~The following tables set forth the components 11of -deferred ~~Related~~income ~~Party~~taxes ~~Transactions~~as of March 31, 2020 and 2019:

Effective April 1, 2017, Alan Smith and Richard Stifel assigned their consulting agreements and all future amounts due under the agreement to Evolution Equities Corp, "Evolution" and RGS Resources LLC, "RGS" respectively. Evolution and RGS are related parties due to Mr. Smith’s and Mr. Stifel's ownership interest and positions in those companies. Evolution and RGS were paid $90,000 and $60,000 respective for the year ended March 31, 2019.

	March 31, 2020			March 31 2019
Deferred tax assets:
Bad debt allowance	$	—			—
Accrued expenses		—			—
Share based compensation accruals		—			—
Net operating loss carryforwards		5,871,365			5,434,865
Unrealized losses		0			0
Total deferred tax assets		5,871,365			5,434,865
Less: valuation allowance		(5,871,365	)		(5,434,865	)
Net deferred tax assets	$	—			—

Deferred tax liabilities:
Prepaid expenses	$	—			—
Fixed assets		—			—
Goodwill and intangible assets		—			—
Unrealized gains		—			—
Total deferred tax liabilities		—			—
Less: valuation allowance		(—)			(—)
Net deferred tax liabilities	$	—			—

Total deferred tax assets, net	$	—			—

~~Note 12 – Officer fees~~17

AsNote of13 ~~March~~– ~~31,~~Subsequent ~~2019, total officer fees paid were $90,000 to the Company’s CEO and Director. Additionally, a total of $60,000 was paid to the former CFO and Director of the Company.~~Events

On April 23, 2020, the Company entered into a Securities Purchase Agreement with Trilogy Capital, LLC pursuant to which the Company agreed to issue 11,750,000 of its restricted common shares (the “MYHI Shares”) to Trilogy and Trilogy agreed to purchase the MYHI Shares for $94,000. The proceeds from the sale of the MYHI Shares were used to pay the outstanding obligations of the Company under a Convertible Promissory Note 13dated –April 24, ~~Commitments~~2019 issued to St. George Investments, LLC, which totaled $90,656 of principal and ~~Contingencies~~$2,474 of accrued interest as of April 23, 2020.

~~None.~~Share Exchange Agreement

~~Note~~On May 148, –2020, ~~Subsequent~~The ~~Events~~Company and Trilogy entered into an Exchange Agreement pursuant to which the Company agreed to purchase from Trilogy all of the capital stock of GPS Associates, Inc., a Delaware corporation ("GPS") in exchange for 215,250,000 restricted shares of the Company (the “MYHI Shares"). Dr. Judy Pham is the sole member and manager of Trilogy. Dr Pham is also the sole member and manager of Alchemy Capital LLC ("Alchemy") which owns 53,727,273 shares of the Company's Common Stock. The audited financial statements of GPS consisting of balance sheets as of December 31, 2019 and 2018 and for the applicable interim periods and the related statements of operations, stockholders equity and cash flows for the years and interim periods then ended together with proforma financial statements consisting of proforma unaudited combined balance sheets as of December 31, 2019 and interim period and unaudited proforma combined statement of operations for the year ended December 31, 2019 and interim period will be filed pursuant to the rules according to the Current Report on the from 8-K announcing this transaction.

ToAs ~~secure~~of ~~working~~the ~~capital~~date ~~for~~of ~~future~~the ~~operations,~~Exchange ~~on April 24, 2019, Mountain High Acquisitions Corp. (“MYHI”) entered into a Securities Purchase~~ Agreement ~~with St. George Investments~~, ~~LLC~~May ~~(“St. George”). In connection with this agreement~~8, ~~MYHI issued to St. George a 10% convertible promissory note (the “Note”) in the principal amount of $112~~2020,~~500,~~ ~~due~~based on ~~April 23, 2020. The Note is convertible into common stock at 65% of~~ the ~~average of the two lowest~~ closing ~~bid~~price, ~~prices for MYHI’s common stock during~~ the ~~twenty trading days immediately preceding the date of the conversion~~215,250,000 ~~subject~~shares toissued ~~adjustment~~were asvalued ~~provided~~at ~~in the Note~~$1,650,000. ~~The Note contains a 10% original issue discount. The note may be prepaid by MYHI on the terms set forth in the Note.~~

On May 13, 2020, the Exchange was consummated.

~~ITEM~~As 9an interim step to assure the acquisition of GPS by MYHI, pursuant to an Exchange Agreement dated as April 10, 2020 between Trilogy and the shareholders of GPS (the "GPS/Trilogy Transaction"), Trilogy purchased all of the capital stock of GPS for $300,000 and 5,000,000 shares of the common stock of MYHI (subject to adjustment based on the future value of the MYHI shares and the EBITDA of GPS). ~~CHANGES~~The IN5,000,000 ~~AND~~shares ~~DISAGREEMENTS~~were ~~WITH~~to ~~ACCOUNTANTS~~be delivered ONto ~~ACCOUNTING~~the ~~AND~~GPS ~~FINANCIAL~~shareholders ~~DISCLOSURE~~upon the consummation of the Exchange referred to in Item 1.01. Subsequent to the closing of the GPS/Trilogy Transaction, Trilogy provided financing to GPS for the acquisition of equipment and the purchase of raw material inventories. Among other things, the financing enabled GPS to increase its revenues from the sale of hand sanitizers as discussed below under "Description of GPS" which in turn increased the valuation of GPS used by MYHI in its purchase of GPS.

~~None.~~ Description of GPS

~~ITEM~~GPS 9Ais a California based company engaged in the formulation, manufacturing, branding, fulfillment and distribution of hemp-derived CBD products at its cGMP, FDA-registered facility in Santa Ana, California. ~~CONTROLS~~GPS's ~~AND~~team ~~PROCEDURES~~of professionals includes physiologists, chemists, herbalists and botanists committed to combining high-quality organic CBD with synergistic organic, raw herbs to produce pure, premium consumer products. All products manufactured by GPS are tested at independent, third party laboratories to prove potency and purity.

