Why are we talking about if there is a Mexico deal
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Posted On: 04/09/2018 11:16:58 PM
Why are we talking about if there is a Mexico deal when it is my understanding they have a contract:
Record Contract. In December 2017, Rocky Mountain High Brands announced a private label relationship that, upon completion, serves as the largest contract in our Company history. The Company entered into a three-year Master Manufacturer Agreement with CBD Alimentos SA de CV (“CBD”), a food and beverage distributor based in Mexico. During the term of the agreement, CBD has the exclusive right to distribute in Mexico the Company’s energy and soft drinks with hemp seed extract. In return, CBD will utilize the Company as its exclusive supplier of its hemp-infused drinks.
According to Reuters Health News on December 20, 2017, Mexico will legalize marijuana-based product sales in early 2018, which will pave the way for our products to be distributed and sold in Mexico (https://www.reuters.com/article/us-mexico-marijuana/mexico-to-legalize-marijuana-based-product-sales-next-year-idUSKBN1EF022.)
CBD’s initial purchase order will be 8,000,000 cans, worth up to an estimated $3,600,000 in revenue for the Company during late first quarter or early second quarter of 2018. The 2018 volume requirement is 16,000,000 cans including the initial purchase order. This translates to revenue for RMHB of up to an estimated $7,200,000 in 2018 under this contract.
Record Contract. In December 2017, Rocky Mountain High Brands announced a private label relationship that, upon completion, serves as the largest contract in our Company history. The Company entered into a three-year Master Manufacturer Agreement with CBD Alimentos SA de CV (“CBD”), a food and beverage distributor based in Mexico. During the term of the agreement, CBD has the exclusive right to distribute in Mexico the Company’s energy and soft drinks with hemp seed extract. In return, CBD will utilize the Company as its exclusive supplier of its hemp-infused drinks.
According to Reuters Health News on December 20, 2017, Mexico will legalize marijuana-based product sales in early 2018, which will pave the way for our products to be distributed and sold in Mexico (https://www.reuters.com/article/us-mexico-marijuana/mexico-to-legalize-marijuana-based-product-sales-next-year-idUSKBN1EF022.)
CBD’s initial purchase order will be 8,000,000 cans, worth up to an estimated $3,600,000 in revenue for the Company during late first quarter or early second quarter of 2018. The 2018 volume requirement is 16,000,000 cans including the initial purchase order. This translates to revenue for RMHB of up to an estimated $7,200,000 in 2018 under this contract.
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