Vitalibis, Inc. filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on November 18, 2020. As per the plan filed, administrative claims, professional fee claims, priority tax claims and priority non-tax claims will be paid full in cash. The SBA secured claims of $0.07 million will be paid through equal monthly payments in the amount of $334 per month made by the first business day of each and every month starting on March 1, 2021 and continuing for each and every month thereafter until paid in full at an interests rate of 3.75%. Other secured claims will either be paid through cash or proceeds from sale or disposition of collateral securing the claim. Noteholder claims will be paid through pro rata share of the New Value Contribution. General unsecured trade claims will be paid through the pro rata share of the sum of $2,500. Existing equity interests will be cancelled and receive no distribution while subordinated securities claims will be paid no distribution. The plan will be funded through cash in hand, sale of assets and proceeds from New Value Contribution in the amount of not less than $0.10 million.