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Logistics Innovation Technologies Corp. LITT

Logistics Innovation Technologies Corp is a blank check company.


NDAQ:LITT - Post by User

Post by ihaveiamon Mar 26, 2020 10:40am
162 Views
Post# 30849055

CANADA AND CHINA will lead the way!!!

CANADA AND CHINA will lead the way!!!'

Roadman is also pleased to announce that its wholly owned subsidiary CBP has amended its original agreement with InMicro the licensor dated February 11, 2020 to focus its efforts on China and Hong Kong. CBP has amended the agreement on March 24, 2020 with the following highlights: the Company or its subsidiary CBP will order 200 litres of cedar leaf oil from the Licensor within twelve (12) months of the date of this amendment; USD$2 million of gross sales within twenty-four (24) months of the date

of this amendment; USD$10 million of aggregate gross sales within thirty-six (36) months of

the date of this amendment; and USD$20 million of aggregate gross sales within forty-eight (48) months

of the date of this amendment. CBP will also have a 1% royalty on all sales in Canada for 5 years and a lifetime 20% reduction in cost of cedar leaf oil from InMicro.'

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