Posted On: 11/26/2013 11:56:03 AM
Post# of 36729
Re: AmericanSavage #13700
On that theme, here's what Mayor said in the 11/05 conference call about product sales in regard to wholesale and retail:
"At no point does SK3 or its subsidiaries ever own the medicines.
"We have management contracts in place to provide various managerial services and licenses to collectives that own or manufacture the medicines.
"Our management contracts are a) with retail managed collectives that sell directly to patients and b) with wholesale managed collectives that take the raw material, that contains the medicine, and manufacture it into finished products, licensed in respect to manufacturing and marketing, and then sell these finished products to other dispensaries.
"The wholesale managed collectives pay us a license fee for the intellectual property rights of products and processes for the creation of products such as Dharmanol and Canna-Loz, (which) license includes the right to use the name of the product and the formula for producing it.
"Now, a great deal of time, effort and expertise have gone into developing these production methods so that they result in consistent products.
The beauty behind this whole thing, Darrell, is that we're exploiting these assets as licensors and consultants in the industry."
ps. welcome back
"At no point does SK3 or its subsidiaries ever own the medicines.
"We have management contracts in place to provide various managerial services and licenses to collectives that own or manufacture the medicines.
"Our management contracts are a) with retail managed collectives that sell directly to patients and b) with wholesale managed collectives that take the raw material, that contains the medicine, and manufacture it into finished products, licensed in respect to manufacturing and marketing, and then sell these finished products to other dispensaries.
"The wholesale managed collectives pay us a license fee for the intellectual property rights of products and processes for the creation of products such as Dharmanol and Canna-Loz, (which) license includes the right to use the name of the product and the formula for producing it.
"Now, a great deal of time, effort and expertise have gone into developing these production methods so that they result in consistent products.
The beauty behind this whole thing, Darrell, is that we're exploiting these assets as licensors and consultants in the industry."
ps. welcome back
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