UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~March~~ 8May 17, 2021

MOUNTAIN HIGH ACQUISITIONS CORP.

COLORADO	333-175825	27-3515499
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

(Address of principal executive offices)

4350 Executive Drive, Suite 200

San Diego,CA 92121

(760) 413-3927

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

☐o Written communications pursuant to Rule 425 under the Securities Act of 1933 (17 CFR 230.425)

☐o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐o Pre-commencement communications pursuant to Rule 13e-4(e) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230,405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter)

Emerging growth company ☑x

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

ITEM 1.01 Entry into a Material Definitive Agreement.

OnEffective ~~March~~May 817, 2021, Mountain High Acquisitions Corp, (the “~~MYHI~~Company”), GPS ~~on the one hand~~Associates,~~and~~ ~~David~~Inc. ~~Aquino~~(“GPS”) and ~~Gwen~~Trilogy ~~Aquino~~Capital (~~collectively,the"Shareholders"~~Trilogy”)~~, on~~ ~~the other hand,~~ entered into ana ~~Exchange~~Rescission Agreement (the “~~Exchange~~ Rescission Agreement”) pursuant to which ~~MYHI~~the parties thereto agreed to ~~purchase~~rescind and cancel that certain Exchange Agreement dated May 8,2020 ~~from~~(the “Exchange Agreeement”). Under the ~~Shareholders~~Exchange Agreement, the Company acquired all of the capital stock of ~~Kafkaford~~GPS ~~Holdings,~~(the ~~Inc.~~“GPS Shares”) from Trilogy, aits ~~California~~then ~~corporation~~sole shareholder,~~dba~~ ~~Certain Supply ("CS")~~ in exchange ~~(the "Exchange")~~ for 48215,~~076~~250,~~923~~000 restricted shares of ~~MYHI~~the Company’s Common Stock (the “~~MYHI~~Company Shares"”). APursuant ~~portion~~to ofthe Rescission Agreement Trilogy surrendered or caused the surrender for cancellation ~~MYHI~~of the Company Shares, ~~are~~and ~~subject~~the Company returned to ~~forfeiture~~Trilogy inand/or its designee the ~~event~~GPS Shares. The Rescission Agreement was entered into because the books and records of GPS were so deficient that the ~~Employment~~Company was unable to generate financial statements of GPS with the result that the Company in turn was unable to comply with its reporting obligations under the Securities Exchange Act of 1934 and became delinquent in its filings with the Securities and Exchange Commission . Under the Exchange Agreement, ~~referenced~~Trilogy ~~below~~agreed isto ~~terminated~~convert byan ~~David~~aggregate ~~Aquino~~amount ~~without~~of ~~good~~$194,000 ~~reason~~representing oradvances to the Company by ~~MYHI~~Trilogy. ~~for~~into ~~cause~~19,400,000 restricted shares (the “Conversion Shares”).

InThe ~~connection~~foregoing ~~with the~~summary ~~Exchange,~~of ~~MYHI entered into an Employment Agreement with David Aquino (~~the ~~“Employment~~Rescission Agreement”) ~~pursuant~~is ~~to which~~qualified ~~MYHI~~in ~~agreed to employ Mr. Aquino as~~ its ~~Chief Operating Officer and President of CS. The term of employment is for two years~~entirety ~~from~~by ~~March~~reference ~~8, 2021 provided that the term will be extended for successive one-year terms unless either party provides written notice at least sixty days prior~~ to the ~~end~~full text of the ~~applicable~~Rescission ~~period~~Agreement, ~~of employment. Mr. Aquino is to receive (~~a) acopy ~~base salary~~ of ~~$180,000 per annum (the Base Salary”)~~ which ~~Base~~is ~~Salary~~filed ~~will~~as beExhibit ~~subject to an increase to $360,000 at the first instance the average of the closing prices of MYHI shares over a consecutive seven trading day period exceeds $0~~10.~~25;~~01 ~~(b) a signing bonus of $100,000 within 45 days from the closing; (c) an annual bonus on the first anniversary of closing of $180,000~~ to bethis ~~paid~~Current inRepport ~~restricted shares of MYHI common stock, and~~ on ~~the~~Form ~~second and subsequent anniversaries, $360,000 in restricted shares of MYHI Common Stock if the~~8-K ~~average of the closing prices for the consecutive seven trading days immediately prior to the end of such twelve month period exceeds $0.25;~~ and (d) an annual performance bonus of 4,000,000 restricted shares if (x)on the first anniversary of the closing, the average of the closing prices for the consecutive seven tradings immediately preceeding such date is atincorporated ~~least~~by $0reference.~~25, and (y) on the second and subsequent anniversaries, the average of the closing prices for the consecutive seven trading days immediately preceeding the applicable anniversary date exceeds $0.35.~~

