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Home 🌿 Medical Cannabis News 🌿 Wildflower Adds New Joint Venture Partner for US Market 🌿

Wildflower Adds New Joint Venture Partner for US Market

Submitted by Marijuana News on Thu, 04/16/2015 - 10:18

Vancouver, British Columbia, April 13, 2015: Wildflower Marijuana Inc. (CSE:SUN) (the “Company”) has signed a Letter of Intent with a manufacturer of cannabis e-juice. The Joint Venture is established to develop a line of e-juice products for Wildflower. The Joint Venture partner is currently a licensed Tier 3 producer and processor in the State of Washington.

Pursuant to the Joint Venture Wildflower will grant an exclusive license to manufacture, market and sell certain products, recipes, and promotional materials under the Wildflower brand in the State of Washington. As part of the agreement, Wildflower will issue 400,000 shares and pay $85,000 to its Joint Venture partner. In consideration, Wildflower will receive a licensing fee equal to 20% of the gross sales of Wildflower branded products.

Wildflower’s new joint venture partner specializes in the manufacture of cannabis e-juice/ vaporized delivery systems market sector. E-juice is a concentrated form of cannabis juice that...

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URL: 
http://wildflower.ca/press/

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