Bots Inc (BTZI)

[lesgetrich]

Here's some more points of interest on the PNTV agreement. The funding source is a company that owns a chain of dispensaries...

2. Other Conditions

a. The Company will utilize its available resources to provide marketing services to RxMM that may include up to 10 Dispensaries, Cultivation, Products and Technology for a period of 3 years from the closing of this Definitive Agreement at a cost based on the pass through of actual cost to PNTV.

b. This includes setting up digital channels for the RxMM’s various holdings on the WeedTV.com platform, with all professional services rendered as a pass through at their actual cost. These services include, but are not limited; to production, marketing and distribution services of content as outlined in the LOI at a 50% discount.

c. All press releases will be mutually agreed prior to release, however no information in a release will be unreasonably withheld and will comply with Forward Looking Statement disclosures.

This is similar to the mCig deal. Also...

3. Due Diligence Period. RxMM has requested and received all documents related to this transaction and is fully satisfied with due diligence review of the business, financial statements, assets and prospects of the Company and the Entities from the date of the Letter of intent until the finalization of the Transaction Definitive Agreement (the “ Due Diligence Period ”).

RxMM has done due diligence on PNTV and is satisfied enough to give them $2.5 million on unsecured credit. In addition...

8. Potential Joint Ventures. The Parties agree to enter into a joint venture or other commercially structured arrangements with the intention to acquire or apply for medical marijuana dispensary licenses and operate such businesses subject to mutually agreed terms and conditions. It has been agreed that the branding of the dispensary businesses will be under RxMM’s lifestyle retail formula and national brand. Such joint ventures may include third parties but will be approached in goodwill and fair dealings manner for the betterment of the Company’s shareholders.

Again, it sounds similar to the mCig contract. Perhaps mCig will be getting in on some of these dispensary deals. JMO