"On March 31, 2010 the Company entered into an asset purchase and sale agreement (the “Asset Agreement”) and Trade Mark License Agreement (the “License Agreement”) with Marley Coffee LLC (“MCL”), a private limited liability company of which the two directors of the Company have a combined controlling interest.
MCL owns “Marley Coffee” and related trademarks (the “Trademarks”). In accordance with the License Agreement, MCL grants to the Company an exclusive, transferable, sub-licensable, worldwide license to use the Trademarks for the licensed products."
^pg 7 of most recent 10-k.
Lots of companies do sale/leasebacks, but I don't like this one. Decide for yourself.
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