Overview
- TickerBUDZ on OTC1
- IndustryServices-Commercial Physical & Biological Research1
- HeadquartersTucson, Arizona1
- Incorporated inNV2
- Business address4920 N. Post Trail, Tucson, Az 857502
- Filer categoryNon-accelerated filer, Smaller reporting company2
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We were originally incorporated under the name Plae, Inc., in the State of Arizona on August 20, 1999. At the time we operated under the name Plae, Inc., no business was conducted. No books or records were maintained and no meetings were held. In essence, nothing was done after incorporation until Glenn E. Martin took possession of Plae, Inc. in January 2005. On February 18, 2005, the corporate name was changed to King Mines, Inc. and then subsequently changed to its current name, United Mines, Inc., on March 30, 2005. No shares were issued until the Company became United Mines, Inc. From 2005 until 2015, we were an exploration stage mineral exploration company that owned a number of unpatented BLM mining claims and Arizona State Land Department exploration leases.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| REVENUE | $0 | $0 |
| COST OF GOOD SOLD | $0 | $0 |
| GROSS PROFIT | $0 | $0 |
| General and administrative expenses | $1.1M | $351.1K |
| Professional fees | $177.1K | $156.3K |
| Depreciation & amortization | $22.5K | $22.6K |
| Total operating expenses | $1.3M | $530.0K |
| NET OPERATING LOSS | -$1.3M | -$530.0K |
| Interest expense | -$43.9K | -$15.3K |
| Other income | $0 | $35.0K |
| Loss on dissolution of subsidiary | -$637 | $0 |
| TOTAL OTHER INCOME (EXPENSE) | -$44.5K | $19.7K |
| NET LOSS BEFORE INCOME TAX | -$1.4M | -$510.3K |
| INCOME TAX EXPENSE | $33 | $399 |
| NET LOSS | -$1.4M | -$510.7K |
| OTHER COMPREHENSIVE INCOME (LOSS) | $1.2K | $799 |
| COMPREHENSIVE LOSS | -$1.4M | -$509.9K |
| Outstanding - basic and fully diluted | 135.9M shares | 124.1M shares |
| Net loss per share - basic and fully diluted | -$0.01 | -$0.00 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2014-11-30 |
|---|---|---|---|---|
| Cash | $33.1K | $159.4K | $290.4K | |
| Prepaid expenses | $10.7K | $26.5K | ||
| Other current asset | $3.9K | $4.1K | ||
| TOTAL CURRENT ASSETS | $47.7K | $189.9K | ||
| Land | $258.3K | $258.3K | ||
| Building | $218.7K | $218.7K | ||
| Computers & equipment | $147.8K | $147.8K | ||
| Property and equipment, gross | $624.8K | $624.8K | ||
| Less: Accumulated depreciation | -$148.3K | -$128.4K | ||
| Property and equipment, net | $476.5K | $496.4K | ||
| Grower license | $667 | $667 | ||
| Trademark | $50.0K | $50.0K | ||
| Intangible assets, gross | $50.7K | $50.7K | ||
| Less: Accumulated amortization | -$19.7K | -$17.1K | ||
| Intangible assets, net | $31.0K | $33.6K | ||
| ROU asset | $4.8K | $18.5K | ||
| TOTAL ASSETS | $559.9K | $738.4K | ||
| Accounts payable | $179.9K | $167.6K | ||
| Accrued expense | $111.3K | $84.9K | ||
| Accrued officer compensation | $369.8K | $202.8K | ||
| Accrued interest | $33.4K | $16.9K | ||
| Notes payable, related parties | $503.0K | $423.3K | ||
| Asset retirement obligation | $35.8K | $35.8K | ||
| Lease liability | $4.8K | $18.5K | ||
| Due to officer | $10.4K | $9.7K | ||
| TOTAL CURRENT LIABILITIES | $1.2M | $959.4K | ||
| TOTAL LIABILITIES | $1.2M | $959.4K | ||
| Common stock, $0.001 par value, 200,000,000 authorized, 147,432,685 and 125,432,685 issued and outstanding, respectively | $147.4K | $125.4K | ||
| Additional paid-in capital | $85.1M | $84.2M | ||
| Subscription payable | $386.2K | $386.2K | ||
| Accumulated deficit | -$86.3M | -$84.9M | ||
