Panacea Life Sciences signs licensing deal with Sky Wellness for CBD product sales and development

PANACEA LIFE SCIENCES HOLDINGS, INC.

Revenue split: 40% net revenue to Panacea, 60% to Sky Wellness for existing CBD inventory.
Panacea to develop new products under Sky Wellness brands D Oh Gee (dog chews) and BoneUp (male enhancement).
Sky Wellness products to be sold in Panacea's six Pana Kava Java retail stores in Tampa, FL metro.
Sky Wellness retains full IP ownership; non-exclusive license granted to Panacea for manufacturing/marketing.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PANACEA LIFE SCIENCES HOLDINGS, INC. entered into Agreement with Sky Wellness, LLC (effective 2024-05-13).

Action: entry
Agreement: license
Counterparty: Sky Wellness, LLC
Effective: 2024-05-13

Exact text from the filing

On May 13, 2024, Panacea Life Sciences, Inc., a subsidiary of Panacea Life Sciences Holdings, Inc. (the “Company,” “Panacea Life Sciences,” “we,” or “our”) entered into a definitive Licensing, Marketing, Supply and Development Agreement (the “Agreement”) with Sky Wellness, LLC, an Arizona limited liability company (“Sky Wellness”)

View on SEC.gov

299 material agreements filed in the last 30 days. Browse all material agreements →

PANACEA LIFE SCIENCES HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-020133

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.