Mountain High Acquisitions (MYHI) 10-Q 14 Aug 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2017	Aug. 14, 2017
Document And Entity Information
Entity Registrant Name	Mountain High Acquisitions Corp.
Entity Central Index Key	1,507,181
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		79,879,968
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 17,857	$ 10,399
TOTAL CURRENT ASSETS	17,857	10,399
FIXED ASSETS (NET)	200,000
TOTAL ASSETS	217,857	10,399
CURRENT LIABILITIES
Accounts payable	16,652	23,378
Accrued liabilities	322,500	92,500
Convertible notes payable, net of Beneficial Conversion Feature fully recognized of $487,574	236,844	161,279
Advances from Related Parties	138,945	138,945
TOTAL CURRENT LIABILITIES	714,941	416,102
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY (DEFICIT):
Preferred stock, $0.0001 par value; 250,000,000 shares authorized, 100,000 and nil shares issued and outstanding as of June 30, 2017 and March 31, 2017 respectively	10
Common stock, $0.0001 par value; 500,000,000 shares authorized, 73,291,389 and 72,691,389 shares issued and outstanding of June 30, 2017 and March 31, 2017 respectively	7,329	7,269
Additional paid in capital	8,273,177	5,925,827
Accumulated (deficit)	(8,777,600)	(6,338,799)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(497,084)	(405,703)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 217,857	$ 10,399

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Statement of Financial Position [Abstract]
Beneficial Conversion Feature of Notes payable fully recognized	$ 487,574	$ 487,574
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, authorized	250,000,000	250,000,000
Preferred stock, issued	100,000
Preferred stock, outstanding	100,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	73,291,389	72,691,389
Common stock, outstanding	73,291,389	72,691,389

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Revenue		$ 4,272
Cost of revenue		1,495
Gross profit		2,777
Selling, general and administrative expenses	278,936	105,675
Operating expenses	278,936	105,675
(Loss) from operations	(278,936)	(102,898)
Interest Expense resulting from Beneficial Conversion Feature	(73,500)	(56,550)
Loss on valuation of preferred stock	(2,084,300)
Interest Expense	(2,065)	(4,035)
Net income (loss)	$ (2,438,801)	$ (163,483)
Net Income (loss) per share - basic - continuing operations	$ (0.03)	$ 0
Net Income (loss) per share - diluted - continuing operations	$ (0.03)	$ 0
Weighted average shares outstanding - basic and diluted	72,697,982	36,891,762

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$ (2,438,801)	$ (163,483)
Adjustments to reconcile net loss to net cash used in operating activities:
Changes in Beneficial Conversion Feature on Note payable	73,500	56,550
Changes in Accounts payable	(6,726)	619
Increases in Prepaid		(2,500)
Changes in Fixed Assets	(200,000)
Loss on valuation of Preferred Stock	2,084,300
Changes in Inventory		1,496
Changes in Current liabilities	232,065	29,267
Net cash provided (used) by operating activities	(255,662)	(78,051)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash provided by investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of shares	189,620	29,436
Proceeds from notes payable	73,500	20,000
Net cash provided by financing activities	263,120	49,436
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	7,458	(28,615)
CASH AND CASH EQUIVALENTS, Beginning of the period	10,399	34,988
CASH AND CASH EQUIVALENTS, End of the period	17,857	6,373
Supplemental disclosures of cash flow information
Taxes paid
Interest paid

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Organization and Basis of Presentation	Note 1 - Organization and Basis of Presentation Organization and Line of Business On May 22, 2016 the Company completed the acquisition of Greenlife Botanix ("Greenlife") as detailed in the First Amendment to the Shareholder Agreement dated February 8, 2016. The Company issued 10,000,000 restricted shares of its common stock to the shareholders of Greenlife in exchange for their 100% interest in Greenlife. The shares were valued at the market value on the date of issuance, $0.23, for a total consideration of $2,300,000. The amount paid for Greenlife was recorded as Goodwill due to the start up nature of Greenlife and the minimal net assets of Greenlife at the time of acquisition. Subsequent to the purchase of Greenlife the Company entered into a rescission agreement with Freedom Seed and Feed, "FSF", which impaired the integration of Greenlife and FSF into a fully integrated cosmetic company. Due to the rescission of FSF and the remarketing of the Greenlife product line the Company evaluated the book value of the asset and elected to impair the Goodwill value of Greenlife and expensed the $2,300,000 book value in the year ended March 31, 2017. Greenlife started operations on September 18, 2014.

