INCC EEZ-AWAY™ OTC Drug Single Application CB
Post# of 102935
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EEZ-AWAY™ is the first BPF product to use PureForm CBDTM. 100% Nature-Identical CBD. The exact same molecule, every time. No THC or any other hallucinogens are ever present in starting materials or finished product.
Since PureForm CBDTM is manufactured in their labs, where there are no production capacity constraints due to crop damage or limitations of any kind; No hemp or cannabis-based regulatory constraints; No: Toxic Impurities, Heavy Metals, Pesticides, Neurotoxins, or Mycotoxins. No Variability in Product Quality.
CBD is cannabidiol, one of 140 cannabinoids -naturally occurring compounds found in cannabis plants. CBD is cannabidiol, one of 140 cannabinoids -naturally occurring compounds found in cannabis plants. Generally speaking, Research supports CBD's benefits in a range of conditions.
Terms of the Deal: $5MM in Preferred Z shares (4mm A. Uccello / 1MM C.J. Ornburg); Preferred Z shares are not convertible to the Company's common shares.
Sales Milestones and Bonus Structure
Sales Bonus Shares
Year 1= $5,266,499 1mm Preferred Z shares
Year 2= $20,180,835 2mm. Preferred Z shares
Year 3=$ 36,800,835 3mm Preferred Z shares
Year 4= $ 53,420,835 4mm Preferred Z shares
INCC anticipates launching the Company's National Go-To-Market strategy on July 1, 2021 through Blue Plant Farms' sales and distribution contract with a 90,000-member convenience store association, with initial goals calling for insertion of products into 5,000 convenience stores over the next 24 months.
Valuation Econometrics was engaged by INCC to value BPF on the merits of its contract for implementation of 5,000 C-stores and only the (1) EEZ-AWAY™ product. This valuation does not include any other products or distribution channels including additional C-stores.
In addition, INCC today announced the addition of Thomas J. Megale, CPA to the Company's board of directors, joining Antonio Uccello - CEO and Chairman of the Board, and Jeffrey Ornburg - Director.