January 2, 2018-"Three San Diego businesses have g
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Posted On: 04/26/2018 12:58:22 AM
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January 2, 2018-"Three San Diego businesses have gotten licenses to manufacture cannabis concentrates. They appear to be part of a group of cannabis businesses with special permission to continue operating in the city."
Three San Diego businesses have secured temporary state licenses to manufacture cannabis concentrates, thanks to a special grace period granted to them by the City Council one year ago.
The businesses, Allegiance Wellness Center Inc., Humanity Products Inc. and Vista Prime Management, LLC, are all licensed for so-called "nonvolatile extraction." This method uses tools such as water, carbon dioxide or glycerin to extract concentrated oil from the cannabis plant.
The city of San Diego is currently processing more than 60 applications for permits to operate "marijuana production facilities" that will cultivate, manufacture and distribute cannabis and its byproducts. These businesses have to go through an extensive review by the city's Development Services Department, and a maximum of 40 permits can be issued.
However a handful of cannabis-related businesses were granted special permission to keep operating in San Diego for two years if they held a business tax certificate prior to Jan. 31, 2017. That was when the City Council voted to "grandfather in" non-retail cannabis businesses that had been operating in a quasi-legal environment before the city had figured out how to regulate the cannabis supply chain.
http://www.kpbs.org/news/2018/jan/02/cannabis...san-diego/
On April 9, 2018, the Company verbally agreed to enter into a License and Services Agreement with Humanity Holdings Inc. and Humanity Products, Inc. (collectively “Humanity Holdings”). Humanity Holdings currently operates a manufacturing and distribution facility, licensed by the state of California, through which it engages in the sale and distribution of various cannabis related products. The Company granted Humanity Holdings a non-exclusive license to manufacture, sell, and distribute products within California using proprietary product formulations owned or licensed by the Company. The Company agreed to issue Humanity Holdings shares of Common Stock worth $25,000 on the 45 th day following the effective date of the agreement. This is in exchange for Humanity Holdings not contracting with a competitor of the Company who provides formulation services, smart vape device hardware and related software applications to its network, product branding or access to reporting from its data set that ties a user’s experience to a chemical profile of the product they are consuming. Humanity Holdings will pay 20% of net sales to the Company as a support services fee and 30% of net sales to the Company as a royalty.
https://backend.otcmarkets.com/otcapi/company...ntent/html
Three San Diego businesses have secured temporary state licenses to manufacture cannabis concentrates, thanks to a special grace period granted to them by the City Council one year ago.
The businesses, Allegiance Wellness Center Inc., Humanity Products Inc. and Vista Prime Management, LLC, are all licensed for so-called "nonvolatile extraction." This method uses tools such as water, carbon dioxide or glycerin to extract concentrated oil from the cannabis plant.
The city of San Diego is currently processing more than 60 applications for permits to operate "marijuana production facilities" that will cultivate, manufacture and distribute cannabis and its byproducts. These businesses have to go through an extensive review by the city's Development Services Department, and a maximum of 40 permits can be issued.
However a handful of cannabis-related businesses were granted special permission to keep operating in San Diego for two years if they held a business tax certificate prior to Jan. 31, 2017. That was when the City Council voted to "grandfather in" non-retail cannabis businesses that had been operating in a quasi-legal environment before the city had figured out how to regulate the cannabis supply chain.
http://www.kpbs.org/news/2018/jan/02/cannabis...san-diego/
On April 9, 2018, the Company verbally agreed to enter into a License and Services Agreement with Humanity Holdings Inc. and Humanity Products, Inc. (collectively “Humanity Holdings”). Humanity Holdings currently operates a manufacturing and distribution facility, licensed by the state of California, through which it engages in the sale and distribution of various cannabis related products. The Company granted Humanity Holdings a non-exclusive license to manufacture, sell, and distribute products within California using proprietary product formulations owned or licensed by the Company. The Company agreed to issue Humanity Holdings shares of Common Stock worth $25,000 on the 45 th day following the effective date of the agreement. This is in exchange for Humanity Holdings not contracting with a competitor of the Company who provides formulation services, smart vape device hardware and related software applications to its network, product branding or access to reporting from its data set that ties a user’s experience to a chemical profile of the product they are consuming. Humanity Holdings will pay 20% of net sales to the Company as a support services fee and 30% of net sales to the Company as a royalty.
https://backend.otcmarkets.com/otcapi/company...ntent/html
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