Going Concern

Going Concern	3 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Going Concern The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has incurred a net loss of $2,438,801 and used cash for operations of $255,662 for the three months ended June 30, 2017 and has an accumulated deficit of $8,777,600 and a working capital deficit of $697,084 as of June 30, 2017. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management plans to continue to raise capital to fund the Company’s operations and believes that it can continue to raise equity or debt financing to support its operations until the Company is able to generate positive cash flow from operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”). The accompanying consolidated financial statements have been presented in United States Dollars ($ or “USD”). The fiscal year end is March 31. Principles of Consolidation The accounts of the Company and its wholly–owned subsidiary GreenLife Botanix are included in the accompanying consolidated financial statements. All intercompany balances and transactions were eliminated on consolidation. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and 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. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. Revenue Recognition In accordance with the Securities and Exchange Commission’s (“SEC”) Staff Accounting Bulletin No. 104, Revenue Recognition Persuasive evidence of an arrangement exists Delivery has occurred The sales price is fixed or determinable Collection is reasonably assured Inventor ies Inventories consisting of cosmetic products are stated at the lower of cost or market. Cost is determined using the first-in, first-out method and are adjusted to actual cost quarterly based on a physical count. Net realizable value is the estimated selling price in the ordinary course of business, less applicable variable selling expenses. Intangible Assets The Company accounts for intangibles in accordance with ASC 350, Intangible-Goodwill and Other. The Company evaluates intangibles, at a minimum, on an annual basis and whenever events and changes in circumstances suggest that the carrying amount may not be recoverable. Impairment of intangibles is tested by comparing the carrying amount to the fair value. The fair values are estimated using undiscounted projected net cash flows. If the carrying amount exceeds its fair value, intangibles are considered impaired and a second step is performed to measure the amount of impairment loss, if any. The Company evaluates the impairment of intangibles as of the end of each fiscal year or whenever events or changes in circumstances indicate that an intangible asset’s carrying amount may not be recoverable. These circumstances include: • a significant decrease in the market value of an asset; • a significant adverse change in the extent or manner in which an asset is used; or • an accumulation of costs significantly in excess of the amount originally expected for the acquisition of an asset. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations. The open tax years are 2011, 2012, 2013, 2014, 2015, 2016 and 2017. The Company has no tax positions at June 30, 2017, or March 31, 2017, for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. Basic and Diluted Loss Per Share Earnings per share is calculated in accordance with the ASC Topic 260, Earnings Per Share Recent Accounting Pronouncements Recent authoritative guidance issued by the FASB (including technical corrections to the FASB Accounting Standards Codification), the American Institute of Certified Public Accountants, and the SEC, did not, or are not expected to have a material effect on the Company’s consolidated financial statements.

Advances from Related Parties

Advances from Related Parties	3 Months Ended
	Jun. 30, 2017
Advances From Related Parties
Advances from Related Parties	Note 3 – Advances from Related Parties At June 30, 2017 and March 31, 2017, $138,945 due to Brent McMahon, former President of GreenLife Botanix, was reclassified from Current Liabilities to Advances from Related Parties. Mr. McMahon is considered a related party due to his common stock position at June 30, 2017.

