RE:RE:BeerSco, MH only has exclusive 5 yr rights to THC Cannabis formulated beverages. Dolo answered that question on the phone interview when asked by a Desjardins banking rep. Although CBD can be extracted from MJ, MH JV is focusing on THC. There will be no CBD(Hemp)formulated beverages via this initial JV. This is a crucial point of the JV as it leaves Sproutly with a multitude of options in the THC edibles/capsules/tinctures/topicals/pet products and any other non beverage platforms they can conjure. All CBD(Hemp) products are fair game to other interested parties and off limits to this JV. See below from SPR website.
Terms of the Joint Venture
The Joint Venture will be structured as a standalone company with its own board of directors and management team. Sproutly and Moosehead will each hold a 50% interest in the JV and have the right to nominate 3 directors. Moosehead shall appoint the Chief Executive Officer and Sproutly shall appoint the Chairperson of the board of directors of the JV.
Sproutly will provide Infuz20 exclusively to the Joint Venture in Canada for the purpose of producing cannabis beverages (excluding hemp) for a period of 5 years (the “Exclusivity Period”), such Exclusivity Period being subject to a potential extension based on the Joint Venture reaching certain revenue targets.