~~Disclosure~~GPS's ~~Controls~~continually expanding product offering is sold directly to consumers online as well as through wholesale partners (both online and ~~Procedures~~brick and mortar stores) under its retail brand name, Zen Drops. The product offering includes tinctures, salves, gummies, transdermal patches and oral thin films.

~~Based on an evaluation as of the date of the end of the period covered by this report~~However, ~~our~~GPS's ~~Chief~~primary ~~Executive~~focus ~~Officer~~is ~~and Chief Financial Officer, conducted~~manufacturing anproducts ~~evaluation~~for ofits ~~the~~white ~~effectiveness~~label ofclients ~~the design and operation of our disclosure controls and procedures, as required by Exchange Act Rule 13a-15~~nationwide. ~~Based~~In onthis ~~that evaluation~~regard, ~~our~~GPS ~~Chief~~acts ~~Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective~~ as ofa ~~March~~contract ~~31,~~manufacturer. ~~2019~~The tolabeling ~~ensure~~is ~~that~~with ~~information required to be disclosed by us in~~ the ~~reports~~ ~~that~~client wecompany's ~~file~~logo orand ~~submit~~branding ~~under the Exchange Act is recorded, processed, summarized~~ and ~~reported~~sold ~~within~~through the ~~time periods specified by the SEC’~~client's ~~rules~~channels ~~and~~to ~~forms~~its customers.

~~Disclosure~~The ~~controls~~GPS ~~and procedures~~product ~~are~~development ~~controls~~team ~~and~~blends organic ~~other~~raw ~~procedures~~herbs ~~that~~with ~~are~~CBD ~~designed~~isolate toand ~~ensure~~CBD ~~that~~distillate ~~information~~extracted ~~required~~from toorganically begrown ~~disclosed~~hemp into ~~our~~ensure ~~reports filed or submitted under the Exchange Act is recorded~~safety, ~~processed,~~potency ~~summarized~~ and ~~reported~~purity. Also, ~~within~~ the ~~time~~graphic ~~periods~~design ~~specified~~team ~~in the~~creates ~~SEC’s~~logos, ~~rules~~labels and ~~forms.~~other ~~Disclosure~~marketing ~~controls~~assets ~~and~~to ~~procedures~~assist ~~include,~~its ~~without~~white-label ~~limitation~~clients, ~~controls~~the ~~and procedures designed~~objective tobeing ~~ensure that information required~~ to beprovide ~~disclosed in our reports filed under~~ the ~~Exchange~~client’s ~~Act~~CBD isbrand ~~accumulated~~with ~~and~~maximum ~~communicated to~~visual ~~management,~~impact ~~including~~in ~~our~~the ~~Chief Executive Officer and our Chief Financial Officer, to allow timely decisions regarding required disclosure~~market.

~~Management~~Once a white label client has approved the custom formulation and branded art work developed by GPS, the client’s ~~Report~~new onCBD ~~Internal~~product goes into production at GPS’s ~~Control~~facility. ~~Over~~All ~~Financial~~batches ~~Reporting~~come with a certificate of analysis of the cannabinoid breakdown from a third-party testing facility. After testing, the products are bottled, capped, sealed and labeled with the client’s custom labels. The entire order is then packed and shipped to the white label client.

~~Our~~To ~~management is responsible~~meet ~~for establishing and maintaining adequate control over financial reporting (as defined in Rule 13a-15(f) promulgated under~~ the ~~Exchange~~ ~~Act.~~demand ~~Our~~created ~~management~~by ~~assessed~~ the ~~effectiveness~~Coronavirus ofpandemic, ~~our~~GPS ~~internal~~has ~~control~~expanded ~~over~~its ~~financial~~operations ~~reporting~~to asproduce ofmedical ~~March 31~~grade, ~~2019. In~~alcohol-based ~~making~~hand ~~this~~sanitizer - ~~assessment~~proven ~~management~~to ~~conducted~~be an99.9% ~~evaluation~~effective ofagainst ~~the~~germs. ~~effectiveness~~Additional ofproduction ~~our internal~~and ~~control~~bottling ~~over~~equipment ~~financial~~has ~~reporting~~been ~~based~~acquired onto ~~the~~rapidly ~~criteria~~expand GPS’s inmanufacturing ~~Internal~~capacity ~~Control-Integrated~~for ~~Framework~~this ~~issued~~product byline. ~~the~~The ~~Committee of~~hand ~~Sponsoring~~sanitizer ~~Organizations~~line ofis ~~the~~formulated ~~Treadway~~to ~~Commission~~include ~~(2013)~~powerful ~~(COSO).~~botanical ~~Our~~constituents such ~~management~~as ~~has~~red ~~concluded~~thyme ~~that~~oil, aswhich ofhas ~~March~~exceptional 31antiviral, ~~2019,~~ ~~our~~antimicrobial ~~internal~~and ~~control~~antiseptic ~~over financial reporting is effective based on these criteria~~properties .

~~Changes~~In inaccordance ~~Internal~~with ~~Control~~FASB ASC 855-10, Subsequent Events, the Company has analyzed its operations subsequent to March 31, 2020 to the date these consolidated financial statements were issued, and ~~Financial~~has ~~Reporting~~determined that it does not have any additional material subsequent events to disclose in these consolidated financial statements.

