Following is two quotes from articles. The first is from the Globe Newswire dated Jan 23/19 " RMHB update on Agreement with CBD Life."
The second is the sec.gov 8k dated jan 25/19 the Co-packing agreement with Optimus Fulfill. LLC
Globe Newswire
So as of Jan 22/19 everything was ordered, the bank acct. opened and the packing agreement signed.
sec.gov 8k Jan 25/19
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Go RMHB Up Up and Away.
GLTA
The second is the sec.gov 8k dated jan 25/19 the Co-packing agreement with Optimus Fulfill. LLC
Globe Newswire
Quote:The Univision story will air in February, after the reporters film the first production run of Rocket High, California Lemonade and California Black Tea beverages for CBD Life.”
As of January 22, 2019, the Company has:
Established the required separate bank account per our Master Manufacturing Agreement.
Entered into a five-year co-packing agreement with Optimus Fulfill, LLC in Coppell, Texas.
Ordered aluminum cans for the production run.
Ordered labels for the production run.
Ordered packaging materials for production.
Ordered standard ingredients for the production run.
Ordered the specialty ingredients for the production run, including CBD.
Currently, the production run is scheduled. The finished beverages will be delivered to CBD Life immediately after production..
So as of Jan 22/19 everything was ordered, the bank acct. opened and the packing agreement signed.
sec.gov 8k Jan 25/19
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So in my opinion, with this agreement signed it is very unlikely that production would be delayed.Quote:color=red]Production Scheduling
a.
Each month OFL will set a production schedule for the next month allocating production line time for each customer based on production needs and information provided by each customer in advance. Unless RMHB and OFL mutually agree upon a different procedure, RMHB will provide, on the 15th day of each month, a rolling schedule of production for the Products for the following three (3) months. The next immediate full month will be a firm commitment, while the remaining two months will be non-binding estimates.
b.
RMHB may request alterations to the production schedule provided to OFL, provided, however, that requests for schedule changes for a production run are received one (1) full week prior to the date on which the previously scheduled production run was to take place. OFL will try to accommodate RMHB schedule requests and changes, but changes are not guaranteed. Any loss of line time and changeover time caused by RMHB failure to give the required notice of any change to the production schedule will be billed to RMHB at the rate of $500 per hour for any lost scheduled time.[/color]
Go RMHB Up Up and Away.
GLTA
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