Humanity Products Inc.: License M11-18-0000267
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Posted On: 05/10/2018 12:06:12 PM
Humanity Products Inc.:
License M11-18-0000267-TEMP:
Medicinal - Distributor Temporary License
Record Status: Active
Expiration Date: 07/12/2018
Humanity Products Inc.
M-Type 6
CDPH-T00000157
San Diego
San Diego
7/28/2018
License and Services Agreement
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
http://humanitymedicine.com/
https://cannabis.ca.gov/check_a_license/
License M11-18-0000267-TEMP:
Medicinal - Distributor Temporary License
Record Status: Active
Expiration Date: 07/12/2018
Humanity Products Inc.
M-Type 6
CDPH-T00000157
San Diego
San Diego
7/28/2018
License and Services Agreement
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
http://humanitymedicine.com/
https://cannabis.ca.gov/check_a_license/
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