.just a reminder....that first mill will come in very handy...

.just a reminder....that first mill will come in very handy


Under the terms of the Agreement, Avecho grants SAAS a non-transferable, exclusive right to use TPM in the manufacture and distribution of the SAAS product within the recreational market in the US. SAAS will purchase TPM directly from Avecho for an agreed fixed price, which will be manufactured and supplied from Avecho’s Clayton facility. Avecho retains the rights to deal with retail facing recreational cannabis companies that may seek to include TPM in their own products. In addition, Avecho will receive a licence fee calculated by reference to SAAS’ net profits after tax. Avecho will receive 50% of SAAS’ net profit after tax on net sales of the product, which will be paid quarterly. SAAS must pay a minimum licence fee of US$1M within the first 12 months, US$2.5m within the first 2 years and US$5 million within the first 4 years.

I expect quite a few of these deals in the near future.