Equity

Equity	3 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Equity	Note 4 – Equity Common Stock Effective June 12, 2017, the Company increased its authorized shares of common stock to 500,000,000 shares with a par value of $0.0001 per share. The Company has 250,000,000 shares of preferred stock with a par value of $0.0001 per share. During the year ended March 31, 2017 the Company issued 503,334 restricted shares through a private placement at $0.15 per share. On May 22, 2016, The Company issued 10,000,000 restricted shares to the shareholders of Greenlife Botanix pursuant to closing the Share Exchange Agreement dated February 8, 2016. The shares were valued at the fair market trading value, $0.23, on the closing date. The Company issued 353,600 restricted shares to a vendor in lieu of payment of $35,360 that was owed to the vendor at March 31, 2016. The shares were recorded at the fair market value of $0.25 per share or $88,400. The difference in value, $53,040, was written off as a loss on extinguishment of debt in the year ended March 31, 2017. Pursuant to agreements with potential investors, on May 12, 2015 Alan Smith, CEO and a Director, retired 2,000,000 shares he received from the reverse merger referenced above. The share retirement was valued at par $0.0001 per share. On November 1, 2016, the Board of Directors reviewed the share position of the officers and Directors of the Company and granted Richard Stifel, CFO and a Director, 2,500,000 restricted shares of MYHI stock at $.0001 per share. The value of the shares was $164,500 and the Company recorded an expense of $162,000 for shares in lieu of compensation in year ended March 31, 2017. On February 23, 2017, the Company issued 3,000,000 shares of restricted common stock valued at $71,700, the fair value of the stock, pursuant to a consulting contract dated October 11, 2016 with Clearview Consulting for services rendered. During the year ended March 31, 2017, the Company converted $506,587 of Convertible Notes Payable into 33,772,455 shares of restricted common stock at $0.015 per share per the conversion agreements. Included in this conversion were $192,667 of Convertible Notes Payable for notes held by the Officers and Directors of the Company. which were converted into 12,844,440 shares of restricted common stock, 4,888,958 shares to Richard G. Stifel, CFO and Director and 7,955,482 shares to Alan Smith, CEO and Director. On June 12, 2017, the Company issued 100,000 shares of Series B Convertible Preferred stock to an outside consulting firm for consulting services, valued at $109,700, which was recorded as consulting fees in the three months ended June 30, 2017. Due to the super voting provision of the Series B Convertible Preferred stock the Company recorded a loss on valuation of the shares of $2,084,300, the equivalent to 20,000,000 less the associated consulting expense of $109,700. On June 30, 2017 the Company issued 600,000 pursuant to consulting agreements with outside consultants for services rendered during the three months ended June 30, 2017. The services were valued at $79,920 based on the closing bid on the date of issue. There were no shares issued for consulting services for the three months ended June 30, 2016 . Warrants There were no warrants issued and outstanding as of June 30, 2017,

Income Taxes

Income Taxes	3 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 5 – Income Taxes The Company accounts for income taxes using the asset and liability approach in accounting for income taxes. Under this approach, deferred tax assets and liabilities are recognized based on anticipated future tax consequences, using currently enacted tax laws, attributable to temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts calculated for income tax purposes. The Company has federal net operating loss carryforwards of approximately $4,204,894 expiring in various years through 2037. The tax benefit of these net operating losses has been offset by a full allowance for realization. The use of the net operating loss carryfowards may be limited due to a change in control. Income tax expense (benefit) consists of the following for the three months ended June 30, 2017: Current taxes $ — Deferred taxes 124,075 Less: valuation allowance (124,075 ) Net income tax provision $ — The Company’s effective tax rate differs from the high statutory rate for the three months ended June 30, 2017, due to the following (expressed as a percentage of pre-tax income): Federal taxes at statutory rate $ 34.0 % State taxes, net of federal tax benefit 5.0 % Valuation allowance (39.0 %) Effective income tax rate $ 0.0 % As of June 30, 2017, the components of these temporary differences and the deferred tax asset were as follows: Deferred Tax assets: Net operating loss carryforward $ 935,279 Less: valuation allowance (935,279 ) Net deferred tax assets $ —

