Jacksam Corporation announced unaudited earnings results for the six months ended June 30, 2018. For the period, the company reported sales was $3,352,227 against $850,857 a year ago. Loss from operations was $348,910 against $59,731 a year ago. Net loss was $415,238 against $108,438 a year ago. Net cash used in operating activities was $1,040,598 against $173,390 a year ago.

Effective September 14, 2018, the board of directors of the company has approved a change to the fiscal year end from September 30, which was used in most recent filing with the SEC, to December 31 of each year, which is the fiscal year of Jacksam.

On September 14, 2018, China Grand Resorts Inc.'s wholly-owned subsidiary, Jacksam Acquisition Corp. merged with and into Jacksam Corporation. On September 14, 2018, or the Closing Date, the Company, Acquisition Sub and Jacksam entered into an Agreement and Plan of Merger and Reorganization, or the Merger Agreement, which closed on the same date. Pursuant to the terms of the Merger Agreement, Jacksam merged with and into Acquisition Sub, and Acquisition Sub became the surviving corporation and changed its name to Jacksam Corporation. On the Closing Date, Mr. Bryan Glass, the company's sole director before the Merger, resigned from his position as a director, and Daniel Davis (as Chairman), Mark Adams, Scott Wessler, and Theodore Winston, were appointed to the board of directors. Also on the Closing Date, Mr. Bryan Glass, the company's Chief Executive Officer, and principal executive, secretary, and financial and accounting officer for SEC reporting purposes before the Merger, resigned from these positions, and Mark Adams` was appointed as Chief Executive Officer and President, Michael Sakala was appointed as Chief Financial Officer and Treasurer and Secretary by board of directors. Mark Adams will be principal executive officer and Michael Sakala will be principal financial and accounting officer for SEC reporting purposes.