Business
kathy ireland Heath & Wellness, a Level Brands Business Unit, Enters into License with Isodiol Bringing the Parties Together in a Multimillion-Dollar Cannabidiol (CBD) Products Deal
kathy ireland Heath & Wellness, a Level Brands Business Unit, Enters into License with Isodiol Bringing the Parties Together in a Multimillion-Dollar Cannabidiol (CBD) Products Deal.
About this update from Isodiol International Inc
[{"type":"text","content":"\n\n\n\nkathy ireland Heath & Wellness, a Level Brands Business Unit, Enters into License with Isodiol Bringing the Parties Together in a Multimillion-Dollar Cannabidiol (CBD) Products Deal\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nkathy ireland Heath & Wellness, a Level Brands Business Unit, Enters into License with Isodiol Bringing the Parties Together in a Multimillion-Dollar Cannabidiol (CBD) Products Deal\nPR Newswire\nCHARLOTTE, N.C., Jan. 8, 2018\n\n\n\nCHARLOTTE, N.C., Jan. 8, 2018 /PRNewswire/ -- Level Brands, Inc. (NYSE American: LEVB), an innovative marketing and licensing company that provides bold, unconventional and socially responsible branding for leading businesses, announced today that it has entered into a licensing agreement with Vancouver-based Isodiol International Inc., (CSE: ISOL) (OTCQB: ISOLF) (FSE: LB6A.F), a global Bioactive Phytoceutical innovator specializing in the development of pharmaceutical and wellness products.  Under the agreement, Isodiol will work with Level Brands to develop consumer products for kathy ireland® Health & Wellness, a licensor to Level Brands, and for Level Brands subsidiary I'M1, the company's lifestyle brand for men.  Encore Endeavor One (EE1), Level Brands' corporate brand management and producer of experiential entertainment events, will provide strategic advisory services for the new wellness product lines.  \n\nLevel Brands will receive an initial US$2 million payment in the form of Isodiol shares and initial cash payments of US$62,500 due at execution of the licensing agreement and on June 30, 2018. During the term of the agreement Level will also receive US$750,000 per quarter in the form of Isodiol shares and a 3% royalty on all gross sales of branded products. The contract term is for an initial five years. Marketing materials were designed and filmed in December 2017 and both parties intend to finalize all points of the negotiations no later than January 31, 2018.\n\n\"Isodiol is an innovative, progressive and pioneering company,\" says Kathy I...