UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

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

~~SECURITIES~~For ~~AND~~the ~~EXCHANGE~~fiscal ~~ACT~~year OFended: ~~1934~~June 30, 2016

~~For~~¨ TRANSITION ~~the~~REPORT ~~fiscal~~PURSUANT ~~year~~TO ~~ended~~SECTION ~~June~~13 ~~30,~~OR ~~2015~~15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~Commission~~For ~~file~~the ~~number:~~transition ~~000-54528~~period from __________ to __________

~~Golden~~Commission ~~Global~~File ~~Corp.~~Number: 000-54528

Golden Global Corp. (Exact ~~Name~~name of ~~Registrant~~registrant as ~~Specified~~specified in its ~~Charter~~charter)

Nevada	~~47-1460693~~	47-1460693
(State or Other Jurisdiction of	(I.R.S. Employer
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
Incorporation or Organization)	Identification No.)

22106 Montebello Drive, ~~Boca~~Bocan Raton, FL 33433 (Address of Principal Executive Offices)

(~~Address~~561) of430-5935 ~~Principal~~(Registrant’s ~~Executive~~telephone ~~Offices~~number, including area code)

~~Registrant’s~~Securities ~~telephone number,~~registered ~~including~~under ~~area~~Section ~~code:~~ 12(~~561~~b) ~~430-5935~~of the Exchange Act: None

Securities registered ~~pursuant~~ tounder Section 12(bg) of the Exchange Act: ~~None~~

~~Securities~~Common ~~registered~~Stock, ~~pursuant~~par tovalue ~~section 12(g)~~$0.0001 ofper ~~the Act:~~share

~~Common~~Indicate ~~Stock~~by check mark if the registrant is a well-known seasoned issuer, $0as defined in Rule 405 of the Securities Act.~~0001~~ ~~par~~Yes ~~value~~ ¨ No ý

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(~~Title~~d) of ~~class)~~the Act. Yes ¨ No ý

Indicate by check mark ifwhether the registrant is(1) ahas ~~well-known~~filed ~~seasoned~~all ~~issuer,~~reports asrequired ~~defined~~to be filed by ~~Rule~~Section ~~405~~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 xý

Indicate by ~~check~~checkmark ~~mark~~whether if the registrant ishas ~~not~~submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to ~~file~~be ~~reports~~submitted and posted pursuant to ~~Section~~Rule 13405 orof ~~Section~~Regulation 15S-T (d)§232.405 of this chapter) during the ~~Exchange~~preceding ~~Act~~12 months (or for such shorter period that the registrant was required to submit and post such files). Yes xý No ¨

Indicate by check mark ~~whether~~if ~~the~~disclosure ~~registrant~~of delinquent ~~(1)~~filers ~~has~~pursuant ~~filed all reports required~~ to beItem ~~filed~~405 byof ~~Section~~Regulation 13S-K oris ~~15(d)~~not ofcontained ~~the~~herein, ~~Securities~~and ~~Exchange~~will ~~Act~~not ofbe ~~1934~~contained, ~~during~~to the ~~preceding 12~~best ~~months~~of ~~(or~~registrant’s knowledge, ~~for~~in ~~such~~definitive ~~shorter~~proxy ~~period~~or ~~that~~information ~~the~~statements ~~registrant~~incorporated ~~was~~by ~~required~~reference toin ~~file~~Part ~~such~~III ~~reports),~~of ~~and~~this ~~(2)~~Form ~~has~~10-K ~~been~~or ~~subject~~any amendment to ~~such filing~~this ~~requirements~~Form ~~for the past 90 days~~10-K. ~~Yes ¨ No x~~ý

Indicate by check mark whether the registrant ~~has~~is ~~submitted~~a ~~electronically~~large ~~and~~accelerated ~~posted~~filer, onan ~~its~~accelerated ~~corporate Web site~~filer, ifa ~~any~~non-accelerated filer, ~~every~~a ~~Interactive~~smaller ~~Data~~reporting ~~File~~company, ~~required~~or toan beemerging ~~submitted~~growth ~~and~~company. ~~posted~~See ~~pursuant~~the todefinition ~~Rule 405~~ of ~~Regulation~~“large ~~S-T~~accelerated ~~(ss.232.405~~filer,” of“accelerated ~~this~~filer,” ~~chapter)~~“smaller ~~during~~reporting company” ~~the~~and ~~preceding~~“emerging 12growth ~~months~~company” ~~(or~~in ~~for~~Rule ~~such~~12b-2 ~~shorter period~~of ~~that~~ the ~~registrant~~Exchange ~~was required to submit and post such files). Yes ¨ No x~~Act:

Indicate by check mark ifwhether ~~disclosure~~the ofregistrant ~~delinquent filers pursuant to Item 405 of Regulation S-K~~ is ~~not~~a ~~contained~~large ~~herein~~accelerated filer, ~~and~~an ~~will~~accelerated ~~not be contained~~filer, toa ~~the~~non-accelerated ~~best of registrant’s knowledge~~filer, ~~in definitive proxy~~ or ~~information~~a ~~statements~~smaller ~~incorporated~~reporting ~~by reference in Part III of this Form 10-K or any amendment to this Form 10-K~~company. x

~~Indicate~~Large ~~by check mark whether the registrant is a large~~ accelerated filer, an☐ ~~accelerated~~Accelerated filer, a☐ ~~non~~Non-accelerated filer, or☐ ~~smaller~~Smaller reporting company. ~~See~~ý ~~the~~Emerging ~~definitions of~~growth ~~“large accelerated filer,” “accelerated filer” and “smaller reporting~~ company” ~~in Rule 12b-2 of the Exchange Act. (Check one):~~☐

~~Large~~If ~~Accelerated~~an ~~Filer~~emerging ¨growth ~~Accelerated~~company, ~~Filer~~indicate ¨by check ~~Non-accelerated~~mark ~~filer~~if ¨the ~~Smaller~~registrant ~~reporting~~has ~~company~~elected xnot 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 xý

~~State~~The ~~the~~ aggregate market value of ~~the~~registrant’s voting and non-voting common equity held by non-affiliates ~~computed~~(as defined by ~~reference~~Rule to12b-2 ~~the~~of ~~price at which~~ the ~~common~~Exchange ~~equity~~Act) ~~was~~computed ~~sold,~~by reference orto the average bid and asked ~~prices~~price of such common equity ~~as of the last business day of the registrant’s most recently completed second fiscal quarter: $10,400,000~~ on December 31, 2015, was $143,550.

~~The~~As ~~number~~ of ~~shares~~September ~~outstanding~~26, of2018, the ~~issuer’s~~registrant ~~common~~has ~~stock,~~one ~~$.0001~~class ~~par~~of ~~value~~common equity, asand the number of ~~April~~shares ~~13,~~outstanding ~~2016~~of such common equity was 237,~~305~~408,~~158,724 shares~~293.

~~DOCUMENTS~~Documents ~~INCORPORATED~~Incorporated BYBy ~~REFERENCE~~Reference: None.

~~None.~~ii

TABLE OF CONTENTS

		Page
PART I
PART I		4
Item 1.	Business.		2
ITEM 1.	BUSINESS	4
Item 1A.	Risk Factors.		10
ITEM 1A.	RISK FACTORS	5
Item 1B.	Unresolved Staff Comments.		19
ITEM 1B.	UNRESOLVED STAFF COMMENTS	5
Item 2.	Properties.		19
ITEM 2.	PROPERTIES	5
Item 3.	Legal Proceedings.		19
ITEM 3.	LEGAL PROCEEDINGS	6
Item 4.	Mine Safety Disclosures.		19
ITEM 4.	MINE SAFETY DISCLOSURES	6
PART II
PART II		6
Item 5.	Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.		20
ITEM 5.	MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES	6
Item 6.	Selected Financial Data.		21
ITEM 6.	SELECTED FINANCIAL DATA	7
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.		21
ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	7
Item 7A	Quantitative and Qualitative Disclosures About Market Risk.		27
ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	9
Item 8.	Financial Statements.		27
ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	9
Item 9.	Changes In and Disagreements With Accountants on Accounting and Financial Disclosure.		27
ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	9
Item 9A.	Controls and Procedures.		28
ITEM 9A.	CONTROLS AND PROCEDURES	9
Item 9B.	Other Information.		28
ITEM 9B.	OTHER INFORMATION	11
PART III
PART III		11
Item 10.	Directors, Executive Officers and Corporate Governance.		29
ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	11
Item 11.	Executive Compensation.		31
ITEM 11.	EXECUTIVE COMPENSATION	13
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.		32
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	14
Item 13.	Certain Relationships and Related Transactions, and Director Independence.		33
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE	15
Item 14.	Principal Accounting Fees and Services.		34
ITEM 14.	PRINCIPAL ACCOUNTANTS FEES AND SERVICES	16
PART IV
PART IV		16
Item 15.	Exhibits, Financial Statements Schedules.		36
ITEM 15.	EXHIBITS, FINANCIAL STATEMENT SCHEDULES	16
SIGNATURES			40
SIGNATURES		18

2iii

~~PRELIMINARY~~Special ~~NOTES~~Note Regarding Forward-Looking Statements

~~This~~Included ~~annual~~in ~~report~~this ~~contains~~Form 10-K are “forward-looking ” statements, as well as historical information. Although ~~These~~we believe that the expectations reflected in these forward-looking statements are ~~relate~~reasonable, towe ~~future~~cannot ~~events~~assure oryou ~~our~~that ~~future~~the ~~financial~~expectations ~~performance~~reflected in these forward-looking statements will prove to be correct. Our actual Inresults ~~some~~could ~~cases,~~differ ~~you~~materially ~~can~~from ~~identify~~those anticipated in forward-looking statements as a result of certain factors, including matters described in the section titled “Risk Factors.” Forward-looking statements byinclude those that use forward-looking terminology, such as ~~“may”,~~the words “~~should”~~anticipate,” “~~expects”~~believe,” “~~plans”~~estimate,” “~~anticipates”~~expect,” “~~believes”~~intend,” “~~estimates”~~may,” “~~predicts~~project,” “plan,” “~~potential~~will,” or “~~continue~~shall,” ~~or the~~“should,” ~~negative~~and ofsimilar ~~these~~expressions, ~~terms~~including orwhen ~~other~~used ~~comparable~~in ~~terminology~~the negative. Although ~~These~~we ~~statements~~believe ~~are~~that ~~only~~the ~~predictions~~expectations ~~and~~reflected ~~involve~~in these ~~known~~forward-looking ~~and~~statements ~~unknown~~are ~~risks, uncertainties~~reasonable and ~~other factors~~achievable, ~~including~~these ~~the~~statements involve risks inand ~~the~~uncertainties ~~section~~and ~~entitled~~we ~~“Risk~~cannot assure ~~Factors,”~~you that ~~may cause our or our industry’s~~ actual results, ~~levels~~will ofbe ~~activity,~~consistent ~~performance~~with orthese ~~achievements~~forward-looking tostatements. Important befactors ~~materially~~that ~~different~~could cause ~~from~~our ~~any~~actual ~~future~~ results, ~~levels of activity,~~ performance or achievements ~~expressed~~to ordiffer ~~implied~~from by these forward-looking statements. include the following:

~~Although~~● weThe ~~believe~~availability of additional funds to successfully pursue our business plan; ● The cooperation of our lenders; ● The cooperation of industry service partners that ~~the~~have ~~expectations reflected~~signed agreements with us; ● Our ability to market our services to current and new customers and generate customer demand for our products and services in the ~~forward-looking~~geographical ~~statements~~areas ~~are~~in ~~reasonable,~~which we ~~cannot~~operate; ~~guarantee~~● ~~future~~The ~~results,~~impact ~~levels~~of changes in federal and state laws impacting the industries in which we operate; ● Our ability to comply with provisions of ~~activity,~~our ~~performance or~~financing ~~achievements.~~agreements; ~~Except~~● asThe ~~required~~highly competitive nature of agricultural products; ● The acceptance of new technologies by ~~applicable~~mainstream ~~law~~consumers; ● Our ability to retain key personnel; ● Our ability to maintain adequate customer care and manage our churn rate; ● The impact of adverse tax or regulatory rulings or actions affecting our operations, including the ~~securities~~imposition ~~laws~~ of ~~the~~taxes, ~~United~~fees ~~States~~and penalties; ● Our ability to maintain, weattract doand ~~not~~integrate ~~intend~~internal management, technical information and management information systems; ● Our ability to ~~update~~ ~~any~~manage rapid growth while maintaining adequate controls and procedures; ● The availability and maintenance of ~~the~~suitable ~~forward-looking~~vendor ~~statements~~relationships, toin ~~conform~~a ~~these~~timely ~~statements~~manner, at reasonable cost; ● The decrease in prices to ~~actual~~consumers ~~results~~brought about by intense competition in cannabis-related products; and ● General economic conditions.

~~Our~~These ~~financial~~forward-looking statements are ~~stated in~~subject ~~Canadian~~to ~~Dollars~~numerous ~~(CDN$)~~assumptions, risks and ~~are~~uncertainties ~~prepared~~that inmay ~~accordance~~cause ~~with~~our ~~United~~actual ~~States~~results ~~Generally~~to ~~Accepted~~be ~~Accounting~~materially ~~Principles~~different from any future results expressed or implied by us in those statements.

~~All~~These ~~share~~risk factors should be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. All written and ~~per~~oral ~~share~~forward-looking ~~information~~statements ~~has~~made in connection with this Report that are attributable to us or persons acting on ~~been~~our ~~adjusted~~behalf are expressly qualified in their entirety by these cautionary statements. Given these uncertainties, we caution investors not to ~~give~~unduly ~~retroactive~~rely ~~effect~~on our forward-looking statements. We do not undertake any obligation to areview ~~one~~or ~~for~~confirm analysts’ ~~100~~expectations ~~reverse~~or ~~stock~~estimates ~~split~~or ~~implemented~~to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Further, the statements about our intentions contained in ~~December~~this ~~2014~~document are statements of our intentions as of the date of this document and are based upon, among other things, the existing regulatory environment, industry conditions, market conditions and prices, the economy in general and our assumptions as of such date. We may change our intentions, at any time and without notice, based upon any changes in such factors, in our assumptions or otherwise.

~~As used in this annual report, the terms “we”, “us”, “our company,” and “the Company” mean Golden Global Corp. a Nevada corporation, and its subsidiaries.~~1

PART I

~~ITEM~~In 1this Annual Report on Form 10-K, we will refer to Golden Global Corp., ~~BUSINESS~~a Nevada corporation, and its subsidiaries as “our company,” “we,” “us” and “our.”

~~Corporate~~Item ~~Information~~1. Business.

We were incorporated on December 10, 2009, under the laws of the State of Nevada. Our executive office is currently located at 22106 Montebello Drive, Boca Raton, FL 33433 and out telephone number is (561) 430-5935Overview

We were incorporated on December 10, 2009, under the laws of the State of Nevada. Our ~~Mining~~executive ~~Business~~office is currently located at 22106 Montebello Drive, Boca Raton, FL 33433 and out telephone number is (561) 430-5935.

For our fiscal year that ended on ~~June~~ June 30, 2015, we ~~remained~~owned a Canadian subsidiary that operated as a junior exploration stage company. We continued to work diligently on preparations to start mining our placer gold claims on our “McDame” property located in north central British Columbia, Canada. We ~~still~~primarily relied upon the sale of our securities to fund those operations, ~~although~~and eventually we were also successful in obtaining private loans to commence preparations for gold mining~~, which was anticipated to start in the spring of 2015~~.

~~The~~On ~~McDame~~October ~~property~~7, ~~consisted~~2015, oftitle ~~placer~~to the Company’s placer gold claims ~~#362586~~at ~~and~~its ~~#363240~~McDame property, ~~located~~were ~~near~~foreclosed ~~Cassiar,~~on inand ~~the~~transferred ~~Liard~~to ~~Mining~~a ~~Division~~lender ofwho ~~British~~loaned ~~Columbia~~our company $185,000 ~~Canada~~(the “Loan”). ~~Our~~These ~~long~~claims, ~~term~~and ~~goal during~~all ~~fiscal~~equipment, ~~2015~~machinery, ~~was~~vehicles and ancillary buildings to ~~explore~~process the gold claims were used as collateral for the Loan. Given that the collateral had been foreclosed on and, ifthe ~~warranted,~~assets ~~develop~~were ~~further~~no longer ~~mining~~owned by ~~acquiring~~our ~~other~~Canadian ~~leases.~~subsidiary, Wewe ~~had~~sold athe ~~copper~~wholly-owned ~~option~~subsidiary in June 2016. Because of the ~~Democratic~~foreclosure ~~Republic~~of mining operations and abandonment of ~~Congo~~that ~~(DRC)~~business ~~which~~strategy, we ~~planned~~have torecrded ~~explore,~~the ~~subject~~business toof ~~securing~~our ~~sufficient~~former ~~capital~~Canadian ~~resources~~subsidiary as discontinued operations in our financial statements.

~~Events~~Our ~~Subsequent~~focus changed from gold mining to ~~June~~operations 30in cannabis-related services. We began working as a cannabis-delivery operation in California, ~~2015~~ in fiscal 2017, where we made deliveries to individuals who had a doctor’s prescription for medical marijuana. We stopped our delivery operation activities in fiscal 2018, and entered into two asset purchase agreements that allow us to purchase a 150-light indoor-hydroponics facility, and eight greenhouses, ranging from 8,800 square feet to 60,000 square feet, with equipment fixtures and supplies. The purchase agreement is subject to the Company applying for and being issued the required licenses to establish a legal medical and recreational marijuana grow operation in California.

~~Foreclosure~~We ofbelieve we have successfully ~~Mining~~transitioned ~~Business~~into ~~Assets~~cannabis industry activities and that has been our focus beginning in fiscal year 2017.

OnAvailable October 7, 2015, title to the Company’s placer gold claims at its McDame property, which consisted of placer claims 362586, 363240, 776862 and 776902 located in north central British Columbia, were transferred to a shareholder (the “Lender”) who loaned our company $185,000 (the “Loan”). These claims, and all equipment, machinery, vehicles and ancillary buildings to process the claims were used as collateral for the Loan. The collateral has been foreclosed by the Lender and the assets are no longer owned by the Company.Information

~~Acquisition~~We ofmaintain a corporate website ~~Corpaycar,~~with ~~LLC~~the address http://www.goldenglobalcorp.com/. We have not incorporated by reference into this Report on Form 10-K the information on any of our websites and ~~Changes~~you should not consider any of such information to be a part of this document. Our website addresses are included in ~~Management~~this ~~and~~document ~~Control~~for reference only.

AsWe amake ~~result~~available free of ~~the~~charge through ~~October~~our ~~2015~~corporate ~~foreclosure of~~website our ~~mining~~Annual ~~assets~~Reports byon ~~the~~Form ~~Lender~~10-K, weQuarterly ~~elected~~Reports toon ~~redirect~~Form ~~our~~10-Q ~~efforts~~and Current Reports on Form 8-K, and amendments to ~~explore~~these ~~opportunities~~reports inthrough a link to the ~~fitness~~EDGAR ~~industry~~database as soon as reasonably practicable after we electronically file such material with, byor ~~creating~~furnish such material to, the U.S. Securities and Exchange Commission (the “SEC”). You can also read and ~~integrating~~copy aany ~~platform~~materials we file with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington, DC 20549. You can obtain additional information about the operation of ~~complementary~~the ~~fitness~~Public ~~industry~~Reference ~~businesses~~Room by calling the SEC at 1.800.SEC.0330. In addition, ~~which~~the weSEC ~~believe~~maintains ~~will~~a ~~afford~~website ~~better~~(www.sec.gov) ~~long~~that ~~term~~contains ~~growth~~reports, proxy and information statements, and other information ~~appreciation~~regarding ~~opportunities~~issuers ~~for~~that file electronically with the SEC, including all of our ~~shareholders~~filings.

On October 30, 2015, the Company entered into an Acquisition Agreement (the “Acquisition Agreement”), pursuant to which the Company acquired 100% of the issued and outstanding limited liability company membership interests of Corpaycar, LLC (“Corpaycar”), from its members. Corpaycar is the maker of the Combo Hitter, a multi applicable wall mounted punching system that enables a user to practice different types of boxing training on a single unit such as strength and arm development, up and down movement and kick boxing. Pursuant to the Acquisition Agreement, the Company was to issue 100,000 shares of Series B Convertible Preferred Stock (the “Series B Shares”) to the former member of Corpaycar. The Series B Shares entitled the holders thereof to convert, commencing one year after issuance, their shares into twenty percent(20%) of our then issued and outstanding common stock on the date of conversionIndustry

~~The~~Marijuana, ~~Board~~a derivative of ~~Directors~~the ~~also authorized~~cannabis ~~the~~plant, ~~creation~~is ofclassified ~~500~~as ~~shares~~a ofSchedule ~~Series~~I Acontrolled ~~Convertible~~substance ~~Preferred~~under ~~Shares (~~the ~~“Series~~U.S. AControlled ~~Stock”),~~Substances ~~which~~Act. ~~would~~A ~~grant~~Schedule ~~the~~I ~~holder~~controlled substance ~~the~~is ~~right~~defined toas ~~vote~~a ansubstance ~~amount~~that ofhas ~~shares~~no ofcurrently ~~common~~accepted ~~stock~~medical ~~that~~use ~~equals~~in the United States, a ~~majority~~lack of ~~our~~safety ~~then~~for ~~issued~~use under medical supervision, and ~~outstanding~~a ~~common~~high ~~stock.~~potential for abuse. The ~~Board~~ Department of ~~Directors~~Justice ~~issued~~defines ~~the~~Schedule ~~Series~~1 Acontrolled ~~Stock~~substances toas ~~Michael~~“the most J.dangerous ~~Starkweather,~~drugs of all the ~~Chief~~drug ~~Operating~~schedules ~~Officer~~with ofpotentially ~~Corpaycar,~~severe ~~who~~psychological ~~was~~or ~~also~~physical dependence.” Possession ~~appointed~~of asmarijuana is illegal under federal law. Possession with an intent to distribute marijuana is a ~~Director~~felony ofunder ~~our~~federal ~~company~~law, potentially punishable by fines up to $50 million and asterms ~~its~~of ~~Chief~~imprisonment ~~Operating~~up ~~Officer~~to life.

OnNevertheless, ~~December~~commencing ~~22,~~with ~~2015~~California in 1996, ~~Robert~~a ~~Leyne~~succession ~~Lee~~of states have decriminalized the use of marijuana for medical purposes. Although the medical uses of marijuana ~~resigned~~deemed asacceptable ~~Director~~vary from state to state, ~~President~~decriminalization of use for relief of nausea during chemotherapy, ~~Chief~~to ~~Executive~~induce ~~Officer~~appetite among cancer and AIDs patients, and ~~Treasurer~~to ~~our~~relieve ~~Company~~chronic pain and Mrmuscle spasms is common. ~~Starkweather~~At ~~was~~present, ~~appointed~~30 tostates ~~those~~and the District ~~positions~~of ~~contemporaneously~~Columbia ~~therewith~~had decriminalized some or all medical uses of marijuana. In December 2015 Congress directed the U.S. Justice Department that it may not interfere with the medical use of marijuana in states where such use is authorized. The number of Americans living in states in which recreational marijuana is legal more than tripled as a result of the November 2016 elections. Although the Trump administration has given mixed signals on how the federal government will proceed with legalization, in May 2018, President Trump endorsed the concept of allowing states to decide how to regulate the marijuana industry.

OnOur ~~March~~Business 2, 2016, Mr. Starkweather, our then sole Director and officer, appointed Mr. Erik Blum to our Board of Directors. On March 3, 2016, in order to further facilitate the implementation of the Company’s new business strategy, Mr. Blum was appointed Chief Executive Officer and acting Chief Financial Officer of the Company and Mr. Starkweather resigned from his position as a director of the Company. Mr. Starkweather continues to serve as the Company’s President and Chief Operating Officer. Contemporaneously with his joining the Company’s management, Mr. Blum purchased the Series A Stock from Mr. Starkweather.Plan

4Our business plan is to expand our product and service offerings to meet the full panoply of requirements for marijuana production, and expand our geographic scope as the criminal proscription of commercial marijuana recedes. Through several industry relationships, we have access to research and development activities and grow operations. We have an agreement to produce a strain of marijuana that a popular retail establishment sells, and they regularly outsource production of their strain, due to the high demand. We anticipate that the greenhouses we plan to purchase will be suitable to grow product for this cannabis brand.

OnOnce ~~April 7, 2016,~~ we ~~announced~~have ~~that~~established inour position ~~furtherance~~as ofa ~~ours~~known ~~goal~~source offor ~~creating~~servicing ~~and~~the ~~integrating~~cannabis ~~a platform of complementary fitness~~ industry, ~~businesses~~ we ~~entered~~intend ~~into a letter of intent~~ to ~~acquire~~build ~~the~~on ~~membership~~that ~~base~~position ~~and~~by ~~operating~~accumulating ~~assets~~a portfolio of ~~three~~customers to ~~fitness~~which ~~centers~~we ~~operating~~can inprovide ~~Northern~~wholesale ~~Ohio~~services. ~~Consummation of~~We ~~the~~are ~~acquisition~~focusing ison ~~subject~~growing toour ~~the~~business ~~completion~~in ~~of due diligence, execution of definitive transaction documents between~~ the ~~parties and~~state ~~preparation~~ of ~~audited and unaudited financial statements for the business acquired~~California.

At the same time, the Company that it has established its NUTRASTAX™ Fitness Supplement Division, under which it intends to market and sell a line of fitness supplements under the NURTRASTAX™ brand. The Company anticipates that it fitness supplement line will include energy, fat burning, muscle building and athletic enhancement products, which will be marketed through established industry distributors.Competition

~~The~~All ~~Company intends to rebrand the acquired~~of ~~fitness centers as Global Fitness™ Training Centers. We plan to promote~~ the ~~Global~~Company’s ~~Fitness™~~planned ~~brand~~distribution tochannels ~~establish fitness centers where our trainers~~ will ~~specialize~~compete infor ~~developing~~customers anand ~~individual~~sales ~~workout~~with ~~plan~~many ~~(IWP)~~different ~~for~~companies ~~each~~and ~~member. The IWP will include~~products athat ~~regimen~~are ofcompetitive ~~training~~today and ~~crossover~~likely ~~workouts,~~to ~~combined~~be ~~with~~even ~~fitness~~more ~~supplements.~~competitive Asin nothe ~~two~~future. ~~people are alike~~Accordingly, we believe ~~that~~it ~~each member~~is ~~needs~~essential athat ~~custom-tailored IWP. Our NUTRASTAX™ Fitness Supplement Division will clearly augment operation of our planned~~the ~~chain~~Company ofcontinues ~~Global~~to ~~Fitness™~~develop, ~~Training Centers~~improve, ~~while~~and ~~also~~refine ~~allowing~~the usvalue topropositions ~~market~~that ~~our~~are ~~planned~~offered ~~product~~to ~~line independent of our centers~~customers.

~~The~~Competition in ~~Company~~the ~~believes~~legal ~~that~~cannabis ~~the~~industry ~~planned~~is ~~acquisition~~ significant, as competing companies continually open, and ~~establishment~~medical ofdispensaries ~~the~~search ~~NUTRASTAX™~~for ~~Fitness~~a ~~Supplement~~consistent source ~~Division,~~for asoil ~~key~~products. ~~steps~~With inregard ~~creating~~to ~~and~~competition ~~integrating~~in athe ~~platform~~State of ~~complementary~~California, there are numerous grow facilities that we believe ~~fitness~~will compete with us for business and many of these entities are more experienced than us and have been operating in the cannabis industry ~~businesses~~longer than us.

~~The~~We ~~Company~~also face ~~continues~~competition tofrom ~~explore~~other ~~additional opportunities~~public incompanies that offer equipment and expendables. Moreover, as the ~~fitness~~negative ~~industry~~stigma ~~which~~associated with itsome ~~believes~~types of urban gardening such as legal cannabis plants diminishes, it ~~can~~is ~~implement~~very ~~during~~possible that other better capitalized public and private companies may enter the ~~balance~~market and may effectively challenge our value proposition. These competitors may be able to attract customers more easily because of ~~fiscal~~their ~~2016~~financial ~~and~~resources. ~~2017,~~Our ~~together~~larger ~~with~~competitors can also devote substantially ~~refinement~~more resources to business development and may adopt more aggressive pricing policies. We plan to compete on the strength of multiple product offerings, controlled production and scientific analysis to ensure high-quality and consistency in the ~~Company’s~~products ~~capital~~that ~~structure~~we plan to offer.

~~Employees~~Government Regulation

AsThirty states and the District of Columbia currently have laws legalizing marijuana in some form. Seven states and the ~~date~~District of ~~this~~Columbia have ~~report~~adopted more expansive laws legalizing marijuana for recreational use. Most recently, weCalifornia, Massachusetts and Nevada all passed measures in November 2016 legalizing recreational marijuana. A number of states have also decriminalized the possession ~~two~~of ~~full-time~~small ~~employees~~amounts of marijuana. Other states have passed medical marijuana laws allowing for limited use of cannabis. Some medical marijuana laws are broader than others, ~~being~~with ~~our~~types ~~executive~~of ~~officers~~medical conditions that allow for treatment varying from state to state. Other states have passed laws allowing residents to possess cannabis oil if they suffer from certain medical illnesses.

~~Going~~The ~~Concern~~state laws are in conflict with the federal Controlled Substances Act, which makes marijuana use and possession illegal on a national level. Considering such conflict between federal laws and state laws regarding cannabis, the previous administration under President Obama had effectively stated that it was not an efficient use of resources to direct federal law enforcement agencies to prosecute those lawfully abiding by state-designated laws allowing the use and distribution of medical cannabis. The new administration under President Trump could decide to strongly enforce the federal laws applicable to cannabis. See Justice Department Memo on Marijuana Enforcement discussed below. Any such change in the federal government's enforcement of current federal laws could cause significant financial damage to us.