There has been no change in our internal control over financial reporting identified in connection with our evaluation we conducted of the effectiveness of our internal control over financial reporting as of March 31, 2019, that occurred during our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. 18

~~This~~ITEM ~~annual report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting~~9. ~~Management’s~~ ~~report~~CHANGES ~~was~~IN ~~not~~AND ~~subject~~DISAGREEMENTS toWITH ~~attestation~~ACCOUNTANTS byON ~~the~~ACCOUNTING ~~Company’s~~AND ~~registered~~FINANCIAL ~~public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this annual report.~~DISCLOSURE

~~ITEM 9B~~None. ~~OTHER INFORMATION~~

~~None~~ITEM 9A. CONTROLS AND PROCEDURES.

23Disclosure Controls and Procedures

~~PART~~Based ~~III~~on an evaluation as of the date of the end of the period covered by this report, our Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as required by Exchange Act Rule 13a-15. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of March 31, 2020 to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified by the SEC’s rules and forms.

~~ITEM~~Disclosure 10controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. ~~DIRECTORS~~Disclosure ~~AND~~controls ~~EXECUTIVE~~and ~~OFFICERS~~procedures ~~AND~~include, ~~CORPORATE~~without ~~GOVERNANCE~~limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and our Chief Financial Officer, to allow timely decisions regarding required disclosure.

~~Identification~~Management’s ofReport ~~Director(s)~~on ~~and~~Internal Control ~~Executive~~Over ~~Officer(s)~~Financial Reporting

~~The~~Our ~~following~~management ~~table~~is ~~sets~~responsible for ~~forth~~establishing ~~the~~and ~~name~~maintaining adequate control over financial reporting (s)as ~~and age~~defined in Rule 13a-15(sf) promulgated under the Exchange Act. Our management assessed the effectiveness of our ~~current~~internal ~~director(s)~~control ~~and~~over ~~executive~~financial ~~officer~~reporting as of March 31, 2020. In making this assessment management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the criteria in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (s2013): (COSO). Our management has concluded that, as of March 31, 2020, our internal control over financial reporting is effective based on these criteria.

Name

Age

Position(s) Held

Date of Appointment

Other Public Company Directorships Held

Alan Smith

President, Chief Executive Officer, Treasurer, Secretary and Director

March 5, 2014

Altair International Corporation

Raymond Watt

Director

August 18, 2018

None

Changes in Internal Control and Financial Reporting

~~Term~~There has been no change in our internal control over financial reporting identified in connection with our evaluation we conducted of ~~Office~~the effectiveness of our internal control over financial reporting as of March 31, 2020, that occurred during our fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

~~Each~~This ofannual ~~our~~report ~~directors is~~does ~~appointed~~not toinclude ~~hold~~an ~~office~~attestation ~~until~~report ~~the next annual meeting~~ of ~~our~~the ~~stockholders~~Company’s ~~and~~registered ~~until~~public ~~his/her~~accounting ~~respective~~firm ~~successor~~regarding isinternal ~~elected~~control ~~and~~over financial ~~qualified,~~reporting. Management’s orreport ~~until~~was ~~his~~not orsubject ~~her~~to ~~earlier~~attestation ~~death, resignation or removal. Our officers are appointed~~ by ~~our~~the ~~Board~~Company’s ofregistered ~~Directors~~public toaccounting ~~hold~~firm ~~office~~pursuant ~~until~~to ~~the~~temporary ~~next~~rules ~~annual meeting~~ of the ~~Board~~SEC ~~and~~that ~~until~~permit ~~his/her~~the ~~respective~~Company ~~successor~~to isprovide ~~duly~~only ~~appointed~~management’s ~~and~~report ~~qualified,~~in orthis ~~until his~~annual ~~or her earlier death, resignation or removal~~report.

~~Background~~ITEM ~~and~~9B. ~~Business~~OTHER ~~Experience~~INFORMATION

~~The business experience during the past five years of each of the persons presently listed above as an Officer or Director of the Company is as follows:~~None.

Mr. Alan Smith – During the past five years, Alan Smith, has provided independent financial consulting services to a variety of startup and development stage companies in the technology, resource and consumer products sectors as President and CEO of Evolution Equities Corporation. These services have included corporate reorganizations and restructuring, the development of internal systems and controls and assistance with financing in both the private and public markets. He has also been an active investor in a number of startup ventures while managing his own personal equity portfolio. Mr. Smith is a Chartered Professional Accountant (retired) and has provided audit, tax and financial consulting services to a wide variety of small to medium sized companies during his 35 year career. During this period, Mr. Smith became known for his proficiency in negotiating highly advantageous acquisitions, reorganizing operations, improving efficiencies, and establishing financial controls. The primary focus of Mr. Smith’s career however, has been the successful restructuring of companies in transition and leading the development of business plans to assist them in procurement of short to medium term financing, many through public offerings. Mr. Smith obtained his Chartered Accountant designation in 1978 from the Institute of Chartered Accountants of Ontario. He was also a member of the Institute of Chartered Accountants of British Columbia from 1980 until his retirement in 1999. Additionally, Mr. Smith earned an MBAin 1975 from Queen’s University at Kingston, Ontario and a Bachelor of Applied Science (Civil Engineering) in 1973, also from Queen’s University.31

~~Mr. Raymond~~PART Watt – During the past five years, Mr. Watt has successfully started and sold numerous technology companies and has a 20-year plus experience in in both Software Development and Enterprise System Outsourcing. Previously, Mr. Watt served as the Chief Technical Officer of EOH Oracle Services, a group within the largest Information Technology firm listed on the South African Stock Exchange. He has served on the board of Braingear AG, a medical-device focused biotech companies, as well as GRI Bio, a San Diego based pharmaceutical company. Mr. Watt received his B.Sc. in Computer Science from NorthWest University and a MBA in Information technology from Bond University in Australia. Mr. Watt is an active member of the Coastal San Diego chapter of the Young Presidents Organization (YPO), and currently serves as their Chapter Chair.III

~~Identification of~~ITEM ~~Significant~~10. ~~Employees~~DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

~~As of~~Identification ~~the date~~ of ~~this~~Director(s) ~~Report, the Company has no full-time employees or part-time employees, other than our officers~~ and ~~directors. We~~Executive ~~intend to increase the number of our employees and consultants to meet our needs as the Company grows.~~Officer(s)

~~Family~~The ~~Relationships~~following table sets forth the name(s) and age(s) of our current director(s) and executive officer(s):

There are no family relationships among our officers, directors or persons nominated for such positions.

