TADA, On January 22, 2019, we entered into a Co
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On January 22, 2019, we entered into a Co-Packing Agreement (the “Agreement”) with Optimus Fulfill LLC (“Optimus”), a
Dallas, Texas firm in the business of producing, processing and packaging teas, juices, and other beverages. Under the Agreement,
Optimus will mix, process, sample, test, pack, code, store, handle, and stage shipping for our beverage products to specifications.
Optimus will produce our HEMP, Rocket High, California Black Tea and Lemonade, Rocky Mountain High, and Green Lotus lines
of beverages. Payments to Optimus for product productions runs will be paid 50% upon our purchase order and 50% upon
completion. Productions runs are to be scheduled on the 15 th of each month, with a rolling 3 month production schedule to be
provided with each monthly schedule. Fees to Optimus will be paid on a per-can basis as set forth in Agreement, with the fee per-can
to be based on the size of each ordered production run.
The foregoing discussion is a summary of the material terms of the Agreement described herein. The Agreement contains
additional terms, covenants and conditions and should be reviewed in its entirety for additional information.
Addendum to Master Manufacturer Agreement with CBD-Alimentos SA de CV
On January 23, 2019, we executed a Second Addendum (the “Addendum”) to our Master Manufacturer Agreement with
CBD-Alimentos SA de CV (“CBD-Alimentos”). Under a Master Manufacturer Agreement dated December 4, 2017, we are the
exclusive supplier of hemp-infused beverages to CBD-Alimentos in Mexico. Under the Addendum, our Master Manufacturer
Agreement will be assigned from CBD-Alimentos to a related company, CBD Life S.A. DE C.V. (“CBD Life”) In addition, the
Addendum calls for us to meet and confer with CBD Life before April 30, 2019 to discuss and determine CBD Life’s product
purchase requirements for the remainder of 2019 and beyond.
GO RMHB,
Cheers