WeThe ~~anticipate~~Company ~~that~~and ~~additional~~our ~~funding~~licensed ~~will~~products bewill ~~required~~also inbe ~~the~~subject ~~form~~to ofseveral ~~equity~~other ~~financing~~federal, ~~from~~state ~~the~~and ~~sale~~local oflaws, ~~our~~rules ~~common~~and ~~stock~~regulations. We Atanticipate ~~this~~that ~~time,~~our welicensees and ~~cannot~~vendors ~~provide~~will be required to manufacture our ~~shareholders and~~products ~~investors~~in accordance with ~~any~~the ~~assurance~~Good ~~that~~Manufacturing wePractices ~~will~~guidelines and will be ~~able~~subject to ~~raise~~regulations ~~sufficient~~relating ~~funding~~to ~~from~~employee ~~the~~safety, ~~sale~~working conditions, protection of ~~our~~the ~~common~~environment, ~~stock~~and orother ~~through~~items. aThe ~~loan~~current ~~from~~administration ~~our~~has ~~directors~~indicated tothat ~~meet~~it ~~our~~will ~~obligations~~closely ~~over~~scrutinize the ~~next~~cannabis ~~twelve~~industry, ~~months~~in particular, recreational marijuana. Changes Wein dolaws, ~~not~~rules ~~have~~and regulations or the recall of any ~~firm~~product ~~arrangements~~by ina ~~place~~regulatory ~~for~~authority, could have a material adverse effect ~~any~~on ~~future~~our ~~equity~~business ~~financing~~and financial condition.

~~ITEM~~Justice ~~1A.~~Department ~~RISK~~Memo ~~FACTORS~~on Marijuana Enforcement

AsBecause of the inconsistencies in federal and state law, on January 4, 2018, the Department of Justice (DOJ) issued a ~~smaller~~memo ~~reporting~~on ~~company~~federal marijuana enforcement policy announcing what it deemed to be a return to the rule of law and the rescission of previous guidance documents which would include the so called Cole Memorandum. Since the passage of the Controlled Substances Act in 1970, weCongress ~~are~~has generally prohibited the cultivation, distribution, and possession of marijuana. In the memorandum, ~~not~~Attorney ~~required~~General Jeff Sessions directs all U.S. Attorneys to ~~provide~~enforce the ~~information~~laws ~~required~~enacted by Congress and to follow well-established principles when pursuing prosecutions related to marijuana activities. The DOJ asserts this ~~item~~return to the rule of law is also a return of trust and local control to federal prosecutors who know where and how to deploy Justice Department resources most effectively to reduce violent crime, stem the tide of the drug crisis, and dismantle criminal gangs.

~~ITEM~~"It 1Bis the mission of the Department of Justice to enforce the laws of the United States, and the previous issuance of guidance undermines the rule of law and the ability of our local, state, tribal, and federal law enforcement partners to carry out this mission," said Attorney General Jeff Sessions. "Therefore, ~~UNRESOLVED~~today's ~~STAFF~~memo ~~COMMENTS~~on federal marijuana enforcement simply directs all U.S. Attorneys to use previously established prosecutorial principles that provide them all the necessary tools to disrupt criminal organizations, tackle the growing drug crisis, and thwart violent crime across our country."

~~Not~~Our ~~applicable~~intent is to continuously conduct due diligence to verify the legality of all activities that we engage in and ensure that our activities do not interfere with any of the enforcement priorities of the Department of Justice.

~~ITEM 2. PROPERTIES~~Employees

~~Our~~As ~~principal~~of ~~executive~~September ~~offices~~26, ~~are~~2018 ~~located~~we have at2 ~~22106~~full-time ~~Montebello~~employees. We ~~Drive,~~are ~~Boca~~not ~~Raton,~~subject FLto ~~33433.~~any Nocollective ~~payment~~bargaining agreement and we believe our relationship with our employees is ~~required~~good. We asplan ~~the~~to ~~office~~operate ~~rental,~~with ~~telephone~~a ~~and~~small ~~internet~~number ~~services~~of ~~are~~employees until our revenues increase ~~paid~~further ~~for~~or byuntil ~~our~~we ~~Chief~~are ~~Executive~~able ~~Officer,~~to ~~whose~~attract ~~private~~additional ~~company~~financing that ~~shares~~has ~~this~~money ~~office~~earmarked for sales and marketing expense.

5Item 1A. Risk Factors

~~ITEM~~You 3should carefully consider the risks below, as well as all of the other information contained in this Annual Report on Form 10-K and our financial statements and the related notes included elsewhere in this Annual Report on Form 10-K, in evaluating our company and our business. ~~LEGAL~~Any ~~PROCEEDINGS~~of these risks could materially adversely affect our business, financial condition and results of operations and the trading price of our common stock.

~~We know of no material, existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or pending litigation~~I. ~~There~~Risks ~~are~~Related ~~no proceedings~~To ~~in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party~~Our orFinancial ~~has a material interest adverse to our company.~~Condition

~~ITEM~~Our 4.business ~~MINE~~will ~~SAFETY~~not ~~DISCLOSURES~~be viable unless we obtain significant amounts of additional capital.

~~Not~~We ~~applicable~~have a nominal amount of cash, balanced against more than $1,500,000 in liabilities. It is unlikely that we can operate, and it is impossible that we can expand current operations, unless we obtain additional capital. We need to be able to borrow or raise additional capital for us to expand our business. If we fail to do so, it is likely that our business will fail and our shareholders will lose most or all of their investment in our company.

~~PART~~Our IInegative net worth will make it unlikely that we can obtain conventional financing for our business during the forseeable future.

~~ITEM~~Conventional 5financing generally consists of debt secured by assets or of equity financing. ~~MARKET~~At ~~FOR~~the ~~REGISTRANT'S~~present ~~COMMON~~time, ~~EQUITY~~we ~~AND~~have ~~RELATED~~secured ~~STOCKHOLDER~~debt ~~MATTERS~~outstanding ~~AND~~in ~~ISSUER~~amounts ~~PURCHASES~~that far OFexceed ~~EQUITY~~the ~~SECURITIES~~book value of our assets, which we have written off to zero. We also have a large shareholders’ deficit, which means that our company has no equity. For those reasons, we will not be able to obtain conventional financing unless and until these conditions are substantially alleviated, which is unlikely to happen in the near future. Until then, the only financing that will be available to us will involve the sale of securities convertible into common stock at floating rates, so that our investors can liquidate their investment by selling into the market for our common stock. Our ability to obtain such financing will depend on the continued liquidity of the market for our common stock. If the trading volume in the market for our common stock diminishes, we may be unable to attract investors of any kind, in which case our business would be likely to fail for want of capital resources.

~~Our~~We ~~common~~do not ~~stock~~expect ~~trades~~to pay ~~under~~dividends and ~~the symbol~~investors ~~GLDG~~should onnot ~~OTC~~buy our ~~Pink~~common stock ~~operated~~expecting to byreceive ~~OTC Markets Group, Inc~~dividends. ~~(“OTC Markets”)~~

~~The~~We have ~~following~~not paid ~~table~~any ~~sets~~dividends on ~~forth~~our common stock in the past, ~~range~~and ofdo ~~high~~not anticipate ~~and~~that ~~low~~we will ~~bid~~declare or ~~quotations~~pay any dividends in the foreseeable future. Consequently, investors ~~obtained~~will only ~~from~~realize ~~OTC~~an economic ~~Markets~~gain ~~for~~on their investment in our common stock if asthe price ~~reported~~appreciates. ~~each~~Investors should ofnot purchase ~~the~~our common ~~periods~~stock ~~indicated.~~expecting ~~These~~to ~~quotations~~receive ~~reflect~~cash ~~inter-dealer~~dividends. Because ~~prices~~we do not pay dividends, and ~~without~~there ~~retail~~may ~~mark-up~~be limited trading, investors ~~mark-down~~may not have any manner to liquidate or ~~commission~~receive any ~~and~~payment on their investment. Therefore, our failure to pay dividends may cause investors to not ~~necessarily~~see any ~~represent~~return ~~actual~~on investment even if we ~~transactions~~are successful in our business operations. In addition, because we do not pay dividends we may have trouble raising additional funds, which could affect our ability to expand our business operations.

Quarter ended	High ($)		Low($)
September 30, 2014		0.30		0.30
December 31, 2014		0.17		0.17
March 31, 2014		0.35		0.25
June 30, 2014		0.18		0.11
September 30, 2014		0.03		0.03
December 31, 2015		0.004		0.004
March 31, 2015		0.004		0.004
June 30, 2015		0.003		0.003

II. Risks Related To Our Business Operations

~~Holders~~We ofhave ~~Our~~a ~~Common~~limited operating ~~Stock~~history and operate in a new industry, and we may not succeed.

AsWe have ofa ~~March~~limited ~~14,~~operating ~~2016~~history wein ~~had~~our ~~143~~current ~~holders~~ line of ~~record~~business. We ofare ~~our~~subject ~~common~~to ~~stock~~all risks inherent in a developing business enterprise. ~~One~~ Our likelihood of ~~these~~success ~~holders~~must isbe ~~CEDE~~considered ~~and~~in ~~company,~~light ~~which~~of is the ~~mechanism~~problems, ~~used~~expenses, ~~for~~difficulties, complications, ~~brokerage~~and ~~firms~~delays ~~to hold~~frequently ~~securities~~encountered in ~~book~~the ~~entry~~competitive ~~form~~and onregulatory ~~behalf~~environment ofin ~~their~~which ~~clients~~we operate. ~~Accordingly~~For example, the werecreational ~~believe~~and medical marijuana industry is a new industry that weas ~~have~~a ~~substantially~~whole ~~more~~may ~~holders~~not succeed, particularly should the Federal ofgovernment ~~our~~change ~~common~~course ~~stock.~~and ~~Our~~decide ~~current~~to ~~transfer~~prosecute ~~agent~~those isdealing ~~VStock~~in ~~Transfer,~~medical ~~Woodmere~~and recreational marijuana in violation of Federal law. If that happens, ~~New~~the ~~York~~market for our products and services would be likely to disappear.

~~Securities~~Since we ~~Authorized~~participate in a new industry, there are no established entities whose business model we can follow or build on the success of. Similarly, there is limited information about comparable companies available for ~~Issuance~~potential ~~under~~investors ~~Equity~~to ~~Compensation~~review ~~Plans~~in making a decision about whether to invest in our Company. Further, as the medical and recreational marijuana industry is a new market, it is ripe for technological advancements that could limit or eliminate the need for our services and products.

Plan category	Number of securities to be issued upon exercise of outstanding options, warrants and rights	Weighted-average exercise price of outstanding options, warrants and rights	Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
Equity compensation plans approved by security holders	0 shares	None issued	0 shares
Equity compensation plans not approved by security holders	0 shares(1)	None issued	200,000 shares(1)
Total	0 shares (1)	None issued	200,000 shares (1)

You should consider, among other factors, the risks and uncertainties encountered by companies that, like Golden Global, are in their early stages. For example, unanticipated expenses, problems, and technical difficulties may occur and they may result in material delays in the operation of our business, in particular with respect to our services and products. We may not successfully address these risks and uncertainties or successfully implement our operating strategies. If we fail to do so, it could materially harm our business to the point of having to cease operations and could impair the value of our capital stock to the point investors may lose their entire investment.

~~(1)~~The long-term ~~Represents~~success ~~shares~~of ~~reserved~~our ~~for~~business ~~issuance~~will ~~under~~depend on our ~~2014~~ability ~~Employee~~to ~~and~~develop ~~Consultant~~new ~~Stock~~technologies ~~Compensation~~for ~~Plan~~the cannabis industry.

6Golden Global will only be successful as a vehicle for public investment if we are able to achieve a market position that generates substantial profits. Our plan to achieve that market position is based on our ambition to develop technologies or products that will enhance the profitablity of our clients in the cannabis industry. We are active in developing those technologies; but the success of our development efforts is by no means assured. Moreover, any new products or services that we develop and offer to the industry may be subject to significant competition from offerings by new and existing competitors in the legal cannabis industry. In addition, new products, services and enhancements may pose a variety of technical challenges and require us to attract additional qualified employees. The failure to successfully develop and market these new products, services or enhancements could prevent Golden Global from becoming profitable.

~~ITEM~~Third parties 6.might ~~SELECTED~~infringe ~~FINANCIAL~~upon ~~DATA~~our technology.

AsWe cannot assure you that the steps we have taken to protect our property rights will prevent misappropriation of our technology. To protect our rights to our intellectual property, we rely on a ~~“smaller~~combination ~~reporting~~of ~~company~~trade secrets,” confidentiality agreements and other contractual arrangements with our employees, affiliates, strategic partners and others. However, we ~~are~~may ~~not~~be ~~required~~unable to ~~provide~~detect inappropriate use of our technology. Moreover, in the ~~information~~event ~~required~~of bymisappropriation, ~~this~~we ~~Item~~may lack the financial resources necessary to successfully prosecute an enforcement action. Failure to adequately protect our intellectual property could materially harm our brand, devalue our proprietary content and adversely affect our ability to compete effectively. Further, defending our technology rights could result in significant financial expenses and managerial resources.

~~ITEM~~We 7.may ~~MANAGEMENT’S~~face ~~DISCUSSION~~difficulties ~~AND~~related to ~~ANALYSIS~~entry OFinto ~~FINANCIAL~~joint ~~CONDITION~~ventures ~~AND~~or ~~RESULTS~~the OFfuture ~~OPERATIONS~~acquisition or integration of additional businesses, which could harm our growth or operating results

~~The~~Because ~~following~~we ~~discussion~~have ~~should~~entered beinto ~~read~~an inindustry ~~conjunction~~that ~~with~~is ~~our~~rapidly ~~audited~~developing, ~~consolidated~~it ~~financial~~is ~~statements~~crucial ~~and~~to ~~the~~our ~~related~~future ~~notes~~success ~~for~~that we keep pace with the ~~years~~growth. ~~ended~~Toward ~~June~~that 30end, ~~2015~~we will ~~and~~be ~~June 30,~~aggressively ~~2014,~~pursuing ~~that~~opportunities ~~appear~~to ~~elsewhere~~enter ininto ~~this~~joint ~~annual~~venture ~~report~~arrangements with other industry participants or to acquire additional businesses or assets. ~~The~~Any ~~following~~such ~~discussion~~events ~~contains~~will ~~forward-looking~~require ~~statements~~substantial ~~that~~management ~~reflect~~time and resources, which may distract from our ~~plans,~~core ~~estimates~~operations ~~and~~to ~~beliefs~~their detriment. ~~Our~~In ~~actual~~addition, ~~results~~acquisitions ~~could~~of ~~differ~~existing ~~materially~~businesses ~~from~~involve ~~those~~substantial ~~discussed~~risks, inincluding the risk ~~forward~~that ~~looking~~we ~~statements. Factors~~may ~~that~~not ~~could~~be ~~cause~~able to integrate the operations, personnel, services, or ~~contribute~~technologies, tothe ~~such~~potential ~~differences~~disruption ~~include~~of our ongoing businesses, ~~but~~the ~~are~~diversion ~~not~~of ~~limited~~management toattention, ~~those~~the ~~discussed~~maximization ~~below~~of financial and ~~elsewhere~~strategic opportunities, the difficulty in ~~this~~developing ~~report~~or maintaining controls and procedures, and the dilution to our existing stockholders from the issuance of additional shares of common stock. As a result of these and other risks, we may not produce anticipated revenue, profitability, or synergies.

~~Our~~Because ~~consolidated~~of ~~audited~~our ~~financial~~limited ~~statements~~financial ~~are~~resources, ~~stated~~acquisitions will likely require us to issue equity securities. Such transactions often result in ~~Canadian~~significant ~~Dollars~~expenses, such ~~(CDN$)~~as the amortization of intangibles, write-down of goodwill, and write-off of acquisition-related expenses. If we are ~~prepared~~unable to insuccessfully ~~accordance~~integrate ~~with~~any ~~United~~acquired ~~States~~businesses ~~Generally~~or ~~Accepted~~assets ~~Accounting~~we ~~Principles~~may not receive the intended benefits of such acquisition. In addition, we cannot predict market reactions to any acquisitions we may make.

~~Results~~While we conduct due diligence in connection with acquisition and joint venture opportunities, there will be a risk that such due diligence efforts fail to discover undisclosed liabilities or that we inadequately assess known liabilities. The discovery of ~~Operations~~material ~~for~~liabilities ~~the~~associated ~~Years~~with ~~Ended~~acquisitions ~~June~~or 30joint venture opportunities, ~~2015~~economic risks faced by joint venture partners, or any failure of joint venture partners to perform their obligations could adversely affect our business, results of operations, and ~~2014~~financial condition.

~~The~~If ~~following~~we ~~summary~~are ofable to expand our ~~results of~~ operations, ~~should~~we may be ~~read~~unable into ~~conjunction~~successfully ~~with~~manage our ~~audited~~future ~~consolidated financial statements for the years ended June 30, 2015 and 2014~~growth.

~~Our~~Even if ~~operating~~we ~~results~~are ~~for~~successful in expanding our operations in the ~~years~~United ~~ended~~States, as planned, we may experience periods of rapid growth, which ~~June~~will 30require additional resources. Any such growth could place increased strain on our management, ~~2015~~operational, financial and ~~2014~~other ~~are~~resources, ~~summarized~~and we will need to train, motivate, and manage employees, as ~~follows:~~well as attract management, sales, finance and accounting, international, technical, and other professionals. In addition, we will need to expand the scope of our infrastructure and our physical resources. Any failure to expand these areas and implement appropriate procedures and controls in an efficient manner and at a pace consistent with our business objectives could have a material adverse effect on our business and results of operations.

	Year Ended
	June 30
	2015			2014
Revenue	$	Nil		$	Nil
Operating Expenses	$	754,492		$	428,688
Net Loss and Comprehensive Loss	$	(1,334,836	)	$	(595,074	)

III. Risks Relating To Our Industry

~~Revenues~~Our success will be dependent on additional states legalizing medical and recreational marijuana.

WeContinued development ~~have~~of the medical and recreational marijuana market is dependent upon continued legislative authorization of marijuana at the state level. Any number of factors could slow or halt the progress. Further, progress is not ~~earned~~assured ~~revenues~~and ~~since~~the process can be expected to encounter set-backs. Even in states where there is public support for a legislative proposal, key support must be created in the relevant legislative committee or a bill may never advance to a vote. Numerous factors can interfere with success in the legislative process. Any one of these factors could slow or halt the progress and adoption of marijuana for recreational and medical purposes, which would limit the market for our ~~inception~~products and negatively impact our business and revenues.

7Marijuana remains illegal under federal law. Even in those jurisdictions in which the use of medical marijuana has been legalized at the state level, its use and prescription are violations of federal law, which may disrupt the ongoing business of Golden Global.

~~Operating~~Possession and ~~Expenses~~distribution of marijuana remain illegal under federal law. Marijuana is a schedule-I controlled substance. Even in those jurisdictions in which the use of medical and recreational marijuana has been legalized at the state level, its possession, prescription or distributions remains a violation of federal law. The United States Supreme Court has ruled in United States v. Oakland Cannabis Buyers’ Coop. and Gonzales v. Raich that the federal government has the right to regulate and criminalize cannabis, even for medical and recreational purposes, notwithstanding state or local de-regulation. Therefore, federal law criminalizing the use of marijuana trumps state laws that legalize its use for medicinal purposes. At present, certain states are decriminalizing possession of marijuana, either for medical use or in general. This may be because the Obama administration made a policy decision to allow states to implement these laws and not prosecute anyone operating in accordance with applicable state law. However, we faced another presidential election cycle in 2016, and the new administration has sent mixed signals about its stance on marijuana use and could introduce a less favorable policy. A change in the federal attitude towards enforcement could cripple the industry. The legal cannabis industry is our target market, and if this industry is unable to operate, we would lose the majority of our potential clients, which would have a negative impact on our business, operations and financial condition.

~~Our~~We ~~operating~~may ~~expenses~~have difficulty ~~for~~accessing the ~~years~~service ~~ended June~~of 30banks, ~~2015,~~which ~~and~~may ~~June~~make ~~30,~~it ~~2014~~difficult ~~are~~to ~~outlined~~conduct inour ~~the~~business ~~table~~operations. ~~below:~~

	Year Ended
	June 30
	2014		2014
Administrative fees	$	9,825	$	4,682
Consulting fees	$	379,878	$	192,448
Depreciation	$	41,230	$	33,521
Professional fees	$	55,389	$	57,377
Office and general	$	73,788	$	130,734
Stock-based compensation	$	193,267		—
Travel expenses	$	1,115	$	9,926

As discussed above, the distribution of marijuana is illegal under federal law. Therefore, there is a compelling argument that banks cannot accept for deposit funds from the legal cannabis industry, and therefore cannot do business with the Company. While efforts are underway in the U.S. Congress to amend banking regulations and laws in order to allow banks to transact business with state-authorized medical and recreational marijuana businesses, there can be no assurance these legislative efforts will be successful, that banks will agree to do business with medical marijuana and recreational marijuana industry participants, or that in the absence of legislation state and federal banking regulators will not strictly enforce current prohibitions on banks handling funds generated from an activity that is illegal under federal law. If we are unable to open accounts and otherwise use the service of banks, the result could be a material adverse effect on our business operations.

~~The~~Golden ~~increase~~Global may ~~in operating expenses for~~be ~~the~~unable ~~year ended June 30, 2015 compared~~ to ~~fiscal 2014 was due~~ respond to ~~increased~~the rapid ~~administrative~~technological ~~fees~~change in its industry, ~~office~~ and ~~general~~such change ~~expenses~~may ~~and~~increase ~~consulting~~costs ~~fees.~~and Incompetition that ~~2015,~~may adversely weaffect our ~~also incurred expenses for stock based compensation, which we did not incur in 2014~~business.

~~Liquidity~~Rapidly changing technologies, frequent new product and service ~~Financial~~introductions and ~~Condition~~evolving industry standards characterize the Company’s market. The continued growth of the Internet and intense competition in the Company’s industry exacerbate these market characteristics. The Company’s future success will depend on its ability to adapt to rapidly changing technologies by continually improving the performance features and reliability of its products and services. The Company may experience difficulties that could delay or prevent the successful development, introduction or marketing of its products and services. In addition, any new enhancements must meet the requirements of its current and prospective users and must achieve significant market acceptance. The Company could also incur substantial costs if it needs to modify its products and services or infrastructures to adapt to these changes.

AsThe Company ofalso ~~June~~expects that ~~30,~~new ~~2015~~competitors may introduce products, systems ~~our~~or services ~~total~~that are ~~assets~~directly ~~were~~or ~~$125,963,~~indirectly ~~our~~competitive ~~total~~with the ~~liabilities~~Company. These ~~were~~competitors $1may succeed in developing,~~621~~ products,~~486~~ systems and weservices that ~~had~~have greater afunctionality or ~~total~~are ~~stockholders~~less costly than the Company’s ~~deficit~~products, ofsystems and $1services,~~495~~ and may be more successful in marketing such products,~~523~~ systems and services. ~~Our~~ Technological ~~financial~~changes have lowered the ~~statements~~cost ~~report~~of ~~net~~operating ~~loss~~communications and ~~comprehensive~~computer ~~loss~~systems and purchasing software. These changes reduce the Company’s cost of ~~$1,327,948~~providing ~~and~~services but ~~$595,074~~also ~~for~~facilitate increased ~~the~~competition ~~years~~by ~~ended~~reducing competitors’ ~~June~~costs ~~30,~~in ~~2015~~providing similar services. This competition could increase price competition and ~~2014,~~reduce anticipated ~~respectively~~profit margins.

WeThe ~~have~~cannabis industry ~~suffered~~is ~~recurring~~highly ~~losses~~competitive ~~from operations.~~and ~~The~~we ~~continuation~~have ofless ~~our~~capital ~~company~~and isresources ~~dependent~~than ~~upon~~many of our ~~company~~competitors, ~~attaining~~which ~~and~~may ~~maintaining~~give ~~profitable~~them ~~operations~~an ~~and raising~~advantage ~~additional~~in ~~capital~~developing asand ~~needed.~~marketing Inproducts ~~this~~similar ~~regard~~to weours ~~have~~or ~~raised~~make ~~additional~~our ~~capital~~products ~~through equity offerings and loan transactions~~obsolete.

~~Cash~~We are ~~Flows~~involved in a highly competitive industry where we will compete with numerous other companies that offer alternative methods or approaches, that may have far greater resources, more experience, and personnel perhaps more qualified than we do. Such resources may give our competitors an advantage in developing and marketing products similar to ours or products that make our products obsolete. There can be no assurance that we will be able to successfully compete against these other entities.

	At			At
	June 30, 2015			June 30, 2014
Net Cash (Used in) Operating Activities	$	(166,733	)	$	(147,377	)
Net Cash Provided by (Used In) Investing Activities	$	(402	)	$	(110,000	)
Net Cash Provided by Financing Activities	$	131,260		$	143,601
Cash (decrease) increase during the year	$	(38,875	)	$	36,224

Developing, extending and expanding our reputation and brand image are essential to our business success.

We ~~had~~seek ~~cash~~to inmaintain, ~~the~~extend, and ~~amount~~expand ofour $7brand image through marketing expenditures,~~131~~ ~~as of~~including ~~June~~user 30generated content, ~~2015~~advertising asand ~~compared~~product toinnovation. Increasing ~~$43,006~~attention ason ofmarketing ~~June~~could ~~30,~~adversely ~~2014~~affect our brand image. WeExisting ~~had~~or aincreased ~~total~~legal ~~stockholders’~~or ~~deficit~~regulatory ofrestrictions on $1our marketing initiatives,~~495,523~~ asor ofour ~~June 30,~~response ~~2015~~to those restrictions, ascould ~~compared~~limit our efforts to amaintain, ~~total~~extend ~~stockholders’~~and ~~deficit~~expand ofour brands. ~~$731~~Moreover,~~336~~ asadverse ofpublicity ~~June~~about 30regulatory or legal action against us could damage our reputation and brand image, ~~2014~~undermine our customers' confidence and reduce long-term demand for our supply partner’s products.

~~Our~~We ~~principal~~operate ~~sources~~in ofa ~~funds~~highly competitive ~~have~~environment, ~~been from~~and ~~sales~~if ofwe are unable to compete with our ~~common~~competitors, ~~stock~~our ~~and~~business, ~~loans~~financial ~~from~~condition, ~~shareholders~~results of operations, cash flows and ~~investors~~prospects could be materially adversely affected.

We ~~believe~~operate ~~that~~in wea ~~will~~highly ~~require significant~~competitive ~~capital~~environment. ~~during~~Our ~~fiscal~~competition ~~2016~~includes all other companies that are in the business of medicinal and ~~2017~~recreational tocannabis. ~~implement~~A ~~our~~highly competitive ~~new~~environment could materially adversely affect our business, ~~plan~~financial condition, results of operations, cash flows and prospects.

~~Contractual~~Industry ~~Obligations~~consolidation may result in increased competition, which could result in a loss of customers or a reduction in revenue.

AsSome aof ~~“smaller~~our ~~reporting~~competitors ~~company”~~have made or may make acquisitions or may enter into partnerships or other strategic relationships to offer more comprehensive services than they individually had offered or achieve greater economies of scale. In addition, new entrants not currently considered to be competitors may enter our market through acquisitions, partnerships or strategic relationships. We expect these trends to continue as companies attempt to strengthen or maintain their market positions. The potential entrants may have competitive advantages over us, such as greater name recognition, longer operating histories, more varied services and larger marketing budgets, as well as greater financial, technical and other resources. The companies resulting from combinations or that expand or vertically integrate their business to include the market that we ~~are~~address ~~not~~may ~~required~~create more compelling service offerings and may offer greater pricing flexibility than we can or may engage in business practices that make it more difficult for us to ~~provide~~compete ~~tabular~~effectively, ~~disclosure~~including on ~~obligations~~the basis of price, sales and marketing programs, technology or service functionality. These pressures could result in a substantial loss of our customers or a reduction in our revenue.

~~Going~~IV. ~~Concern~~Risks Related To Our Management

~~The consolidated audited financial statements~~Because ~~included~~we ~~with~~are ~~this~~not ~~annual~~subject ~~report~~to ~~have~~compliance ~~been~~with ~~prepared~~rules onrequiring the ~~going~~adoption ~~concern basis which assumes that adequate sources~~ of ~~financing will~~certain becorporate ~~obtained~~governance asmeasures, ~~required and that~~ our ~~assets~~shareholders ~~will~~have limited beprotections ~~realized~~against ~~and~~interested ~~liabilities~~director ~~settled in the ordinary course of business. Accordingly~~transactions, ~~the~~ ~~audited~~conflicts ~~financial statements do not include any adjustments related to the recoverability~~ of ~~assets~~interest and ~~classification~~similar ~~of assets and liabilities that might be necessary should we be unable to continue as a going concern~~matters.

8The Sarbanes-Oxley Act of 2002, as well as rule changes proposed and enacted by the SEC, the New York Stock Exchange and the Nasdaq Stock Market as a result of Sarbanes-Oxley, require the implementation of various measures relating to corporate governance. These measures are designed to enhance the integrity of corporate management and the securities markets and apply to securities which are listed on the New York Stock Exchanges or the Nasdaq Stock Market. Because we are not presently required to comply with many of the corporate governance provisions and because we chose to avoid incurring the substantial additional costs associated with such compliance any sooner than necessary, we have not yet adopted these measures.

