Canadian CANNAINVESTOR Magazine May 2017 - Page 88

Palo Verde LLC – Colorado Licensed Producer

Palo Verde LLC – private Colorado company, which holds license to manufacture marijuana-infused products

Principal of Palo Verde is an established Colorado lawyer Palo Verde entered into:

•A lease agreement for a 26,000 sq ft at an

annual rate of US$15/sq ft

•An unsecured loan agreement in the amount of US$500,000 for a period of 1 year, with up to 5 extensions at a rate of 12% with Nutritional High

Palo Verde and the Company are finalizing a recipe & IP licensing agreement and branding and packaging supply agreement