Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Instagram Outage Disrupts Thousands of U.S. Users 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
TORONTO, Jan. 22, 2018 -- CordovaCann Corp. (OTCQB:LVRLF) (“CordovaCann” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Cordova CO Holdings, LLC, has entered into a license agreement (the “License Agreement”) with Clearview Industries, LLC (“Clearview”), a Colorado-based corporation that owns and operates a Medical and Retail Marijuana Infused Product facility in Denver.
Under the terms of the License Agreement, the Company granted to Clearview a limited, non-exclusive license (the “License”) to certain technology, standard operating procedures and other intellectual property of the Company solely for the purposes of manufacturing, packaging and distributing THC-based products (the “Products”). The License is for an initial term of five years and is limited to the State of Colorado. Clearview will pay the Company royalties equal to 29% of the gross profit generated by the Products. In addition to the License, CordovaCann is also in discussions with Clearview to provide equipment financing and management/advisory services.
“Our entry into Colorado is a key step in our business strategy and this transaction is expected to generate revenue for the Company as early as next month,” stated Mr. Taz Turner, Interim Chief Executive Officer of the Company. He added, “CordovaCann is also working to secure third-party license agreements to bring into the Colorado market and other markets as we continue to expand. We look forward to launching numerous brands across multiple states while leveraging a consolidated sales, marketing and distribution platform.”
About CordovaCann Corp.
CordovaCann Corp. (formerly LiveReel Media Corp.) is a Canadian-domiciled company focused on building a leading diversified cannabis company. CordovaCann primarily provides services and investment capital to the processing and production vertical markets of the cannabis industry.
Contact:
Taz Turner
Interim CEO
T: (917) 843-2169
E: [email protected]
