- Yellow Stem Tech (YY) has signed a product distribution agreement with Sweet Poison Spirits
- The distribution agreement grants the company the worldwide distribution rights to Sweet Poison’s premium Tequila and Mezcal products under the “Sweet Poison” brand names
- The distribution rights are for an initial period of ten years, renewable for a further ten years and beyond
- Yellow Stem Tech was granted the option to acquire all of the shares of Sweet Poison
- Sweet Poison Spirits are creators and distributors of premium quality spirits
- Yellow Stem Tech Inc. opened trading at $0.02
Yellow Stem Tech (YY) has signed a product distribution agreement with Sweet Poison Spirits.
The agreement was with Sweet Poison Spirits S de RL de CV, a Mexican company headquartered in Guadalajara, Mexico, and Sweet Poison Spirits LLC, a California limited liability corporation headquartered in San Diego, California.
The distribution agreement grants the company worldwide distribution rights to Sweet Poison’s premium Tequila and Mezcal products under the “Sweet Poison” brand name.
The distribution rights are for an initial period of ten years and are renewable for an additional ten years and beyond.
In consideration of the rights and licences granted by Sweet Poison to the company, Yellow Stem will issue and deliver an aggregate of 5,000,000 common shares at a deemed price of US$0.20 per share.
Yellow Stem Tech has been granted the option to acquire all of the shares of Sweet Poison, subject to the company fulfilling its obligations under the distribution agreement.
The terms of the option agreement include an option price of $1,000,000, payable in cash and common shares.
Yellow Stem Tech Inc. is focused on mining a non-traditional cryptocurrency, Siacoin.
Sweet Poison Spirits are creators and distributors of premium quality spirits.
Yellow Stem Tech Inc. (YY) opened trading at $0.02.