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Orchid Ventures, Inc.: Orchid Ventures Enters into an Exclusive Licensing Agreement with Weedbox to Launch the Orchid Brand Throughout Canada / ORCHID VENTURES, INC. (CSE:ORCD)(OTC PINK:ORVRF) (the Company or Orchid ), a multi-state cannabis innovation company, announces that it has entered into a licensing agreement with Weedbox, a licensed Canadian cannabis retail and technology company. The licensing agreement states that Weedbox has secured the exclusive Canadian rights to manufacture, market and sell the Orchid Brand of clean vaporizer hardware that has been emissions tested against the most stringent standards in the world set forth by the EU. As per terms of the agreement, Weedbox will pay Orchid Brands a royalty on all net sales for a period of 10 years with an auto renewal for 5 years thereafter. As part of the agreement Weedbox will purchase proprietary hardware from Orchid s wholly owned subsidiary, PurTec Delivery Systems and will have access to Pu ....
Press release content from Accesswire. The AP news staff was not involved in its creation. Orchid Ventures Enters into an Exclusive Licensing Agreement with Weedbox to Launch the Orchid Brand Throughout Canada February 3, 2021 GMT VANCOUVER, WA / ACCESSWIRE / February 3, 2021 / ORCHID VENTURES, INC. (CSE:ORCD)(OTC PINK:ORVRF) (the “Company” or “Orchid”), a multi-state cannabis innovation company, announces that it has entered into a licensing agreement with Weedbox, a licensed Canadian cannabis retail and technology company. The licensing agreement states that Weedbox has secured the exclusive Canadian rights to manufacture, market and sell the Orchid Brand of clean vaporizer hardware that has been emissions tested against the most stringent standards in the world set forth by the EU. As per terms of the agreement, Weedbox will pay Orchid Brands a royalty on all net sales for a period of 10 years with an auto renewal for 5 years thereafter. As part of the a ....