Mr. Marcos Agramont reports
ISODIOL INTERNATIONAL INC. ANNOUNCES TERMINATION OF AGREEMENTS WITH CARLSBAD NATURALS LLC
The asset purchase agreement among Isodiol International Inc., Iso International LLC and Carlsbad Naturals LLC, a New Mexico limited liability company, and the asset purchase agreement among the company, Iso International and Carlsbad Naturals LLC, a Wyoming limited liability company, have been terminated as a result of Carlsbad New Mexico and Carlsbad Wyoming's failure to perform their respective obligations under the agreements, including the obligation to transfer to the company the intellectual properties, brands and other assets that formed the subject matter of the transactions.
The transactions relating to these asset purchase agreements were announced and described in the company's news release dated Feb. 14, 2019.
The company is working with its professional advisers to unwind the transactions.
About Isodiol International Inc.
Isodiol International is focused on the nutritional health benefits that are derived from hemp and is a product development, sales, marketing and distribution company of hemp-based consumer packaged goods (CPG) and solutions. Isodiol has commercialized a 99-per-cent-pure, naturally isolated CBD (cannabidiol), including microencapsulations, and nano-technology for quality consumable and topical skin care products.
We seek Safe Harbor.
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