CBD food and beverage market value in
CARES Act
The Coronavirus Aid, Relief and Economic Security Act (the "CARES Act") was enacted on
Additionally, the Company has applied for, and in April, 2020 received, funds under the Paycheck Protection Program (the "PPP Loan") after the period covered in these financial statements in the amount of
The PPP Loan has a two-year term and bears interest at a rate of 1.0% per annum. Monthly principal and interest payments are deferred for six months after the date of disbursement. The PPP Loan may be prepaid at any time prior to maturity with no prepayment penalties. The promissory note issued in connection with the PPP Loan contains events of default and other provisions customary for a loan of this type. The PPP Loan is being used to retain our employees, as well as for other permitted uses under the terms and conditions of the PPP Loan. https://bit.ly/34z0QvK
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