Name

Age

Position(s) Held

Date of Appointment

Other Public Company Directorships Held

Alan Smith

President, Chief Executive Officer, Treasurer, Secretary and Director

March 5, 2014

Altair International Corporation

Raymond Watt

Director

August 18, 2018

None

24Term of Office

~~Involvement~~Each inof ~~Certain~~our ~~Legal~~directors is ~~Proceedings~~appointed to hold office until the next annual meeting of our stockholders and until his/her respective successor is elected and qualified, or until his or her earlier death, resignation or removal. Our officers are appointed by our Board of Directors to hold office until the next annual meeting of the Board and until his/her respective successor is duly appointed and qualified, or until his or her earlier death, resignation or removal.

~~During the~~Background ~~past~~and ~~ten~~Business ~~years no director, executive officer, promoter or control person of the Company has been involved in the following:~~Experience

~~(1)~~The Abusiness ~~petition~~experience during ~~under~~ the ~~Federal~~past ~~bankruptcy~~five ~~laws~~years orof ~~any~~each ~~state insolvency law which was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property~~ of ~~such person, or any partnership in which he was a general partner at or within two years before~~ the ~~time~~persons ofpresently ~~such~~listed ~~filing,~~above oras ~~any~~an ~~corporation~~Officer or ~~business~~Director ~~association~~ of ~~which he was an executive officer at or within two years before~~ the ~~time~~Company ofis ~~such~~as ~~filing;~~follows:

~~(2)~~Mr. ~~Such~~Alan ~~person~~Smith ~~was~~– ~~convicted~~During inthe past five years, Alan Smith, has provided independent financial consulting services to a ~~criminal~~variety ~~proceeding~~of orstartup and development stage companies in the technology, resource and consumer products sectors as President and CEO of Evolution Equities Corporation. These services have included corporate reorganizations and restructuring, the development of internal systems and controls and assistance with financing in both the private and public markets. He has also been an active investor in startup ventures while managing his own personal equity portfolio. Mr. Smith is a ~~named~~Chartered ~~subject~~Professional Accountant (retired) and has provided audit, tax and financial consulting services to a wide variety of small to medium sized companies during his 36 year career. During this period, Mr. Smith became known for his proficiency in negotiating highly advantageous acquisitions, reorganizing operations, improving efficiencies, and establishing financial controls. The primary focus of Mr. Smith’s career however, has been the successful restructuring of companies in transition and leading the development of business plans to assist them in procurement of short to medium term financing, many through public offerings. Mr. Smith obtained his Chartered Accountant designation in 1978 from the Institute of Chartered Accountants of Ontario. He was also a ~~pending~~member ~~criminal~~of ~~proceeding~~the ~~(excluding~~Institute ~~traffic~~of ~~violations~~Chartered Accountants of British Columbia from 1980 until his retirement in 1999. Additionally, Mr. Smith earned an MBA in 1975 from Queen’s University at Kingston, Ontario and ~~other~~a ~~minor~~Bachelor ~~offenses~~of Applied Science (Civil Engineering); in 1973, also from Queen’s University.

~~(3)~~Mr. Raymond ~~Such~~Watt ~~person~~– ~~was~~During the ~~subject~~past offive ~~any~~years, ~~order~~Mr. Watt has successfully started and sold numerous technology companies and has a 20-year plus experience in both Software Development and Enterprise System Outsourcing. Previously, ~~judgment~~Mr. Watt served as the Chief Technical Officer of EOH Oracle Services, ora ~~decree~~group within the largest Information Technology firm listed on the South African Stock Exchange. He has served on the board of Braingear AG, ~~not~~a ~~subsequently~~medical-device ~~reversed~~focused biotech company, ~~suspended~~as orwell ~~vacated~~as GRI Bio, ofa ~~any~~San Diego ~~court~~based ofpharmaceutical ~~competent~~company. ~~jurisdiction,~~Mr. ~~permanently~~Watt orreceived ~~temporarily~~his ~~enjoining~~B.Sc. ~~him~~in Computer Science from, orNorthWest ~~otherwise~~University ~~limiting,~~and an MBA in Information technology from Bond University in Australia. Mr. Watt is an active member of the ~~following~~Coastal ~~activities:~~San Diego chapter of the Young Presidents Organization (YPO), and currently serves as their Chapter Chair.

i. Acting as a futures commission merchant, introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person regulated by the Commodity Futures Trading Commission, or an associated person Identification of ~~any~~Significant of the foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment company, bank, savings and loan association or insurance company, or engaging in or continuing any conduct or practice in connection with such activity;Employees

iiAs of the date of this Report, the Company has no full-time employees or part-time employees, other than our officers and directors. We ~~Engaging~~intend into ~~any~~increase ~~type~~the number of ~~business~~our ~~practice;~~employees orand consultants to meet our needs as the Company grows.

~~iii. Engaging in any activity in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;~~32

~~(4)~~Family Such person was the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of such person to engage in any activity described in paragraph (f)(3)(i) of this section, or to be associated with persons engaged in any such activity;Relationships

~~(5)~~There ~~Such~~are ~~person~~no ~~was~~family ~~found~~relationships among byour aofficers, ~~court~~directors ~~of competent jurisdiction in a civil action~~ or bypersons ~~the~~nominated ~~Commission~~for ~~to have violated any Federal or State securities law, and the judgment in~~ such ~~civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;~~positions.

