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Salinas California Form 8883: What You Should Know
And, the Salinas, CA 93908.3 Inc. (collectively, the Company, individually, the Salinas, Inc.). With the written permission of the Company, and subject to the terms and conditions set forth in this Agreement, the Company hereby agrees to: (1) develop and harvest the Company's medical marijuana crop located in the Salinas, CA 93908.3 Inc. (the medical marijuana crop) in compliance with the California Department of Consumer Affairs (CALL) Medical Marijuana Regulation and Safety Act (Gov. Code ch. 821) effective August 1, 2018; and (2) provide marijuana from the Company's marijuana grown in the Salinas, CA 93908.3 Inc. medical marijuana crop to the Company for sale or distribution in accordance with the terms of this growing and harvesting agreement. The Company will provide to the Company a portion of its harvest in the form of dried flower, immature plants, or immature plant trimmings (collectively, the “Medical Marijuana Trim”). The Company also will sell a portion of the Medical Marijuana Trim to an affiliated entity at the Company's request or on behalf of the Company on the Company's behalf in a licensed facility on a cash basis (“Cash for Medical Marijuana”). The Company agrees to purchase the Cash for Medical Marijuana in the form of cash, in accordance with the terms and conditions of this growing and harvesting agreement between the Company and the Company's affiliate, the Salinas, CA 93908.3 Inc. “The Company,” which will include the Salinas, CA93908.3 Inc. and “The Company's Affiliate,” an Ohio corporation organized under the laws of the State of Ohio (“The Company's Affiliate”). The Company will cultivate and sell its marijuana grown in the Salinas, CA 93908.3 Inc. medical marijuana crop to an affiliated entity (the “Affiliate”) and “The Affiliate,” a Delaware corporation organized under the laws of the State of Delaware (“The Affiliate's Affiliate”). The Company is the general partner in this transaction and the Company's Affiliate, the Affiliate's Affiliate and The Company's Affiliate will form a joint venture to manage and process the Company's marijuana in accordance with the terms of this growing and harvesting agreement between the Company and the Company's Affiliate, the Affiliate's Affiliate and The Company's Affiliate.
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