~~Off-Balance~~Because none ~~Sheet~~of ~~Arrangements~~our directors is independent, we do not currently have independent audit or compensation committees. This situation means that the Board will determine the direction of our company with only limited contribution of insights from outside observers with an objective perspective. This may limit the quality of the decisions that are made. In addition, the members of our board who are also officers have the ability, among other things, to determine their own levels of compensation. Until we comply with such corporate governance measures, regardless of whether such compliance is required, the absence of such standards of corporate governance may leave our shareholders without protections against interested director transactions, conflicts of interest and similar matters and investors may be reluctant to provide us with funds necessary to expand our operations.

We ~~have~~depend ~~no off-balance sheet arrangements~~upon ~~that~~key ~~have or are reasonably likely to have a current or future effect on our financial condition~~personnel, ~~changes~~the inloss ~~financial condition, revenues or expenses, results~~ of ~~operations,~~which ~~liquidity,~~could ~~capital~~seriously ~~expenditures~~harm orour ~~capital resources that is material to stockholders~~business.

~~ITEM~~Our operating 7Aperformance is substantially dependent on the continued services of our chief executive officer, who is a key employees. The ~~QUANTITATIVE~~unexpected ~~AND~~loss ~~QUALITATIVE~~of ~~DISCLOSURES~~the ~~ABOUT~~services ~~MARKET~~of ~~RISK~~our key employee could have a material adverse effect on our business, operations, financial condition and operating results, as well as the value of our common stock.

AsThe Company’s afailure to ~~“smaller reporting~~attract, ~~company~~train, ”or retain wehighly qualified ~~are~~personnel could ~~not required to provide~~ harm the ~~information~~Company’s ~~required by this Item~~business.

~~ITEM~~The Company’s 8success also depends on the Company’s ability to attract, train, and retain qualified personnel, specifically those with management and product development skills. In ~~FINANCIAL~~particular, ~~STATEMENTS~~the Company ~~AND~~must ~~SUPPLEMENTARY~~hire ~~DATA~~additional skilled personnel to further the Company’s research and development efforts. Competition for such personnel is intense. If the Company does not succeed in attracting new personnel or retaining and motivating the Company’s current personnel, the Company’s business could be harmed.

~~See~~If we ~~the~~fail to ~~Index~~establish and maintain an effective system of internal controls, we may not be able to ~~Consolidated~~report ~~Financial~~our ~~Statements~~financial ~~beginning~~results onaccurately or ~~page~~to ~~F-1,~~prevent ~~below~~fraud. Any inability to report and file our financial results accurately and timely could harm our reputation and adversely impact the trading price of our common stock.

~~ITEM~~Effective internal 9controls are necessary for us to provide reliable financial reports and prevent fraud. ~~CHANGES~~If we INcannot provide ~~AND~~reliable ~~DISAGREEMENTS~~financial reports ~~WITH~~or ~~ACCOUNTANTS~~prevent fraud, ONwe will ~~ACCOUNTING~~not be ~~AND~~able ~~FINANCIAL~~to manage ~~DISCLOSURE~~our business as effectively as we would if an effective control environment existed, and our business and reputation with investors may be harmed. As a result, our small size and any current internal control deficiencies may adversely affect our financial condition, results of operation and access to capital.

~~None~~We currently have insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements. Additionally, there is a lack of formal process and timeline for closing the books and records at the end of each reporting period. Such weaknesses restrict the Company?s ability to timely gather, analyze and report information relative to the financial statements.

~~ITEM~~Because of 9Athe Company’s limited resources, there are limited controls over information processing. ~~CONTROLS~~There is ~~AND~~inadequate segregation ~~PROCEDURES~~of duties consistent with control objectives. Our Company’s management is composed of a small number of individuals resulting in a situation where limitations on segregation of duties exist. In order to remedy this situation we would need to hire additional staff. Currently, the Company is unable to hire additional staff to facilitate greater segregation of duties but will continue to reassess its capabilities as it gains access to additional capital.

~~(a)~~V. ~~Disclosure~~Risks ~~Controls~~Related ~~and~~To ~~Procedures~~Ownership Of Our Common Stock

~~Our~~The ~~Chief~~market ~~Executive~~price ~~and Acting Chief Financial Officer conducted an evaluation~~ of ~~the effectiveness of the design and operation of~~ our ~~disclosure~~common ~~controls~~stock ~~and~~has ~~procedures,~~been ~~as defined in Rules 13a-15(e)~~ and ~~15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),~~ aswill ofcontinue ~~June 30, 2015,~~ to ~~ensure that information required to~~ be ~~disclosed~~adversely byaffected ~~us in the reports filed or submitted~~ by us under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities Exchange Commission’s rules and forms, including to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is accumulated and communicated to our ~~management,~~outstanding ~~including~~convertible ~~our principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure~~debentures. Based on that evaluation, our Chief Executive and Acting Chief Financial Officer has concluded that as of June 30, 2015, our disclosure controls and procedures were not effective at the reasonable assurance level due to the material weaknesses identified and described in Item 9A(b) of this report.

~~Our~~Several third-party ~~Chief~~investors ~~Executive~~currently ~~and~~hold ~~Acting~~convertible ~~Chief Financial~~debentures ~~Officer~~issued ~~does~~by ~~not~~the ~~expect~~Company that ~~our~~allow ~~disclosure~~them ~~controls~~to orconvert ~~internal~~principal ~~controls~~and ~~will~~interest into ~~prevent~~shares ~~all~~of ~~error~~our ~~and~~common ~~all fraud.~~stock ~~Although~~at ~~our~~conversion ~~disclosure~~prices ~~controls~~that ~~and~~approximate ~~procedures~~a ~~were~~30% ~~designed~~to 60% discount to ~~provide~~the ~~reasonable~~trading ~~assurance~~price of ~~achieving~~our ~~their~~common ~~objectives~~stock. ~~and~~At ~~our~~June ~~Chief~~30, ~~Executive~~2016, ~~and~~the ~~Acting~~balance ~~Chief Financial~~of ~~Officer~~the ~~has~~convertible ~~determined~~debentures ~~that~~outstanding ~~our~~payable ~~disclosure~~to ~~controls~~such ~~and~~convertible ~~procedures~~debenture ~~are~~holders ~~effective at~~amounted ~~doing~~to so$434,715. aIf ~~control~~those ~~system,~~debentures nowere ~~matter~~converted ~~how~~in ~~well~~full, ~~conceived~~the ~~and~~shares ~~operated,~~that ~~can~~would ~~provide~~be ~~only~~issued ~~reasonable,~~would ~~not~~far ~~absolute~~exceed ~~assurance that~~ the ~~objectives~~number of ~~the~~shares of ~~system~~our ~~are~~common ~~met~~stock currently outstanding. ~~Further~~When those debentures are converted, the ~~design~~shares ofthat aare ~~control~~issued ~~system~~are ~~must~~usually ~~reflect~~immediately sold by the ~~fact~~debenture ~~that~~holders ~~there~~into ~~are resource~~the ~~constraints~~public market. These sales, and the ~~benefits~~anticipation of ~~controls~~such ~~must~~sales bein ~~considered~~the ~~relative~~future, toexerts ~~their~~a ~~costs.~~downward pressure ~~Because~~on ofour ~~the~~stock ~~inherent limitations~~price. inWhen ~~all~~a ~~control~~lender ~~systems,~~converts nothe ~~evaluation~~debt ofinto ~~controls~~shares ~~can~~of ~~provide~~our ~~absolute~~common ~~assurance~~stock ~~that~~and ~~all~~resells ~~control~~those ~~issues~~shares ~~and~~into the ~~instances~~market, ofthe ~~fraud,~~result ifis ~~any,~~often ~~within~~a reduction in the ~~Company~~market ~~have~~price ~~been~~of ~~detected~~our common stock. ~~These~~Until ~~inherent~~we ~~limitations~~are ~~include~~able to replace the ~~realities~~convertible ~~that~~debentures ~~judgments~~with indebt ~~decision-making~~or ~~can~~equity befinancing ~~faulty, and~~ that ~~breakdowns~~does ~~can~~not ~~occur~~exert ~~because~~a ofcontinuing ~~simple~~pressure ~~error~~on orthe ~~mistake.~~market ~~Additionally, controls~~price ~~can~~of beour ~~circumvented~~common ifstock, ~~there~~the ~~exists~~market inprice will ancontinue ~~individual~~to abe ~~desire~~volatile, toand doinvestors ~~so.~~in ~~There~~our ~~can~~stock bewill nobear ~~assurance~~a ~~that~~significant ~~any~~risk ~~design will~~of ~~succeed~~reductions in ~~achieving~~the ~~its~~market ~~stated~~value ~~goals~~of ~~under~~our common ~~all potential future conditions~~stock.

9Our common stock is quoted on the OTC Pink Market, which may increase the volatility of our stock and make it harder to sell shares of our stock.

Our common stock is quoted on the OTC Pink Market, which is the lower tier of the markets maintained by OTC Markets. There is a greater chance of market volatility for securities that trade on the OTC Pink (bas opposed to a national exchange or quotation system), ~~Management’s~~as ~~Report~~a result of which stockholders may experience wide fluctuations and a depressed price in the market price of our securities. Thus, stockholders may be required to either sell our securities at a market price which is lower than their purchase price or to hold our securities for a longer period of time than they planned. Because our common stock falls under the definition of “penny stock,” trading in our common stock may be limited because broker-dealers are required to provide their customers with disclosure documents prior to allowing them to participate in transactions involving our common stock. These rules impose additional sales practice requirements on ~~Internal~~broker-dealers ~~Control~~that ~~over~~sell ~~Financial~~low-priced ~~Reporting~~securities to persons other than established customers and institutional accredited investors; and require the delivery of a disclosure schedule explaining the nature and risks of the penny stock market. As a result, the ability or willingness of broker-dealers to sell or make a market in our common stock may be limited, and stockholders could find it more difficult to sell their stock.

~~Management~~There is ~~responsible~~limited ~~for~~trading establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act). Internal control over financial reporting is a process designed by, or under the supervision of, our ~~Chief Executive and~~ ~~Acting~~common ~~Chief Financial officer (our Principal Executive~~stock, ~~Financial~~ and ~~Accounting Officer), to provide reasonable assurance regarding~~ ~~the~~there ~~reliability~~can ~~of financial reporting and the preparation of financial statements in accordance with GAAP. Internal control over~~be ~~financial~~no ~~reporting~~assurance ~~includes those policies and procedures~~ that ~~(1) pertain to the maintenance of records that, in reasonable detail,~~ ~~accurately~~there ~~and fairly reflect the transactions and dispositions of the assets of our Company; (2) provide reasonable assurance~~will ~~that~~be ~~transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts~~an ~~and~~active ~~expenditures~~market of for our ~~company~~shares ~~are being made only in accordance with authorizations~~ of common ~~management and Directors of our Company;~~stock ~~and~~either ~~(3)~~now ~~provide reasonable assurance regarding prevention~~ or ~~timely detection of unauthorized acquisition, use, or disposition~~ ofin ~~our company’s assets that could have a material effect on~~ the ~~financial statements. Because of its inherent limitations,~~ ~~internal control over financial reporting may not provide absolute assurance that a misstatement of our financial statements would be prevented or detected~~future.

~~Further~~Our shares of common stock have limited trading, and the ~~evaluation~~price ofif traded may not reflect the ~~effectiveness~~ value of ~~internal~~our ~~control~~Company. ~~over~~There ~~financial~~can ~~reporting~~be ~~was~~no ~~made~~assurance asthat there will be an active market for shares of aour ~~specific~~common ~~date,~~stock ~~and~~either ~~continued~~now ~~effectiveness~~or in the future. ~~periods~~The ismarket ~~subject~~liquidity will be dependent on the perception of our operating business and any steps that our management might take to bring us to the ~~risks~~awareness of investors. There can be no assurance given that ~~controls~~there will be any awareness generated. Consequently, investors may ~~become~~not ~~inadequate~~be ~~because~~able to liquidate their investment or liquidate it at a price that reflects the value of ~~changes~~the inbusiness. ~~conditions~~If a more active market should develop, the price may be highly volatile. Because there may be a low price for our shares of common stock or ~~that~~because we are involved in the ~~degree~~legal cannabis industry, many brokerage firms may not be willing to effect transactions in the securities. Even if an investor finds a broker willing to effect a transaction in the shares of ~~compliance~~our ~~with~~common stock, the ~~policies~~combination of brokerage commissions, transfer fees, taxes, if any, orand ~~procedures~~any other selling costs may ~~deteriorate~~exceed the selling price. Further, many lending institutions will not permit the use of such shares of common stock as collateral for any loans.

~~Our Chief Executive and Acting Chief Financial~~You ~~Officer~~may ~~(our~~experience ~~Principal Executive, Financial and Accounting officer), conducted an evaluation~~ dilution of ~~the~~your ~~effectiveness of our internal~~ownership ~~control~~interest ~~over~~because ~~financial reporting as~~ of ~~June 30, 2015 in accordance with~~ the ~~criteria~~future ~~set forth by the Committee of Sponsoring Organizations~~issuance of ~~the Treadway Commission ("COSO") in Internal Control — Integrated Framework. Based on this assessment, Management~~additional ~~identified~~shares ~~the following two material weaknesses that have caused management to conclude that, as~~ of ~~June 30, 2015,~~ our ~~disclosure~~ ~~controls~~common ~~and~~stock ~~procedures,~~ and our ~~internal~~preferred ~~control over financial reporting, were not effective at the reasonable assurance level in that:~~stock.

1.In the Wefuture, we ~~do not have~~may ~~written~~issue ~~documentation of~~ our authorized ~~internal~~but previously ~~control~~unissued equity ~~policies~~securities, ~~and procedures. Written documentation of key internal controls over~~resulting ~~financial~~in ~~reporting is a requirement of Section 404 of~~ the dilution ~~Sarbanes-Oxley Act~~ of ~~2002. Management evaluated~~ the ~~impact~~ownership interests of our ~~failure~~present tostockholders. We ~~have~~are ~~written~~currently authorized ~~documentation~~to ofissue an ~~our internal controls and procedures on our assessment~~ aggregate of ~~our~~4,500,000,000 ~~disclosure controls~~shares ~~and~~of ~~procedures and has concluded that the control deficiency that resulted represented a material weakness~~capital stock.

2. We may doalso ~~not have sufficient~~issue ~~segregation~~additional shares of ~~duties~~our ~~within~~common stock ~~accounting~~or ~~functions,~~other securities ~~which~~that isare convertible ainto ~~basic~~or exercisable ~~internal~~for common ~~control.~~stock ~~Due~~in connection towith hiring ~~our~~or ~~size~~retaining employees ~~and~~or ~~nature~~consultants, future ~~segregation~~acquisitions, future sales of ~~all~~our ~~conflicting~~securities for ~~duties~~capital raising ~~may~~purposes, ~~not~~or for ~~always~~other business bepurposes. The ~~possible~~future issuance ~~and~~of any ~~may~~such ~~not~~additional beshares ~~economically~~of ~~feasible.~~our common ~~However,~~stock toor ~~the~~other securities ~~extent~~may ~~possible, the initiation~~create ofdownward ~~transactions,~~pressure on the ~~custody~~trading price of our ~~assets~~common ~~and~~stock. There ~~the~~can ~~recording~~be no ofassurance that ~~transactions~~we ~~should~~will not be required ~~performed~~to issue byadditional shares, ~~separate~~warrants or ~~individuals.~~other ~~Management~~convertible ~~evaluated~~securities in the ~~impact~~future in ofconjunction ~~our~~with hiring ~~failure~~or retaining toemployees or ~~have~~consultants, future ~~segregation~~acquisitions, future sales of ~~duties~~our securities onfor capital ~~our~~raising ~~assessment~~purposes or offor other ~~our~~business purposes, ~~disclosure~~including ~~controls~~at a ~~and~~price ~~procedures~~(or ~~and has~~exercise ~~concluded~~prices) ~~that~~below the ~~control~~price ~~deficiency~~at ~~that~~which ~~resulted~~shares ~~represented~~of aour common ~~material~~stock ~~weakness~~are trading.

ToItem address these material weaknesses, management performed additional analyses and other procedures to ensure that the consolidated financial statements included herein fairly present, in all material respects, our financial position, results of operations and cash flows for the periods presented1B. ~~Accordingly, we~~Unresolved ~~believe~~Staff ~~that the consolidated financial statements included in this report fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods presented~~Comments.

~~This~~Not ~~annual report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting~~applicable. Management’s report was not subject to attestation by our registered public accounting firm pursuant to the rules of the Securities and Exchange Commission that permit us to provide only our management’s report in this annual report.

~~(c)~~Item ~~Remediation~~2. ~~of Material Weaknesses~~Properties.

ToOur ~~remediate~~principal ~~the~~executive ~~material~~offices ~~weakness~~are inlocated ~~our~~at 22106 ~~documentation~~Montebello Drive, ~~evaluation~~Boca ~~and~~Raton, ~~testing~~FL of33433. ~~internal~~No ~~controls~~rent wepayment ~~plan~~is torequired ~~engage~~as athe ~~third-party~~office ~~firm~~rental, totelephone ~~assist~~and usinternet inservices ~~remedying~~are ~~this~~paid ~~material~~for ~~weakness~~by ~~once~~our ~~resources~~Chief ~~become~~Executive ~~available~~Officer, whose private company shares this office.

10We have signed a contract that gives us the right, title and interest in a 48-light indoor grow center, with all lights, soil, pots, electrical build out, permits and licenses in San Benito, California-; three greenhouses that are approximately 22x100 feet in size in Fairview, California; and seven 48 x 22 feet greenhouses in Grant, California. We believe these facilites give us ample property and infrastructure to operate a successful marijuana grow operation, once we have the appropriate licenses. If we are unable to acquire the licenses that we need to operate, we are not obligated to use or pay for using the property.

We also intend to remedy our material weakness with regard to insufficient segregation of duties by hiring additional employees in order to segregate duties in a manner that establishes effective internal controls once resources become available.[

~~(d)~~Item ~~Changes~~3. inLegal ~~Internal Control over Financial Reporting~~Proceedings.

NoWe ~~change~~are currently not involved in any litigation that we believe could have a materially adverse effect on our ~~system~~financial condition or results of ~~internal~~operations. ~~control~~There ~~over~~is ~~financial~~no ~~reporting~~action, ~~occurred~~suit, ~~during~~proceeding, ~~the~~inquiry ~~period~~or ~~covered~~investigation before or by ~~this~~any ~~report~~court, ~~fourth~~public ~~quarter~~board, government agency, self-regulatory organization or body pending or, to the knowledge of the ~~fiscal~~executive ~~year~~officers ~~ended~~of ~~June~~our ~~30,~~company ~~2015~~or any of our subsidiaries, threatened ~~that~~against ~~has~~or ~~materially~~affecting ~~affected~~our company, our common stock, any of our subsidiaries or isof ~~reasonably~~our ~~likely~~company’s toor ~~materially~~our ~~affect~~company’s subsidiaries’ officers or directors in their capacities as such, ~~our~~in ~~internal~~which ~~control~~an ~~over~~adverse ~~financial~~decision ~~reporting~~could have a material adverse effect.

~~ITEM~~Item 9B4. ~~OTHER~~Mine ~~INFORMATION~~Safety Disclosures.

Not applicable.

PART ~~III~~II

~~Directors~~(a) ~~and~~Market ~~Executive Officers~~Information

AsOur ofcommon ~~June~~stock ~~30,~~is ~~2015, our sole director~~currently ~~and~~quoted ~~executive officer was Robert Leyne Lee, 73, who joined the Company~~ on September 12, 2013, and served as President, Chief Executive Officer, Chief financial Officer, Secretary and Director from that time until his resignation in December 2015. Mr. Lee has extensive experience in the ~~tree~~OTC ~~crop~~Pink ~~sector~~marketplace inunder ~~Southeast Asia and was a registered consultant with~~ the ~~World~~symbol ~~Bank and the other affiliated regional Banks~~GLDG. He The ~~served~~high asand anlow ~~independent~~quoted ~~consultant~~closing price for ~~finance~~each ~~and~~quarterly ~~business development for companies~~period inof ~~the~~our USlast ~~and~~two ~~many~~fiscal ~~countries worldwide. For overt 15~~ years, headjusted ~~worked~~for ~~with OTCBB and OTC market companies as~~ a ~~consultant, advisor~~1 ~~and~~for ~~CEO. Mr.~~1800 ~~Lee~~reverse ~~served as an officer and director of Empyrean Holdings~~split, ~~Inc.~~are ~~(now~~listed ~~American Asset Development, Inc.) from March, 2001 until July 2010.~~below:

~~Our~~The ~~current~~prices ~~directors~~reflect ~~and~~inter-dealer quotations, ~~executive~~do ~~officers~~not include retail mark-ups, ~~positions~~ ~~held~~markdowns or commissions and ~~date~~do ~~appointed,~~not ~~are~~necessarily asreflect ~~follows:~~actual transactions.

				Date First Elected
Quarter ended	High Price			Low Price
Name	Position Held with the Company		Age	or Appointed
1st Quarter 2015	$	5.40		$	5.40
Eric Blum	Chief Executive Officer, Acting Chief Financial Officer and Director		50	March 2, 2016
2nd Quarter 2015	$	7.20		$	7.20
Michael Jeffrey Starkweather	President and Chief Operating Officer		33	October 30, 2015
3rd Quarter 2015	$	7.20		$	7.20
4th Quarter 2015	$	5.40		$	5.40
1st Quarter 2016	$	5.3571		$	0.3571
2nd Quarter 2016	$	2.3214		$	0.1786
3rd Quarter 2016	$	0.5357		$	0.1786
4th Quarter 2016	$	0.1786		$	0.1786

Erik Blum joined the Company in March 2016 as Chief Executive Officer, Acting Chief Financial Officer and a Director. In 2014, Mr. Blum founded and since then has been the principal of JW Price Capital, LLC, a corporate consulting firm, which focuses its business on providing business development services to microcap and other small public companies. From February 2014 through August 2014, Mr. Blum was an executive with City Twist, LLC, which was engaged in providing national Email advertising services for the automotive industry. From January 2012 through December 2013, he was Managing Director of Infinity One Card Services, which marketed debit cards which could be used for payment of salary as opposed to paper checks. For over twenty-five (25) years prior thereto, Mr. Blum was involved in all aspects of the retail securities brokerage industry, most recently as a registered representative for Stern Agee and Leach, Inc. from July 2010 through December 2011.Holders

11As of September 26, 2018 a total of 37,408,293 shares of the Company’s common stock were outstanding, held by 169 shareholders of record.

~~From~~Transfer ~~2006~~Agent ~~through 2009, Mr. Blum was a registered representative with Aura Financial Services, Inc. (“Aura”), which was a registered broker-dealer from February 1997 to February 2010~~ and managed its South Florida office, which initially was in West Palm Beach and subsequently relocated to Miami. In September 2010, the SEC instituted administrative proceedings against the president and principal owner of Aura and two of Aura’s registered representatives, including Mr. Blum, alleging, among other matters that during 2008 and 2009, they had failed to properly supervise certain other Aura registered representatives (one in Mr. Blum’s case) and follow up on certain “red flags,” which allowed churning and losses in various client accounts.Registrar

InThe ~~August~~transfer ~~2011,~~agent ~~Mr. Blum submitted~~ and ~~the~~ ~~SEC~~registrar ~~accepted an Offer of Settlement, pursuant to which Mr. Blum agreed to not serve in a supervisory capacity with any broker-dealer or investment adviser, subject to his ability to reapply~~ for ~~such~~our ~~license after two (2) years and pay certain financial penalties.~~common ~~Mr.~~stock ~~Blum~~is ~~left~~Vstock ~~the~~Transfer, ~~brokerage industry and accordingly~~Woodmere, ~~has~~New ~~not reapplied for licensure~~York.

Michael Jeffrey Starkweather joined the Company as a Director and Chief Operating Officer on October 30, 2015, upon completion of the acquisition of Corpaycar, where he occupied a similar position. He was appointed to the additional positions of President and Chief Executive Officer following the resignation of Robert Leyne Lee in December 2015. Following Mr. Blum’s joining the Company in March 2015, Mr. Starkweather resigned as a Director and Chief Executive Officer, but continued in the positions of President and Chief Operating Officer. Mr. Starkweather served in the United States Army Reserves. In 2008, he co-founded Live Fit Personal Training. Mr. Starkweather has acted as an outside consultant for a number of fitness training facilities. In addition, Mr. Starkweather has also served as an independent consultant for small cap emerging growth companies. He recently joined the board of advisors for an online mobile marketing platform service Textmunication Holdings, Inc. (OTCQB: TXHD).Dividends

MrWe have not declared or paid any dividends on our common stock and intend to retain any future earnings to fund the development and growth of our business. ~~Starkweather~~Therefore, ~~filed~~we ~~for~~do ~~Chapter~~not 7anticipate ~~bankruptcy~~paying ~~protection~~dividends inon ~~2014~~our common stock for the foreseeable future.

~~There~~Recent ~~are~~Issuances noof ~~family~~Unregistered ~~relationships among our directors and executive officers.~~Securities

~~Terms~~During the fourth quarter of ~~Office~~fiscal 2016, we issued 50,000 shares of common stock for a purchase price of $9,000. The issuance was made in reliance upon the exemption from registration set forth in Section 4(2) of the Securities Act relating to sales by an issuer not involving any public offering. The investor purchased the sercurities for investment purposes only, without a plan of redistribution, and with access to all information that they required in order to evaluate the merits of the investment.

~~All~~Securities ofAuthorized ~~the~~for ~~directors~~Issuance ofunder ~~our~~Equity ~~company hold~~Compensation office until the next annual meeting of shareholders or until their successors have been elected and qualified. Our officers are appointed by our board of directors and hold office until their death, resignation or removal from office.Plans

~~Section~~We ~~16(a)~~have ~~Beneficial~~no ~~Ownership~~equity ~~Compliance~~compensation plans.

~~Section~~Item 16(a) of the Securities and Exchange Act of 1934 (the “Exchange Act”) requires our directors and executive officers and persons who beneficially own more than ten percent of our common stock (collectively, the “Reporting Persons”) to report their ownership of and transactions in our common stock to the Securities and Exchange Commission6. ~~Copies~~Selected ofFinancial ~~these reports are also required to be supplied to us~~Data. ~~To our knowledge, during the fiscal year ended June 30, 2015 the Reporting Persons complied with all applicable Section 16(a) reporting requirements under the Exchange Act.~~

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

~~Our~~Item ~~board~~7. ofManagement’s ~~directors~~Discussion ~~does~~and ~~not~~Analysis ~~currently have~~of anFinancial ~~audit~~Condition ~~committee,~~and aResults ~~compensation~~of ~~committee, or a corporate governance committee~~Operations. ~~We plan to establish such committees in the near future.~~

12THE FOLLOWING DISCUSSION OF OUR PLAN OF OPERATION AND RESULTS OF OPERATIONS SHOULD BE READ IN CONJUNCTION WITH THE FINANCIAL STATEMENTS AND RELATED NOTES TO THE FINANCIAL STATEMENTS INCLUDED ELSEWHERE IN THIS ANNUAL REPORT. THIS DISCUSSION CONTAINS FORWARD-LOOKING STATEMENTS THAT RELATE TO FUTURE EVENTS OR OUR FUTURE FINANCIAL PERFORMANCE. THESE STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE OUR ACTUAL RESULTS, LEVELS OF ACTIVITY, PERFORMANCE OR ACHIEVEMENTS TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, LEVELS OF ACTIVITY, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS.

~~Code of Ethics~~Overview

We ~~have~~began ~~adopted~~operating as a ~~Code~~cannabis-delivery ofoperation in ~~Ethics~~California, ~~that~~in ~~apples to~~fiscal 2017, ~~among~~where ~~other~~we ~~persons,~~made ~~our~~deliveries ~~company~~to individuals who had a doctor’s ~~principal~~prescription ~~executive~~for ~~officers~~medical ~~and~~marijuana. We ~~senior~~stopped ~~financial~~our ~~executives~~delivery operation activities in fiscal 2018, asand ~~well~~entered asinto ~~persons~~two ~~performing similar~~asset ~~functions.~~purchase ~~Our~~agreements ~~Code~~that ofallow ~~Ethics~~us ~~and~~to ~~Business~~purchase a ~~Conduct~~150-light ~~was~~indoor-hydroponics ~~filed~~facility, ~~with~~and ~~the~~eight ~~SEC~~greenhouses, asranging ~~Exhibit~~from ~~14.1~~8,800 square feet to ~~our~~60,000 ~~Annual~~square ~~Report~~feet, onwith ~~Form~~equipment ~~10-K~~fixtures ~~for~~and ~~the~~supplies. ~~year~~The ~~ended~~purchase ~~June~~agreement ~~30,~~is ~~2011.~~subject Weto ~~will~~the ~~provide~~Company aapplying ~~copy~~for ofand being issued the ~~Code~~required oflicenses ~~Ethics~~to establish a legal medical and ~~Business~~recreational ~~Conduct~~marijuana togrow ~~any~~operation ~~person~~in ~~without~~California. In fiscal 2016 our efforts consisted of gold ~~charge,~~mining ~~upon~~operations ~~request~~in Canada. ~~Requests~~However, ~~can~~those beoperations ~~sent~~have tobeen ~~the~~classified ~~Company,~~in ~~22106~~our ~~Montebello~~financial ~~Drive,~~statements ~~Boca~~as ~~Raton~~discontinued operations, as FLwe ~~33433~~ceased operations and divested the Canadian subsidiary that was focused on mining.

