Global Wellness Strategies Inc. announced that it has entered into a custom manufacturing agreement with Hempsana Holdings Ltd. to launch cannabis and cannabidiol formulated products into Canada for GWS' partners' brands. Hempsana has submitted 28 products and SKUs on behalf of Global Wellness and the Company partners' brands to the Ontario Cannabis Store and awaits updates and approval on this first stage of submissions. Under the terms of the agreement, Hempsana has agreed to manufacture approved consumer products by GWS brands. Hempsana will be responsible for providing high-quality cannabis extracts, filling, packaging, and manufacturing services. A
predetermined wholesale price will be earned as a fee by Hempsana for the manufacturing, shipping, and sale of the product; in addition, a brokerage fee will be earned on monthly revenue. GWS will receive revenues upon the sale of products to the various provincial cannabis regulators.