| Foreign currency translation | $2.8K | $4.0K | ||
| TOTAL STOCKHOLDERS' EQUITY | -$688.4K | -$221.0K | $255.3K | |
| TOTAL LIABILITIES & STOCKERHOLDERS' EQUITY | $559.9K | $738.4K | ||
| Common Stock, Par Value | $0.00 | $0.00 | $0.00 | |
| Common stock shares, authorized | 200.0M shares | 200.0M shares | 200.0M shares | |
| Common stock shares, issued | 147.4M shares | 125.4M shares | ||
| Common stock shares, outstanding | 147.4M shares | 125.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2014-11-30 |
|---|---|---|---|---|
| Cash | $33.1K | $159.4K | $290.4K | |
| Prepaid expenses | $10.7K | $26.5K | ||
| Other current asset | $3.9K | $4.1K | ||
| TOTAL CURRENT ASSETS | $47.7K | $189.9K | ||
| Land | $258.3K | $258.3K | ||
| Building | $218.7K | $218.7K | ||
| Computers & equipment | $147.8K | $147.8K | ||
| Property and equipment, gross | $624.8K | $624.8K | ||
| Less: Accumulated depreciation | -$148.3K | -$128.4K | ||
| Property and equipment, net | $476.5K | $496.4K | ||
| Grower license | $667 | $667 | ||
| Trademark | $50.0K | $50.0K | ||
| Intangible assets, gross | $50.7K | $50.7K | ||
| Less: Accumulated amortization | -$19.7K | -$17.1K | ||
| Intangible assets, net | $31.0K | $33.6K | ||
| ROU asset | $4.8K | $18.5K | ||
| TOTAL ASSETS | $559.9K | $738.4K | ||
| Accounts payable | $179.9K | $167.6K | ||
| Accrued expense | $111.3K | $84.9K | ||
| Accrued officer compensation | $369.8K | $202.8K | ||
| Accrued interest | $33.4K | $16.9K | ||
| Notes payable, related parties | $503.0K | $423.3K | ||
| Asset retirement obligation | $35.8K | $35.8K | ||
| Lease liability | $4.8K | $18.5K | ||
| Due to officer | $10.4K | $9.7K | ||
| TOTAL CURRENT LIABILITIES | $1.2M | $959.4K | ||
| TOTAL LIABILITIES | $1.2M | $959.4K | ||
| Common stock, $0.001 par value, 200,000,000 authorized, 147,432,685 and 125,432,685 issued and outstanding, respectively | $147.4K | $125.4K | ||
| Additional paid-in capital | $85.1M | $84.2M | ||
| Subscription payable | $386.2K | $386.2K | ||
| Accumulated deficit | -$86.3M | -$84.9M | ||
| Foreign currency translation | $2.8K | $4.0K | ||
| TOTAL STOCKHOLDERS' EQUITY | -$688.4K | -$221.0K | $255.3K | |
| TOTAL LIABILITIES & STOCKERHOLDERS' EQUITY | $559.9K | $738.4K | ||
| Common Stock, Par Value | $0.00 | $0.00 | $0.00 | |
| Common stock shares, authorized | 200.0M shares | 200.0M shares | 200.0M shares | |
| Common stock shares, issued | 147.4M shares | 125.4M shares | ||
| Common stock shares, outstanding | 147.4M shares | 125.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$1.4M | -$510.7K |
| Depreciation and amortization | $22.5K | $22.6K |
| Debt discount amortization | $10.3K | $10.3K |
| Imputed Interest on RP Loans | $16.0K | $1.2K |
| Estimated fair value of stock based compensation | $800.0K | $20.0K |
| Estimated fair value of shares issued for services | $90.0K | $14.0K |
| Prepaid expenses and deposits | $16.0K | -$1.1K |
| Accounts Payable | $12.4K | -$16.0K |
| Accrued expenses | $210.0K | $44.2K |
| NET CASH USED IN OPERATING ACTIVITIES | -$195.1K | -$415.5K |
| Increase in due to officer | $700 | $8.9K |
| Proceeds from notes payable - related party | $199.4K | $310.0K |
| Repayments on notes payable - related party | -$130.0K | -$30.0K |
| Repayments of Notes Payable | $0 | $3.7K |
| NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | $70.1K | $285.3K |
| NET CHANGE IN CASH | -$125.0K | -$130.3K |
| EFFECT OF EXCHANGE RATE ON CASH | -$1.2K | -$799 |
| Income taxes | $33 | $399 |
| Interest paid | $0 | $1.2K |
No quarter-by-quarter statement was filed.
