Item 7.01 Regulation FD Disclosure.
The Company has entered into a strategic marketing and consulting agreement
("Agreement") with a sports and entertainment consulting company ("Consultant)
for an initial period of twelve (12) months, effective June 16, 2021,which is
terminable after six months from the effective date of the consulting agreement.
This Agreement has come about as a result of the working relationship developed
by the Company's CEO and Ray Lewis, NFL Hall of Famer and Super Bowl champion,
with the intent to open and develop marketing opportunities for the Company's
existing and to be developed products and product lines.
Under the terms of the Agreement, the Company will work with Ray Lewis and
Consultant (as independent contractors) who will, among other tasks under the
Agreement, endeavor to make introductions to professional sports leagues,
professional athletes, influencers/brand ambassadors, brand liaisons, research
and development opportunities, all in an effort to establish the Company and its
products in the professional sports market segment and significantly increase
its brand awareness, social media presence, and penetration into the
professional sports consumer market segment.
Upon execution of the Agreement, the Company paid Consultant $75,000 USD and
issued 2,200,000 unregistered shares of the Company's common stock. Within
ninety days following the execution date of the Agreement, the Company shall
make a second payment of $75,000 USD and issue an additional 1,300,000 shares of
common stock to the Consultant.
The foregoing description of the Agreement does not purport to be complete and
is qualified in its entirety by reference to the Agreement, which will be filed
with the Company's upcoming quarterly filing on Form 10-Q by or before August
16, 2021.
Item 8.01 Other Events.
On June 30, 2021, the Company issued a press release announcing that it had
entered into the Agreement and that it teamed up with No Excuse Enterprises, LLC
in connection with the above described marketing plan. The June 30, 2021 press
release is attached hereto as Exhibit 99.1.
On July 6, 2021, the Company announced that its Brand Registry Application for
its flagship Tauri-Gum™ brand had been approved by Amazon Inc. Amazon Brand
Registry helps the Company protect its registered Trademarks and create a
trusted experience for customers. The July 6th press release is attached hereto
as Exhibit 99.2.
On July 9, 2021, the Company announced that it and Think BIG, LLC confirmed the
upcoming launch of two limited-edition Frank White/Tauri-Gum versions of its
product line. Recall that during October 2020, we entered into a strategic
alliance with Think BIG, LLC aimed at jointly developing innovative products
utilizing cannabinoids derived from the Hemp plant and other botanicals under
Think BIG's first brand Frank White®. Think BIG, LLC was founded by Christopher
"CJ" Wallace, Willie Mack and Todd Russaw. The July 9, 2021 press release is
attached hereto as Exhibit 99.3.
On July 12, 2021, the Company announced its two newest, innovative, topical
products: (a) CBD infused Tauri-Sun™ (30 SPF) Sunscreen Spray & (b) Acai
Fragrance Moisturizing (30 SPF, CBD infused) Lip Balm. These two products are
being manufactured, under the following brand name: Tauri-Sun™. The Company is
continuing to augment its Topical offerings, to complement its diverse and
innovative CBD & CBG edible products. The July 12, 2021 press release is
attached hereto as Exhibit 99.4.
On July 21, 2021, the Company announced that it has commenced sales of its
Tauri-Gum™ product line in the United Kingdom. In addition, the Company has
retained a full-time salesperson who is located in London. The Company expects
to increase its sales in the United Kingdom through this marketing and sales
effort. The July 21, 2021 press release is attached hereto as Exhibit 99.5.
The information set forth in this Item 8.01, and the press release annexed
hereto as Exhibits 99.1, 99.2, 99.3, 99.4 and 99.5, are being furnished and
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), nor shall the information
in this Item 8.01 or such press release be incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Exhibits Statements and Exhibits
(d) Exhibits
Exhibit Number Description
99.1 Press Release, dated June 30, 2021
99.2 Press Release, dated July 6, 2021
99.3 Press Release, dated July 9, 2021
99.4 Press Release, dated July 12, 2021
99.5 Press Release, dated July 21, 2021
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