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Re: Shawking post# 30523

Monday, 10/12/2020 10:45:39 PM

Monday, October 12, 2020 10:45:39 PM

Post# of 34636
I am trying to remain hopeful that there is still something in the works between Altria and Lexaria, but say there isnt and Altria wants to sever its ties completely with DehydraTECH, how would that work if Altria buys out Cannadips? Do they have to honor the 10 year licensing agreement...or whatever timeframes may be left if/when the buyout occurs? If they dont, I sure hope there is something in the agreement that requires Altria to buyout the time remaining on the Cannadips/DehydraTECH license.

"The licensing agreement provided by Lexaria grants Cannadips Cannabis exclusive rights for this product format for the US market for 10 years; an option to expand the licence to Europe, Mexico and/or Canada; and contains minimum performance provisions in order to maintain exclusivity."
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