~~(6)~~Involvement ~~Such person was found by a court of competent jurisdiction~~ in aCertain civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;Legal Proceedings

~~(7) Such person was~~ During the ~~subject~~past ~~of,~~ten oryears ano ~~party to~~director, ~~any~~executive ~~Federal or State judicial or administrative order~~officer, ~~judgment,~~promoter ~~decree,~~ or ~~finding,~~control ~~not~~person ~~subsequently~~of ~~reversed,~~the ~~suspended~~Company orhas ~~vacated,~~been ~~relating~~involved toin anthe ~~alleged violation of~~following:

i.(1) ~~Any~~A petition under the Federal bankruptcy laws or ~~State~~any ~~securities~~state insolvency law which was filed by or ~~commodities~~against, ~~law~~or a receiver, fiscal agent or ~~regulation;~~similar officer was appointed by a court for the business or property of such person, or any partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;

~~ii.~~(2) ~~Any~~Such ~~law~~person orwas ~~regulation~~convicted ~~respecting~~in ~~financial~~a ~~institutions~~criminal proceeding or ~~insurance~~is ~~companies including, but not limited to,~~ a ~~temporary~~named orsubject ~~permanent injunction, order~~ of ~~disgorgement~~a orpending ~~restitution,~~criminal ~~civil~~proceeding ~~money~~(excluding ~~penalty~~traffic orviolations ~~temporary or permanent cease-~~and~~-desist~~ ~~order,~~other orminor ~~removal or prohibition order~~offenses); or

~~iii.~~(3) ~~Any~~Such ~~law~~person orwas ~~regulation~~the ~~prohibiting~~subject ~~mail~~of orany ~~wire~~order, ~~fraud~~judgment, or ~~fraud~~decree, innot ~~connection~~subsequently ~~with~~reversed, suspended or vacated, of any ~~business~~court ~~entity;~~of competent jurisdiction, permanently or temporarily enjoining him from, or otherwise limiting, the following activities:

~~(8)~~i. ~~Such~~Acting ~~person~~as ~~was~~a ~~the~~futures ~~subject~~commission ofmerchant, orintroducing abroker, ~~party~~commodity totrading advisor, ~~any~~commodity ~~sanction~~pool ~~or order~~operator, ~~not~~floor ~~subsequently reversed~~broker, ~~suspended~~leverage ortransaction ~~vacated~~merchant, of any ~~self-regulatory~~other ~~organization~~person ~~(as~~regulated ~~defined~~by inthe ~~Section~~Commodity ~~3(a)(26)~~Futures ofTrading ~~the~~Commission, ~~Exchange~~or ~~Act~~an ~~(15~~associated ~~U.S.C.~~person ~~78c(a)(26))),~~of any ~~registered~~of ~~entity~~the (foregoing, or as ~~defined~~an ininvestment ~~Section~~adviser, ~~1(a)(29)~~underwriter, ofbroker ~~the~~or ~~Commodity~~dealer ~~Exchange~~in ~~Act~~securities, (7or ~~U.S.C.~~as ~~1(a)(29)))~~an affiliated person, director or employee of any ~~equivalent~~investment ~~exchange~~company, ~~association~~bank, ~~entity~~savings and loan association or ~~organization~~insurance ~~that~~company, ~~has~~or ~~disciplinary~~engaging ~~authority~~in ~~over~~or ~~its~~continuing ~~members~~any conduct or ~~persons~~practice ~~associated~~in connection with asuch ~~member.~~activity;

25ii. Engaging in any type of business practice; or

~~Audit~~iii. ~~Committee~~Engaging ~~and~~in ~~Audit~~any ~~Committee~~activity ~~Financial Expert~~in connection with the purchase or sale of any security or commodity or in connection with any violation of Federal or State securities laws or Federal commodities laws;

~~The~~(4) ~~Company~~Such ~~does~~person ~~not~~was ~~have an~~the ~~audit~~subject ~~committee~~of orany anorder, ~~audit~~judgment ~~committee~~or ~~financial~~decree, ~~expert~~not ~~(as~~subsequently ~~defined~~reversed, insuspended ~~Item~~or ~~407~~vacated, of ~~Regulation~~any ~~S-K)~~Federal ~~serving~~or onState ~~its~~authority ~~Board~~barring, ofsuspending ~~Directors. All~~or ~~current~~otherwise ~~members~~limiting offor ~~the~~more ~~Board~~than of60 ~~Directors~~days ~~have~~the ~~sufficient~~right ~~financial~~of ~~expertise~~such ~~for~~person ~~overseeing~~to ~~financial~~engage ~~reporting~~in ~~responsibilities. The~~any ~~Company~~activity ~~has~~described ~~not~~in ~~yet~~paragraph ~~employed~~(f)(3)(i) anof ~~audit~~this ~~committee~~section, ~~financial~~or ~~expert~~to onbe ~~its~~associated ~~Board~~with ~~due~~persons toengaged ~~the~~in ~~inability~~any ~~to attract~~ such ~~a person.~~activity;

~~The~~(5) ~~Company~~Such ~~intends~~person ~~to establish~~was anfound ~~audit~~by ~~committee~~a ofcourt ~~the board~~ of ~~directors,~~competent ~~which~~jurisdiction ~~will~~in ~~consist~~a ofcivil ~~independent~~action ~~directors.~~or ~~The~~by ~~audit committee’s duties will be to recommend to~~ the ~~Company’s~~Commission ~~Board of Directors the engagement of an independent registered public accounting firm~~ to ~~audit~~have ~~the~~violated ~~Company’s~~any ~~financial~~Federal ~~statements~~or ~~and~~State tosecurities ~~review the Company’s accounting and auditing principles. The audit committee will review the scope~~law, ~~timing~~ and ~~fees for~~ the ~~annual~~judgment ~~audit~~in ~~and~~such ~~the~~civil ~~results~~action ofor ~~audit~~finding ~~examinations performed~~ by ~~the~~ ~~internal auditors and independent registered public accounting firm, including their recommendations to improve~~ the ~~system of~~Commission ~~accounting~~has ~~and~~not ~~internal~~been ~~controls.~~subsequently ~~The audit committee will at all times be composed exclusively of directors who are~~reversed, ~~in the opinion of the Company’s Board of Directors~~suspended, ~~free~~or from any relationship which would interfere with the exercise of independent judgment as a committee member and who possess an understanding of financial statements and generally accepted accounting principles.vacated;

