torontomeds
Well-Known Member
A lot more news like this to come in the following weeks. I have a shit ton of insider info I am not at liberty to speak of, but you all will be shocked in the next few months, all your Cannabis heros will be selling out and partnering with LP's
Rare Dankness will headline Maricann Group Inc.'s offering to the recreational market.
Summary of the Exclusivity Agreement
The Exclusivity Agreement provides Maricann with exclusive distribution and retail rights for the Canadian markets for specified Rare Dankness Genetics and Products for a five year term, subject to Maricann meeting minimum wholesale targets each year or paying an exclusivity fee and a right of first refusal to act as RD's exclusive distributor for the products in Europe.
In consideration for the exclusivity, Maricann has agreed to provide RD with the following consideration:
Rare Dankness will headline Maricann Group Inc.'s offering to the recreational market.
Summary of the Exclusivity Agreement
The Exclusivity Agreement provides Maricann with exclusive distribution and retail rights for the Canadian markets for specified Rare Dankness Genetics and Products for a five year term, subject to Maricann meeting minimum wholesale targets each year or paying an exclusivity fee and a right of first refusal to act as RD's exclusive distributor for the products in Europe.
In consideration for the exclusivity, Maricann has agreed to provide RD with the following consideration:
- A signing fee of USD $500,000;
- Grant of C$250,000 in warrants on the date of signing and on the first and second anniversary date of the Exclusivity Agreement exercisable at the market price at close of markets on the preceding day
- A profit sharing arrangement on the sale of the products by Maricann.