~~ITEM~~Results ~~11.~~of ~~EXECUTIVE COMPENSATION~~Operations

~~The~~Our ~~following~~loss ~~table~~from ~~sets~~continuing ~~forth~~operations ~~compensation~~in the ~~paid~~year ended June 30, 2016 decreased by $341,275, to ~~our~~$675,290 ~~sole~~from ~~executive~~$1,106,565 ~~officer~~in ~~and~~the ~~our~~year ~~mining~~ended ~~consultant~~June ~~and~~30, ~~director~~2015. The bulk of our ~~wholly~~operating loss ~~subsidiary~~in ~~Golden~~fiscal ~~Global~~2016 ~~Mining~~came ~~Corporation for~~from ~~the~~$136,922 ~~years~~in ~~ended~~office ~~June~~and 30general expenses and $105,047 ~~2015~~in stock-based compensation, as compared to $382,141 in office and ~~2014~~general expenses and $159,928 in stock-based compensation in fiscal 2015.

~~SUMMARY~~Interest ~~COMPENSATION~~expense ~~TABLE~~increased by $985,468 in fiscal 2016 to $992,949, as compared to $7,481 in fiscal 2015. The increase came from the issuance of convertible debentures that were recorded at a deep discount to their face value, which resulted in interest charges as the debt discount was amortized over the life of the debt instrument, in addition to interest expense being recorded upon the issuance of the convertible debenture because the derrivative liability associated with the debentures was in excess of the face value of the debentures.

Name and Principal Position

Year

Salary ($)

Bonus ($)

Stock Awards ($)

Option Awards ($)

Non-Equity Incentive Plan Compensation ($)

Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)

All Other Compensation ($)

Total ($)

Robert Leyne Lee(1)

2015

60,000

NIL

48,182

108,182

President, CEO, CFO, Treasurer, Secretary

2014

22,707

NIL

22,707

John Robert Hope(2)

2015

42,000

NIL

160,682

202,682

Mining Consultant, Director, GG MC

2014

19,682

NIL

19.682

For the year ended June 30, 2016 we had a non-cash gain on the change in value of derivative liabilities of $113,445, as compared to a loss of $23,460 in fiscal 2015. The gain in 2016 is due to the lower market value of embedded derivatives in our debt instruments, at the end of the fiscal year, in comparison with the market value when the debt originated.

~~(1) Mr.~~We ~~Lee~~recorded ~~was~~a ~~appointed~~foreign asexchange ~~our~~loss ~~president~~of $425,875 ~~chief~~in ~~executive~~fiscal ~~officer~~2015, ~~and~~as ~~director~~compared onto ~~September~~no ~~12,~~loss ~~2013 and served~~ in ~~such~~fiscal ~~capacity~~2016. ~~until~~The ~~his~~loss ~~resignation~~in onfiscal ~~December 22,~~ 2015~~. Mr.~~ ~~Lee~~ was ~~compensated~~due ~~US$5,~~to ~~000~~losses ~~per month~~ in ~~company~~the ~~stock~~decrease ~~for~~of ~~his services. During~~ the ~~year Mr. Lee was issued 8,068,182 company stock with a fair~~ value of ~~US$108,182. The difference between~~ the ~~salary~~Canadian ~~and fair value was recorded as share based compensation~~dollar.

~~(2) Since his~~For ~~resignation~~the onyear ~~September~~ended 12June 30, ~~2013 as our president~~2016, ~~chief~~we ~~executive~~recorded a ~~officer~~gain ~~and~~on ~~director~~discontinued operations, ~~Mr.~~as ~~Hope~~compared ~~has~~to ~~served~~a asloss ~~Mining Consultant~~from ~~and~~discontinued ~~Director~~operations offor ~~our~~the ~~wholly~~year ~~owned~~ended ~~subsidiary~~June 30, ~~Golden~~2015. ~~Global~~The ~~Mining~~loss in ~~Corporation.~~fiscal ~~Mr.~~2015 ~~Lee~~reflected ~~was~~the ~~compensated~~costs ~~US$3,500 per~~of ~~month~~the mining operations in ~~company~~Canada. ~~stock~~The ~~for~~gain ~~his~~in ~~services.~~fiscal ~~During~~2016 is the ~~year~~result ~~Mr.~~of ~~Hope~~the ~~was~~foreclosure on ~~issued~~all ~~11,218,182~~our ~~company~~Canadian ~~stock~~assets ~~with~~by a ~~fair~~secured ~~value of US$202,682~~lender. The ~~difference~~book ~~between~~value of the ~~salary~~foreclosed ~~and~~assets ~~fair~~plus ~~value~~the ~~was~~operating ~~recorded~~expenses asof ~~share~~the ~~based~~Canadian subsidiary ~~compensation.~~in Hefiscal ~~ceased~~2016, ~~serving as~~was ~~such~~less ~~following~~than the ~~foreclosure~~amount onowed to the ~~assets~~secured ~~of our mining business on October 7, 2015~~lender.

~~(3) Mr.~~We ~~Hope~~recorded ~~received~~a ~~US$5,000~~gain ~~per~~of ~~month in cash and company stock for his services~~$446,183 ~~with~~on the ~~amount~~ sale of ~~each determined by~~ our ~~board~~former ofCanadian ~~directors.~~subsidiary ~~In July 2014, Mr. Hope received 1,050,000 “restricted” shares~~ in ~~lieu~~fiscal ~~of accrued monthly fees of $84~~2016,~~000,~~ which ~~were~~reflects ~~due to him for his services as an executive officer of and consultant to~~ the ~~Company~~negative ~~during~~book ~~the period January 2011 through December 2012. The~~ value ofthat ~~these shares~~ was ~~$0.10~~eliminated ~~per~~from ~~share~~our onconsolidated financial ~~the~~statements ~~date is issuance, therefore the additional value recorded~~ as ~~share-based~~a ~~payments~~result ~~during~~of the ~~year~~ sale.

13Liquidity and Capital Resources

~~Employment~~At ~~Agreements~~June 30, 2016, we had cash and cash equivalents of $0 and negative working capital of $1,525,926 as compared to cash and cash equivalents of $5,717 and negative working capital of $1,560,616 at June 30, 2015.

~~The~~Net ~~Company~~cash ~~was~~used ~~not~~in ~~party~~operating ~~any~~activities ~~employment~~aggregated ~~agreement~~$121,369 ~~with~~for Mrthe year ended June 30, 2016 as compared to $134,025 for the year ended June 30, 2015. ~~Lee~~In fiscal 2016, the use of cash in operations resulted primarily from a net loss from continuing operations of $675,290, a gain on the sale of our subsidiary of $446,183 and a change in the fair market value of derivatives of $113,445, offset by $105,047 in stock-based compensation, and $975,389 in amortization of debt discount. In fiscal 2015, the use of cash in operations resulted primarily from a net loss from continuing operations of $1,116,565, offset by $159,928 in stock-based compensation, $256,348 in share-based consulting fees, $425,875 in a foreign exchange loss and a net increase in operating liabilities of $95,280

~~Stock~~We ~~Options/SAR~~financed ~~Grants~~the cash used in operating activities by obtaining net cash provided by financing activities: $117,000 in fiscal 2016, consisting of $107,000 in the sale of promissory notes and 10,000 from the sale of stock, as compared to $105,231 in fiscal 2015 from the sale of promissory notes.

~~Our~~In ~~company~~fiscal ~~adopted~~2016 ~~the~~cash ~~2014~~flows ~~Employee~~provided ~~and~~by investing ~~Consultant~~activities ~~Stock~~amounted ~~Compensation~~to ~~Plans~~$1,348, ~~(the~~from ~~“Plan”) in~~ the ~~prior~~sale ~~year. The number~~ of ~~shares~~a ofsubsidiary ~~our~~as ~~common~~compared ~~stock~~to ~~available for~~cash ~~issuance~~used ~~under~~in ~~the~~investing ~~2014~~activities ~~Plan~~in ~~was~~fiscal ~~200,000~~2015 ~~shares.~~of $33 Nofor ~~grants~~an ~~have~~equipment ~~been made under the Plan~~purchase.

~~Aggregated~~The ~~Option~~accompanying ~~Exercises~~financial statements have been prepared in ~~Last~~conformity ~~Fiscal~~with ~~Year~~generally accepted accounting principles, which contemplate continuation of our company as a going concern. However, we have sustained net losses from operations during the last several years, and ~~Fiscal~~we ~~Year-End~~have ~~Values~~very limited liquidity. Our operating losses have been funded through the issuance of equity securities and borrowings. Management anticipates that we will be dependent, for the near future, on our ability to obtain additional capital to fund our operating expenses and anticipated growth. The report of our independent registered public accounting firm expresses doubt about our ability to continue as a going concern. Our operating losses have been funded through the issuance of equity securities and borrowings.

~~There~~Although ~~were~~we nohave ~~options~~improved ~~exercised~~our ~~during~~balance sheet ~~our~~with ~~fiscal~~transactions ~~years~~to ~~ended~~settle ~~June~~our 30debt, ~~2015~~we orcontinue ~~2014~~to have liabilities in excess of our assets. We are working to settle our remaining liabilities and to raise cash to support our operating loss, byand ~~any~~we ~~executive~~continually ~~officer~~consider ora ~~director~~variety of possible sources. We are in default of most of our ~~company~~debt agreements. In the current economic environment, the procurement of outside funding is extremely difficult and there can be no assurance that such financing will be available, or, if available, that such financing will be

~~Outstanding~~at ~~Equity~~a ~~Awards~~price atthat ~~Fiscal~~will be acceptable to us. If ~~Year~~we ~~End~~are unable to generate sufficient revenues or raise additional capital, our operations will terminate.

NoNew ~~equity~~Accounting ~~awards were outstanding as of the June 30, 2015.~~Standards

~~Compensation~~The ofnew ~~Directors~~accounting pronouncements in Note 1 to our consolidated financial statements, which are included in this Report, are incorporated herein by reference thereto.

WeOff-Balance ~~reimburse~~Sheet our directors for expenses incurred in connection with attending board meetings. We have not paid any director’s fees or other cash compensation for services rendered as a director since our inception.Arrangements

We ~~have~~do nonot ~~formal~~have ~~plan~~any ~~for~~off-balance ~~compensating~~sheet arrangements ~~our~~that ~~directors~~have ~~for~~or ~~their service in their capacity as directors, although such directors~~ are ~~expected~~reasonably inlikely ~~the future~~ to ~~receive~~have ~~stock options~~a tocurrent ~~purchase shares of common stock as awarded by our board of directors~~ or ~~(as to~~ future ~~stock~~effect options) a compensation committee which may be established. Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of our board of directors. Our board of directors may award special remuneration to any director undertaking any special services on our ~~behalf~~financial ~~other~~condition ~~than~~or ~~services~~results ~~ordinarily required~~ of ~~a director~~operations. ~~No director received and/or accrued any compensation for their services as a director, including committee participation and/or special assignments.~~

~~ITEM~~Critical ~~12.~~Accounting ~~SECURITY~~Policies ~~OWNERSHIP~~and ~~OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS~~Estimates

~~The~~Use ~~following table sets forth, as~~ of June 30, 2015, certain information with respect to the beneficial ownership of our common stock by each stockholder known by us to be the beneficial owner of more than 5% of our common stock and by each of our current directors and executive officers. Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.Estimates

	Amount and Nature of	Percentage of
Name and Address of Beneficial Owner	Beneficial Owner	Class
Robert Leyne Lee 2537 S. Gessner Rd., Suite 122, Houston, TX 77063	11,278,182 shares		26	%
All Executive Officers and Directors As a Group (one person)	11,278,182 shares		26	%
John Robert Hope 17412 105 Avenue NW, Suite 201 Edmonton, Alberta, T5S 1G4	12,328,182 shares		27	%

In preparing financial statements in conformity with generally accepted accounting principles, management is required 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 period. The most significant estimates relate to the allowance for doubtful accounts receivable, income tax valuation allowance, and the derivative liabilities. On a continual basis, management reviews its estimates, utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.

14Revenue Recognition

~~Securities~~The ~~Authorized~~Company ~~for~~recognizes ~~Issuance~~revenue ~~under~~only ~~Equity~~when ~~Compensation~~all of the following criteria ~~Plans~~have been met:

Plan category	Number of securities to be issued upon exercise of outstanding options, warrants and rights	Weighted-average exercise price of outstanding options, warrants and rights	Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
Equity compensation plans approved by security holders	0 shares	None issued	0 shares
Equity compensation plans not approved by security holders	0 shares(1)	None issued	200,000 shares(1)
Total	0 shares (1)	None issued	200,000 shares (1)

Persuasive evidence of an arrangement exists;
~~(1)~~Delivery ~~Represents~~has ~~shares~~occurred ~~reserved~~or ~~for~~services ~~issuance~~have ~~under~~been ~~our 2014 Employee and Consultant Stock Compensation Plan.~~rendered;
~~ITEM~~The ~~13.~~fee ~~CERTAIN~~for ~~RELATIONSHIPS~~the ~~AND~~arrangement ~~RELATED~~is ~~TRANSACTIONS,~~fixed ~~AND~~or ~~DIRECTOR~~determinable; ~~INDEPENDENCE~~and
~~Except~~Collectability asis ~~disclosed~~reasonably elsewhere in this report, there have been no transactions or proposed transactions in which the amount involved exceeds the lesser of $120,000 or one percent of the average of our total assets at year-end for the three fiscal years ended June 30, 2015 and 2014 in which any of our directors, executive officers or beneficial holders of more than 5% of the outstanding shares of our common stock, or any of their respective relatives, spouses, associates or affiliates, has had or will have any direct or material indirect interest.assured

~~During~~Revenue ~~the~~on ~~year~~product sales ~~ended~~is ~~June~~recognized ~~30,~~upon ~~2015,~~delivery ~~we did~~or shipment. Customer deposits/layaway sales are not ~~have~~reported ~~any~~as ~~independent~~income ~~directors~~unit final payment is received and the merchandise is delivered.

15Share-based Payments

~~ITEM~~The 14Company utilizes the Black-Scholes option pricing model to estimate the fair value of employee stock option awards at the date of grant, which requires the input of highly subjective assumptions, including expected volatility and expected life. ~~PRINCIPAL~~Changes ~~ACCOUNTANTS~~in ~~FEES~~these ~~AND~~inputs ~~SERVICES~~and assumptions can materially affect the measure of estimated fair value of share-based compensation. These assumptions are subjective and generally require significant analysis and judgment to develop. When estimating fair value, some of the assumptions will be based on, or determined from, external data and other assumptions may be derived from historical experience with stock-based payment arrangements. The appropriate weight to place on historical experience is a matter of judgment, based on relevant facts and circumstances.

The ~~aggregate~~Company ~~fees~~estimates ~~billed~~volatility ~~for the fiscal years ended June 30, 2015 and 2014, for professional services rendered~~ by ~~our independent registered public accounting firm for~~considering the ~~audit~~historical ofstock ~~our~~volatility. ~~annual~~The ~~consolidated~~Company ~~financial~~has ~~statements~~opted ~~and~~to ~~review~~use of the ~~consolidated~~simplified ~~financial~~method ~~statements~~for ~~included~~estimating inexpected ~~our~~term, ~~quarterly reports~~which onis ~~Form~~generally equal ~~10-Q~~to ~~and~~the ~~services~~midpoint ~~that~~between ~~are normally provided by~~ the ~~accountant~~vesting inperiod ~~connection with statutory~~ and ~~regulatory~~the ~~filings or~~contractual ~~engagements for these fiscal periods were as follows:~~term.

	Year Ended June 30
	2015 ($)		2014 ($)
Audit Fees	$	12,000	$	12,000
Audit Related Fees	$	16,000	$	16,000
Tax Fees		-		-
All Other Fees		-		-
Total	$	30,000	$	30,000

Derivatives

~~Our~~The ~~board~~Company ofevaluates ~~directors~~and ~~pre-approves~~accounts ~~all~~for ~~services~~conversion ~~provided~~options byembedded ~~our~~in ~~independent~~convertible ~~auditors.~~instruments ~~All~~in ofaccordance ~~the~~with ~~above~~ASC ~~services~~815 ~~and~~“Derivatives ~~fees were reviewed~~ and ~~approved~~Hedging ~~by the board of directors either before or after the respective services were rendered~~Activities”.

~~Our~~Accounting ~~board~~standards ofrequire ~~directors~~companies to ~~has~~bifurcate ~~considered~~conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The Company accounts for convertible instruments (when we have determined that the embedded conversion ~~nature~~options ~~and~~should ~~amount~~not be bifurcated from their host instruments) as follows: We record when necessary, discounts to convertible notes for the intrinsic value of ~~fees~~conversion ~~billed~~options byembedded ~~our~~in ~~independent~~debt ~~auditors~~instruments ~~and~~based ~~believes~~upon ~~that~~the differences between the ~~provision~~fair value of the ~~services~~underlying ~~for~~common ~~activities~~stock ~~unrelated~~at the commitment date of the note transaction and the effective conversion price embedded in the note. toDebt discounts under these arrangements are amortized over the ~~audit~~term isof ~~compatible~~the ~~with~~related ~~maintaining~~debt ~~our~~to ~~independent~~their ~~auditors’~~stated ~~independence~~date of redemption.

~~PART~~The IVCompany accounts for the conversion of the underlying derivative of a convertible debt instrument as a gain or loss. The decrease in debt that results from a debt conversion is calculated and compared to the then-current fair value of shares issued with any difference recorded as an increase or decrease to capital in excess of par value.

~~ITEM~~Income ~~15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES~~Taxes

~~(a)~~ The ~~following~~Company ~~documents~~accounts for income taxes under the asset and liability method. Deferred tax assets and liabilities are ~~filed~~recognized asfor the future tax consequences attributable ~~part~~to differences between the financial statement carrying amounts of ~~this~~existing ~~Report:~~assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. A valuation allowance has been established to eliminate the Company’s deferred tax assets as it is more likely than not that any of the deferred tax assets will be realized.

~~(1)~~The ~~Financial~~Company ~~Statements.~~recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The ~~following~~tax ~~consolidated~~benefits recognized in the financial statements from ~~and~~such a position are measured based on the ~~report~~largest benefit that has a greater than fifty percent likelihood of ~~our~~being ~~independent~~realized upon ~~registered~~settlement ~~public~~with ~~accounting~~the ~~firm,~~tax authorities. Changes in recognition or measurement are ~~filed~~reflected asin ~~“Item~~the 8period in which the change in judgment occurs. The ~~Financial~~Company ~~Statements~~records interest related to unrecognized tax benefits in interest expense and ~~Supplementary~~penalties ~~Data”~~in ofincome ~~this~~tax ~~report:~~expense. The Company has determined that it had no significant uncertain tax positions requiring recognition or disclosure.

~~Report~~We ofcontinually ~~Independent~~evaluate ~~Registered~~our accounting policies ~~Public~~and ~~Accounting~~the ~~Firm~~estimates we use to prepare our consolidated financial statements. In general, the estimates are based on historical experience, on information from third party professionals and on various other sources and assumptions that are believed to be reasonable under the facts and circumstances at the time such estimates are made. Management considers an accounting estimate to be critical if:

~~Consolidated~~● ~~Balance~~it ~~Sheets~~ requires assumptions to be made that were uncertain at ~~June~~the ~~30,~~time ~~2015~~the estimate was made; and ~~2014~~● changes in the estimate, or the use of different estimating methods, could have a material impact on our consolidated results of operations or financial condition.

~~Consolidated~~Actual ~~Statements~~results ofcould ~~Operations~~differ from those estimates. ~~for~~Significant ~~the~~accounting ~~Years~~policies ~~Ended~~are ~~June~~described 30in Note 1 to our consolidated financial statements, ~~2015~~which ~~and~~are ~~2014~~included in this Report. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP. There are also areas in which management’s judgment in selecting any available alternative would not produce a materially different result.

~~Consolidated~~Item ~~Statements~~7A. ofQuantitative ~~Cash Flows~~and ~~for~~Qualitative ~~the~~Disclosures ~~Years~~about ~~Ended~~Market ~~June 30, 2015 and 2014~~Risk.

~~Consolidated~~We ~~Statements~~are ofa ~~Stockholders’~~smaller reporting company as defined ~~Equity~~by ~~for~~Rule 12b-2 of the ~~Years~~Exchange ~~Ended~~Act ~~June~~and ~~30,~~are ~~2015~~not ~~and~~required ~~2014~~to provide information under this item.

~~Notes~~Item to8. ~~Consolidated~~ Financial Statements and Supplementary Data.

16Our Consolidated Financial Statements required by this Item are included herein, commencing on page F-1.

~~(2)~~Item ~~Financial~~9. ~~Statement~~Changes ~~Schedules~~in and Disagreements with Accountants on Accounting and Financial Disclosure.

~~Financial~~Effective ~~Statement~~November ~~Schedules are~~29, ~~omitted~~2017, ~~because~~Golden ~~the~~Global Corp. ~~information required is not applicable or~~ (the ~~required~~“Company”) ~~information~~terminated isMNP ~~shown~~LLC inas ~~the~~its ~~financial~~independent ~~statements or~~registered ~~notes~~public ~~thereto~~accounting firm.

~~(3)~~The ~~Exhibits~~audit report of MNP LLC on the consolidated financial statements of the Company as of and for the period from inception through March 31, 2016, the date of the last audit performed by MNP LLC of the Company’s 2015 fiscal year financial statements, did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.

Exhibit No.		Description
(3)		(i) Articles of Incorporation; and (ii) Bylaws
3.1		Articles of Incorporations (incorporated by reference to our Registration Statement on Form S-1 filed on October 5, 2010).
3.2		Certificate of Correction filed with the Nevada Secretary of State on February 19, 2010 (incorporated by reference to our Registration Statement on Form S-1 filed on October 5, 2010).
3.3		Bylaws (incorporated by reference to our Registration Statement on Form S-1 filed on October 5, 2010).
(10)		Material Contracts
10.1		McDame Asset Purchase Agreement dated May 16, 2010 (Incorporated by reference to our Registration Statement on Form S-1/A filed on December 1, 2010).
10.2		Asset Purchase Agreement with Velocity Resources Canada Ltd., dated December 12, 2009 (incorporated by reference to our Registration Statement on Form S-1/A filed on December 1, 2010).
10.3		Addendum to Asset Purchase Agreement with Velocity Resources Canada Ltd., dated December 12, 2009 (incorporated by reference to our Registration Statement on Form S-1/A filed on January 2, 2011).
10.4		Securities Purchase Agreement with Asher Enterprises, Inc., dated March 14, 2012 (Incorporated by reference to our Current Report on Form 8-K filed on March 23, 2012)
10.5		Convertible Promissory Note with Asher Enterprises, Inc., dated March 14, 2012 (Incorporated by reference to our Current Report on Form 8-K filed on March 23, 2012)
10.6		2012 Employee and Consultant Stock Compensation Plan (Incorporated by reference to our Registration Statement filed on Form S-8 on May 8, 2012)
10.7		Securities Purchase Agreement with Asher Enterprises, Inc., dated May 2, 2012 (incorporated by reference to our Current Report on Form 8-K filed on May 21, 2012).
10.8		Convertible Promissory Note with Asher Enterprises, Inc. dated May 2, 2012 (incorporated by reference to our Current Report on Form 8-K filed on May 21, 2012).
(14)		Code of Ethics
14.1		Code of Ethics (incorporated by reference to our Annual Report on Form 10-K filed on October 13, 2011)
(21)		List of Subsidiaries
21.1		Golden Global Mining Corporation, an Alberta company
(31)		Rule 13a-14(a)/15d-14(a) Certification
31.1*		Section 302 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
(32)		Section 1350 Certification
32.1*		Section 906 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
101**		Interactive Data Files (Form 10-K for the Year Ended June 30, 2012)
EX-101.INS		XBRL Instance Document
EX-101.SCH		XBRL Taxonomy Extension Schema
EX-101.CAL		XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF		XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB		XBRL Taxonomy Extension Label Linkbase
EX-101.PRE		XBREL Taxonomy Extension Presentation Linkbase

In connection with the audit of the Company's consolidated financial statements for the period ended June 30, 2015 and through the date of the termination of MNP LLC, there were: (i) no disagreements between the Company and MNP LLC on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of MNP LLC, would have caused MNP LLC to make reference to the subject matter of the disagreement in its report on the Company’s financial statements for such period, and (ii) no reportable events within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.

*On ~~Filed~~November ~~herewith~~30, 2017, the Company appointed Fruci & Associates as its new independent registered public accounting firm. The decision to engage Fruci & Associates was approved by the board of directors. During the Company’s most recent fiscal year ended June 31, 2016 and through November 29, 2017, the Company did not consult with Fruci & Associates on (i) the application of accounting principles to a specified transaction, either completed or proposed; (ii) the type of audit opinion that may be rendered on the Company’s financial statements, and Fruci & Associates did not provide either a written report or oral advice to the Company that Fruci & Associates concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue; or (iii) any matter that was either the subject of any disagreement, as defined in Item 304 (a)(1)(iv) of Regulation S-K and the related instructions, or a reportable event within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.

**Item ~~Furnished herewith~~9A. ~~Pursuant~~Controls to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and ~~Exchange Act of 1934, and otherwise are not subject to liability under those sections~~Procedures.

17Evaluation of Disclosure Controls and Procedures

~~SIGNATURES~~Our Chief Executive and Chief Financial Officer conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the“Exchange Act”), as of June 30, 2016, to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities Exchange Commission’s rules and forms, including to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Based on that evaluation, our Chief Executive and Chief Financial Officer has concluded that as of June 30, 2016, our disclosure controls and procedures were not effective at the reasonable assurance level due to the material weaknesses identified and described in Item 9A(b) of this report.

~~Pursuant~~Our Chief Executive and Chief Financial Officer does not expect that our disclosure controls or internal controls will prevent all error and all fraud. Although our disclosure controls and procedures were designed to ~~the~~provide ~~requirements~~reasonable assurance of ~~Section~~achieving their objectives and our Chief Executive and 13Chief orFinancial ~~15(d)~~Officer has determined that our disclosure controls and procedures are effective at doing so, a control system, no matter how well conceived and operated, can provide only reasonable, not absolute assurance that the objectives of the ~~Securities~~system are ~~Exchange~~met. ~~Act~~Further, the design of ~~1934~~a control system must reflect the fact that there are resource constraints, and the ~~registrant~~benefits ~~has~~of controls ~~duly~~must ~~caused~~be ~~this~~considered ~~report~~relative to betheir ~~signed~~costs. onBecause ~~its~~of ~~behalf~~the byinherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been ~~undersigned~~detected. These inherent limitations include the realities that judgments in decision-making can be faulty, ~~thereunto~~and ~~duly~~that ~~authorized~~breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented if there exists in an individual a desire to do so. There can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

~~GOLDEN GLOBAL CORP. /~~Management’s/ ~~Erik~~Assessment ~~Blum~~of ~~Erik~~Internal Control ~~Blum~~over ~~Chief Executive Officer and Acting Chief~~ Financial ~~Officer (Principal Executive, Financial and Accounting Officer) Dated: April 14, 2016~~Reporting

~~Pursuant~~Management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act). Internal control over financial reporting is a process designed by, or under the supervision of, our Chief Executive and Acting Chief Financial officer (our Principal Executive, Financial and Accounting Officer), to provide reasonable assurance regarding the ~~requirements~~reliability of financial reporting and the ~~Securities~~preparation of financial statements in accordance with GAAP. Internal control over ~~Exchange~~financial ~~Act~~reporting includes those policies and procedures that (1) pertain to the maintenance of ~~1934~~records that, ~~this~~in ~~report~~reasonable ~~has~~detail, accurately ~~been~~and ~~signed~~fairly ~~below~~reflect bythe transactions and dispositions of the ~~following~~assets ~~persons~~of onour ~~behalf~~Company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of ~~the~~financial ~~registrant~~statements in accordance with GAAP, and that receipts and expenditures of our company are being made only in ~~the~~accordance ~~capacities~~with authorizations of management and Directors of our Company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of our company’s assets that could have a material effect on the ~~dates~~financial ~~indicated~~statements. Because of its inherent limitations, internal control over financial reporting may not provide absolute assurance that a misstatement of our financial statements would be prevented or detected.

~~/s/~~Further, ~~Eric~~the ~~Blume~~evaluation ~~Eric~~of ~~Blum~~the ~~Chief~~effectiveness of ~~Executive~~internal ~~Officer,~~control ~~Acting~~over ~~Chief~~financial ~~Financial~~reporting ~~Officer~~was ~~(Principal~~made ~~Executive,~~as ~~Financial~~of ~~and~~a ~~Accounting~~specific ~~Officer~~date, and ~~Director~~continued ~~Dated:~~effectiveness ~~April~~in 14future periods is subject to the risks that controls may become inadequate because of changes in conditions, ~~2016~~or that the degree of compliance with the policies or procedures may deteriorate.

18Our Chief Executive and Chief Financial Officer (our Principal Executive, Financial and Accounting officer), conducted an evaluation of the effectiveness of our internal control over financial reporting as of June 30, 2016 based on the criteria established in a report entitled “2013 Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission” and the interpretive guidance issued by the Commission in Release No. 34-55929. Based on this assessment, Management identified the following two material weaknesses that have caused management to conclude that, as of June 30, 2016, our disclosure controls and procedures, and our internal control over financial reporting, were not effective at the reasonable assurance level in that:

~~INDEX~~1. TOWe ~~CONSOLIDATED~~do ~~FINANCIAL~~not ~~STATEMENTS~~have written documentation of our internal control policies and procedures. Written documentation of key internal controls over financial reporting is a requirement of Section 404 of the Sarbanes-Oxley Act of 2002. Management evaluated the impact of our failure to have written documentation of our internal controls and procedures on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

	Page
Report of Independent Registered Public Accounting Firm	F-2
Consolidated Balance Sheets at June 30, 2015 and 2014	F-3
Consolidated Statements of Operations for the Years Ended June 30, 2015 and 2014	F-4
Consolidated Statements of Stockholders’ Equity for the Years Ended June 30, 2015 and 2014	F-5
Consolidated Statements of Cash Flows for the Years Ended June 30, 2015 and 2014	F-6
Notes to Consolidated Financial Statements	F-7

2. We do not have sufficient segregation of duties within accounting functions, which is a basic internal control. Due to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, the initiation of transactions, the custody of assets and the recording of transactions should be performed by separate individuals. Management evaluated the impact of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

~~F-1~~To address these material weaknesses, management performed additional analyses and other procedures to ensure that the consolidated financial statements included herein fairly present, in all material respects, our financial position, results of operations and cash flows for the periods presented. Accordingly, we believe that the consolidated financial statements included in this report fairly present, in all material respects, our financial condition, results of operations and cash flows for the periods presented.

