Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On February 10, 2020, the Board of Directors (the "Board") of GL Brands, Inc.
(the "Company") approved a change in fiscal year end of the Company from June
30th to December 31st. The Board's decision to change the fiscal year end was
related to the Company's recent acquisition of ECS Labs LLC ("ECS").
The Company, as the parent of ECS, is a holding company of operating
subsidiaries, and the year-end of ECS is December 31st. Therefore, to more
closely align the Company's operations and systems with that of its wholly-owned
subsidiary, the Board approved the change in the Company's fiscal year end to
December 31st.
The Company will file a transition report on Form 10-K covering the transition
period from July 1, 2019 to December 31, 2019, which is the period between the
closing of the Company's most recent fiscal year and the opening date of the
Company's newly selected fiscal year.
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GL BRANDS, INC. 
