other material
confidence medium
sentiment neutral
materiality 0.35
Can B Corp. enters distribution agreement with PrimeX for Brazil market
Can B Corp
- Exclusive distribution deal with PrimeX LLC for CBD/non-CBD products in Brazil, with option for other international markets.
- Revenue split 50/50 net after expense reimbursement; white-label products at cost+25%.
- Company extends $200K line of credit with 60-day payment terms to PrimeX.
- Agreement term two years with automatic one-year renewals; includes indemnification, confidentiality, non-solicitation.