~~Independent~~This ~~Auditors~~annual report does not include an attestation report of the Company’s ~~Report~~independent registered public accounting firm regarding internal control over financial reporting. The Company’s registered public accounting firm was not required to issue an attestation on its internal controls over financial reporting pursuant to the rules of the SEC. To remediate the material weakness in our documentation, evaluation and testing of internal controls, we plan to engage a third-party firm or to hire a chief financial officer, to assist us in this process once financial resources become available.

To(c) ~~the~~Changes ~~Board~~in ofInternal ~~Directors~~Control ~~and~~over ~~Stockholders~~Financial ~~of Golden Global Corp. (An Exploration Stage Company):~~Reporting

WeThere have ~~audited~~been ~~the~~no ~~accompanying~~changes ~~consolidated balance~~in ~~sheets~~our ofinternal controls ~~Golden~~over ~~Global~~financial ~~Corp.~~reporting ~~and its subsidiary~~ (~~the~~as ~~"Company")~~such asterm ofis ~~June~~defined ~~30,~~in ~~2015~~Rule 13a-15(f) and ~~2014,~~15d-15(f) ~~and~~under the ~~consolidated statements~~Securities ofExchange ~~operations,~~Act) ~~stockholders’~~during the ~~equity,~~fourth ~~and~~quarter ~~cash~~of ~~flows for~~ the ~~years~~fiscal year ended June 30, ~~2015~~2016 ~~and~~that ~~2014.~~have ~~These~~materially ~~consolidated financial~~affected, ~~statements~~or are ~~the~~reasonably ~~responsibility~~likely ~~of the Company’s management. Our responsibility is~~ to ~~express~~materially affect, anour ~~opinion~~internal oncontrol ~~these consolidated~~over financial ~~statements based on our audits~~reporting.

WeItem ~~conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States)~~9B. ~~Those~~Other ~~standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement~~Information. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

~~In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Golden Global Corp~~None. and its subsidiary as of June 30, 2015 and 2014, and the results of their operations and their cash flows for the years ended June 30, 2015 and 2014 in conformity with accounting principles generally accepted in the United States of America.

AsPART discussed in Note 1 to the consolidated financial statements, at June 30, 2015, the Company had not yet achieved profitable operations and has accumulated losses since its inception. These conditions 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 1. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.III

Calgary, Canada	/s/ MNP LLP
March 31, 2016	Chartered Professional Accountants

Item 10. Directors, Executive Officers and Corporate Governance.

~~F-2~~Directors and Executive Officers

The following table and biographical summaries set forth information, including principal occupation and business experience, about the sole director and executive officer of Golden Global ~~Corporation~~.

(An Exploration Stage Company)

Name	Age	Position

Erik Blum	52	Chief Executive Officer, Chief Financial Officer, Chairman, Secretary and Director

Edward Dees Jr.	42	Chief Operating Officer

~~Consolidated~~Erik ~~Balance~~Blum ~~Sheets~~joined the Company in March 2016 as Chief Executive Officer, Acting Chief Financial Officer and a Director. In 2014, Mr. Blum founded JW Price Capital, LLC, a corporate consulting firm, which focuses its business on providing business development services to microcap and other small public companies. His interest in this business was sold on February 20, 2016. From February 2014 through August 2014, Mr. Blum was an executive with City Twist, LLC, which was engaged in providing national Email advertising services for the automotive industry. From January 2012 through December 2013, he was Managing Director of Infinity One Card Services, which marketed debit cards which could be used for payment of salary as opposed to paper checks. For over twenty-five (25) years prior thereto, Mr. Blum was involved in all aspects of the retail securities brokerage industry, most recently as a registered representative for Stern Agee and Leach, Inc. from July 2010 through December 2011.

~~Stated~~From 2006 through 2009, Mr. Blum was a registered representative with Aura Financial Services, Inc. (“Aura”), which was a registered broker-dealer from February 1997 to February 2010 and managed its South Florida office, which initially was in ~~Canadian~~West ~~dollars~~Palm Beach and subsequently relocated to Miami. In September 2010, the SEC instituted administrative proceedings against the president and principal owner of Aura and two of Aura’s registered representatives, including Mr. Blum, alleging, among other matters that during 2008 and 2009, they had failed to properly supervise certain other Aura registered representatives (one in Mr. Blum’s case) and follow up on certain “red flags,” which allowed churning and losses in various client accounts.

	June 30, 2015			June 30, 2014
ASSETS
Current
Cash and cash equivalents	$	7,131		$	43,006
Prepaid and retainer		10,000			-
Sales tax and other receivable		2,787			2,787
Total current assets		19,918			45,793
Property and equipment
Property and equipment (Note 3)		86,033			126,861
Mineral properties, unproven (Note 4)		20,012			20,012
Total property and equipment		106,045			146,873
Total Assets	$	125,963		$	192,666
LIABILITIES
Current
Accounts payable and accrued liabilities	$	132,942		$	72,632
Due to related parties (Note 5)		215,891			332,747
Note payable (Note 6)		146,734			153,750
Fair value of embedded derivative (Note 7)		1,089,160			341,002
Shares to be issued (Note 10)		6,000			-
Dividend payable		30,759			23,871
Total Liabilities		1,621,486			924,002
STOCKHOLDERS' DEFICIT
Capital Stock (Note 8)
Authorized: 4,500,000,000 (June 30, 2014 – 1,500,000) with a par value of $0.0001
Outstanding:
45,338,846 common stock (2014 - 1,440,499) (Note 8)		154,779			14,405
Additional paid in capital		1,179,004			748,729
Deficit accumulated during the exploration stage		(2,905,270	)		(1,570,434	)
		(1,571,487	)		(807,300	)
Equity attributable to non-controlling interest (NCI)		75,964			75,964
Total Stockholders' Deficit		(1,495,523	)		(731,336	)
Total Liabilities and Stockholders' Deficit	$	125,963		$	192,666

In August 2011, Mr. Blum submitted and the SEC accepted an Offer of Settlement, pursuant to which Mr. Blum agreed to not serve in a supervisory capacity with any broker-dealer or investment adviser, subject to his ability to reapply for such license after two (2) years and pay certain financial penalties. Mr. Blum left the brokerage industry and accordingly, has not reapplied for licensure.

~~Going~~Edward ~~Concern~~Dees ~~(Note~~Jr. 1)was hired as our Chief Operating Officer on Spetember 30, 2017. Mr. Dees has worked as a master grower for more than five years at Anted LLC, a company that he founded. He specialize in mushrooms until 2010, when his focus turned to medical marijuana.

~~Commitments~~Terms ~~(Note~~of ~~10)~~Office

~~Subsequent~~All ~~Events~~of ~~(Note~~the ~~11)~~directors of our company hold office until the next annual meeting of shareholders or until their successors have been elected and qualified. Our officers are appointed by our board of directors and hold office until their death, resignation or removal from office.

~~The~~Section ~~accompanying~~16(a) ~~notes~~Beneficial ~~are~~Ownership ~~an integral part of the consolidated financial statements.~~Compliance

~~F-3~~Section 16(a) of the Securities and Exchange Act of 1934 (the “Exchange Act”) requires our directors and executive officers and persons who beneficially own more than ten percent of our common stock (collectively, the “Reporting Persons”) to report their ownership of and transactions in our common stock to the Securities and Exchange Commission. Copies of these reports are also required to be supplied to us. To our knowledge, during the fiscal year ended June 30, 2016 the Reporting Persons complied with all applicable Section 16(a) reporting requirements under the Exchange Act.

~~Golden~~Board ~~Global Corporation~~Committees

~~(An~~Our ~~Exploration~~board ~~Stage~~of ~~Company)~~directors does not currently have an audit committee, a compensation committee, or a corporate governance committee. We plan to establish such committees in the near future.

~~Consolidated~~Code ~~Statements~~ of ~~Operations~~Ethics

~~Stated~~We inhave ~~Canadian~~adopted ~~dollars~~a Code of Ethics that apples to, among other persons, our company’s principal executive officers and senior financial executives, as well as persons performing similar functions. Our Code of Ethics and Business Conduct was filed with the SEC as Exhibit 14.1 to our Annual Report on Form 10-K for the year ended June 30, 2011. We will provide a copy of the Code of Ethics and Business Conduct to any person without charge, upon request. Requests can be sent to the Company, 22106 Montebello Drive, Boca Raton, FL 33433.

	Year ended June 30, 2015			Year ended June 30, 2014
Expenses
Administration fees	$	9,825		$	4,682
Consulting fees		379,878			192,448
Depreciation		41,230			33,521
Professional fees		55,389			57,377
Office and general		73,788			130,734
Stock-based compensation (Note 8)		193,267			-
Travel expenses		1,115			9,926
		(754,492	)		(428,688	)
Other items
Foreign exchange loss		(514,652	)		(51,775	)
Loss on change in fair value of embedded derivative		(28,350	)		(106,474	)
Financing costs		(15,632	)		(8,224	)
Loan penalties (Note 7)		(14,822	)		-
Interest income		-			87
Net loss and comprehensive loss for the year		(1,327,948	)		(595,074	)
Preferred shares dividend		(6,888	)		(6,907	)
Attributed to common stockholders	$	(1,334,836	)	$	(601,981	)
Basic and diluted loss per share	$	(0.097	)	$	(0.084	)
Weighted average number of shares outstanding		13,807,514			7,181,564

Item 11. Executive Compensation.

~~The~~Summary ~~accompanying~~Compensation ~~notes are an integral part of the consolidated financial statements.~~Table

~~F-4~~The following table sets forth, for the fiscal years indicated, all compensation awarded to, earned by or paid to Mr. Erik Blum, our Chairman, Chief Executive Officer and Chief Financial Officer, and to former corporate officers, Robert Leyne Lee and John Robert Hope (collectively, the “Named Executives”). We have no other executive officers.

~~Golden~~SUMMARY ~~Global~~COMPENSATION ~~Corporation~~TABLE

(An Exploration Stage Company)

Name and Principal Position	Year	Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)		All Other Compensation ($)		Total ($)
Eric Blum⁽¹⁾	2016		88,027		-		-		-		-		-		-		88,027
Chairman, Chief Executive Officer and Chief Financial	2015		-		-		-		-		-		-		-		-
Officer

Robert Leyne Lee⁽²⁾	2016		22,500		-		-		-		-		-		-		22,500
President, CEO, CFO,	2015		60,000		-		-		-		-		-		48,182		108,182
Treasurer, Secretary

John Robert Hope⁽³⁾	2016		45,000		-		-		-		-		-		-		45,000
Mining Consultant,	2015		42,000		-		-		-		-		-		160,682		202,682
Director

~~Consolidated~~(1) ~~Statements~~Amounts in fiscal 2016 are unpaid salary to Mr. Blum of ~~Stockholders' Equity~~$88,027 at June 30, 2016. Actual cash payments for salary for 2016 amounted to $0. Mr. Blum was appointed our Chairman, Chief Executive Office and Chief Financial officer on March 3, 2106.

~~Stated~~(2) Mr. Lee was appointed as our president, chief executive officer and director on September 12, 2013 and served in ~~Canadian~~such ~~dollars~~capacity until his resignation on December 22, 2015. Mr. Lee was compensated US$5, 000 per month in company stock for his services. During the 2015 fiscal year Mr. Lee was issued 8,068,182 company stock with a fair value of US$108,182. The difference between the salary and fair value was recorded as share based compensation.

							Deficit Accumulated			Equity attributable to			Equity
	Common Stock				Additional		During the Exploration			Golden Global Corp			attributable to
	Shares (i)		Amount		Paid-in Capital		Stage			Shareholders			NCI		Total Equity
Balance, July 1, 2013		461,288	$	4,612	$	625,798	$	(968,453	)	$	(338,043	)	$	75,964	$	(262,079	)
Issuance of common shares, consulting services		120,000		1,200		30,081		-			31,281			-		31,281
Issuance of common shares, note conversion		859,366		8,593		92,850		-			101,443			-		101,443
Dividend		-		-		-		(6,907	)		(6,907	)		-		(6,907	)
Net loss and comprehensive loss		-		-		-		(595,074	)		(595,074	)				(595,074	)
Balance, June 30, 2014		1,440,654	$	14,405	$	748,729	$	(1,570,434	)	$	(807,300	)	$	75,964	$	(731,336	)
Issuance of common shares, consulting services (Note 8)		20,486,364		81,114		392,631		-			473,745			-		473,745
Issuance of common shares, note conversion (Note 7)		21,726,435		59,260		37,644		-			96,904			-		96,904
Dividend		-		-		-		(6,888	)		(6,888	)		-		(6,888	)
Net loss and comprehensive loss		-		-		-		(1,327,948	)		(1,327,948	)		-		(1,327,948	)
Balance, June 30, 2015		43,653,453	$	154,779	$	1,179,004	$	(2,905,270	)	$	(1,571,487	)	$	75,964	$	(1,495,523	)

(3)

Since his resignation on September 12, 2013 as our president, chief executive officer and director, Mr. Hope has served as Mining Consultant and Director of our wholly owned subsidiary, Golden Global Mining Corporation. Mr. Lee was compensated US$3,500 per month in company stock for his services. During the 2015 fiscal year Mr. Hope was issued 11,218,182 company stock with a fair value of US$202,682. The difference between the salary and fair value was recorded as share based compensation. He ceased serving as such following the foreclosure on the assets of our mining business on October 7, 2015.

~~(i)~~Outstanding ~~After~~Equity ~~effect~~Awards ofat ~~reverse~~Fiscal ~~stock~~Year ~~split (Note 8)~~End

~~The~~There ~~accompanying~~were ~~notes~~no ~~are~~outstanding unexercised anstock ~~integral part~~options ofor ~~the~~equity ~~consolidated~~awards ~~financial~~at ~~statements~~June 30, 2016.

~~F-5~~Stock Option Grants

~~Golden~~There ~~Global~~were ~~Corporation~~no stock option grants or exercises in fiscal 2016 for Named Executives.

~~(An~~Board ~~Exploration~~of ~~Stage~~Directors ~~Company)~~Compensation

~~Consolidated~~We ~~Statements~~do ofnot ~~Cash~~currently ~~Flows~~compensate directors for service on our board of directors

~~Stated~~Item in12. ~~Canadian~~Security ~~dollars~~Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

	For the Year ended June 30, 2015			For the Year ended June 30, 2014
Operating activities
Net loss for year	$	(1,327,948	)	$	(595,074	)
Share based payment for consulting services		319,755			31,281
Non-cash interest		-			3,750
Stock-based compensation		193,267			-
Depreciation		41,230			33,521
Loss on change in fair value of embedded derivative		28,350			365,217
Foreign exchange loss		545,370			-
Changes in non-cash working capital balances
Sales tax and other receivable		-			(2,768	)
Prepaid expenses		(10,000	)		-
Accounts payable and accrued liabilities		60,310			16,696
Due to related parties		(16,051	)		150,000
Shares to be issued		6,000			-
Note payable		(7,016	)		-
Net cash provided by (used in) operating activities		(166,733	)		2,623
Financing activities
Proceeds from convertible promissory notes		131,260			143,601
Net cash provided by financing activities		131,260			143,601
Investing activities
Purchase of equipment		(402	)		(110,000	)
Net cash used in investing activities		(402	)		(110,000	)
Increase (decrease) in cash and cash equivalents during the year		(35,875	)		36,224
Cash and cash equivalents, beginning of the year		43,006			6,782
Cash and cash equivalents, end of the year	$	7,131		$	43,006

As of September 26, 2018 there were 37,408,293 shares of our common stock issued and outstanding. Each share of common stock entitles the holder thereof to one vote with respect to each item to be voted on by holders of the shares of common stock. We have 1000 shares of Series A Preferred stock outstanding, held by our Chief Executive Officer, as detailed in the chart below. The Series A Preferred stock controls at least 51% of the Company's voting power, because it has voting rights equal to 4 times the value of the total number of shares of common stock issued and outstanding at the time of voting, including votes attributable to other shareholders who hold preferred stock.

The ~~accompanying~~following ~~notes~~table ~~are~~sets anforth ~~integral~~information with ~~part~~respect ofto the ~~consolidated financial~~beneficial ~~statements.~~ownership of shares of our common stock as of June 15, 2018, by:

~~F-6~~● Each person whom we know beneficially owns more than 5% of any class of equity security; ● each of our directors individually; ● each of our named executive officers individually; and ● all of our current directors and executive officers as a group

~~GOLDEN~~Unless ~~GLOBAL~~otherwise ~~CORP~~indicated, to our knowledge, all persons listed below have sole voting and investment power with respect to their shares of common stock. ~~(An~~Each ~~Exploration~~person ~~Stage~~listed below ~~Company)~~disclaims ~~NOTES~~beneficial TOownership ~~THE~~of ~~CONSOLIDATED~~their ~~FINANCIAL~~shares, ~~STATEMENTS~~except ~~For~~to the ~~years~~extent ~~ended~~of their pecuniary interests therein. Shares of common stock that an individual or group has the right to acquire within 60 days of June 30, ~~2015~~2016, ~~and~~pursuant ~~2014~~to ~~Stated~~the inexercise ~~Canadian~~of ~~dollars~~options or restricted stock are deemed to be outstanding for the purpose of computing the percentage ownership of such person or group, but are not deemed outstanding for the purpose of calculating the percentage owned by any other person listed.

Note 1 – Nature of Operations and Going Concern

Name and Address	Number of Shares of Common Stock Beneficially Owned	Percent of Shares of Common Stock Beneficially Owned	Number of Shares of Series A Preferred Stock Beneficially Owned (1)	Percent of Shares of Series A Preferred Stock Beneficially Owned
Erik Blum, CEO 2106 Montebello Drive Boca Raton, FL 33433	15,000,000	42.1%	1,000	100%
Ed Dees, COO 840 Almas Avenue Suit C19 Santa Cruz, CA 95060	20,000,000	56.1%
All directors and officers as a group (teo individuals)	35,000,000	98.1%

~~Golden Global Corp.~~ (~~"the Company"~~1)~~, incorporated~~ inThe ~~the~~ownership ~~State~~ of ~~Nevada~~1,000 ~~USA~~shares ~~on December 10, 2009, and its wholly-owned subsidiary are engaged in the acquisition, exploration and development~~ of ~~precious~~Series ~~metal~~A ~~properties.~~gives ~~The Company’s wholly owned subsidiary is Golden Global Mining Corporation which was incorporated in the Province of Alberta, Canada on January 10, 2010~~Mr. ~~The~~Blum ~~Company~~51% isvoting an exploration stage company in the process of exploring its mineral properties in British Columbia, Canada, and has not yet determined whether these properties contain reserves that are economically recoverablecontrol.

~~Note~~Certain 2Relationships –and ~~Summary~~Related ~~of Significant Accounting Policies~~Transactions

~~Basis~~During the year ended June 30, 2015, the Company incurred an expense of ~~Presentation~~$379,878 for management and consulting expense to company’s officers.

~~The~~During ~~Company’s~~the ~~consolidated~~year ~~financial~~ended June 30, 2015, the ~~statements~~Company ~~are~~issued ~~prepared~~1,686,364 inshares ~~accordance~~of ~~with~~Common ~~United~~Stock ~~States~~for ~~generally~~$181,364 ~~accepted~~previously ~~accounting~~accrued ~~principles~~consulting ~~(”U.S.~~fee ~~GAAP”)~~payable to related parties. ~~These~~Of the ~~consolidated~~share ~~financial~~issued, ~~statements~~1,050,000 ~~include~~were issued at $0.10 per share and 636,364 were issued at $0.12 per share. At the ~~accounts~~time of ~~the~~issuance, the Company’s ~~and~~share ~~its~~was ~~wholly~~traded ~~owned~~at ~~subsidiary~~$0.02. ~~All~~As ~~intercompany~~a ~~accounts and~~result, ~~transactions~~an ~~are~~additional ~~eliminated~~$48,197 ~~upon~~was ~~consolidation~~recorded as share based compensation.

~~Functional~~During ~~Currency~~the year ended June 30, 2015, the Company issued 6,150,000 common shares in lieu of payment for consulting fee of $61,500 payable to related parties at $0.01 per common share. At the time of issuance, the Company’s shares traded at $0.03. As a result, an additional $123,000 was recorded as share based compensation.

~~The~~Amounts ~~Company’s~~due ~~functional~~to ~~currency is~~related ~~the~~parties ~~Canadian~~at ~~dollar.~~June 30, ~~All~~2015 ~~amounts~~were ~~shown~~non-interest onbearing, ~~these~~unsecured ~~statements~~and ~~are~~due ~~stated~~on ~~in Canadian dollars~~demand.

~~Development~~At ~~Stage~~June 30, 2016, the Company owes its chief executive officer $88,027 in unpaid salary.

~~The~~Director Company is a development stage company as defined in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 205-915, Development Stage Entities. The Company is still in the developmental stage, devoting substantially all of its present efforts to establishing its business. All losses accumulated since inception has been considered as part of the Company’s development stage activities.Independence

~~F-7~~During the year ended June 30, 2016, we did not have any independent directors.

~~GOLDEN~~Item ~~GLOBAL CORP~~14. ~~(An~~Principal ~~Exploration~~Accounting ~~Stage~~Fees ~~Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended June 30, 2015~~ and ~~2014 Stated in Canadian dollars~~Services.

~~Note~~The 2following –table ~~Summary~~presents fees for professional audit services rendered by the principal independent accountants for Golden Global Corp. FRUCI & ASSOCIATES II, PLLC for the audit of ~~Significant~~our annual financial statements for the years ended June 30, 2016, and for MNP LLP for the audit of our ~~Accounting~~annual ~~Policies~~financial ~~(continued)~~statements for the year ended June 30, 2015.

Cash and Cash Equivalents

	2016		2015
Audit fees	$	20,000	$	12,000
Audit related fees				16,000
Tax fees
All other fees
Total	$	20,000	$	28,000

~~The~~Our ~~Company~~board ~~considers~~of ~~all~~directors ~~highly~~pre-approves ~~liquid~~all ~~instruments~~services ~~with~~provided ~~maturity~~by ofour ~~three~~independent ~~months~~auditors. orAll ~~less~~of at the ~~time~~above ofservices ~~issuance~~and tofees bewere ~~cash~~reviewed ~~equivalents.~~and Asapproved atby ~~June~~the ~~30,~~board ~~2015,~~of ~~all cash~~directors ~~amounts~~either ~~deposited~~before inor ~~accounts~~after ~~were~~the ~~federally~~respective ~~insured~~services were rendered.

~~Fair~~Our ~~Value~~board ~~Measurements~~of directors has considered the nature and amount of fees billed by our independent auditors and believes that the provision of services for activities unrelated to the audit is compatible with maintaining our independent auditors’ independence.

~~The Company has adopted FASB ASC 820, Fair Value Measurements and Disclosures, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis~~1. ~~This~~Audit ~~accounting~~services ~~standard~~include ~~established a single definition of fair value and a framework for measuring fair~~audit ~~value,~~work ~~sets~~performed ~~out~~in ~~a fair value hierarchy to be used to classify~~ the ~~source~~preparation of ~~information~~financial ~~used~~statements, ~~in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance~~ as towell ~~whether or not an instrument is carried at fair value. The Company defines fair value~~ as ~~the~~work ~~price~~ that ~~would~~generally beonly ~~received from~~the ~~selling~~independent anauditor ~~asset~~can ~~or paid to transfer a liability in an orderly transaction between market participants at the measurement~~reasonably ~~date.~~be ~~When~~expected ~~determining the fair value measurements for assets and liabilities, which are required~~ to ~~be recorded at fair value~~provide, ~~the~~ ~~Company~~including ~~considers~~comfort ~~the~~letters ~~principal or most advantageous market in which the Company would transact~~ and ~~the~~reviews ~~market-based~~of ~~risk measurements~~our orfinancial ~~assumptions~~statements ~~that~~included ~~market participants would use~~ in ~~pricing~~our ~~the~~Quarterly ~~asset~~Reports ~~or liability, such as inherent risk, transfer~~on ~~restrictions~~Form ~~and credit risk~~10-Q.

~~The~~2. ~~Company~~Audit-Related services ~~has~~are ~~adopted~~for ~~FASB~~assurance ~~ASC~~and ~~825, Financial~~related ~~Instruments,~~services ~~which~~that ~~allows~~are ~~companies~~traditionally toperformed ~~choose~~by tothe ~~measure~~independent ~~eligible~~auditor, ~~financial~~including ~~instruments~~due diligence related to mergers and ~~certain~~acquisitions, ~~other~~employee ~~items~~benefit atplan ~~fair value~~audits, ~~that~~and ~~are~~special ~~not~~procedures required to bemeet ~~measured~~certain atregulatory ~~fair value~~requirements.

~~Financial~~3. ~~Instruments~~Tax services include all services performed by the independent auditor's tax personnel except those services specifically related to the audit of the financial statements, and includes fees in the areas of tax compliance, tax planning, and tax advice.

~~Fair~~4. ~~Value~~Other services are those associated with services not captured in the other categories. We generally do not request such services from the independent auditor.

~~The~~PART guidance for fair value measurements establishes the authoritative definition of fair value sets out a framework for measuring fair value and outlines the required disclosures regarding fair value measurements. Fair value is the price that would be received to sell 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 at the measurement date. The Company uses a three-tier fair value hierarchy based upon observable and non-observable inputs as follows:IV

~~Level~~Item 115. –Exhibits, ~~observable~~Financial ~~inputs~~Statement ~~such as quoted prices in active markets;~~Schedules.

Level 2 – inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Exhibit No.		Document

3.1		Articles of Incorporation incorporated by reference to our Registration Statement on Form S-1 filed with the SEC on October 5, 2010 under Registration Number 2-34436.

3.2		Certificate of Correction filed with the Nevada Secretary of State on February 19, 2010 (incorporated by reference to our Registration Statement on Form S-1 filed on October 5, 2010).

3.3		Bylaws (incorporated by reference to our Registration Statement on Form S-1 filed on October 5, 2010).

3.4		Amendment to our articles of incorporation, incorporated by reference to Exhibit 3.01 to our Current report dated September 16, 2016.

Level 3 – unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Exhibit No.		Document

10.1		Asset Sale and Purchase Agreement by and between Edward G. Dees, Jr. and Golden Global Corp., incorporated by reference to Exhibit 10.1 to our Current report dated March 6, 2018.

10.2		Asset Sale and Purchase Agreement by and between Edward G. Dees, Jr. and Golden Global Corp., incorporated by reference to Exhibit 10.2 to our Current report dated March 6, 2018.


14.1		Code of Ethics (incorporated by reference to our Annual Report on Form 10-K filed on October 13, 2011)

Cash and equivalents and shares to be issued are measured using level 1 inputs. The fair value of embedded derivatives are measured using level 2 inputs.


31.1		Certification by the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a)).*

31.2		Certification by the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a)).*

32.1		Certification by the Principal Executive Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*

32.2		Certification by the Principal Financial Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*

F-8

EX-101.INS		XBRL Instance Document
EX-101.SCH		XBRL Taxonomy Extension Schema
EX-101.CAL		XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF		XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB		XBRL Taxonomy Extension Label Linkbase
EX-101.PRE		XBREL Taxonomy Extension Presentation Linkbase

~~GOLDEN~~* Filed ~~GLOBAL CORP. (An Exploration Stage Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended June 30, 2015 and 2014 Stated in Canadian dollars~~herewith

~~Note 2 – Summary of Significant Accounting Policies (continued)~~SIGNATURES

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

Assets and Liabilities that are measured at Fair Value on a Recurring Basis

	GOLDEN GLOBAL CORP.

Date: September 27, 2018	By:	/s/ Erik Blum
	Name:	Erik Blum
	Title:	Chief Executive Officer, Chief Financial Officer and Chairman of the Board (Principal Executive Officer and Principal Financial Officer)

~~The~~Pursuant ~~fair~~to ~~value~~the ~~hierarchy~~requirements ~~requires~~of the Securities ~~use~~Exchange Act of ~~observable~~1934, ~~market~~this ~~data~~report ~~when~~has ~~available.~~been Insigned ~~instances~~below inby ~~which~~ the ~~inputs~~following ~~used~~persons toon ~~measure~~behalf ~~fair value fall into different levels~~ of the ~~fair~~registrant ~~value~~and ~~hierarchy,~~in the ~~fair~~capacities and ~~value measurement has been determined based~~ on the ~~lowest~~dates ~~level input that is significant to the fair value measurement in its entirety~~indicated.

The Company’s assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.

Signature	Title	Date
/s/ Erik Blum	Chief Executive Officer, Chief Financial Officer, ), Chairman of the Board, Secretary and Director (Principal Executive Officer and Principal Financial and Accounting Officer	September 27, 2018
Erik Blum

~~The~~GOLDEN ~~carrying~~GLOBAL values of cash and cash equivalents, accounts payable and accrued liabilities, due to related parties, notes payable and dividend payable, approximate fair value due to the short-term nature of these instrumentsCORP.

