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HyunDreamon Aug 23, 2020 9:31pm
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RE:I want to share Joel's email what I got for my questions
RE:I want to share Joel's email what I got for my questionsHyunDream wrote: There are very detail information how Primo and Marianna share the revenue when Marianna makes.
Thanks Joel and we are very happy to have you on board.
Joel' email... Hi Hyun, I'm more than happy to provide you with clarity. The definitive agreement was signed on May 4th if I remember correctly. Its a binding agreement that allows Marianna to go public listing it's shares on the CSE. Marianna Naturals Corp. gave up 25% of the company to Primo in turn, Primo spins the company out and assists with filing the necessary legal paperwork. That's what we agreed to. This has been in place since the signing of the agreement. If Marianna Naturals strikes a deal with a company for $1M of Marianna labeled product; Primo will immediately earn $250K of revenue. (This is an example so you understand.) Marianna has 120 different products. All of these products can be infused with CBD and white-labeled for Primo or any other company that wishes to be a part of our white-label program. Please understand that Beauty Kitchen and Marianna Naturals Corp. are basically the same company. The founder of Beauty Kitchen is Heather Marianna. The founder of Marianna Naturals Corp. is me and Ted DeFeudis. Ted is the President of Beauty Kitchen and the President of Marianna Naturals Corp. Once Marianna Naturals goes public, we (Marianna Naturals) will acquire all the outstanding shares of Beauty Kitchen, with the amalgamation of both companies operations into one. With Marianna Naturals Corp. as the parent organization. Primo already owns 25% of Marianna Naturals Corp. The reason why there are Beauty Kitchen products in the Primo shop is because we (Primo) wanted to have product in the shop while we (Primo) were waiting for the licensing of the hand sanitizer by Health Canada. The only Primo labeled product is the lemon hand sanitizer. I cannot comment on when and if Primo will want to white-label more Marianna Naturals products. In my opinion it would be a great opportunity for the company (Primo) to earn revenue if they did so. In the meantime, Marianna Naturals Corp. is actively trying to secure strategic partnerships that make sense for the company (Marianna) that brings in and generates revenue prior to going public. The more value or worth the company (Marianna) has before we list, the higher the valuation will be at the time of listing and the opening bell. There are two ways Primo shareholders will benefit from the deal with Marianna. 1) If Marianna Naturals secures a white-label purchase order and starts generating revenue; Primo receives 25% of that. 2) Once Marianna Naturals Corp. is a publicly traded company on the CSE. (Shareholders will benefit from the share percentage of the spin-out transaction yet to be confirmed.)--Primo shareholders will receive a certain percentage of Marianna shares (public shares) once the management of Primo and Marianna decide on what that percentage will be. This will take place on the date of record. If the date of record is September 1st, 2020; then all Primo shareholders holding Primo stock at that time WILL receive Marianna Naturals shares. Why do you think I keep posting Marianna's progress in both the Primo Board and Marianna board? Because it has everything to do with Primo shareholders and they should be interested in the success of a company they own 25% of. There are many public companies out there with one or two products to sell without the option of getting more products without laying out big money for formulation and R&D. Marianna Naturals has over 120 different products ready to go. Primo owns 25% of Marianna. I'm the CEO of Marianna Naturals Corp. and only a phone call or email away. If Primo were to call and ask me or the company (Marianna) for different products; I would be more than happy to comply with whatever that order could be. If Marianna Naturals Corp. secures multiple purchase orders and generates massive online sales prior to going public; it's great for Primo and great for Marianna. Great for Primo shareholders because the company will earn 25% of whatever the sales amount would be and great for Marianna because we would be going public with revenue. Primo shareholders need to realize that they are in an amazing place with the 25% acquisition of Marianna. Feel free to cut and paste this email into the board if you want. Cheers, Joel DBF. Hernandez Co-Founder & CEO Marianna Naturals Corp. Tel.514.434.2640E.joel@marianna.ca
I also want to re-post the email from Joel on July 19. I think this is very good info for Primo shareholders.