The above summary of the Exchange Agreement and Employment Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions set forth in those documents attached as Exhibit 10.1 and 10.2 which are incorporated herein by reference.

ITEM 2.01 Completion of Acquisition or Disposition of Assets

Reference is made to the disclosure in Item 1.01. OnThe ~~March~~Company 8,disposed ~~2021~~of all of the ~~Exchange~~GPS Shares pursuant to the Rescission Agreement to the effect that the Company was ~~consummated~~never deemed to be the owner of the GPS Shares..

Description of CS

Certain Supply is an Irvine California based company founded in early 2020 in response to the COVID-19 pandemic.The Company is engaged in the manufacturing and distribution of Personal Protective Equipment (PPE). CS offers high-quality, certified and tested products globally to healthcare workers, businesses and individuals. Management of CS has extensive experience in supply chain operations and sourcing. In its first year of operations, CS has sold millions of PPE products.

ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant

In connection with the closing of the Exchange, CS issued a three year promissory note in favor of David Aquino in the principal amount of $1,275,000.

ITEM 3.02 Unregistered Sales of Equity Securities

Reference is made to Items 1.01 ~~and 2~~.~~01.~~ OnPursuant ~~March~~to ~~8,2021,~~ the ~~Exchange was~~Rescission ~~consummated. In connection therewith~~Agreement, the ~~MYHI~~Company issued to Trilogy the ~~MYHI~~Conversion Shares. All such shares were issued in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended. Such reliance was based on the fact that the issuance of such shares did not involve a public offering.

ITEM 5.02 Departure of Directors or Certain Officers;Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Reference is made to the disclosure in Item 1.01 with respect to the Employment Agreement between MYHI and David Aquino. Pursuant to the Exchange Agreement and the Employment Agreement, David Aquino was appointed to the Board of Directors of MYHI, its Chief Operating Officer and as President of CS.

Mr. Aquino founded CS in April 2020 and has served as its Chief executive Officer from that date. From August 2012 to May 2018, Mr. Aquino was Chief Operating Officer and Chief Information Officer of Barco Uniforms, an apparel and uniform company focused on healthcare and corporate identity programs. From June 2018 to November 2019, he was Executive Vice President, Global Operations and IT for SharkNinja, a global home appliance manufacturer and distributor. From June 2020 to November 2020, he was Chief Operating Officer of Caresimatic, a manufacturer of healthcare apparel and footwear, school apparel and skincare.

ITEM 9.01 Financial Statements And Exhibits

(a) Financial Statements of Business Acquired

Audited financial statements of CS consisting of a balance sheet as of December 31, 2020 and the related statements of operations, stockholders equity and cash flows for the year then ended together with proforma financial statements consisting of a proforma unaudited combined balance sheet as of December 31, 2020 will be filed pursuant to an amendment to this Current Report on Form 8-K.

(d)

Exhibits:	~~Exhibits~~Document Description:	~~Document Description:~~
	4.1	Promissory Note issued by Certain Supply
10.01	Rescission Agreement dated as of May 13, 2021 among the Company, GPS and Trilogy
	10.01	Exchange Agreement dated as of March 8, 2021 between MYHI and the Shareholders
	10.02	Employment Agreement dated as March 8, 2021 between MYHI and David Aquino

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: ~~March~~May 1219, 2021 MOUNTAIN HIGH ACQUISITIONS CORP. By: /s/ Raymond Watt Raymond Watt , Chief Executive Officer

INDEX TO EXHIBITS

	Exhibits:			Document Description:
	4.1			Promissory Note issued by Certain Supply
	10.01			Exchange Agreement dated as of March 8, 2021 between MYHI and the Shareholders
	10.02			Employment Agreement dated as March 8, 2021 between MYHI and David Aquino

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