Notes Payable

Notes Payable	3 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Notes Payable	Note 6 - Notes Payable At June 30, 2017 the Company had outstanding convertible notes payable to third parties in the amount of $236,843. Each note had interest rates of 3%-5% and had a conversion provision allowing the holder to convert the note into shares of the Company at a discount. The discount varied from 70% of the trading value at the conversion date to the lower of 80% of the share value on the conversion date or $0.015 or $0.03. This is referred to as the Beneficial Conversion Feature, "BCF". Due to the fact that the notes could be converted immediately or any time thereafter, there is no amortization of expense, so the Company has elected to record an expense in the current year for the difference between the "BCF and the share value on the date the note was executed. This resulted in an expense of $73,500 and $56,550 for the three months ended June 30, 2017 and 2016 respectively. The following details outstanding convertible notes as of June 30, 2017: Mountain High Acquisition Corp. Convertible Notes Payable June 30, 2017 Note Holder Amount Conversion terms Axiom Financial, Inc. 5,112.95 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Broad Wind LLC 25,564.76 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Andrew Ceravasio 10,217.58 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Conner Preston 10,217.58 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion EROP Capital 10,224.52 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Fourth Street Fund 10,260.71 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Fourth Street Fund 3,490.52 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Laurence Gershman 10,217.58 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Jo Ann Davidson 12,862.75 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Loma Mgmt. Partners LLC 10,221.74 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Micaddan Mrkt. Consultants 10,224.52 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Millennial Investments LLC 5,112.95 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Paul Mannion 10,302.71 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Power Up 73,546.04 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Rob Davidson 8,817.51 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Saeb Jannoun Revocable Trust 20,449.03 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion 236,843.45

Related Party Transactions

Related Party Transactions	3 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Note 7 - Related Party Transactions On April 1, 2016, the Company executed consulting agreements with Alan Smith, CEO, and Richard Stifel, CFO for administrative services for the Company. Mr. Stifel and Mr. Smith were each paid $7,500.00 and $0.00 during the three months ended June 30, 2017 and 2016 respectively pursuant to the agreements.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8 – Commitments and Contingencies On June 30, 2017 the Company executed a secured convertible note for $346,000, payable in 3 tranches, over 30 day increments. The first tranche in the amount of $181,000 less an $21,000 Original Issue Discount for a net amount of $160,000, was received on July 6, 2017. The two subsequent tranches will be received 30 and 60 days from this date. On June 30, 2017, the Company, through its wholly owned subsidiary MYHI-AZ, entered into an equipment purchase agreement and a lease agreement with D9 Manufacturing Inc. The purchase agreement is for the acquisition of 2 intermodal steel cultivation containers to be used in D9’s Arizona operations. The lease agreement has a 3 year term and provides for base rent payments plus reimbursement for operating costs associated with operations. The Company also entered into an Memorandum Agreement with D9 on June 22, 2017 that provides for additional shares to be issued relative to crop harvests and sales. The Memorandum Agreement called for an initial issue of 250,00 shares, however due to delays in the installation of the equipment the parties verbally agreed to postpone the initial issue until the containers were installed and operation begun. The containers are projected to be operational by the middle of August 2017.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	Note 9 – Subsequent Events On July 25, 2017, the Company executed a Convertible Promissory Note in the amount of $63,000. The proceeds will be used for working capital requirements for the current fiscal quarter.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”). The accompanying consolidated financial statements have been presented in United States Dollars ($ or “USD”). The fiscal year end is March 31.
Principles of Consolidation	Principles of Consolidation The accounts of the Company and its wholly–owned subsidiary Canna-Life and GreenLife Botanix are included in the accompanying consolidated financial statements. All intercompany balances and transactions were eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and 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. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less.
Revenue Recognition	Revenue Recognition In accordance with the Securities and Exchange Commission’s (“SEC”) Staff Accounting Bulletin No. 104, Revenue Recog nition , the Company will recognize revenue when it is realized or realizable and earned. The Company must meet all of the following four criteria under SAB 104 to recognize revenue: Persuasive evidence of an arrangement exists Delivery has occurred The sales price is fixed or determinable Collection is reasonably assured
Inventories	Inventories Inventories consisting of cosmetic products are stated at the lower of cost or market. Cost is determined using the first-in, first-out method an
Intangible Assets	Intangible Assets The Company accounts for intangibles in accordance with ASC 350, Intangible-Goodwill and Other. The Company evaluates intangibles, at a minimum, on an annual basis and whenever events and changes in circumstances suggest that the carrying amount may not be recoverable. Impairment of intangibles is tested by comparing the carrying amount to the fair value. The fair values are estimated using undiscounted projected net cash flows. If the carrying amount exceeds its fair value, intangibles are considered impaired and a second step is performed to measure the amount of impairment loss, if any. The Company evaluates the impairment of intangibles as of the end of each fiscal year or whenever events or changes in circumstances indicate that an intangible asset’s carrying amount may not be recoverable. These circumstances include: • a significant decrease in the market value of an asset; • a significant adverse change in the extent or manner in which an asset is used; or • an accumulation of costs significantly in excess of the amount originally expected for the acquisition of an asset.
Income Taxes	Income Taxes The Company accounts for income taxes in accordan Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations. The open tax years are 2011, 2012, 2013, 2014, and 2015. The Company has no tax positions at June 30, 2016, or March 31, 2016, for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.
Basic and Diluted Loss Per Share	Basic and Diluted Loss Per Share Earnings per share is calculated in accordance with the ASC Topic 260, Earnings Per Share
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recent authoritative guidance issued by the FASB (including technical corrections to the FASB Accounting Standards Codification), the American Institute of Certified Public Accountants, and the SEC, did not, or are not expected to have a material effect on the Company’s consolidated financial statements.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	Current taxes $ — Deferred taxes 124,075 Less: valuation allowance (124,075 ) Net income tax provision $ —
Effective tax rate reconciliation	Federal taxes at statutory rate $ 34.0 % State taxes, net of federal tax benefit 5.0 % Valuation allowance (39.0 %) Effective income tax rate $ 0.0 %
Deferred tax assets	Deferred Tax assets: Net operating loss carryforward $ 935,279 Less: valuation allowance (935,279 ) Net deferred tax assets $ —