What it owns
What WEED, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $258.3K6 Dec 31, 2025 | $258.3K6 Dec 31, 2024 | 0% |
| Buildings and improvements | $218.7K6 Dec 31, 2025 | $218.7K6 Dec 31, 2024 | 0% |
| Machinery and equipment | $147.8K6 Dec 31, 2025 | $147.8K6 Dec 31, 2024 | 0% |
| Property and equipment, before depreciation | $624.8K6 Dec 31, 2025 | $624.8K6 Dec 31, 2024 | 0% |
| Accumulated depreciation | $148.3K6 Dec 31, 2025 | $128.4K6 Dec 31, 2024 | +15.5% |
| Property and equipment, net | $476.5K6 Dec 31, 2025 | $496.4K6 Dec 31, 2024 | −4.0% |
| Finance-lease assets | $4.8K6 Dec 31, 2025 | ||
| Operating-lease assets (leased space) | $4.8K6 Dec 31, 2025 | $18.5K6 Dec 31, 2024 | −74.4% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Indefinite-lived intangibles (excluding goodwill) | $31.0K6 Dec 31, 2025 | $33.6K6 Dec 31, 2024 | −7.7% |
| Finite-lived intangibles, gross | $50.7K6 Dec 31, 2025 | $50.7K6 Dec 31, 2024 | 0% |
| Accumulated amortization | $19.7K6 Dec 31, 2025 | $17.1K6 Dec 31, 2024 | +15.2% |
| Finite-lived intangibles, net | $31.0K6 Dec 31, 2025 | $33.6K6 Dec 31, 2024 | −7.7% |
| Licenses, net | $6676 Dec 31, 2025 | $6676 Dec 31, 2024 | 0% |
Properties, in its own words
New York Property
On November 22, 2021, we acquired certain improved property located in Westfield, New York from DiPaolo for a total purchase price of $477,000. The property is approximately 44 acres and has unlimited water extraction rights from the State of New York. We plan to use this property as our inroads to the New York hemp and infused beverage markets in the future.
Item 2 of the 10-K filed Apr 8, 2026.3
Leadership
Who has led WEED, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerGlenn E. Martin Dec 22, 2011 to Aug 14, 201814
- Chief executive officerRobert A. Leitzman Dec 23, 2009 to Dec 23, 200915
- ChairGlenn E. Martin Oct 15, 2009 to Dec 22, 201116
- PresidentGlenn E. Martin Oct 15, 2009 to Dec 22, 201116
- Chief financial officerGlenn E. Martin Dec 22, 2011 to Aug 14, 201814
- Chief financial officerRobert A. Leitzman Oct 15, 2009 to Oct 15, 200917
Board members and other officers (14)
- Vice PresidentRobert A. Leitzman Dec 22, 2011 to Dec 22, 201118
- Former Officer and DirectorDonald J. Steinberg Oct 15, 2009 to Oct 15, 200919
- Secretary and TreasurerNicole M. Breen Oct 15, 2009 to now20
- Vice PresidentRobert A. Metz Oct 15, 2009 to Dec 22, 201121
- Senior Vice PresidentGlynn A. Burkhardt Dec 23, 2009 to Dec 23, 200922
- Board memberElliot Kwestel Aug 6, 2019 to Aug 8, 201923
- Board memberGlenn E. Martin Aug 14, 2018 to Aug 14, 201824
- Board memberLawrence G. Dykers Dec 13, 2011 to Dec 22, 201125
- Board memberDonald J. Steinberg Oct 15, 2009 to Oct 15, 200919
- Board memberNicole M. Breen Oct 15, 2009 to now20
- Board memberRobert A. Leitzman Oct 15, 2009 to Dec 22, 201117
- Board memberRobert A. Metz Oct 15, 2009 to Dec 22, 201121
- Board memberRoger McCaslin Dec 10, 2009 to Dec 22, 201126
- Board memberGlynn A. Burkhardt Dec 23, 2009 to Dec 23, 200922
Former names
- UNITED MINES INCMar 14, 2007 to Sep 16, 20142
Timeline
Filings
55 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 2 major events, 23 insider forms, 9 other. The latest 20:
- Aug 21, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 202610-Q EDGAR
- Jul 1, 2026144 EDGAR
- Jun 12, 20264 PRIMARY DOCUMENT EDGAR
- May 15, 202610-Q EDGAR
- Apr 8, 202610-K EDGAR
- Mar 31, 2026NT 10-K FORM NT 10-K FILING EDGAR
- Mar 19, 2026144 EDGAR
- Feb 24, 20264 PRIMARY DOCUMENT EDGAR
- Dec 29, 202510-Q/A EDGAR
- Dec 23, 202510-Q EDGAR
- Dec 4, 2025144 EDGAR
- Nov 14, 2025NT 10-Q FORM NT 10-Q FILING EDGAR
- Aug 15, 2025144 EDGAR
- Aug 14, 202510-Q EDGAR
- May 15, 202510-Q EDGAR
- Mar 31, 202510-K WEED, INC. FORM 10-K EDGAR
