Item 1.01 Entry into a Material Definitive Agreement.

On December 9, 2022, we entered into a Trademark License Agreement (the "Agreement") with Yuengling's Ice Cream Corporation ("Yuengling's"). Under the Agreement, we have acquired the exclusive right to use the Yuengling's logo for a planned line of Yuengling's Ice Cream flavored CBD and cannabinoid products. The initial term of the Agreement runs through November 30, 2027, with an option to extend for an additional five years. In consideration for the trademark license, we will pay Yuengling's a royalty of 5% of all gross wholesale revenue generated from the sale of our Yuengling's Ice Cream branded products. The Agreement, which is filed herewith as Exhibit 10.1, should be reviewed in its entirety for additional information.

Additional details regarding our planned line of Yuengling's Ice Cream flavored CBD and cannabinoid products, including the specific products and flavors to be offered, and product launch dates and selling locations will be provided in the near future.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits



Exhibit No.    Description of Exhibit

  10.1           Agreement

  10.2           Press Release





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