This follows the February 23, 2017 announcement regarding OCI and Vodis's wholly owned subsidiary, Vodis USA, Inc. ("Vodis USA"), having entered into a Product Licensing and Marketing Agreement (the "Licensing Agreement"). The Licensing Agreement allows the Vodis name, images, and Vodis-inspired designs and concepts to be used to brand, market, and sell marijuana products across Washington State.
Vodis CEO, Ivan Miliovski states: "This is yet another major milestone for the company. We have worked hard with the OCI team to ensure the Vodis brand is associated with the highest quality product OCI has to offer. With Vodis-developed marketing strategies, we expect the Vodis brand will be broadly recognized by consumers and investors, and will become synonymous with quality across, and eventually beyond, Washington State."
About Vodis Pharmaceuticals Inc.
Vodis is one of North America's foremost brand names in the medical and recreational marijuana business with operations in both the US and Canada. Its master grow teams have consistently won or placed at each Canadian competition they have entered with their "VIP" brand. The Company, with facilities in BC and Washington State, is also actively looking into expansion opportunities in other countries and throughout the United States.
While Vodis and its subsidiaries cannot have any interest whatsoever in any proceeds as a result of production, processing or retail activities in the United States, it can license its brand, production and consulting services to approved Washington State license holders to ensure that all products produced under the Vodis Pharmaceuticals program and/or associated under the VIP brand meet or exceed the Vodis brand quality standards.
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