- Nov 14, 202410-Q EDGAR
- Aug 14, 202410-Q EDGAR
- May 15, 202410-Q EDGAR
The 55 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
48 open-market trades by officers, directors and large owners since October 2021: 0 buys and 48 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 18, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 50,000 | $0.03 | $1.5K | Form 4 |
| Aug 13, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 80,000 | $0.25 | $20.0K | Form 4 |
| Aug 7, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 50,000 | $0.03 | $1.5K | Form 4 |
| Aug 6, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 50,000 | $0.03 | $1.5K | Form 4 |
| May 29, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 5,008 | $0.04 | $200 | Form 4 |
| May 8, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 50 | $0.04 | $2 | Form 4 |
| May 6, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 106,000 | $0.03 | $3.2K | Form 4 |
| Feb 12, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 35,000 | $0.03 | $1.1K | Form 4 |
| Feb 11, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 37,000 | $0.03 | $1.1K | Form 4 |
| Feb 4, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 58,980 | $0.04 | $2.4K | Form 4 |
| Feb 3, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 40,000 | $0.03 | $1.2K | Form 4 |
| Feb 2, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 31,625 | $0.04 | $1.3K | Form 4 |
| Jan 22, 2026 | BREEN NICOLE MSecretary and Treasurer | Sale | 38,000 | $0.04 | $1.5K | Form 4 |
| May 6, 2022 | BREEN NICOLE MSecretary and Treasurer | Sale | 30,000 | $0.19 | $5.7K | Form 4 |
| Apr 26, 2022 | BREEN NICOLE MSecretary and Treasurer | Sale | 20,000 | $0.21 | $4.2K | Form 4 |
| Apr 18, 2022 | BREEN NICOLE MSecretary and Treasurer | Sale | 35,000 | $0.24 | $8.4K | Form 4 |
| Mar 28, 2022 | BREEN NICOLE MSecretary and Treasurer | Sale | 20,000 | $0.28 | $5.6K | Form 4 |
| Mar 25, 2022 | BREEN NICOLE MSecretary and Treasurer | Sale | 45,000 | $0.25 | $11.2K | Form 4 |
| Mar 9, 2022 | BREEN NICOLE MSecretary and Treasurer | Sale | 15,000 | $0.19 | $2.9K | Form 4 |
| Feb 28, 2022 | BREEN NICOLE MSecretary and Treasurer | Sale | 18,449 | $0.19 | $3.5K | Form 4 |
All 48 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
SEC filer profile
How WEED, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWEED, INC.1
- CIK0001393772
- Employer ID (EIN)83-04522693
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inNevada3
- Fiscal year endsDecember 311
- Industry code (SIC)8731 Services-Commercial Physical & Biological Research1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address4920 N. Post Trail, Tucson, AZ 857501
- Phone520-818-85821
- Shares outstanding148,312,685 as of Aug 14, 202613
- Public float$1.5M as of Jun 30, 20253
- AuditorM&K CPAS, PLLC, Woodlands, Texas PCAOB ID 2738; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceMar 14, 20071
- Filings274 in all: 4 (112), 10-Q (34), 8-K (21), 10-K (11), 3 (11), NT 10-Q (11), UPLOAD (11), 424B3 (10)1
All 30 form types
S-1/A (10), 144 (7), NT 10-K (4), 1-A/A (3), CORRESP (3), EFFECT (3), 10-K/A (2), 10-Q/A (2), 253G2 (2), 8-A12G (2), DEF 14A (2), DEF 14C (2), S-1 (2), 1-A (1), 15-12G (1), 4/A (1), D (1), D/A (1), DEFA14A (1), POS AM (1), QUALIF (1), REGDEX (1)
- Latest filingsAnnual report (10-K) Apr 8, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Jul 20, 2012
Latest 8-K (8-K) Aug 4, 2022
Risk factors and legal proceedings
The risks WEED, INC. names in Item 1A of its 10-K filed Apr 8, 2026: 19 risks under these headings, as written.3
- Substantial doubt about our ability to continue as a going concern
- We have a limited operating history and historical financial information upon which you may evaluate our performance.
