Bear in mind that the current Stony Hill Corp was formed on November 4, 2016 with the reverse acquisition of First Fixtures, Inc which was an online shopping mall specializing in bathroom and kitchen fixtures and faucets.
Some highlight from the 10-K...
Organization & Subsidiaries
We have two operating subsidiaries, Stony Hill Ventures Corp., a Nevada corporation, and Vita Products, LLC, a Washington limited liability company.
Overview of Stony Hill Ventures
Our wholly owned subsidiary, Stony Hill Ventures was incorporated on March 15, 2016, in Nevada.
The business of Stony Hill Ventures is now the principal business of the Company. We are a vertically integrated company focused on multiple areas of the cannabis industry. We are exploring involvement in the consumer, health and wellness, recreational, medical, media, nutraceutical and cosmeceutical parts of the industry.
We have established key exclusive strategic alliances which serve to help accomplish the task of becoming the market leader. Directly and through our partners, we sell products including clothing, apparel, and other various branded products.
Stony Hill Ventures principal administrative offices are located at 9701 Wilshire Blvd., Suite 1000, Beverly Hills, California 90212. Our website is www.stonyhillcorp.com.
Primary Business
Stony Hill Ventures is organized for various investments under the Stony Hill brand as well as to conduct any other related business and activities. Stony Hill is the owner and has right to intellectual property, including trademark, trade names, images, likenesses and other associated intellectual property, such as the name “Stony Hill.” related to Damian Marley.
We intend to:
· establish a global medical cannabis platform and brand;
· create of platform to partner and invest in various segments in the medical marijuana industry; and
· establish key exclusive strategic alliances which serve to accomplish the task of becoming the market leader
We have an exclusive, perpetual, royalty-free license from Damian Marley with respect to his name, likeness, image and voice for use in our businesses. If Damian Marley were to resign as an officer and director of our Company, the license would cease to be exclusive, we would be limited in our ability to create new marks containing the Damian Marley name, Damian Marley could compete with us and we would have to pay Damian Marley a royalty on revenues relating to his name. If Damian Marley were to compete with us or if we were to lose our rights to use this intellectual property, our business would be adversely affected.
Strategic Partners
We have entered into license agreements for our branded products with two strategic partners. Ocean Grown Extracts and Tru Cannabis. Based in the San Fernando Valley, Ocean Grown Extracts has been extracting cannabis concentrates since 2011 and perfecting their own proprietary strain for over 2 decades. Tru Cannabis, founded in 2009 is a medical and recreational cannabis company. Tru Cannabis markets and sells a wide variety of cannabis products such as concentrates, edibles, topicals, drinks, pipes, vaporizers, and industry gear.
Stony Hill is the owner and has right to intellectual property, including trademark, trade dress, images, likenesses and other associated intellectual property, such as the name “Stony Hill” related to Damian Marley.
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