~~Code~~(6) Such person was found by a court of ~~Ethics~~competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;

~~The~~(7) ~~Company~~Such ~~has~~person ~~not~~was ~~adopted a~~the ~~Code~~subject of, ~~Ethics~~or ~~because~~a ~~the~~party ~~Company has only one director~~to, ~~who~~any ~~also~~Federal ~~serves~~or asState ~~sole~~judicial ~~executive~~or ~~officer~~administrative oforder, ~~the~~judgment, ~~Company~~decree, ~~and~~or ~~the~~finding, ~~Board of Directors chose~~ not tosubsequently ~~reduce~~reversed, tosuspended ~~writing~~or ~~standards~~vacated, ~~designed~~relating to ~~deter~~an ~~wrongdoing~~alleged ~~and~~violation ~~promote honest and ethical conduct. The Board~~ of ~~Directors believes that the Company’s very small size and the limited number of personnel who are responsible for its operations make a formal Code of Ethics unnecessary.~~:

~~Compliance~~i. ~~with~~Any ~~Section~~Federal ~~16(a)~~or ofState ~~the~~securities ~~Exchange~~or ~~Act~~commodities law or regulation; or

Weii. doAny ~~not~~law ~~yet~~or ~~have~~regulation arespecting ~~class of~~financial ~~equity~~institutions ~~securities~~or ~~registered~~insurance ~~under~~companies ~~the~~including, ~~Securities~~but ~~Exchange~~not ~~Act~~limited ofto, ~~1934~~a temporary or permanent injunction, asorder ~~amended. Hence~~of disgorgement or restitution, ~~compliance~~civil ~~with~~money ~~Section 16(a)~~penalty ~~thereof~~or bytemporary ~~our~~or ~~officers~~permanent cease-and-desist ~~directors~~order, isor ~~not~~removal ~~required.~~or prohibition order; or

iii.

Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or

(8)

Such person was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Audit Committee and Audit Committee Financial Expert

The Company does not have an audit committee or an audit committee financial expert (as defined in Item 407 of Regulation S-K) serving on its Board of Directors. All current members of the Board of Directors have sufficient financial expertise for overseeing financial reporting responsibilities. The Company has not yet employed an audit committee financial expert on its Board due to the inability to attract such a person.

The Company intends to establish an audit committee of the board of directors, which will consist of independent directors. The audit committee’s duties will be to recommend to the Company’s Board of Directors the engagement of an independent registered public accounting firm to audit the Company’s financial statements and to review the Company’s accounting and auditing principles. The audit committee will review the scope, timing and fees for the annual audit and the results of audit examinations performed by the internal auditors and independent registered public accounting firm, including their recommendations to improve the system of accounting and internal controls. The audit committee will at all times be composed exclusively of directors who are, in the opinion of the Company’s Board of Directors, free from any relationship which would interfere with the exercise of independent judgment as a committee member and who possess an understanding of financial statements and generally accepted accounting principles.

Code of Ethics

The Company has not adopted a Code of Ethics because the Company has only two directors, one of whom also serves as sole executive officer of the Company. The Board of Directors chose not to reduce to writing standards designed to deter wrongdoing and promote honest and ethical conduct as they believe that the Company’s very small size and the limited number of personnel who are responsible for its operations make a formal Code of Ethics unnecessary.

Compliance with Section 16(a) of the Exchange Act

We do not yet have a class of equity securities registered under the Securities Exchange Act of 1934, as amended. Hence, compliance with Section 16(a) thereof by our officers and directors is not required.

ITEM 11. EXECUTIVE COMPENSATION

Summary Compensation Table

The following table sets forth the compensation paid to our executive officers during the twelve month periods ended March 31, ~~2019~~2020 and March 31, ~~2018~~2019:

Summary Compensation Table
Name and Principal Positions	Year	~~Year~~Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	~~Salary~~Non-Equity Incentive Plan Compensation ($)	Non-Qualified Deferred Compensation in Earnings ($)	All Other Compensation ($)	Total ($)	~~Bonus ($)~~		~~Stock Awards ($)~~		~~Option Awards ($)~~		~~Non-Equity Incentive Plan Compensation ($)~~		~~Non-Qualified Deferred Compensation in Earnings ($)~~		~~All Other Compensation ($)~~			~~Total ($)~~
Alan Smith – President, CEO, Treasurer, and Director (1)			2019			$	0			$	0	$	0	$	0	$	0	$	0		$90,000	(3)	$	90,000
Alan Smith – President, CEO, , Treasurer, and Director (1)	2020	$0	$0	$0	$0	$0	$0	$100,907(3)	$100,907
			2018			$	0			$	0	$	0	$	0	$	0	$	0		$90,000		$	90,000
	2019	$0	$0	$0	$0	$0	$0	$90,0000 (3)	$90,000
Richard Stifel – CFO, Secretary and Director (2)			2019			$	0			$	0	$	0	$	0	$	0	$	0		$60,000	(4)	$	60,000
Richard Stifel-CFO, Secretary and Director (2)	2020	$0	$0	$0	$0	$0	$0	$0	$0
			2018			$	0			$	0	$	0	$	0	$	0	$	0		$90,000		$	90,000
	2019	$0	$0	$0	$0	$0	$0	$60,000 (4)	$60,000

	(1)	Mr. Smith was appointed as the Company’s sole Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director on March 5, 2014.
	(2)	Mr. Stifel was appointed as the Company's Chief Financial Officer, Secretary and a Director on October 1, 2014. Mr. Stifel resigned from all positions with the Company on November 30, 2018.
	(3)	Mr. Smith’s compensation was paid directly to his wholly owned company Evolution Equities Corporation.
	(4)	Mr. Stifel’s compensation was paid directly to his wholly owned company RGS Resources LLC.

