Business
Redwood Scientific Technologies Inc. (RSCI. OTC. PK) Issues Correction Regarding Agreement with Silk Road Ent., Inc.
Redwood Scientific Technologies Inc. (RSCI. OTC. PK) Issues Correction Regarding Agreement with Silk Road Ent., Inc..
About this update from Redwood Scientific Technologies, Inc.
[{"type":"text","content":"\n\n\n\nRedwood Scientific Technologies Inc. (RSCI. OTC. PK) Issues Correction Regarding Agreement with Silk Road Ent., Inc.\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\nRedwood Scientific Technologies Inc. (RSCI. OTC. PK) Issues Correction Regarding Agreement with Silk Road Ent., Inc.\nPR Newswire\nNEW YORK, Aug. 15, 2023\n\n\n\nNEW YORK, Aug. 15, 2023 /PRNewswire/ -- Redwood Scientific Technologies Inc. wishes to correct a previous press release issued on July 19th. Contrary to the previous statement, the arrangement between Redwood Scientific Technologies Inc. and Silk Road Ent., Inc. was not a partnership agreement. Rather, it was accurately termed a \"Marketing Consulting Agreement.\"\n\n \n \n \n \n \n \n\n \nEffective immediately, Redwood Scientific Technologies Inc. has formally notified Silk Road Ent., Inc. of the cancellation of the aforementioned \"agreement.\" Furthermore, Silk Road Ent., Inc. has been informed that they are and have been prohibited from engaging in any marketing, promotion, or sale of Redwood Scientific Technologies Inc.'s products that are currently in the premarket development stage.\nJason Cardiff, CEO of Redwood Scientific Technologies Inc., commented on the cancellation, stating, \"Redwood maintains its unwavering confidence in its ability to adhere to all regulatory requirements set forth by relevant agencies in the process of bringing our products to market. This includes ensuring the establishment of the most advantageous partnerships for the benefit of our valued shareholders.\"\nFor further information, please contact:Email: [email protected]: 646-503-7884\n \n\n\n\n View original content to download multimedia:https://www.prnewswire.com/news-releases/redwood-scientific-technologies-inc-rsci-otc-pk-issues-correction-regarding-agreement-with-silk-road-ent-inc-301900750.html\nSOURCE Redwood Scientific Technologies Inc.\n\n\n\n\n","length":4327,"tagName":"div"}]