Red Light Holland Amends IP License Agreement with Mistercap LLC [Yahoo! Finance]
Urban Outfitters, Inc. (URBN)
Last urban outfitters, inc. earnings: 3/3 04:10 pm
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
the " Company "), a company engaged in the production, growth and sale of functional mushrooms and mushroom home grow kits in North America and Europe and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, is pleased to announce that, further to its press releases dated June 30, 2022, and July 18, 2022, the Company and Mistercap LLC (" MISTERCAP'S ") have entered into an amended and restated IP license agreement (the " Amended Agreement ") effective today, pursuant to which the parties have agreed to pivot the direction for its line of MISTERCAP'S mushroom grow kits towards retail and distribution channels. The Amended Agreement, among other changes, removes all guaranteed payments payable to MISTERCAP'S, including monthly marketing fees, such that the consideration from the Company to MISTERCAP'S will be in the sole form of royalty payments going forward, being 15% for all sales under the MISTERCAP'S brand, except for sales that origina
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URBN
Earnings
- 2/27/24 - Miss
URBN
Sec Filings
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- URBN's page on the SEC website