~~The~~CONSOLIDATED ~~Company~~FINANCIAL ~~has cash balances at well-known~~STATEMENTS financial institutions. Balances in Canadian dollars at Canadian institutions are protected by insurance up to specified amount. Amounts not at Canadian institutions and /or over those specified amounts are subject to risk.AND

~~Management~~REPORT isOF ~~of the opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.~~INDEPENDENT

~~Property~~REGISTERED ~~and~~PUBLIC ~~Equipment~~ACCOUNTING FIRM

~~Property~~AS ~~and~~OF ~~equipment~~AND isFOR stated at cost less accumulated depreciation and amortization. Depreciation is calculated using the declining balance method and at the following annual rates which is intended to amortize the cost over its useful life:THE

~~Mining~~YEARS ~~equipment~~ENDED –JUNE ~~20%~~30, 2016 AND 2015

~~Computers~~GOLDEN –GLOBAL ~~20%~~CORP.

~~Furniture~~AS ~~and~~OF ~~fixtures~~AND –FOR ~~20%~~THE YEARS ENDED JUNE 30, 2016 AND 2015

~~Improvements~~INDEX ~~and~~TO ~~betterments~~CONSOLIDATED ~~are~~FINANCIAL capitalized if they extend the useful life of the asset. Repair and maintenance costs are charged to expense as incurred. Gain (loss) related to retirement or disposition of fixed assets is recognized in the period which the gain (loss) occurs.STATEMENTS

~~Mineral Properties~~CONTENTS

Mineral property acquisition costs are initially capitalized when incurred and are amortized using the unit-of-production method over the estimated life of probable, proven reserves. If mineral rights are abandoned or estimated to be impaired, any capitalized costs will be charged to operations.

		Page

Report of Independent Registered Public Accounting Firm		F-1

Consolidated Financial Statements

Consolidated Balance Sheets		F-2

Consolidated Statements of Operations		F-3

Consolidated Statements of Stockholders’ Deficit		F-4

Consolidated Statements of Cash Flows		F-5

Notes to Consolidated Financial Statements		F-6 – F-31

~~F-9~~802 N Washington

~~GOLDEN GLOBAL CORP. (An Exploration Stage Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended June 30~~Spokane, WA ~~2015 and 2014 Stated in Canadian dollars~~99201

~~Note~~REPORT 2OF –INDEPENDENT ~~Summary~~REGISTERED ofPUBLIC ~~Significant~~ACCOUNTING ~~Accounting Policies (continued)~~FIRM

~~Exploration~~To ~~Costs~~the Board of Directors and Shareholders of Golden Global Corp.

~~Exploration~~Opinion ~~costs,~~on which include maintenance, development and exploration of mineral claims, are expensed as incurred. When it is determined that a mineral deposit can be economically developed as a result of establishing proven and probable reserves, the ~~costs~~Financial incurred after such determination will be capitalized and amortized over their useful lives. To date, the Company has not established the commercial feasibility of its exploration prospects; therefore, all exploration costs are being expensed.Statements

~~Impairment~~We have audited the accompanying consolidated balance sheet of ~~Long-lived~~Golden ~~Assets~~Global Corp. (“the Company”) as of June 30, 2016 and the related consolidated statements of operations, changes in stockholders’ deficit, and cash flows for the year 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 June 30, 2016, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

~~The~~Consideration ~~Company evaluates the recoverability~~ of the ~~net carrying value of its equipment and identifiable intangible assets with definite lives, whenever certain events or~~Company’s ~~changes~~Ability ~~in circumstances indicate that the carrying amount of these assets may not be recoverable, by comparing the carrying values~~ to ~~the~~Continue estimated future undiscounted cash flows. A deficiency in cash flows relative to the carrying amounts is an indication of the need for a write-down due to impairment. The impairment write-down would be the difference between the carrying amounts and the fair value of these assets. A loss on impairment would be recognized as a ~~charge~~Going ~~to earnings.~~Concern

~~Convertible~~The ~~Promissory~~accompanying ~~Notes~~financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has substantial recurring losses and is unable to meet its current obligations as they become due, which raises substantial doubt about its ability to continue as a going concern. Management’s plans are also discussed in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

~~Convertible~~Basis ~~promissory notes are accounted~~ for under ASC470, Debt – Debt with Conversion and Other Options. The Company records a beneficial conversion feature (“BCF”) related to the issuance of convertible instruments that have conversion features at fixed or adjustable rates that are in-the-money when issued and records the fair value of warrants issued with those instruments. The BCF for the convertible instruments is recognized and measured by allocating a portion of the proceeds to additional paid-in-capital and as a reduction to the carrying amount of the convertible instrument equal to the intrinsic value of the conversion features.Opinion

~~Revenue~~These ~~Recognition~~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 we 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. The Company ~~recognizes~~is ~~revenue~~not ~~when~~required ato have, ~~contract~~nor iswere inwe ~~place~~engaged to perform, ~~minerals~~an ~~are~~audit ~~delivered~~of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the ~~purchaser~~purpose ~~and~~of ~~collectability~~expressing isan ~~reasonably~~opinion ~~assured~~on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

~~Use~~Our audit included performing procedures to assess the risks of ~~Estimates~~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.

~~The~~Fruci ~~preparation~~& ofAssociates consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the consolidated financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimateII, ~~which is typically in the period when new information becomes available to management. Actual results could differ from those estimates.~~PLLC

~~The company estimates fair value of financial~~ ~~instruments~~We ~~resulting~~have inserved ~~financial~~as ~~assets and liabilities, by their nature, which are subject to measurement uncertainty. The Company uses~~ the ~~Black-Scholes~~auditor ~~pricing~~of ~~model to estimate~~ the ~~fair~~Company ~~value~~since ~~of derivative financial instruments, which is based on significant assumptions such as volatility, forfeiture rate, interest rate and expected term~~2017.

~~F-10~~ Spokane, WA September 27, 2018

~~GOLDEN GLOBAL CORP. (An Exploration Stage Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended June 30, 2015 and 2014 Stated in Canadian dollars~~F-1

~~Note~~GOLDEN 2GLOBAL –CORP. ~~Summary of Significant Accounting Policies (continued)~~

~~Noncash~~CONSOLIDATED ~~Transaction~~BALANCE ~~in Capital Stock~~SHEETS

~~The~~AS ~~Company~~OF ~~follows~~JUNE ~~the guidelines under FASB ASC Topic 845-10-~~30-3, ~~Non-monetary~~2016 ~~transactions,~~AND ~~when the fair value of neither the assets received nor the assets relinquished is determinable within reasonable limits.~~2015

Basic and Diluted Net Income (Loss) Per Share

	2016			2015
				(Unaudited and Restated)
ASSETS

Current assets:
Cash and cash equivalents	$	-		$	5,717
Prepaid expenses					8,017
Other current assets					2,234

Total current assets		-			15,968

Equipment and unproven mineral properties		-			85,016

Total assets	$	-		$	100,985

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current liabilities:
Convertible notes payable, net of discount of $22,472 in 2016	$	412,243		$	361,655
Accounts payable		72,832			106,580
Accounts payable and other current liabilities - related party		88,027			173,080
Other current liabilities		80,359			29,469
Notes payable		-			117,637
Derivative liabilities		872,465			873,180
Total current liabilities		1,525,926			1,661,601

Commitments and contingencies		-			-

Stockholders’ deficit:
Preferred stock, $1.00 par value; 250,000,000 shares authorized, 1,000 shares issued and outstanding		1,000			-
Common stock, $0.0001 par value; 4,500,000,000 shares authorized;1,460,088 and 24,242 shares issued and outstanding in 2016 and 2015, respectively		146			2
Capital in excess of par value		1,915,448			1,228,104
Accumulated deficit		(3,442,520	)		(2,788,722	)

Total stockholders’ deficit		(1,525,926	)		(1,560,616	)

Total liabilities and stockholders’ deficit	$	-		$	100,985

~~The~~See ~~Company~~accompanying ~~computes~~notes net loss per share in accordance with FASB ASC Topic 260, Earnings Per Share. This topic requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic loss per share is computed by dividing net loss available to ~~common shareholders by the weighted average number of common shares outstanding during the year. Diluted EPS gives effect to~~consolidated ~~all~~financial ~~dilutive potential common shares outstanding during the year including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method~~statements. In computing diluted EPS, the average stock price for the year is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti dilutive.

~~Income Taxes~~ F-2

~~The~~GOLDEN ~~Company~~GLOBAL ~~follows FASB ASC Topic 820, “Income Taxes” which requires the use of the asset and liability method of accounting for income taxes~~CORP. ~~Under this~~ method, deferred tax assets and liabilities are recognized for future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry forwards and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled. The tax consequences of most events recognized in the current year’s financial statements are included in determining income taxes currently payable. However, because tax laws and financial accounting standards differ in their recognition and measurement of assets, liabilities, equity, revenues, expenses, gains and losses, differences arise between the amount of taxable income and pre-tax financial income for a year and between the tax bases of assets or liabilities and their reported amounts in the financial statements.

~~Because~~CONSOLIDATED ~~the~~STATEMENTS ~~Company~~OF ~~assumes that the reported~~OPERATIONS amounts of assets and liabilities will be recovered and settled, respectively, a difference between the tax basis of an asset or a liability and its reported amount in the balance sheet will result in a taxable or a deductible amount in some future years when the related liabilities are settled or the reported amounts of the assets are recovered, which gives rise to a deferred tax asset. The Company must then assess the likelihood that the deferred tax assets will be recovered from future taxable income and to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance.

~~F-11~~FOR THE YEARS ENDED JUNE 30, 2016 AND 2015

GOLDEN GLOBAL CORP. (An Exploration Stage Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended June 30, 2015 and 2014 Stated in Canadian dollars

	2016			2015
				(Unaudited and Restated)
Revenues	$-			$-

Cost and expenses:
Stock-based compensation		105,047			159,928
Selling, general and administrative		136,922			382,141
Depreciation		—			17,680

Total costs and expenses		241,969			559,749

Loss from operations		(241,969	)		(559,749	)

Other income (expense):
Interest expense		(992,949	)		(7,481	)
Foreign exchange loss		—			(425,875	)
Gain on sale of subsidiary		446,183			—
Gain (loss) on change in value of derivative liabilities		113,445			(23,460	)

Total other income (expense)		(433,321	)		(456,816	)
Net loss from continuing operations		(675,290	)		(1,016,565	)
Discontinued operations gain (loss)		21,492			(82,313	)
Net loss and comprehensive loss		(653,798	)		(1,098,878	)
Preferred shares dividend					(5,700	)
Net loss attributed to common stockholders	$	(653,798	)	$	(1,104,578	)

Basic and diluted loss per share
Continuing operations	$	(0.80	)	$	(133.26	)
Discontinued operations	$	0.02		$	(10.73	)
Net loss	$	(0.78	)	$	(143.99	)

Weighted average number of shares outstanding:
Basic		841,798			7,671
Diluted		841,798			7,671

~~Note~~See 2accompanying –notes ~~Summary~~to ~~of Significant~~consolidated ~~Accounting~~financial ~~Policies (continued)~~statements.

~~Income Taxes (continued)~~F-3

~~The~~GOLDEN ~~Company~~GLOBAL has adopted FASB guidance on accounting for uncertainty in income taxes which provides a financial statement recognition threshold and measurement attribute for a tax position taken or expected to be taken in a tax returnCORP. Under this guidance, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance also extends to de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and income tax disclosures.

~~Preferred~~CONSOLIDATED ~~Shares~~STATEMENTS OF STOCKHOLDERS’ DEFICIT

~~Golden~~FOR ~~Global~~THE ~~Mining~~YEARS ~~Corporation,~~ENDED ~~the Company’s~~JUNE ~~wholly owned subsidiary~~30, ~~issued preferred shares which have been classified as equity in the consolidated financial~~2016 ~~statements.~~AND In these consolidated financial statements, the financial instruments have been classified as non-controlling interests and dividends paid on behalf of the preferred shares have been recorded as a charge against income.2015

Recent Accounting Pronouncements


					Preferred		Preferred		Capital						Total
	Common Stock				Stock		Stock		in Excess			Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		of Par Value			Deficit			Deficit
Balance, June 30, 2014 (Unaudited and restated)		800	$	—			$	—	$	1,231,884		$	(1,684,144	)	$	(452,260	)
Net loss													(1,098,878	)		(1,098,878	)
Dividend													(5,700	)		(5,700	)
Common stock issued for services		11,381		1						(5,953	)					(5,953	)
Issuance of common stock for debt conversions		12,070		1												2,172
Balance, June 30, 2015 (Unaudited and restated)		24,252		2						1,228,104			(2,788,722	)		(1,560,616	)
Net loss													(653,798	)		(653,798	)
Common stock issued for services		305.556		31						105,016						105,047
Sale of common stock		50,000		5						8,995						9,000
Issuance of preferred stock		—		—		1,000		1,000								1,000
Issuance of common stock for debt conversions		1,,080,281		108						573,333						573,441
Balance, June 30, 2016		1,460,088	$	146		1,000	$	1,000	$	1,915,448		$	(3,442,520	)	$	(1,525,926	)

~~The~~ See ~~Company~~accompanying ~~adopts~~notes ~~new pronouncements relating~~ to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

~~In July 2013, the FASB issued ASU No.~~ ~~2013~~ F-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 provides guidance for the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. ASU 2013-11 is effective for interim and annual reporting periods beginning after December 15, 2013, with early adoption permitted. The Company has determined that the adoption of this guidance has no material impact to its consolidated financial statements.4

InGOLDEN ~~August~~GLOBAL ~~2014, the FASB issued amended standards No~~CORP. 2014-15, Presentation of Financial Statements - Going Concern (''ASU 2014-15"), to provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures requirement. The amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation for each annual and interim reporting period, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). ASU 2014-15 is effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is permitted. The Company does not expect the adoption of this guidance will have a material impact on its consolidated financial position.

~~F-12~~CONSOLIDATED STATEMENTS OF CASH FLOWS

~~GOLDEN~~FOR ~~GLOBAL CORP. (An Exploration Stage Company) NOTES TO~~ THE ~~CONSOLIDATED~~YEARS ~~FINANCIAL~~ENDED ~~STATEMENTS~~JUNE ~~For the years ended June~~ 30, ~~2015~~2016 AND ~~and 2014 Stated in Canadian dollars~~2015

Note 2 – Summary of Significant Accounting Policies (continued)

	Year			Year
	Ended			Ended
	June 30, 2016			June 30, 2015
				(Unaudited and Restated)
Cash flows from operating activities
Net loss – continuing operations	$	(675,290	)	$	(1,016,565	)
Net income (loss) – discontinued operations		21,492			(82,313	)
Adjustments to reconcile net income to net cash used in operating activities:
Stock-based compensation		105,047			159,928
Amortization of debt discount		975,389			—
Share-based payments to consultants		—			256,348
Gain on sale of subsidiary		(446,183	)		—
Foreign exchange loss		—			425,875
Change in fair value of derivative liabilities		(113,445	)		23,460
Changes in operating assets and liabilities:
Accounts payable		(151,955	)		48,351
Accounts payable - related party		88,057			(12,868	)
Other current liabilities		75,549			59,797
Net cash used in operating activities		(121,369	)		(134,025	)

Cash flows from investing activities
Sale of subsidiary		(1,348	)		—
Purchase of equipment		—			33
Net cash used in investing activities		(1,348	)

Cash flows from financing activities
Proceeds from issuance of common stock		9,000			—
Proceeds from issuance of preferred stock		1,000			—
Proceeds from sale of notes		107,000			105,231
Net cash provided by financing activities		117,000			105,231

Net decrease in cash		(5,717	)		(28,761	)

Cash at beginning of the year		5,717			34,478

Cash at end of the year	$	—		$	5,717

Supplemental disclosure of cash flow information:
Cash paid during the period for:
Income taxes	$	—		$	—
Interest	$	—		$	—
Non-cash financing transactions:
Fair value of derivative liabilities	$	946,328		$	—
Conversion of liabilities into stock	$	573,333		$	—

InSee ~~February~~accompanying ~~2015,~~notes ~~the FASB issued ASU No. 2015-2, “Consolidation (Topic 820): Amendments~~ to the Consolidation Analysis.” ASU 2015-2 provides a revised consolidation model for all reporting entities to use in evaluating whether they should consolidate certain legal entities. All legal entities will be subject to reevaluation under this revised consolidation model. The revised consolidation model, among other things, (i) modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, (ii) eliminates the presumption that a general partner should consolidate a limited partnership, and (iii) modifies the consolidation analysis of reporting entities that are involved with VIEs through fee arrangements and related party relationships. ASU 2015-2 is effective for fiscal years, and interim reporting periods within those fiscal years, beginning after December 15, 2015. The Company does not expect the adoption of this guidance will have a material impact on its consolidated financial ~~position, results of operations or cash flows~~statements.

~~In April 2015, the FASB issued ASU No. 2015~~F-03, Interest -Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts and the accounting for debt issue costs under IFRS. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. ASU 2015-03 is effective for the annual period ending after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for financial statements that have not been previously issued. The Company does not expect the adoption of this guidance will have a material impact on its consolidated financial position, results of operations or cash flows.5

InGOLDEN ~~July~~GLOBAL ~~2015, the FASB issued No~~CORP. 2015-11, Inventory - Simplifying the Measurement of Inventory ("ASU 2015-11"). ASU 2015-11 is additional guidance regarding the subsequent measurement of inventory by requiring inventory to be measured at the lower of cost and net realizable value. This guidance is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company does not expect the adoption of this guidance will have a material impact on its consolidated financial position, results of operations or cash flows.

InNOTES ~~November~~TO ~~2015,~~CONSOLIDATED ~~the~~FINANCIAL FASB issued ASU No 2015-17 to simplify the presentation of deferred income taxes by requiring that deferred tax assets and liabilities be classified as non-current on the consolidated balance sheet. The new guidance is effective for the annual period ending after December 15, 2016, and interim periods thereafter, with early adoption permitted The Company does not expect the adoption of this guidance will have a material impact on its consolidated financial position. STATEMENTS

~~F-13~~AS OF AND FOR THE YEARS ENDED JUNE 30, 2016 AND 2015

~~GOLDEN GLOBAL CORP.~~ (AnYEAR ~~Exploration~~ENDED ~~Stage~~JUNE ~~Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended June~~ 30, 2015 ~~and~~IS ~~2014 Stated in Canadian dollars~~UNAUDITED)

~~Note~~1. 3Description –of ~~Property~~Business and Summary ~~Equipment~~of Accounting Principles

AsDescription atof ~~June 30, 2015~~Business

	Cost		Accumulated Depreciation		Net Book Value
Furniture and fixtures	$	2,345	$	1,991	$	354
Mining equipment		258,938		173,600		85,338
Computers		1,464		1,123		341
	$	262,747	$	176,714	$	86,033

Golden Global Corp. ("the Company"), incorporated in the State of Nevada, USA on December 10, 2009, and its former subsidiary were engaged in the acquisition, exploration and development of precious metal properties. The Company’s subsidiary was Golden Global Mining Corporation which was incorporated in the Province of Alberta, Canada on January 10, 2010. As of June 30, 2015, the Company was an exploration stage company in the process of exploring its mineral properties in British Columbia, Canada. After a secured lender foreclosed on of the assets of Golden Global Mining Corporation in fiscal 2016, the Company sold the subsidiary and changed its focus to the cannabis industry. Cannabis-related revenues began in fiscal 2017, when the Company began delivering medical marijuana to patients who possessed a valid doctor’s prescription.

AsThe atfinancial statements are presented in United States dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s fiscal year end is June 30~~, 2014~~.

	Cost		Accumulated Depreciation		Net Book Value
Furniture and fixtures	$	2,345	$	1,522	$	823
Mining equipment		258,938		133,006		125,932
Computers		1,063		957		106
	$	262,346	$	135,485	$	126,861

Principles of Consolidation

~~Note~~The 4consolidated –financial ~~Mineral~~statements include ~~Properties~~the accounts of the Company and its subsidiary (at June 30, 2015) after elimination of significant intercompany balances and transactions.

~~During~~Use ~~the~~of ~~year ended June 30, 2015, the Company did not make any payment in relations to mineral claims (2014 - $nil).~~Estimates

~~Note~~In 5preparing –financial ~~Due~~statements in conformity with generally accepted accounting principles, management is required to ~~Related~~make ~~Parties~~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 period. The most significant estimates relate to the allowance for doubtful accounts receivable, income tax valuation allowance, and the derivative liabilities. On a continual basis, management reviews its estimates, utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such reviews, and if deemed appropriate, those estimates are adjusted accordingly. Actual results could differ from those estimates.

~~During~~Cash ~~the year ended June 30, 2015, the Company incurred an expense of $379,878 (2014 -$198,533) for management~~ and ~~consulting~~Cash ~~expense to company’s officers.~~Equivalents

AtThe ~~June~~Company ~~30,~~considers ~~2014~~all ~~included~~highly ~~in due to related~~liquid ~~parties~~investments ~~was~~purchased ~~US$154,000~~with ~~(C$164,366)~~original ~~that~~maturities ~~related~~of tothree ~~consulting~~months ~~services~~or ~~provided~~less to ~~the~~be ~~Company~~cash equivalents. ~~Subsequent~~The ~~to year end the~~ Company ~~paid~~ ~~this~~did ~~related~~not ~~party~~have ~~payable~~any ~~through~~cash equivalents ~~the~~during ~~issuance~~2016 ofand ~~110,000,000 common shares~~2015.

~~During~~Property the year ended June 30, 2015, the Company issued 1,686,364 common shares for US$181,364 (C$195,331) previously accrued consulting fee payable to related parties. Of the share issued, 1,050,000 were issued at US$0.10 (C$0.11) per common share and 636,364 were issued at US$0.12 (C$0.13) per common share. At the time of issuance, the Company’s share was traded at US$0.02. As a result, an additional US$48,197 (C$51,977) has been recorded as share based compensation.Equipment

FProperty and equipment are recorded at cost. Expenditures for major additions and improvements are capitalized and minor replacements, maintenance, and repairs are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the estimated useful lives of the related assets using the straight-14line method for financial statement purposes. The Company uses other depreciation methods (generally accelerated) for tax purposes where appropriate. The estimated useful lives for significant property and equipment categories are as follows:

GOLDEN GLOBAL CORP. (An Exploration Stage Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended June 30, 2015 and 2014 Stated in Canadian dollars

Office equipment and furniture	3 to 7 years
Mining equipment	3 to 5 years

~~Note~~All 5of –the ~~Due~~property toand ~~Related~~equipment ~~Parties~~was foreclosed on or sold ~~(continued)~~during fiscal year 2016.

~~During~~Revenue the year ended June 30, 2015, the Company issued 6,150,000 common shares in lieu of payment for consulting fee of US$61,500 (C$70,553) payable to related parties at US$0.010 (C$0.011) per common share. At the time of issuance, the Company’s share was traded at US$0.03. As a result, an additional US$123,000 (C$141,290) has been recorded as share based compensation.Recognition

~~Amounts~~The ~~due~~Company torecognizes ~~related~~revenue ~~parties~~only when ~~are~~all ~~non-interest bearing,~~of ~~unsecured~~the ~~and~~following ~~due~~criteria onhave ~~demand.~~been met:

~~Note~~Persuasive 6evidence ~~–Note~~of ~~payable~~an arrangement exists;
OnServices ~~September~~have 6, 2013, the Company entered into a loan agreement for a $30,000 loan using all equipment as collateral. The loan bears interest at an annual rate of 30% and had an original maturity date of February 9, 2014. The principal of the loan can be paid off at anytime during the period of the loan at the election of the Company with interest in full for the 5 month term of the loan. In the event the loan is not paid by the maturity date, the collateral assets will become the property for the loaner and no interest is due. Upon further negotiations, the maturity date of the loan was extended to April 30, 2014. This loan has been ~~settled and the accrued interest of $3,750 has been included as part of the new loan agreement entered into on April 28, 2014.~~rendered;
OnThe ~~April~~fee ~~28, 2014, the Company entered into a loan agreement~~ for ~~$150,000 with $100,000 to be used towards~~ the ~~purchase~~arrangement ofis ~~equipment and the balance towards operations.~~fixed ~~The~~or ~~loan~~determinable; ~~bears interest at an annual rate of 12%~~ and ~~matures on November 30, 2014.~~
~~The~~Collectibility ~~terms~~is ofreasonably ~~repayments are as follows:~~assured.

a)The ~~10%~~Company ofdid ~~the~~not ~~gold~~begin ~~recovered from the operation up~~ to arecognize revenue ~~value~~until offiscal ~~$1,500~~year ~~per month will be applied towards interest and the remaining towards the principal~~2017.

b)Share-based The Company issued 3,000,000 restricted common shares on May 1, 2014 to the lender which becomes eligible to become free trading on or before November 1, 2014. If the shares at the time of becoming free from trading are not $0.06 or greater, then the following repayment process will be followed:Payments

·The Company ~~Proceeds~~accounts ~~from~~for ~~mining~~equity ~~operations~~instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value on the issuance date.

·Equity instruments Ifgranted ~~the~~to ~~proceeds~~non-employees ~~from~~are ~~the~~accounted ~~mining~~for ~~operations~~in ~~are~~accordance with ~~not~~ASC ~~sufficient~~505, ~~then~~Equity. ~~repayment~~The ~~will~~final ~~come~~measurement ~~from~~date for the ~~proceeds~~fair ~~from~~value of equity instruments with performance criteria is the ~~issuance~~date that ofeach ~~free~~performance ~~trading~~commitment ~~shares~~for tosuch ~~raise~~equity ~~capital~~instrument is satisfied or there is a significant disincentive for non-performance.

·Income ~~Proceeds from additional financing.~~Taxes

c)The IfCompany accounts for income taxes under the ~~above~~asset ~~repayment~~and ~~process~~liability ~~cannot~~method. Deferred betax ~~followed~~assets ~~all~~and ~~property~~liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and ~~equipment~~liabilities ~~(Note~~and 3)their respective tax bases and ~~mineral~~operating ~~rights~~loss ~~(Note~~and 4)tax ~~will~~credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be ~~used~~recovered or settled. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. A valuation allowance has been established to ~~fulfill~~eliminate the ~~repayment~~Company’s ~~obligation~~deferred tax assets as it is more likely than not that any of the deferred tax assets will be realized.

~~Subsequent~~The toCompany recognizes the ~~year~~tax ~~ended~~benefit from ~~June~~an ~~30,~~uncertain ~~2015, due~~tax toposition only if it is more likely than not that the ~~Company’s~~tax ~~inability~~position towill ~~repay~~be sustained on examination by the taxing ~~loan~~authorities, ~~the~~based ~~collateral~~on ~~has~~the ~~been~~technical ~~foreclosed~~merits byof the ~~lender~~position. The ~~and~~tax benefits recognized in the ~~assets~~financial statements from such a position are nomeasured based on the largest benefit that has a greater than fifty percent likelihood of being realized ~~longer~~upon ~~owned~~settlement bywith the tax authorities. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company ~~(Note~~records ~~11)~~interest related to unrecognized tax benefits in interest expense and penalties in income tax expense. The Company has determined that it had no significant uncertain tax positions requiring recognition or disclosure.

FImpairment of Long-15lived Assets

~~GOLDEN~~The ~~GLOBAL~~Company ~~CORP.~~evaluates ~~(An~~the ~~Exploration~~recoverability of ~~Stage~~the ~~Company)~~net ~~NOTES~~carrying TOvalue ~~THE~~of ~~CONSOLIDATED~~its ~~FINANCIAL~~equipment ~~STATEMENTS~~and ~~For~~identifiable intangible assets with definite lives, whenever certain events or changes in circumstances indicate that the ~~years~~carrying ~~ended~~amount ~~June~~of 30these assets may not be recoverable, ~~2015~~by ~~and~~comparing ~~2014~~the ~~Stated~~carrying values to the estimated future undiscounted cash flows. A deficiency in ~~Canadian~~cash ~~dollars~~flows relative to the carrying amounts is an indication of the need for a write-down due to impairment. The impairment write-down would be the difference between the carrying amounts and the fair value of these assets. A loss on impairment would be recognized as a charge to earnings.

~~Note~~Foreign 7Currency –Translation ~~Convertible~~and ~~Promissory Notes~~Discontinued Operations

OnAssets ~~May~~and 2,liabilities ~~2012,~~of the Company ~~entered into~~’s aforeign ~~securities~~subsidiary ~~purchase~~are ~~agreement~~translated toat ~~issue~~year-end anexchange ~~unsecured~~rates, ~~convertible~~and ~~promissory~~income ~~note~~and ~~with~~expenses aare ~~principal~~translated ~~amount~~at ofaverage ~~US$42,500~~exchange ~~(C$42,037).~~rates ~~This~~prevailing ~~promissory~~during ~~note~~the ~~bears~~year ~~interest~~with atthe anresulting ~~annual~~adjustments ~~rate~~accumulated ~~of 8% which is to be paid with principal~~ in ~~full~~stockholders’ onequity ~~the~~and ~~maturity~~comprehensive ~~date of February 4, 2013~~income. The foreign ~~principal~~subsidiary ~~amount~~was ofsold ~~this~~during ~~promissory~~fiscal ~~note~~year ~~together with interest may be converted into shares of common stock~~2016, ~~par~~ ~~value~~and ofall ~~$0.0001~~income atstatement ~~the~~classifications ~~option~~for of the ~~lender~~former atsubsidiary aare ~~conversion price equal to fifty five percent at the market price during~~included ~~the~~in 10discontinued ~~trading days prior to the conversion~~operations. AsA ~~the~~gain ~~maturity~~on ~~date~~disposal ~~for~~was ~~the~~recorded ~~note~~due ~~has passed, a penalty of US$21,250 (C$21,830) has been added~~ to the ~~principal~~negative ~~balance~~equity of the ~~note. As at June 30~~subsidiary, ~~2015,~~which ~~conversions~~was ~~totaling~~sold ~~US$11,850~~for (C$~~12,813) (2014 -US$46,655 (C$48,169)) have been recorded and 271,717 (2014 – 481,355) shares of the Company’s common stock have been issued as a result of the conversion~~100.

