CannaPharmaRX enters supply agreement with Cantek for minimum 1,000 kg/year at $2.75 CDN/g

CANNAPHARMARX, INC.

Cantek commits to minimum 1,000 kg of product annually for 3 years at $2.75 CDN/g.
Most-favored-nations clause ensures Cantek receives any better pricing offered to others.
Termination provisions include failure to pay and other standard breaches.
Supply Agreement term is 3 years with renewal options.

item 1.01 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

CANNAPHARMARX, INC. entered into Supply Agreement with D.N.S. Cantek 2019 Ltd. (effective 2024-02-12).

Action: entry
Agreement: supply
Counterparty: D.N.S. Cantek 2019 Ltd.
Effective: 2024-02-12

Exact text from the filing

On February 12, 2024, CannaPharmaRX, Inc. (the “Company,” “we,” “our,” or “us”), entered into a Supply Agreement (the “Supply Agreement”) by and among us and D.N.S. Cantek 2019 Ltd., an Israeli limited corporation (the “Cantek”)

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Source: SEC EDGAR

accession 0001683168-24-001042

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