On January 24, 2018 United Cannabis Corporation entered into a non-exclusive licensing agreement with an affiliate of Harborside Health Association LLC. The license provided Harborside with the rights to the Company's technology which will enable Harborside to manufacture and distribute its proprietary line of products. In consideration for the license, Harborside will pay the Company the greater of: 5% of the gross price paid by Harborside for the manufacture of the products; or 2.5% of the wholesale price received by Harborside from the sale of the products.