~~On November 2, 2012, the Company entered~~ Recent ~~into~~Accounting a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$9,250 (C$9,217). This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of August 6, 2013. The principal amount of the Note together with interest may be converted into shares of common stock, par value of $0.0001 at the option of the lender at a conversion price equal to forty percent at the market price during the 10 trading days prior to the conversion. As the maturity date for the note has passed, a penalty of US$4,625 (C$4,751) has been added to the principal balance of the note. As of June 30, 2015, conversions totaling US$13,875 (C$15,164) have been recorded and 475,330 shares of the Company’s common stock have been issued as a result of the conversion.Pronouncements

OnIn ~~October~~May 252014, ~~2013,~~ the ~~Company~~FASB ~~entered into~~issued aASU ~~securities~~2014-09, ~~purchase~~"Revenue from ~~agreement~~Contracts ~~to issue an unsecured convertible promissory note~~ with aCustomers" ~~principal amount of US$16,000~~ (~~C$16,720~~Topic 606). This ~~promissory~~ASU ~~note~~supersedes ~~bears~~the ~~interest~~previous atrevenue anrecognition ~~annual~~requirements ~~rate~~in ofASC 8%Topic 605—Revenue ~~which~~Recognition isand tomost beindustry-specific ~~paid~~guidance ~~with~~throughout ~~principal in full on~~ the ~~maturity date of July 29, 2014~~ASC. The ~~principal~~core ~~amount~~principle ofwithin ~~the~~this ~~Note~~ASU ~~together~~is ~~with interest may be converted into shares of common stock, par value~~to ofrecognize ~~$0.0001~~revenues atwhen ~~the~~promised ~~option~~goods ofor ~~the~~services ~~lender~~are attransferred ~~a conversion price equal~~ to ~~thirty~~customers ~~percent~~in atan ~~the~~amount ~~average~~that ~~market~~reflects ~~price during~~ the ~~10 trading~~consideration ~~days prior to the conversion. As the note was not repaid on July 29, 2014 a penalty of US$8,000 (C$8,613) has been added~~expected to ~~the~~be ~~principal~~received ~~balance~~for ofthose ~~the~~goods ~~note.~~or ~~As of June 30, 2015, conversions totaling US$24,000 (C$26,425) have been recorded and 2,744,753 shares of the Company’s common stock have been issued as a result of the conversion~~services.

OnIn ~~February~~August 62015, ~~2014,~~ the ~~Company~~FASB ~~entered~~issued ASU ~~into~~2015-14, a"Revenue ~~securities~~from ~~purchase~~Contracts ~~agreement~~with toCustomers", ~~issue~~which andeferred ~~unsecured~~the ~~convertible~~effective ~~promissory~~date ~~note~~for ~~with~~ASU a2014-09 ~~principal~~by ~~amount~~one ofyear ~~US$16,500~~to ~~(C$18,259).~~fiscal ~~This~~years ~~promissory~~beginning ~~note~~after ~~bears~~December ~~interest~~15, at2017, anwhile ~~annual~~providing ~~rate~~the ofoption ~~8% which is~~ to beearly ~~paid~~adopt ~~with~~for ~~principal~~fiscal inyears ~~full~~beginning onafter ~~the~~December ~~maturity date of November 10~~15, ~~2014~~ 2016. ~~The~~Transition ~~principal~~methods ~~amount~~under ofASU ~~the~~2014-09 ~~Note~~must ~~together~~be ~~with~~through ~~interest~~either ~~may~~(i) beretrospective ~~converted~~application ~~into~~to ~~shares~~each ofprior ~~common~~reporting ~~stock~~period presented, ~~par~~or ~~value of~~(ii) ~~$0.0001~~retrospective atapplication ~~the~~with ~~option of the lender at~~ a ~~conversion~~cumulative ~~price~~effect ~~equal~~adjustment ~~to thirty five percent~~ at the ~~market~~date ~~price, calculated as the average~~ of ~~the~~initial ~~lowest~~application. ~~three~~We ~~trading~~are ~~prices~~continuing to ~~during~~evaluate the 10impact ~~trading~~of ~~days~~this ~~prior~~new tostandard ~~the~~on ~~conversion.~~our Asfinancial ~~the~~reporting ~~note~~and ~~was~~disclosures, ~~not~~including ~~repaid~~but onnot ~~November 10,~~limited ~~2014,~~to a ~~penalty~~review of accounting ~~US$5~~policies,~~473~~ ~~(C$6,209)~~internal ~~has~~controls ~~been~~and ~~added~~processes. We expect to ~~the~~complete ~~principal~~our ~~balance~~evaluation ofin the ~~note.~~second Ashalf of ~~June~~2017 ~~30,~~and ~~2015, conversions~~intend ~~totaling~~to ~~US$14,325~~adopt ~~(C$16,991)~~the ~~have~~new ~~been~~standard ~~recorded~~effective ~~and~~January 71,~~846,516~~ ~~shares of the Company’s common stock have been issued as a result of the conversion~~2018.

FIn June 2014, the FASB issued Accounting Standards Update No. 2014-1612, “Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments when the terms of an award provide that a performance target could be achieved after the requisite service period,” (“ASU 2014-12”). Current U.S. GAAP does not contain explicit guidance on whether to treat a performance target that could be achieved after the requisite service period as a performance condition that affects vesting or as a nonvesting condition that affects the grant-date fair value of an award. The new guidance requires that a performance target that affects vesting and that could be achieved after the requisite service period is treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. The updated guidance will be effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. The adoption of this ASU did not have any impact on the Company's consolidated financial position, liquidity, or results of operations.

~~GOLDEN~~In ~~GLOBAL~~February ~~CORP.~~2016, ~~(An~~the ~~Exploration~~FASB ~~Stage~~issued ~~Company)~~ASU ~~NOTES~~2016-02, “Leases” TO(Topic ~~THE~~842). ~~CONSOLIDATED~~This ~~FINANCIAL~~ASU ~~STATEMENTS~~requires ~~For~~a ~~the~~lessee ~~years~~to ~~ended~~recognize ~~June~~a ~~30,~~right-of-use ~~2015~~asset and ~~2014~~a ~~Stated~~lease liability under most operating leases in ~~Canadian~~its ~~dollars~~balance sheet. The ASU is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We are continuing to evaluate the impact of this new standard on our financial reporting and disclosures.

~~Note~~In 7August –2016, ~~Convertible~~the ~~Promissory~~FASB issued ASU 2016-15, ~~Notes~~"Statement of Cash Flows" (~~continued~~Topic 230). This ASU is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. This ASU is effective for financial statements issued for fiscal years beginning after December 15, 2017. We do not believe the adoption of ASU 2016-15 will have a material impact on our financial position, results of operations or cash flows.

OnIn ~~April~~November 72015, ~~2014,~~ the ~~Company~~Financial ~~entered~~Accounting ~~into~~Standards aBoard ~~securities~~(“FASB”) ~~purchase~~issued ~~agreement~~Accounting toStandards ~~issue~~Update an(“ASU”) ~~unsecured~~No.2015-17, ~~convertible~~“Balance ~~promissory~~Sheet ~~note with a principal amount~~ Classification of ~~US$32,500~~Deferred ~~(C$35,656)~~Taxes”. ~~This~~ ~~promissory~~The ~~note~~new ~~bears~~guidance ~~interest~~eliminates atthe anrequirement ~~annual rate of 8% which is~~ to beseparate ~~paid~~deferred ~~with~~income ~~principal~~tax inliabilities ~~full~~ and ~~interest~~assets ~~on the maturity~~into ~~date~~current ofand ~~January~~noncurrent ~~9, 2015~~amounts. The ~~principal~~amendments ~~amount~~will ofrequire ~~the~~that ~~note~~deferred ~~together~~tax ~~with~~liabilities and ~~interest~~assets ~~may~~ be ~~converted~~classified ~~into~~as ~~shares~~noncurrent ofin ~~common~~a ~~stock, at~~classified ~~the~~statement ~~par value~~ of $0financial position.~~0001~~ atThe ~~the~~updated ~~option~~guidance ofis ~~the~~effective ~~lender~~for atfiscal years abeginning ~~conversion~~after ~~price~~December ~~equal~~15, ~~to forty one percent at the market price~~2016, ~~which~~ isincluding ~~the~~interim ~~average~~periods ofwithin ~~the~~those ~~lowest~~annual ~~three trading prices during the 10 days prior to the conversion~~periods. The ~~note~~Company ~~has~~is ~~matured~~in ~~unpaid. As a result, a penalty of US$16,250 (C$19,268) has been added to~~ the ~~principal~~process ~~balance~~ of evaluating ~~the~~this ~~note~~guidance.

OnManagement ~~April~~does 9,not ~~2014,~~believe ~~the~~that ~~Company entered~~any ~~into~~other arecently ~~securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of US$42~~issued,~~000~~ ~~(C$45,793). This~~but ~~promissory~~not ~~note~~yet ~~bears interest at an annual rate of 8% which is to be paid with principal in full on the maturity date of April 9~~effective, ~~2015.~~accounting ~~The~~standards ~~principal~~could ~~amount~~have ~~of the note together with interest may be converted into shares of common stock, at the par value of $0.00001 at the option of the lender at~~ a ~~conversion~~material ~~price~~effect ~~equal to fifty percent of the lowest closing price bid during the 18 days prior to the conversion. As the note was not repaid~~ on ~~April 9, 2015, a penalty of US$4,240 (C$5,334) has been added to~~ the ~~principal~~accompanying ~~balance~~financial ~~of the note~~statements. As ofnew ~~June~~accounting ~~30,~~pronouncements ~~2015,~~are ~~conversions totaling US$8~~issued,~~810~~ ~~(C$10,415)~~we ~~have~~will ~~been~~adopt ~~recorded~~those ~~and~~that ~~4,526,897 shares~~are ofapplicable ~~the~~under ~~Company’s common stock have been issued as a result of~~ the ~~conversion~~circumstances.

OnDiscontinued May 27, 2014, the Company entered into a securities purchase agreement to issue two unsecured convertible promissory notes with a principal amount of US$25,000 (C$27,173) each. These promissory notes bear interest at an annual rate of 8% which is to be paid with principal and interest on the maturity date of May 27, 2015. The principal amount of the note together with interest may be converted into shares of common stock, at the par value of $0.00001 at the option of the lender at a conversion price equal to fifty percent of the lowest closing price bid during the 18 days prior to the conversion. As of June 30, 2015, conversions totaling US$3,175 (C$3,876) have been recorded and 3,461,538 shares of the Company’s common stock have been issued as a result of the conversion.Operations

On ~~August~~October 17, ~~2014~~2015, ~~the~~title ~~Company~~to ~~entered~~the ~~into~~Company’s aformer ~~securities~~subsidiary’s ~~purchase~~placer ~~agreement~~gold toclaims ~~issue~~for anproperty ~~unsecured~~located ~~convertible~~in ~~promissory~~north ~~note~~central ~~with~~British Columbia, were transferred to a ~~principal~~third ~~amount~~party of(the US“Lender”) who had loaned the subsidiary $~~147~~185,~~500~~000 (~~C$161,055~~the “Loan”). ~~This~~These ~~promissory~~claims, ~~note~~and ~~represents~~all ~~consulting~~equipment, ~~fees~~machinery, ~~paid~~vehicles ~~for~~and ~~investor~~ancillary ~~relation~~buildings ~~services up~~ to ~~July~~process ~~31,~~the ~~2014~~claims ~~and~~were ~~has~~used ~~been~~as ~~recorded~~collateral asfor ~~consulting~~the ~~expense~~Loan. The ~~This~~collateral ~~promissory~~was ~~note~~foreclosed ~~bears~~on ~~interest~~by atthe anLender ~~annual~~and ~~rate~~the ofassets 8%are ~~which~~no islonger toowned beby ~~paid~~the ~~with~~Company. ~~principal~~Due ~~in full~~to ~~and interest on~~ the ~~maturity~~foreclosure ~~date~~in ofOctober ~~August 1~~2015, ~~2015.~~and ~~The~~the ~~principal~~Company's ~~amount~~discontinuance of the ~~note~~mining ~~together~~operations, ~~with~~the ~~interest~~mining ~~may~~business beis ~~converted~~presented ~~into~~as ~~shares~~a ofdiscontinued ~~common~~operations ~~stock~~in at the ~~lower~~financial ofstatements ~~(i)~~for ~~fifty~~the ~~percent~~years ofended ~~the~~June ~~lowest~~30, ~~market~~2016 ~~price~~and ~~during~~2015. The carrying value of the 20assets ~~days~~that ~~prior~~were toforeclosed ~~the~~on ~~conversion or~~was ~~(ii)~~less ~~US$0.00005~~than ~~per~~the ~~share~~amount ifowed to the ~~stock~~Lender, ~~trades~~and ~~below~~consequently, ~~US$0.001.~~the AsCompany ofrecorded ~~June~~income ~~30,~~from ~~2015,~~discontinued ~~conversions~~operations ~~totaling~~of US$321,~~175~~492 ~~(C$3,876) have~~in ~~been~~the ~~recorded~~year ~~and~~ended 2June 30,~~334,375~~ ~~shares~~2016. ofIn the ~~Company’s~~year ~~common~~ended ~~stock~~June ~~have~~30, ~~been~~2015, ~~issued as~~ a ~~result~~loss of $82,313 ~~the~~was ~~conversion~~recorded for discontinued operations.

OnInterest ~~November~~expense ~~18,~~related ~~2014,~~to the ~~Company~~advances ~~entered into~~from athe ~~securities~~Lender, amounting ~~purchase agreement~~ to ~~issue an unsecured convertible promissory note with a principal amount of US~~$184,~~000~~798 (Cand $2017,~~362). This~~720 ~~promissory note bears interest at an annual rate of 8% which is to be paid with principal~~ in ~~full~~fiscal on2016 ~~the~~and ~~maturity date of November 18~~2015, ~~2015. The principal amount of the note together with interest may be converted into shares of common stock~~respectively, atare ~~the par~~included ~~value~~as ofa ~~$0.001~~component ~~at the option~~ of ~~the~~discontinued ~~lender~~operations.

~~F-17~~2. Going Concern Matters and Realization of Assets

~~GOLDEN~~The ~~GLOBAL~~accompanying ~~CORP.~~financial ~~(An~~statements have ~~Exploration~~been ~~Stage~~prepared ~~Company)~~on ~~NOTES~~a TOgoing ~~THE~~concern ~~CONSOLIDATED~~basis, ~~FINANCIAL~~which ~~STATEMENTS~~contemplates ~~For~~the realization of assets and the ~~years~~satisfaction ~~ended~~of liabilities in the ordinary course of business. However, the Company has sustained recurring substantial losses from its continuing operations and as of June 30, ~~2015~~2016 has negative working capital and ~~2014~~a ~~Stated~~stockholder’s indeficit ~~Canadian~~of ~~dollars~~$1,525,926. In addition, the Company is unable to meet its obligations as they become due and sustain its operations. The Company believes that its existing cash resources are not sufficient to fund its continuing operating losses, capital expenditures, lease and debt payments and working capital requirements.

~~Note~~The 7Company –may ~~Convertible~~not ~~Promissory~~be able to raise sufficient ~~Notes~~additional ~~(continued)~~debt, equity or other cash on acceptable terms, if at all. Failure to generate sufficient revenues, achieve certain other business plan objectives or raise additional funds could have a material adverse effect on the Company’s results of operations, cash flows and financial position, including its ability to continue as a going concern, and may require it to significantly reduce, reorganize, discontinue or shut down its operations.

OnIn ~~February~~view ~~20,~~of ~~2015,~~ the ~~Company~~matters ~~issued~~described above, recoverability of a ~~convertible~~major ~~debenture~~portion ~~for~~of the ~~gross~~recorded ~~proceed~~asset ofamounts ~~US$25,000~~shown ~~(C$31,265).~~in ~~The~~the ~~debenture~~accompanying ~~matures~~balance onsheet ~~February~~is ~~20,~~dependent ~~2016.~~upon ~~The~~continued operations ~~terms~~ of ~~the~~ ~~debenture requires~~ the Company towhich, ~~pay~~in ~~the~~turn, ~~debenture~~is ~~investor~~dependent aupon ~~principal~~the ~~sum~~Company’s ofability ~~US$37,500~~to ~~with~~meet 8%its ~~annual~~financing ~~interest~~requirements ~~upon~~on ~~maturity.~~a ~~The~~continuing ~~principal~~basis, ~~amount~~and ofto ~~the~~succeed ~~debenture~~in ~~together~~its ~~with~~future ~~interest~~operations. The ~~may~~financial bestatements ~~converted~~do ~~into~~not ~~shares~~include ofany ~~common~~adjustments ~~stock~~relating to at the ~~lower~~recoverability ofand ~~(i) fifty~~classification ~~percent~~ of ~~the~~recorded ~~lowest~~asset ~~market~~amounts ~~price~~or ~~during~~amounts ~~the~~and 20classification ~~days~~of ~~prior~~liabilities tothat ~~the~~might ~~conversion~~be ornecessary should ~~(ii)~~the ~~US$0.00005~~Company ~~per~~be ~~share~~unable ifto ~~the~~continue ~~stock trades~~in ~~below~~its ~~US$0~~existence.~~001.~~ Management’s plans include:

On1. ~~March~~Seek ~~16,~~to ~~2015,~~raise ~~the~~debt ~~Company~~or ~~issued a~~equity ~~convertible debenture~~ for ~~the~~working ~~gross~~capital ~~proceed~~purposes ofand ~~US$15,000~~to ~~(C$19,157).~~pay ~~The~~off ~~debenture~~existing ~~matures~~debt ~~on March 16, 2016~~agreements. ~~The~~With ~~terms~~sufficient ofadditional ~~the debenture~~cash ~~requires~~available ~~the Company~~ to ~~pay~~ the ~~debenture investor a principal sum of US$22~~Company,~~500~~ ~~with~~it 8%can ~~annual~~begin ~~interest~~to ~~upon~~cover ~~maturity. The~~monthly ~~principal~~cash ~~amount~~losses ofand ~~the~~allocate ~~debenture~~funds ~~together~~toward ~~with~~marketing ~~interest~~its ~~may~~products ~~be converted into shares of common stock at the lower of (i) fifty percent of the lowest market price during the 20 days prior~~ to ~~the~~achieve ~~conversion~~additional orsales ~~(ii)~~and ~~US$0.00005~~consequently ~~per~~cut ~~share~~monthly ifoperating ~~the stock trades below US$0~~losses.~~001.~~

On May 28, 2015, the Company issued a convertible debenture for the gross proceed of US$25,000 (C$31,193). The debenture matures on May 28, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of US$25,000 with 5% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of common stock equal to fifty percent of the lowest closing price during the 15 days prior to the conversion. As of June 30, 2015, conversions totaling US$4,500 (C$5,572) have been recorded and 3,461,538 shares of the Company’s common stock have been issued as a result of the conversion.

	2.	Continue to create new business opportunities in a cannabis-related field. The Company has secured two purchase contracts to acquire greenhouses in California and to work with a licensed cannabis entity.

	3.	Renegotiate loan agreements with existing debt holders.

~~The~~There ~~above~~can ~~notes~~be ~~include~~no ~~certain~~assurance ~~embedded features~~that ~~related to~~ the ~~embedded~~Company will ~~conversion~~be ~~option~~able ~~being~~to ~~exercisable~~achieve ~~into~~its abusiness ~~variable~~plan ~~number~~objectives ofor ~~shares~~be ~~and~~able ~~the~~to ~~strike~~achieve ~~price~~or ~~being dominated~~maintain incash-flow-positive aoperating ~~currency~~results. ~~other than~~ If the Company’s ~~functional~~is ~~currency.~~unable ~~These~~to ~~features~~generate ~~qualify~~adequate asfunds ~~derivatives~~from ~~and~~operations ~~are~~or ~~bundled as~~raise asufficient ~~compound~~additional ~~embedded~~funds, ~~derivative that is measured at fair value. The fair value of~~ the ~~derivatives~~Company asmay atnot ~~June~~be ~~30, 2015 was $1,089,160~~able ~~(June~~to ~~30,~~repay ~~2014~~its -existing ~~$341~~debt,~~002).~~ Ascontinue ~~the~~to ~~fair~~operate ~~value~~its ofbusiness, ~~the~~respond ~~embedded~~to ~~conversion~~competitive ~~features~~pressures ~~exceeded~~or ~~the~~fund ~~principle~~its ~~value~~operations. ofAs ~~the~~a ~~promissory notes~~result, the ~~entire~~Company ~~amount~~may ofbe ~~the~~required ~~debt~~to ~~has~~significantly ~~been~~reduce, ~~classified~~reorganize, asdiscontinue anor ~~embedded~~shut ~~derivative~~down onits ~~the consolidated balance sheet~~operations. ToThe ~~calculate~~financial statements ~~the~~do ~~fair~~not ~~value~~include ofany ~~the~~adjustments ~~embedded~~that ~~derivative~~might ~~the~~result ~~following~~from ~~assumptions~~this ~~were made using the Black-Scholes pricing model:~~uncertainty.

	2015			2014
Risk-free interest rate		0.49	%		0.11	%
Expected life		1-2 years			0-1 year
Share price	$	0.003		$	0.0014
Volatility		519	%		519	%
Forfeiture rate		-	%		-	%

3. Debt

AsThe atfollowing ~~June~~table ~~30,~~summarizes ~~2015, accrued interest~~components ~~recorded~~of indebt ~~accounts~~as ~~payable~~of ~~and accrued liabilities relating to the convertible promissory notes totaled $31,174 (~~June 30, ~~2014 -~~2016 ~~$21,112).~~and 2015:

F-18

	2016		2015 (Unaudited)

Convertible debt due to various lenders	$	434,715	$	361,655
Less: discount on debt		22,472		—
Total debt, net of discounts	$	412,243	$	361,655

~~GOLDEN~~Convertible ~~GLOBAL~~debt ~~CORP.~~with ~~(An~~a ~~Exploration~~variable ~~Stage~~conversion rate ~~Company) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the years ended June 30, 2015 and 2014 Stated in Canadian dollars~~

~~Note~~On February 6, 2014, the Company entered into a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of $16,500. This promissory note bears interest at an annual rate of 8%, -and ~~Capital~~a default rate of 18%, which was to be paid with principal in full on the maturity date of November 10, 2014. The principal amount of the note together with interest may be converted into shares of common stock, par value of $0.0001 (“Common Stock”) at the option of the lender at a conversion price equal to thirty five percent at the market price, calculated as the average of the lowest three trading prices during the 10 trading days prior to the conversion. As the note was not repaid on November 10, 2014, a penalty of $5,473 has been added to the principal balance of the note. As of June 30, 2015, conversions totaling $14,325 have been recorded and 4,359 shares of the Company’s Common Stock have been issued as a result of the conversion. For the year ended June 30, 2016, additional conversions of $6,790 were recorded, resulting in the issuance of 10,545 shares of Common Stock. At June 30, 2016, the remaining debt balance is $860.

On ~~November~~April 187, ~~2013~~2014, the Company ~~issued~~entered into ~~120~~a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of $32,~~000~~500. ~~common~~This ~~stocks~~promissory note bears interest at an annual rate of 8%, and a default rate of 18%, which was to be paid with principal in ~~lieu~~full and interest on the maturity date of ~~cash~~January ~~payment~~9, ~~for~~2015. ~~consulting~~The ~~services~~principal amount of USthe ~~$30~~note together with interest may be converted into shares of Common Stock,~~000~~ at USthe option of the lender at a conversion price equal to forty one percent at the market price, which is the average of the lowest three trading prices during the 10 days prior to the conversion. The note has matured unpaid. As a result, a penalty of $016,250 has been added to the principal balance of the note.25 ~~per~~No ~~common~~debt ~~share~~conversions have been recorded, and at June 30, 2016, the debt balance remains at $48,750.

~~During~~On April 9, 2014, the ~~quarter~~Company ~~ended~~entered ~~December~~into ~~31,~~a securities purchase agreement to issue an unsecured convertible promissory note with a principal ~~2013~~amount of $42,000. This promissory note bears interest at an annual rate of 8%, with a default rate of 16%, which is to be paid with principal in full on the ~~Company~~maturity ~~issued~~date 46of April 9,~~513~~ ~~common~~2015. ~~stocks~~The asprincipal amount of the note together with interest may be converted into shares of Common Stock at the option of the lender at a ~~result~~conversion price equal to fifty percent of the lowest ~~partial~~closing price bid during the 18 days prior to the conversion. As the note was not repaid on April 9, 2015, a penalty of US$74,~~200~~240 ofhas been added to the ~~unsecured~~principal ~~promissory~~balance of the note. As of June 30, 2015, conversions totaling $8,810 have been ~~dated~~recorded ~~March~~and 142,515 ~~2012~~shares of the Company’s Common Stock have been issued as a result of the conversion. For the year ended June 30, 2016, additional conversions of $21,615 were recorded, resulting in the issuance of 259,010 shares of Common Stock. At June 30, 2016, the remaining debt balance is $15,815.

~~During~~On May 27, 2014, the ~~quarter~~Company ~~ended~~entered ~~March~~into ~~31,~~a ~~2014~~securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of $25,000. These promissory note bears interest at an annual rate of 8% which is to be paid with principal and interest on the ~~Company~~maturity ~~issued~~date ~~198~~of May 27,~~578~~ ~~common~~2015. ~~stocks~~The asprincipal amount of the note together with interest may be converted into shares of Common Stock at the option of the lender at a ~~result~~conversion price equal to fifty percent of the ~~partial~~lowest closing price bid during the 18 days prior to the conversion. For the year ended June 30, 2016, conversions of US$232,~~645~~423 ofwere ~~the~~recorded, ~~unsecured~~resulting ~~promissory~~in ~~note~~the ~~dated~~issuance ~~March~~of 14991 shares of Common Stock. At June 30, ~~2012~~2016, the remaining debt balance is $22,577.

~~During~~On August 1, 2014, the Company ~~quarter~~entered ~~ended~~into ~~June~~a 30securities purchase agreement to issue an unsecured convertible promissory note with a principal amount of $147,500. ~~2014~~This promissory note represents consulting fees paid for investor relation services up to July 31, 2014 and has been recorded as consulting expense. This promissory note bears interest at an annual rate of 8% which is to be paid with principal in full and interest on the ~~Company~~maturity ~~issued~~date ~~614~~of August 1,~~275~~ ~~common~~2015. ~~stocks~~The asprincipal aamount ~~result~~of the note together with interest may be converted into shares of Common Stock at the ~~partial~~lower of fifty percent of the lowest market price during the 20 days prior to the conversion. As of USJune 30, 2015, conversions totaling $553,~~110~~175 have been recorded and 2,334,375 shares of the ~~unsecured~~Company’s ~~promissory~~Common ~~note~~Stock ~~dated~~have ~~March~~been 14issued as a result of the conversion. For the year ended June 30, ~~2012~~2016, ~~and~~additional ~~May~~conversions of $2,740 ~~2012~~were recorded, resulting in the issuance of 54,800,000 shares of Common Stock. As of June 30, 2016, the remaining balance of this note has been assigned to other note holders.

~~During~~On November 18, 2014, the ~~quarter~~Company ~~ended~~entered ~~September~~into ~~30,~~a securities purchase agreement to issue an unsecured convertible promissory note with a principal amount ~~2014~~of $18,000. ~~the~~This ~~Company~~promissory ~~issued~~note ~~2,506,109~~bears ~~common~~interest ~~stocks~~at asan aannual ~~result~~rate of 8% which is to be paid with principal in full on the ~~conversion~~maturity date of ~~US$45,065~~November ~~(C$49~~18,~~202)~~ 2015. The principal amount of ~~unsecured~~the ~~promissory~~note together with interest may be converted into shares of Common Stock ~~notes~~at ~~dated~~the ~~May~~option 2,of ~~2012,~~the ~~November~~lender. 2As of June 30, ~~2012~~2016, ~~and~~the ~~October~~balance ~~25,~~of ~~2013~~this note has been assigned to other note holders.

~~During~~On ~~July~~February ~~2014~~20, 2015, the Company issued ~~1,686,364 common~~a ~~shares~~convertible debenture for USthe gross proceed of $~~181~~25,~~364~~000. ~~(C$195~~The debenture matured on February 20,~~331)~~ ~~previously~~2016. ~~accrued~~The ~~consulting~~terms of ~~fee~~the ~~payable~~debenture torequires ~~related~~the ~~parties.~~Company Ofto pay the ~~share~~debenture ~~issued,~~investor ~~1,050,000 were~~a ~~issued~~principal atsum ~~US$0.10~~of (C$037,500 with 8% annual interest upon maturity.~~11)~~ The ~~per~~principal ~~common~~amount ~~share~~of ~~and~~the ~~636,364~~debenture ~~were~~together ~~issued~~with atinterest ~~US$0.12~~may ~~(C$0.13)~~be ~~per~~converted ~~common~~into ~~share.~~shares Atof ~~the~~Common ~~time~~Stock at fifty percent of the ~~issuance,~~lowest market price during the ~~Company’s~~20 ~~share~~days ~~was~~prior ~~traded~~to atthe ~~US$0~~conversion.~~02.~~ AsAt aJune ~~result~~30, an2016 ~~additional~~and ~~US$48~~2015,~~197~~ ~~(C$51,977)~~the ~~has~~debt ~~been~~balance ~~recorded~~is ~~as share based compensation~~$37,500.