(1) Mr. Smith was appointed as the Company’s sole Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Director on March 5, 2014.

(2) Mr. Stifel was appointed as the Company's Chief Financial Officer, Secretary and a Director on October 1, 2014. Mr. Stifel resigned from all positions with the Company on November 30, 2018.

(3) Mr. Smith’s compensation was paid in cash directly to his wholly owned company Evolution Equities Corporation.

(4) Mr. Stifel’s compensation was paid in cash directly to his wholly owned company RGS Resources LLC.

Narrative Disclosure to Summary Compensation Table

There are no employment contracts, compensatory plans or arrangements, including payments to be received from the Company with respect to any executive officer, that would result in payments to such person because of his or her resignation, retirement or other termination of employment with the Company, or its subsidiaries, any change in control, or a change in the person’s responsibilities following a change in control of the Company . The Board of Directors has not currently approved any agreements which would call for a payout or termination benefits on any of these items.

Outstanding Equity Awards at Fiscal Year-End

No officer(s) or director(s) of the Company received any equity awards, or holds exercisable or non-exercisable options, as of the year ended March 31, ~~2019~~2020.

Long-Term Incentive Plans

There are no arrangements ofor plans in which we provide pension, retirement or similar benefits for director(s) or executive officer(s).

Compensation of Directors

Our directors receive no extra compensation for their service on our Board of Directors.

Compensation Committee

We currently do not have a compensation committee of the Board of Directors. The Board of Directors as a whole determines executive compensation.

ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth certain information concerning the number of shares of our Common Stock owned beneficially as of March 31, ~~2019~~2020, by: (i) each of our director(s); (ii) each of our named executive officer(s); and (iii) each person or group known by us to beneficially own more than 5% of our outstanding shares of common stock. Unless otherwise indicated, the shareholders listed below possess sole voting and investment power with respect to the shares they own.

Name and Address of Beneficial Owner	Title of Class	Amount and Nature of Beneficial Ownership (1) ~~(#)~~	Percent of Class (2) (%)
Alan Smith (3) 6501 E Greenway Pkwy #103-412 Scottsdale, AZ 85254	Common	10,962,017	5.38%
Dr Judy Pham (4) 578 Washington Blvd Ste 578 Marina Del Rey, CA 90292	Common	53,727,273	26.36%
All Officers and Directors as a Group (2)	Common	10,962,017	5.38%

(1)

The number and percentage of shares beneficially owned is determined under rules of the SEC and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rules, beneficial ownership includes any shares as to which the individual has sole or shared voting power or investment power and also any shares which the individual has the right to acquire within 60 days through the exercise of any stock option or other right. The persons named in the table have sole voting and investment power with respect to all shares of common stock shown as beneficially owned by them, subject to community property laws where applicable and the information contained in the footnotes to this table.

(2) Based on ~~203~~220,~~832~~685,~~914~~606 issued and outstanding shares of our Common Stock as of March 31, ~~2019~~2020.

(3)

Alan Smith, an officer and director, owns 10,962,017 shares of our Common Stock.

(4)

Dr. Judy Pham is the sole Member of Alchemy Capital LLC which in turn owns 53,727,273 shares of our Common Stock.

Changes in Control

There are no present arrangements or pledges of the Company’s securities which may result in a change in control of the Company.

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ITEM 13.

CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

Related Party Transactions

None of the director(s) or executive officer(s) of the Company, nor any person who owned of record or was known to own beneficially more than 5% of the Company’s outstanding shares of its Common Stock, nor any associate or affiliate of such persons or companies, has any material interest, direct or indirect, in any transaction that has occurred during the past fiscal year, or in any proposed transaction, which has materially affected or will affect the Company except as noted below.

Subsequent to March 31, 2020, the Company entered into a Securities Purchase Agreement pursuant to which the Company agreed to issue 11,750,000 restricted shares to Trilogy Capital LLC for $94,000. The proceeds from the sale of the Shares were used to pay off the outstanding Convertible Promissory Note dated April 24, 2019 issued to St. George Investments, LLC.

Additionally, the Company entered into an Exchange Agreement with Trilogy Capital LLC, in which the Company agreed to purchase from Trilogy all of the capital stock of GPS Associates, Inc. (GPS), in exchange for 215,250,000 shares in the Company. Dr. Judy Pham is the sole member and manager of Trilogy. The Company and its Board of Directors believed it was in its best interest to acquire GPS in order to increase its revenues and cash flow.. The Board determined the purchase price based on negotiations with the Seller, inclusive of the terms available for the sale.

Dr. Pham is the sole member of Alchemy Capital, LLC which owns 53,727,273 shares of the Company’s common stock . As a result of these issuance, through her ownership in Trilogy and Alchemy now beneficially owns 249,727,273shares representing % of the outstanding shares of common stock in the Company .

With regard to any future related party transaction, we plan to fully disclose any and all related party transactions in the following manner:

☐ x disclosing such transactions in reports where required; ~~☐ disclosing in any and all filings with the SEC, where required; ☐ obtaining disinterested directors’ consent; and ☐ obtaining shareholder consent where required.~~

x disclosing in any and all filings with the SEC, where required;

x obtaining disinterested directors’ consent; and

x obtaining shareholder consent where required.