Notes Payable (Tables)

Notes Payable (Tables)	3 Months Ended
	Jun. 30, 2017
Notes Payable Tables
Outstanding convertible notes	Mountain High Acquisition Corp. Convertible Notes Payable June 30, 2017 Note Holder Amount Conversion terms Axiom Financial, Inc. 5,112.95 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Broad Wind LLC 25,564.76 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Andrew Ceravasio 10,217.58 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Conner Preston 10,217.58 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion EROP Capital 10,224.52 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Fourth Street Fund 10,260.71 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Fourth Street Fund 3,490.52 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Laurence Gershman 10,217.58 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Jo Ann Davidson 12,862.75 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Loma Mgmt. Partners LLC 10,221.74 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Micaddan Mrkt. Consultants 10,224.52 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Millennial Investments LLC 5,112.95 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Paul Mannion 10,302.71 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Power Up 73,546.04 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion Rob Davidson 8,817.51 Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion Saeb Jannoun Revocable Trust 20,449.03 Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion 236,843.45

Organization and Basis of Pre19

Organization and Basis of Presentation (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2016	May 22, 2016
Greenlife Acquisition
Restricted shares issued to Greenlife shareholders	10,000,000
Interest in Greenlife acquired			100.00%
Market value of shares on date of issuance, per share			$ 0.23
Value of restricted shares issued		$ 2,300,000
Impairment of goodwill value expensed		$ 2,300,000

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ (2,438,801)	$ (163,483)
Net cash used in operating activities	(255,662)	$ (78,051)
Accumulated deficit	(8,777,600)		$ (6,338,799)
Working capital deficit	$ (697,084)

Advances from Related Parites (

Advances from Related Parites (Details Narrative) - USD ($)	Jun. 30, 2017	Mar. 31, 2017
Debt Disclosure [Abstract]
Due to related parties reclassified to Advances from Related Parties	$ 138,945	$ 138,945