On ~~December~~March 816, ~~2014~~2015, the Company issued a convertible 6debenture for the gross proceed of $15,~~150,~~000. ~~common~~The ~~shares~~debenture inmatured ~~lieu~~on March 16, 2016. The terms of ~~payment~~the ~~for~~debenture ~~consulting~~requires ~~fee~~the Company to pay the debenture investor a principal sum of US$6122,500 ~~(C$70,553)~~with ~~payable~~8% toannual ~~related~~interest ~~parties~~upon ~~at US$0~~maturity.~~010~~ ~~(C$0.011) per~~The ~~common~~principal ~~share.~~amount Atof the ~~time~~debenture together with interest may be converted into shares of ~~issuance,~~Common Stock at fifty percent of the ~~Company’s~~lowest ~~share~~market ~~was~~price ~~traded~~during atthe ~~US$0.03.~~20 Asdays prior ato ~~result,~~the anconversion. ~~additional~~At ~~US$123~~June 30,~~000 (C$141,290)~~ ~~has~~2016 ~~been~~and ~~recorded~~2015, asthe ~~share~~debt ~~based~~balance ~~compensation~~is $22,500.

On ~~December~~May 828, ~~2014~~2015, the Company issued a convertible debenture for the gross proceed of $25,000. The debenture matures on May 28, 2016. The terms of the ~~150~~debenture requires the Company to pay the debenture investor a principal sum of $25,000 ~~common~~with 5% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares inof ~~lieu~~Common Stock equal to fifty percent of ~~payment~~the ~~for~~lowest ~~investor~~closing ~~relations~~price ~~and~~during ~~marketing~~the ~~services~~15 days prior to the conversion. As of USJune 30, 2015, conversions totaling $4,500 ~~(C$5~~have been recorded and 3,~~162)~~461,538 atshares ~~US$0~~of the Company’s Common Stock have been issued as a result of the conversion.03 ~~per~~As ~~common~~of June 30, ~~share~~2016, the balance of this note has been assigned to another note holder who converted the remaining debt of $20,500 into 378,635,739 shares of Common Stock. The note balance at June 30, 2016 is $0.

On ~~December~~August 1020, ~~2014~~2015, the ~~Company’s~~ ~~shareholders~~Company ~~issue~~issued a ~~written~~convertible ~~consent~~debenture toof ~~approve~~$25,000 ~~effective~~as ona ~~December~~result 10of a partial transfer of the August 1, 2014 note to a new holder. The debenture matures on August 20, ~~the~~2016. ~~reverse~~The ~~split~~terms of the debenture requires the Company’s ~~common stock~~to onpay the debenture investor a ~~ratio~~principal sum of 1$25,000 ~~new~~with ~~share~~8% ~~for~~annual ~~each~~interest ~~100~~upon ~~old~~maturity. The principal amount of the note together with interest may be converted into shares. ~~Subsequent~~of toCommon Stock at the ~~reverse~~lower ~~split,~~of fifty percent of the ~~Company~~lowest ~~had~~market 14price during the 20 days prior to the conversion. As of June 30,~~873~~ 2016,~~382~~ ~~common~~conversions ~~shares~~totaling $16,913 have been ~~outstanding~~recorded onand ~~December~~208,269 10shares of the Company’s Common Stock have been issued as a result of the conversion. The note balance at June 30, ~~2014~~2016 is $8,087.

~~During~~On ~~the~~November ~~quarter~~5, ~~ended December 31~~2015, ~~2014,~~ the Company issued 2a convertible debenture for gross proceeds of $30,~~940,255~~000. ~~common~~The ~~stocks~~debenture asmatured aon ~~result~~June 5, 2016. The terms of the debenture ~~conversion~~requires the Company to pay the debenture investor a principal sum of US$1440,~~740~~000 ~~(C$16,620)~~with 5% annual interest upon maturity. The principal amount of ~~unsecured~~the ~~promissory~~debenture together with interest may be converted into shares of Common Stock equal to fifty percent ~~notes~~of ~~dated~~the ~~October~~lowest ~~25,~~closing ~~2013,~~price ~~February~~during 6,the ~~2014,~~40 days prior to the conversion. No debt conversions have occurred and ~~April~~the 9note balance at June 30, ~~2014~~2016 is $40,000.

On ~~April~~December 212, 2015, the Company issued 12 a convertible debenture for the gross proceeds of $20,~~500,~~000. ~~common~~The ~~shares~~debenture inmatured ~~lieu~~on June 2, 2016. The terms of ~~payment~~the ~~for~~debenture ~~consulting~~requires ~~fee~~the Company to pay the debenture investor a principal sum of US$5025,000 ~~(C$61,405)~~with ~~payable~~5% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of Common Stock equal to ~~related~~thirty ~~parties~~percent of atthe ~~US$0~~lowest closing price during the 30 days prior to the conversion.~~004~~ No debt conversions have occurred and the note balance ~~(C$0.005)~~at ~~per~~June ~~common~~30, ~~share~~2016 is $25,000.

~~During~~On ~~the~~December ~~quarter ended June 30~~3, 2015, the Company issued ~~16,280,071~~a ~~common~~convertible ~~stocks~~debenture of $19,500 as a result of ~~the~~a ~~conversion~~partial transfer of ~~US$20~~the August 1,~~685~~ ~~(C$25~~2014 note to a new holder. The debenture matured on June 3,~~434)~~ 2016. The terms of ~~unsecured~~the ~~promissory~~debenture ~~notes~~requires the Company to pay the debenture investor a principal ~~dated~~sum ~~February~~of 6$19,500 ~~2014,~~with ~~and~~5% ~~April~~annual 9interest upon maturity. The principal amount of the note together with interest may be converted into shares of Common Stock at thirty percent of the lowest market price during the 30 days prior to the conversion. As of June 30, ~~2014~~2016, ~~August~~conversions 1,totaling ~~2014~~$3,000 have been recorded and ~~May~~55,556 28shares of the Company’s Common Stock have been issued as a result of the conversion. The note balance at June 30, ~~2015~~2016 is $16,500.

On December 3, 2015, the Company issued a convertible debenture of $105,000 as a result of a transfer of the August 1, 2014 note to a new holder. The debenture matures on July 3, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $105,000 with 5% annual interest upon maturity. The principal amount of the note together with interest may be converted into shares of Common Stock at fifty percent of the lowest market price during the 40 days prior to the conversion. As of June 30, ~~2015~~2016, conversions totaling $7,500 have been recorded and ~~2014~~83,333 ~~there~~shares ~~are~~of the Company’s Common Stock have been issued as a result noof ~~share~~the ~~options~~conversion. orThe ~~warrants~~note ~~outstanding~~holder assigned $6,000 of the note to another note holder, and the remaining balance of this note at June 30, 2016 is $91,500.

~~F-19~~On December 30, 2015, the Company issued a convertible debenture for gross proceeds of $5,000. The debenture matures on June 30, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $7,500 with 5% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of Common Stock equal to fifty percent of the lowest closing price during the 40 days prior to the conversion. The note balance at June 30, 2016 is $7,500.

~~GOLDEN~~On ~~GLOBAL~~December ~~CORP~~31, 2015, the Company issued a convertible debenture for gross proceeds of $10,000. ~~(An~~The ~~Exploration~~debenture ~~Stage~~matures on July 1, 2016. The terms of the debenture requires the Company) ~~NOTES~~to TOpay ~~THE~~the ~~CONSOLIDATED~~debenture ~~FINANCIAL~~investor ~~STATEMENTS~~a ~~For~~principal sum of $13,000 with 5% annual interest upon maturity. The principal amount of the ~~years~~debenture ~~ended~~together ~~June~~with interest may be converted into shares of Common Stock equal to fifty percent of the lowest closing price during the 30, ~~2015~~days ~~and~~prior ~~2014~~to ~~Stated~~the inconversion. ~~Canadian~~The ~~dollars~~note balance at June 30, 2016 is $13,000.

~~Note~~On 9January –5, ~~Income~~2016, ~~Taxes~~the Company issued a convertible debenture of $19,618 as a result of a transfer of the November 8, 2014 note to a new holder. The debenture matures on July 5, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $19,618 with 5% annual interest upon maturity. The principal amount of the note together with interest may be converted into shares of Common Stock at fifty percent of the lowest market price during the 30 days prior to the conversion. As of June 30, 2016, conversions totaling $3,992 have been recorded and 221,778 shares of the Company’s Common Stock have been issued as a result of the conversion. The note balance at June 30, 2016 is $15,626.

~~Potential~~On ~~benefits~~January 13, 2016, the Company issued a convertible debenture for gross proceeds of ~~income~~$20,000. ~~tax~~The ~~losses have~~debenture ~~not~~matures ~~been~~on ~~recognized~~January in13, ~~these~~2017. ~~consolidated~~The ~~financial~~terms of ~~statements~~the ~~because~~debenture requires the Company ~~cannot~~to pay the debenture investor a principal sum of $26,000 with 5% annual interest upon maturity. The principal amount of the debenture together with interest may be ~~assured~~converted itinto isshares ~~more~~of ~~likely~~Common Stock equal to forty-~~than-not~~five percent itof ~~will~~the ~~utilize~~lowest closing price during the ~~net~~30 ~~operating~~days ~~losses~~prior ~~carried~~to ~~forward~~the inconversion. ~~future~~The ~~years~~note balance at June 30, 2016 is $26,000.

~~Income~~On ~~tax~~January ~~recovery~~19, ~~differs~~2016, the ~~from~~Company ~~that~~issued a convertible debenture for gross proceeds of $2,500. The debenture matures on January 19, 2017. The terms of ~~which~~the ~~would~~debenture requires the Company to pay the debenture investor a principal sum of $4,000 with 5% annual interest upon maturity. The principal amount of the debenture together with interest may be ~~expected~~converted byinto ~~applying~~shares of Common Stock equal to forty-five percent of the ~~effective~~lowest ~~rates~~closing price during the 30 days prior to ~~net~~the ~~loss~~conversion. asThe ~~follows:~~note balance at June 30, 2016 is $4,000.

	Year ended June 30, 2015			Year ended June 30, 2014
Net loss for the period – attributed to common shareholders	$	(1,327,948	)	$	(601,981	)
Statutory and effective rates		25	%		25	%
Income tax recovery at effective rate	$	(331,987	)	$	(150,495	)
Effect of deductible and non-deductible amounts		(46,046	)		26,423
Change in valuation allowance		378,033			124,072
Corporate income tax recovery recognized in the accounts	$	-		$	-

On February 25, 2016, the Company issued a convertible debenture for gross proceeds of $19,500. The debenture matures on July 3, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $33,500 with 5% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of Common Stock equal to fifty percent of the lowest closing price during the 30 days prior to the conversion. The note balance at June 30, 2016 is $33,500

~~The~~On ~~Company~~February ~~has~~23, ~~accumulated~~2016, ~~net~~the ~~operating~~Company ~~losses~~issued ~~totaling~~a ~~approximately~~convertible debenture of $2,~~300,000~~500 ~~for~~as ~~income~~a ~~tax~~result ~~purposes~~of ~~which~~a ~~expire~~partial intransfer of the ~~years~~December ~~from~~3, ~~2031~~2015 note to ~~2035.~~a Ofnew holder. ~~this~~The ~~amount~~debenture ~~$600~~matures on July 3,~~000~~ ~~are~~2016. ~~losses~~The interms ~~Canada~~of ~~and~~the debenture requires the Company to pay the debenture investor a principal sum of $12,~~700,000~~500 ~~are~~with ~~losses~~5% inannual ~~the~~interest ~~United~~upon ~~States~~maturity. The ~~components~~principal amount of the ~~net~~note ~~deferred~~together ~~tax~~with interest may be converted into ~~asset~~shares of Common Stock at fifty percent of the lowest market price during the 40 days prior to the conversion. The note balance at June 30, ~~2015~~2016 ~~and~~is ~~2014 are below:~~$2,500

	June 30, 2015			June 30, 2014
Non-capital losses carried forward	$	725,750		$	351,725
Share issue costs		-			518
Equipment		7,476			2,950
Deferred tax asset value		733,226			355,193
Valuation allowance		(733,226	)		(355,193	)
Deferred tax assets recognized	$	-		$	-

On March 13, 2016, the Company issued a convertible debenture of $3,500 as a result of a partial transfer of the December 3, 2015 note to a new holder. The debenture matures on July 3, 2016. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $3,500 with 5% annual interest upon maturity. The principal amount of the note together with interest may be converted into shares of Common Stock at fifty percent of the lowest market price during the 40 days prior to the conversion. The note balance at June 30, 2016 is $3,500.

~~Note~~The 10conversion –price ~~Commitments~~of the notes issued in fiscal year 2016 is based on a variable that is not an input to the fair value of a “fixed-for-fixed” option as defined under FASB ASC Topic No. 815 - 40. The fair value of the notes was recognized as a derivative instrument at the issuance date and is measured at fair value at each reporting period. The Company determined that the aggregate fair value of the conversion features was $946,328 at the issuance dates. Debt discount was recorded up to the $286,500 face amount of the note and is amortized to interest expense over the term of the note and $264,028 of the initial debt discount was recorded as interest expense in fiscal 2016, leaving a remaining debt discount balance of $22,472 at June 30, 2016. The fair value of the conversion feature in excess of the principal amount allocated to the notes in the aggregate amount of $578,174 was expensed immediately as additional interest expense. Accrued interest payable on the convertible notes amounted to $42,589 at June 30, 2016.

~~For consideration of ongoing investor relations and marketing service the Company has agreed to issue shares in lieu for services~~4. ~~The Company has agreed that this~~ Derivative vendor will remain the owners of at least 3% of the Company’s outstanding as at June 5, 2015 and June 5, 2016. At June 30, 2015, the Company has recorded shares to be issued of US$5,151 (C$6,000), which represents 1,471,812 shares.Liabilities

~~Note~~The 11Company –evaluated ~~Subsequent~~their ~~Events~~convertible note agreements pursuant to ASC 815 and due to there being no minimum or fixed conversion price resulting in an indeterminate number of shares to be issued in the future, the Company determined an embedded derivative existed and ASC 815 applied for their convertible notes. The Company valued the embedded derivatives using the Black-Scholes valuation model.

OnConvertible ~~October~~debt 7,with 2015, title to the Company’s placer gold claims at its McDame property, which consists of placer claims 362586, 363240, 776862 and 776902 located in north central British Columbia, were transferred to a ~~third~~variable ~~party~~conversion (the “Lender”) who loaned Golden Global Corp $185,000 (the “Loan”). These claims, and all equipment, machinery, vehicles and ancillary buildings to process the claims were used as collateral for the Loan. The collateral has been foreclosed by the Lender and the assets are no longer owned by the Company.feature

FIn 2016, we estimated the fair value of the derivatives using the Black-20Scholes valuation method with assumptions including: (1) term of 0.25 to 0.5 years; (2) a computed volatility rate of 576% (3) a discount rate of 1.00% and (4) zero dividends. Upon settlement the valuation of this embedded derivative was recorded as change to capital in excess of par value.

~~GOLDEN~~In ~~GLOBAL~~2015, ~~CORP~~we estimated the fair value of the derivatives using the Black-Scholes valuation method with assumptions including: (1) term of 0.25 to 2.0 years; (An2) ~~Exploration~~a ~~Stage~~computed ~~Company~~volatility rate of 596% (3) ~~NOTES~~a TOdiscount ~~THE~~rate ~~CONSOLIDATED~~of ~~FINANCIAL~~1.00% ~~STATEMENTS~~and ~~For~~(4) zero dividends. Upon settlement the ~~years~~valuation ~~ended~~of ~~June~~this ~~30,~~embedded ~~2015~~derivative ~~and~~was ~~2014~~recorded as ~~Stated~~change to capital in ~~Canadian~~excess ~~dollars~~of par value.

~~Note~~Activity 11for –embedded ~~Subsequent~~derivative ~~Events~~instruments ~~(continued)~~during the year ended June 30, 2016 was as follows:

On October 30, 2015, the Company entered into an Acquisition Agreement (“Agreement”) wherein the Company will acquire 100% of the issued and outstanding units of Corpaycar, LLC, the maker of the Combo Hitter, from the existing unitholders of Corpaycar. At the closing of the Agreement, the Company will issue 100,000 shares of Convertible Preferred Stock of the Company to the existing unitholders of Corpaycar, in pro rata shares according to the Agreement. Following completion of the Agreement, the existing Board of Directors and Officers of Corpaycar, will become the directors and officers of the Company.

			Initial valuation
			of derivative
			liabilities upon		Change in
	Balance at		issuance of new		fair value of			Conversion			Balance at
	June 30,		securities during		derivative			of debt			June 30,
	2015		the period		liabilities			to equity			2016
Derivative derived from variable convertible debt	$	873,180	$	946,328	$	(113,445	)	$	(833,598	)	$	872,465

~~F-21~~5. Stockholders’ Equity

At the opening of trading on September 16, 2016, the Company effected a reverse split of our common stock at a ratio of 1:1800. As a result of the reverse stock split, each of our 1,800 pre-split shares of common stock outstanding automatically combined into one new share of common stock without any action on the part of the respective holders, and the number of outstanding shares of our common stock was reduced from approximately 27.6 billion shares to approximately 1.53 million shares. The reverse stock split also applied to shares of common stock issuable upon the conversion of outstanding convertible securities. All references to shares of common stock issued or outstanding have been retrospectively changed in this report to reflect the reverse split.

On December 10, 2014, the Company’s shareholders issue a written consent to approve, effective on December 10, 2014, the reverse split of the Company’s Common Stock on a ratio of 1 new share for each 100 old shares. Subsequent to the reverse split, the Company had 14,873,382 common shares outstanding on December 10, 2014.

During the year ended June 30, 2015, the Company issued 11,381 shares of Common Stock in lieu of payment for consulting fee of $237,477 payable to related parties.

During the year ended June 30, 2015, the Company issued 12,070 shares of Common Stock as a result of the conversion of $75,873 of unsecured promissory notes.

During year ended June 30, 2016, the Company issued 305,556 shares of Common Shares as stock-based compensation, valued at a total of $105,047.

During the year ended June 30, 2016, the Company issued 1,080,281 shares of Common Stock as a result of the conversion of $85,473 of unsecured promissory notes. See Note 3.

During the year ended June 30, 2016, the Company issued 50,000 shares of Common Stock in a private placement, for cash proceeds of $9,000.

As of June 30, 2016, there are no share options or warrants outstanding.

Preferred Stock

There are 1,000 shares of Series A preferred stock outstanding. The holders of the Series A preferred stock are not entitled to receive any dividends or distributions declared or paid by the Company to the holders of common stock. Notwithstanding the foregoing, dividends or distributions may be declared and paid on the Series A Preferred Stock from funds legally available for such purpose as and when determined by the Board of Directors.

Voting Rights. The holders of shares of Series A Preferred Stock shall have the following voting rights:

(a) Description of Voting Rights. The holders of the Series A Preferred Stock will have the voting rights as described in this Section 2 or as required by law. For so long as any shares of the Series A Preferred Stock remain issued and outstanding, the holders thereof, voting separately as a class, shall have the right to vote on all shareholder matters (including, but not limited to, at every meeting of the stockholders of the Corporation and upon any action taken by stockholders of the Corporation with or without a meeting) equal to fifty-one percent (51%) of the total vote. For example, if there are 10,000 shares of the Corporation's common stock issued and outstanding at the time of a shareholder vote, the holders of the Series A Preferred Stock, voting separately as a class, will have the right to vote an aggregate of 10,400 shares, out of a total number of 20,400 shares voting. For the sake of clarity and in an abundance of caution, the total voting shares outstanding at the time of any and all shareholder votes (i.e., the total shares eligible to vote on any and all shareholder matters) shall be deemed to include (a) the total shares of common stock outstanding; (b) the voting rights applicable to any outstanding shares of preferred stock, other than the Series A Preferred Stock, if any; and (c) the voting rights attributable to the Series A Preferred Stock, as described herein, whether such Series A Preferred Stock shares are voted or not.

(b) Amendments to Articles of Incorporation and Bylaws. So long as the Series A Preferred Stock is outstanding, the Corporation shall not, without the affirmative vote of the Holders of at least sixty-six and two-thirds percent (66-2/3%) of all outstanding shares of Series A Preferred Stock, voting separately as a class (i) amend, alter or repeal any provision of the Articles of Incorporation or the Bylaws of the Corporation so as to adversely affect the designations, preferences, limitations and relative rights of the Series A Preferred Stock, whether by reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, (ii) effect any reclassification of the Series A Preferred Stock, or (iii) designate any additional series of preferred stock, the designation of which adversely effects the rights, privileges, preferences or limitations of the Series A Preferred Stock set forth herein.

(c) Amendment of Rights of Series A Preferred Stock. The Corporation shall not, without the affirmative vote of the holders of at least 66-2/3% of all outstanding shares of the Series A Preferred Stock, amend, alter or repeal any provision of this Certificate of Determination, PROVIDED, HOWEVER, that the Corporation may, by any means authorized by law and without any vote of the holders of shares of the Series A Preferred Stock, make technical, corrective, administrative or similar changes in this Certificate of Designation that do not, individually or in the aggregate, adversely affect the rights or preferences of the holders of shares of the Series A Preferred Stock.

Section 3. Conversion Rights. The holders of the Series A Preferred Stock shall have no conversion rights.

Section 4. Liquidation, Dissolution or Winding Up. Upon any liquidation, dissolution or winding up of the Corporation the holders of shares of Series A Preferred Stock shall not be entitled to receive any liquidation preference.

Board Representation. The holders of the shares of Series A Preferred Stock, so long as shares of the Company’s Series A Preferred Stock are outstanding, shall have the right, as a class, to nominate one (1) person for election as a member of the Board of Directors.

Conversion Rights. The holders of the Series A Preferred Stock shall have no conversion rights.

Liquidation, Dissolution or Winding Up. Upon any liquidation, dissolution or winding up of the Corporation the holders of shares of Series A Preferred Stock shall not be entitled to receive any liquidation preference.

6. Income Taxes

The Company has accumulated net operating losses of $1,700,000 for United States federal tax purposes at June 30, 2016 and 2015, respectively, some of which are limited in their utilization pursuant to Section 382 of the Internal Revenue Code, and which may not be available entirely for use in future years. These losses expired in fiscal years 2031 though 2036.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities as of June 30, 2016 and 2015 were as follows:

	2016			2015 (Unaudited)
Deferred tax assets, net:
Net operating loss carry forwards	$	626,000		$	580,000
Other		—			—
Deferred tax asset value		626,000			580,000
Valuation allowance		(626,000	)		(580,000	)
Net deferred assets	$	—		$	—

The valuation allowance increased to $626,000 at June 30, 2016 from $580,000 at June 30, 2015.

The following is a reconciliation of the tax provisions for the years ended June 30, 2016 and 2015 with the statutory Federal income tax rates:

	Percentage of Pre-Tax Income
	2016			2015

Statutory federal income tax rate		34.0	%		34.0	%
Reduction of tax attributes due to discharge of indebtedness		(34.0	)		(34.0	)

Effective tax rate		—			—

The Company did not have any material unrecognized tax benefits as of June 30, 2016 and 2015. The Company does not expect the unrecognized tax benefits to significantly increase or decrease within the next twelve months. The Company recorded no interest and penalties relating to unrecognized tax benefits as of and during the years ended June 30, 2016 and 2015. The Company is subject to United States federal income tax, as well as taxes by various state jurisdictions. The Company is currently open to audit under the statute of limitations by the federal and state jurisdictions for the years ending June 30, 2013 through 2016.

7. Fair Value Measurements

The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures of financial instruments on a recurring basis.

Fair Value Hierarchy

The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

Level 1

inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2

inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3

inputs are unobservable inputs for the asset or liability.

Determination of Fair Value

Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the Company bases its fair value on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is the Company’s policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets and liabilities where there exists limited or no observable market data and, therefore, are based primarily upon management’s own estimates, are often calculated based on current pricing policy, the economic and competitive environment, the characteristics of the asset or liability and other such factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows, that could significantly affect the results of current or future value.

Following is a description of valuation methodologies used for assets and liabilities recorded at fair value and for estimating fair value where it is practicable to do so for financial instruments not recorded at fair value (disclosures required by the Fair Value Measurements Topic of the FASB Accounting Standards Codification).

Cash and cash equivalents, accounts receivable, and accounts payable

In general, carrying amounts approximate fair value because of the short maturity of these instruments.

Debt

At June 30, 2016 and 2015, long-term debt was carried at its face value plus accrued interest due to the fact that the debt is fully callable by the lender. Based on the financial condition of the Company, it is impracticable for the Company to estimate the fair value of the short and long-term debt.

Liabilities Measured and Recognized at Fair Value on a Recurring Basis

The following table presents the amounts of liabilities measured at fair value on a recurring basis as of June 30, 2016 and 2015.

Derivative Liability

The fair value of the derivatives that are traded in less active over-the counter markets are generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 3 within the fair value of hierarchy. The derivative liabilities are adjusted to their fair market value at the end of each quarter. The calculation of the derivative liability considers the principal amount of convertible debt and excludes any potential conversion of accrued interest payable.

	Total		(Level 1)		(Level 2)		(Level 3)
June 30, 2016

Derivative liability	$	872,465		—		—	$	872,465

June 30, 2015 (Unaudited)

Derivative liabilities	$	873,180		—		—	$	873,180

The Company has no instruments with significant off balance sheet risk.

8. Commitments and Contingencies

Operating Leases

The Company use facilities at no charge that are provided by the majority owner of the Company. The Company does not record rent expense.

Litigation

The Company is subject to legal proceedings and claims that arise in the ordinary course of its business. In the opinion of management, the amount of ultimate liability, if any, is not likely to have a material effect on the financial condition, results of operations or liquidity of the Company. However, as the outcome of litigation or legal claims is difficult to predict, significant changes in the estimated exposures could occur.

9. Net Earnings (Loss) Per Common Share

Basic net income (loss) per share is computed by dividing net income available to common stockholders (numerator) by the weighted average number of vested, unrestricted common shares outstanding during the period (denominator). Diluted net income per share is computed on the basis of the weighted average number of shares of Common Stock outstanding plus the effect of dilutive potential common shares outstanding during the period using the if-converted method. Dilutive potential common shares include shares issuable upon exercise of outstanding stock options, warrants and convertible debt agreements.

For the years ended December 31, 2016 and 2015, the Company had a series of convertible notes outstanding that could be converted into approximately 5,367,000 and 76,000 shares of Common Stock, respectively. These shares are not presented in the loss per common share calculation because the effect of these shares is anti-dilutive.

10. Sale of Subsidiary

On June 1, 2016, the Company’s inactive Canadian subsidiary was sold to a third-party entity for $100 and the Company recognized a net gain of $446,183 as a result of the sale. The gain on the sale represents the negative net worth of the Canadian subsidiary, which is no longer a portion of our consolidated balance sheet at June 30, 2016.

11. Related Party Transactions

At June 30, 2016, the Company owes its chief executive officer $88,027 in unpaid salary.

12. Subsequent Events

On August 2, 2016, the Company received a conversion notice from a convertible note holder and the Company issued 130,000,000 shares of its Common stock to retire $6,500 in debt.

On February 1, 2018, the Company issued a convertible debenture for gross proceeds of $35,000. The debenture matures on February 1, 2019. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $45,000 with 12% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of Common Stock equal to fifty percent of the lowest trading price during the 30 days prior to the conversion.

On February 1, 2018, the Company issued a convertible debenture in exchange for a reduction in principal payable of $17,000 and interest payable of $3,000 on a convertible debenture that was originally issued on November 5, 2015. The new debenture matures on February 1, 2019. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $20,000 with 12% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of Common Stock at a conversion price equal to the lower of $0.0023 per share or fifty percent of the lowest trading price during the 40 days prior to the conversion.

On February 1, 2018, the Company issued a convertible debenture for gross proceeds of $10,000. The debenture matures on August 1, 2018. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $15,000 with 8% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of Common Stock equal to fifty percent of the lowest trading price during the 30 days prior to the conversion.

One February 22, 2018, the Company issued 415,983 shares of restricted Common Stock for a one-year investor relations contract.

On February 28, 2018, the Company entered into two asset purchase agreements with a non-affiliated individual (the “Seller”), pursuant to which it contemporaneously acquired certain assets which will allow the Company, subject to the Company applying for and being issued the required licenses, to establish a legal medicinal and recreational marijuana grow operation in California. The Company hired the Seller to be the Company’s Chief Operating Officer on March 3, 2018. The assets purchased include a state-of-the-art indoor hydroponics facility, eleven greenhouses, various permits and additional fixtures, equipment and supplies. The purchase price for the assets consisted of 20,000,000 shares of our common stock issued to the Seller and $15,000,000 in cash payable in installments over a two-year period. In July 2018, the Company and the Seller amended the purchase agreements to reduce the amount of assets purchased and to reduce the promissory note component of the purchase price to $7,000,000. The promissory note will not be issued until the cannabis licenses are acquired by the Company. The 20,000,000 shares of common stock were issued immediately.

On March 1, 2018 the Company issued 15,000,000 shares of restricted Common Stock to its Chief Executive Officer, as payment of $501,000 in accrued compensation.

On March 1, 2018, the Company issued a convertible debenture for gross proceeds of $4,000. The debenture matures on September 1, 2018. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $7,500 with 8% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of Common Stock equal to fifty percent of the lowest trading price during the 30 days prior to the conversion.

On March 3, 2018, the Company hired a Chief Operating Officer for a base salary of $42,500 and $49,500 for the periods ending December 31, 2018 and 2019, respectively, payable in Common Stock of the Company at a conversion rate of $0.125 per share.

On April 1, 2018, the Company issued a convertible debenture for gross proceeds of $8,500. The debenture matures on October 1, 2018. The terms of the debenture requires the Company to pay the debenture investor a principal sum of $12,500 with 8% annual interest upon maturity. The principal amount of the debenture together with interest may be converted into shares of Common Stock equal to fifty percent of the lowest trading price during the 30 days prior to the conversion.

On April 1, 2018, the Company sold 150,000 shares of its Common Stock for $10,500.

On June 1, 2018, the Company sold 150,000 shares of its Common Stock for $10,500.

On July 2, 2018, the Company sold 160,000 shares of its Common Stock for $4,000.

Filing Compare · GOLDEN GLOBAL CORP.