Director Independence

For purposes of determining director independence, we have applied the definitions set out in NASDAQ Rule 5605(a)(2). The OTCBB on which shares of Common Stock are quoted does not have any director independence requirements. The NASDAQ definition of “Independent Director” means a person other than an Executive Officer or employee of the Company or any other individual having a relationship which, in the opinion of the Company’s Board of Directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director.

According to the NASDAQ definition, Alan Smith is not an independent director because he is also an executive officer of the Company.

Review, Approval or Ratification of Transactions with Related Persons

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

~~ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES~~37

	Year Ended March 31, 2019		Year Ended March 31, 2018
Audit fees	$	32,940	$	24,300
Audit-related fees	$	0	$	0
Tax fees	$	0	$	0
All other fees	$	0	$	0
Total	$	32,940	$	24,300

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

~~Audit~~The Company has selected BF Borgers CPA PC as our principal auditor. ~~Fees~~We do not anticipate they will be present at the next stockholder’s meeting. The fees shown below reflect the fees billed to us by BF Borgers CPA PC during the respective periods.

During the fiscal year ended March 31, 2019, we incurred approximately $32,940 in fees to our principal independent accountants for professional services rendered in connection with the audit and review of our financial statements for fiscal year ended March 31, 2019.

	Year Ended March 31, 2020		Year Ended March 31, 2019
Audit fees	$	31,320	$	32,940
Audit-related fees	$	0	$	0
Tax fees	$	0	$	0
All other fees	$	0	$	0
Total	$	31,320	$	32,940

~~During the~~Audit ~~fiscal~~Fees year ended March 31, 2018, we incurred approximately $24,300 in fees to our principal independent accountants for professional services rendered in connection with the audit and review of our financial statements for fiscal year ended March 31, 2018.

~~Audit-Related~~During the fiscal year ~~Fees~~ended March 31, 2020, we incurred approximately $31,320 in fees to our principal independent accountants for professional services rendered in connection with the audit and review of our financial statements for fiscal year ended March 31, 2020.

~~The aggregate~~During ~~fees billed during~~ the fiscal ~~years~~ year ended March 31, 2019, ~~and~~we ~~2018~~incurred ~~for~~approximately ~~assurance~~$32,940 ~~and~~in ~~related~~fees ~~services~~to by our principal independent accountants ~~that~~for ~~are~~professional ~~reasonably~~services rendered ~~related~~in toconnection ~~the~~with ~~performance of~~ the audit orand review of our financial statements ~~(and are~~for ~~not~~fiscal ~~reported~~year ~~under~~ended ~~Item 9(e)(1)~~March ~~of Schedule 14A) were $nil and $nil~~31, ~~respectively~~2019.

~~Tax~~ Audit-Related Fees

The aggregate fees billed during the fiscal years ended March 31, ~~2019~~2020 and ~~2018~~2019 for ~~professional~~assurance ~~services~~and ~~rendered~~related services by our principal ~~accountant~~independent ~~tax~~accountants ~~compliance,~~that ~~tax~~are ~~advice~~reasonably related to the performance of the audit or review of our financial statements (and are ~~tax~~not ~~planning~~reported under Item 9(e)(1) of Schedule 14A) were $nil ~~and~~ and $nil, respectively.

~~All Other~~Tax Fees

The aggregate fees billed during the fiscal years ended March 31, ~~2019~~2020 and ~~2018~~2019 for ~~products~~ ~~and~~professional services ~~provided~~rendered by our principal accountant ~~independent~~tax ~~accountants~~compliance, ~~(other~~tax ~~than~~advice ~~the~~and ~~services~~tax ~~reported~~planning ~~in Items 9(e)(1) through 9(e)(3) of Schedule 14A)~~ were $~~32,940~~nil and $24nil,~~300,~~ respectively.

28All Other Fees

~~PART~~The aggregate fees billed IVduring the fiscal years ended March 31, 2020 and 2019 for products and services provided by our principal independent accountants (other than the services reported in Items 9(e)(1) through 9(e)(3) of Schedule 14A) were $31,320 and $32,940, respectively.

In the above table, in accordance with the SEC’s definitions and rules, “audit fees” are fees for professional services for the audit of a company’s financial statements included in the annual report on Form 10-K, for the review of a company’s financial statements included in the quarterly reports on Form 10-Q, and for services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements; “audit-related fees” are fees for assurance and related services that are reasonably related to the performance of the audit or review of a company’s financial statements; “tax fees” are fees for tax compliance, tax advice, and tax planning; and “all other fees” are fees for any services not included in the first three categories.

Our policy is to pre-approve all audit and permissible non-audit services performed by the independent accountants. These services may include audit services, audit-related services, tax services and other services. We do not currently have an Independent Audit Committee. Our Board of Directors approved all services that our independent accountants provided to us in the past two fiscal years.

PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

Exhibit Number	Description of Exhibit	Filing
31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	Filed herewith.
31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	Filed herewith.
32.01	CEO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith
32.02	CFO Certification Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith
101.INS*	XBRL Instance Document	Filed herewith.
101.SCH*	XBRL Taxonomy Extension Schema Document	Filed herewith.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document	Filed herewith.
101.LAB*	XBRL Taxonomy Extension Labels Linkbase Document	Filed herewith.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document	Filed herewith.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document	Filed herewith.

(b)

*Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

MOUNTAIN HIGH ACQUISITIONS CORP.

Dated: ~~June~~July 242, ~~2019~~2020 ~~/s/ Alan Smith~~

/s/ Alan Smith

By: Alan Smith

Its: President, CEO, CFO, Secretary, Treasure and Director

Pursuant to the requirement of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated:

Dated: ~~June~~July 242, ~~2019~~2020 ~~/s/ Alan Smith~~

/s/ Alan Smith

Alan Smith

Its: President, CEO, CFO, Secretary, Treasurer and Director

3040

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