- We may not be able to meet our future capital needs.
- If we cannot obtain additional funding, our research and development efforts may be reduced or discontinued and we may not be able to continue operations.
- One of our current projects is our 5-year cannabis genomic study being conducted by Sangre. In the event that we are unable to complete that study for any reason, such as inability to complete our human clinical trials, or if those trials are not successful, then it could significantly impact our business.
- Our research plan, which is focused on the development and application of cannabis-derived compounds for the treatment of human disease and includes our 5-year cannabis genomic study being conducted by Sangre, is dependent upon our ability to complete the necessary research and clinical human trials.
- There can be no guarantee that we will successfully launch WEEDCoin or BUDZCoin.
- Current economic conditions and capital markets are in a period of disruption and instability which could adversely affect our ability to access the capital markets, and thus adversely affect our business and liquidity.
- Our proposed business is dependent on laws pertaining to the cannabis industry.
- The cannabis industry faces strong opposition.
- Cannabis remains illegal under Federal law.
- Laws and regulations affecting the medical cannabis industry are constantly changing, which could detrimentally affect our proposed operations.
The other 7 risks
- If we are unable to recruit and retain qualified personnel, our business could be harmed.
- We may be unable to adequately protect our proprietary rights.
- We may become involved in lawsuits to protect or enforce our patents that would be expensive and time consuming.
- We may be involved in litigation at some in the future.
- We have several opportunities that we may not be able to take advantage of or close without substantial funding.
- Our common stock has been thinly traded and we cannot predict the extent to which a trading market will develop.
- Because we are subject to the “penny stock” rules, the level of trading activity in our stock may be reduced.
Legal proceedings
In the ordinary course of business, we are from time to time involved in various pending or threatened legal actions. The litigation process is inherently uncertain, and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results of operations. However, in the opinion of our management, other than as set forth herein, matters currently pending or threatened against us are not expected to have a material adverse effect on our financial position or results of operations.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARWEED, INC. filings on SEC EDGAR
- 2SEC EDGARWEED, INC. filings on SEC EDGAR
- 3
- 4SEC EDGARWEED, INC. 10-K for fiscal 2019
- 5SEC EDGARWEED, INC. 10-K for fiscal 2022
- 6SEC EDGARWEED, INC. 10-K for fiscal 2024
- 7SEC EDGARWEED, INC. 10-K for fiscal 2020
- 8SEC EDGARWEED, INC. 10-K for fiscal 2021
- 9SEC EDGARWEED, INC. 10-K for fiscal 2023
- 10SEC EDGARWEED, INC. 10-K for fiscal 2022
- 11SEC EDGARWEED, INC. 10-Q for fiscal 2025
- 12SEC EDGARWEED, INC. 10-Q for fiscal 2026
- 13SEC EDGARWEED, INC. 10-Q for fiscal 2026
- 14
- 15
- 16SEC EDGARGlenn E. Martin, Chair
- 17
- 18SEC EDGARRobert A. Leitzman, Vice President
- 19
- 20
- 21SEC EDGARRobert A. Metz, Vice President
- 22
- 23SEC EDGARElliot Kwestel, Board member
- 24SEC EDGARGlenn E. Martin, Board member
- 25SEC EDGARLawrence G. Dykers, Board member
- 26SEC EDGARRoger McCaslin, Board member
- 27
- 28