Cannagistics Inc (CNGT)

[J0L]

Something I was thinking about...the below Collaboration Agreement between PBIO and Availa/Cannaworx was for one year, and will be up in less than a month. Wondering if maybe that June 12th date is of any importance...and maybe after it is when we’ll hear something in regards to NOVI? Not sure, just thinking out loud....


On April 29, 2020, we entered into a binding letter of intent to merge with Cannaworx Holdings, Inc. (Cannaworx), and their portfolio of products and intellectual property (the "Cannaworx LOI"). Post-merger, certain Cannaworx products were expected to utilize our proprietary UST platform. Throughout the course of 2020, we entered into four amendments to the Cannaworx LOI, with the last amendment making the LOI mutually non-exclusive and extending the deadline to January 30, 2021 after which it expired. On June 12, 2020, we entered into a one-year Collaboration Agreement with Cannaworx and its parent company, Availa Bio, Inc. on developing UST applications for prospective use and licensing in Cannaworx's products. All parties remain actively engaged in this collaborative effort.