Equity - Common Stock (Details

Equity - Common Stock (Details Narrative) - USD ($)	Jun. 30, 2017	Jun. 12, 2017	Feb. 24, 2017	Nov. 02, 2016	Mar. 31, 2016	Mar. 31, 2017	May 22, 2016
Equity [Abstract]
Common stock, authorized	500,000,000					500,000,000
Common stock, par value	$ 0.0001					$ 0.0001
Preferred stock, authorized	250,000,000					250,000,000
Preferred stock, par value	$ 0.0001					$ 0.0001
Restricted shares issued through private placement, shares						503,334
Restricted shares issued through private placement, per share						$ 0.15
Restricted shares issued to Greenlife shareholders					10,000,000
Market value of shares on date of issuance, per share							$ 0.23
Shares issued in lieu of payment owed to vendor, shares						353,600
Payment owed to vendor						$ 35,260
Shares issued in lieu of payment owed to vendor, amount						$ 88,400
Shares issued in lieu of payment owed to vendor, fair market value per share						$ 0.25
Difference in value written off as loss on extinguishment of debt						$ 53,040
Retire shares from reverse merger, shares						(2,000,000)
Grants of restricted stock, shares			3,000,000	2,500,000
Grants of restricted stock, price per share			$ 71,700	$ 0.0001
Grants of restricted stock, value				$ 164,500
Expense recorded for shares in lieu of compensation						$ 162,000
Conversion of Convertible Notes Payable, amount						$ 506,587
Conversion of Convertible Notes Payable, shares						33,772,455
Conversion of Convertible Notes Payable, price per share						$ 0.015
Portion of Convertible Notes Payable converted held by Officers and Directors of Company, amount						$ 192,667
Portion of Convertible Notes Payable converted held by Officers and Directors of Company, shares						12,844,440
Series B Convertible Preferred stock issued for consulting services, shares		100,000
Series B Convertible Preferred stock issued for consulting services, value		$ 109,700
Loss on valuation of shares recorded		$ 2,084,300
Common stock issued pursuant to consulting agreements, shares	600,000
Common stock issued pursuant to consulting agreements, value	$ 79,920

Income Taxes - Income tax expen

Income Taxes - Income tax expense (benefit) (Details)	3 Months Ended
	Jun. 30, 2017USD ($)
Income Tax Disclosure [Abstract]
Current taxes
Deferred taxes	124,075
Less: valuation allowance	(124,075)
Net income tax provision

Income Taxes - Effective tax ra

Income Taxes - Effective tax rate reconciliation (Details)	3 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Federal taxes at statutory rate	34.00%
State taxes, net of federal tax benefit	5.00%
Valuation allowance	(39.00%)
Effective income tax rate	0.00%

Income Taxes - Deferred tax ass

Income Taxes - Deferred tax assets (Details)	Jun. 30, 2017USD ($)
Deferred Tax assets:
Net operating loss carryforward	$ 935,279
Less: valuation allowance	(935,279)
Net deferred tax assets

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	Jun. 30, 2017USD ($)
Income Tax Disclosure [Abstract]
Operating loss carryforwards	$ 4,204,894

Notes Payable - Outstanding con

Notes Payable - Outstanding convertible notes (Details)	3 Months Ended
	Jun. 30, 2017USD ($)
Axiom Financial, Inc.
Amount	$ 5,113
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Broad Winds LLC
Amount	$ 25,565
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Andrew Cervasio
Amount	$ 10,218
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Conner Preston
Amount	$ 10,218
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
EROP Capital
Amount	$ 10,225
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Fourth Street Fund (1)
Amount	$ 10,261
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Fourth Street Fund (2)
Amount	$ 3,491
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Laurence Greshman
Amount	$ 10,218
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Jo Ann Davidson
Amount	$ 12,863
Conversion terms	Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion
Loma Mgmt. Partners LLC
Amount	$ 10,222
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Micaddan Mrkt. Consultants
Amount	$ 10,225
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Millennial Investments LLC
Amount	$ 5,113
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Paul Mannion
Amount	$ 10,303
Conversion terms	Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion
Power Up
Amount	$ 73,546
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Rob Davidson
Amount	$ 8,818
Conversion terms	Lesser of $0.015 or 70% lowest closing bid 15 days prior to conversion
Saeb Jannoun Revocable Trust
Amount	$ 20,449
Conversion terms	Lesser of $0.03 or 80% lowest closing bid 15 days prior to conversion
Total
Amount	$ 236,843

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	3 Months Ended	81 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Debt Disclosure [Abstract]
Expense for difference between Beneficial Conversion Feature and share value	$ 73,500	$ 56,550

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CFO
Amounts paid pursuant to consulting agreements for administrative services	$ 7,500	$ 0
CEO
Amounts paid pursuant to consulting agreements for administrative services	$ 7,500	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	Jun. 30, 2017USD ($)
Commitments And Contingencies Details Narrative
Secured convertible note, amount	$ 346,000
First tranche received, net	160,000
Original Issue Discount	$ 21,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Jul. 25, 2017USD ($)
Subsequent Events Details Narrative
Convertible promissory note, proceeds received	$ 63,000