24 unchanged sentences
We had also taken initial steps related
−Removed: to development of over-the-counter, THC-free, hemp-based products for the human market for the prevention and alleviation of symptoms
−Removed: associated with inflammatory and auto-immune diseases.
+Added: to development of over-the-counter, THC-free, hemp-based products for the human market for the prevention and alleviation of symptoms associated
+Added: with inflammatory and auto-immune diseases.
July 29, 2014, through our wholly-owned subsidiary, Peak BioPharma Corp., we entered into a License Agreement (the License Agreement)
with Canna-Pet, LLC, (Licensor) a Washington limited liability corporation.
−Removed: They own the brand name Canna-Pet
−Removed: and certain related intellectual property including, but not limited to, trademarks and copyrights, formulations, recipes, production
−Removed: processes and systems, websites, domain names, customer lists, supplier lists, trade secrets and know-how, and other related intellectual
−Removed: property (collectively, the Licensed Intellectual Property).
−Removed: This is used by the Licensor in the conduct of its business
−Removed: related to the production and sale of medical products made from industrial hemp, which are intended exclusively for consumption by pets.
−Removed: Pursuant to the License Agreement, the Licensor granted to us a perpetual, exclusive, world-wide license to use the Licensed Intellectual
−Removed: Property in conjunction with our business and the production and sale of medical products made from industrial hemp, as well as the right
−Removed: to sublicense the Licensed Intellectual Property to third parties.
−Removed: The License Agreement gave us the right to produce and sell existing
−Removed: products utilizing the Licensed Intellectual Property and to develop new products, jointly with Licensor or otherwise, based upon the
−Removed: Licensed Intellectual Property.
−Removed: The License Agreement provided us with an immediate revenue source and access to Licensors customer
−Removed: The License Agreement specified that during the term of the license, all intellectual property rights in and to the Licensed Intellectual
−Removed: Property remain the exclusive property of Licensor.
+Added: They own the brand name Canna-Pet and
+Added: certain related intellectual property including, but not limited to, trademarks and copyrights, formulations, recipes, production processes
+Added: and systems, websites, domain names, customer lists, supplier lists, trade secrets and know-how, and other related intellectual property
+Added: (collectively, the Licensed Intellectual Property).
+Added: This is used by the Licensor in the conduct of its business related to
+Added: the production and sale of medical products made from industrial hemp, which are intended exclusively for consumption by pets.
+Added: to the License Agreement, the Licensor granted to us a perpetual, exclusive, world-wide license to use the Licensed Intellectual Property
+Added: in conjunction with our business and the production and sale of medical products made from industrial hemp, as well as the right to sublicense
+Added: the Licensed Intellectual Property to third parties.
+Added: The License Agreement gave us the right to produce and sell existing products utilizing
+Added: the Licensed Intellectual Property and to develop new products, jointly with Licensor or otherwise, based upon the Licensed Intellectual
+Added: The License Agreement provided us with an immediate revenue source and access to Licensors customer base.
+Added: Agreement specified that during the term of the license, all intellectual property rights in and to the Licensed Intellectual Property
+Added: remain the exclusive property of Licensor.
consideration of the grant of the license, we agreed to pay Licensor license fees in the form of royalty payments calculated based on
46 unchanged sentences
operations in order to create a viable business model and value for our shareholders.
−Removed: Since October 2015 we have been a shell
−Removed: company (as such term is defined in Rule 12b-2 under the Exchange Act).
+Added: Since October 2015 we have been a shell company
+Added: (as such term is defined in Rule 12b-2 under the Exchange Act).
of our business operations are carried out through our wholly owned subsidiary, Peak BioPharma Corp., a Colorado corporation.
23 unchanged sentences
upon the regulatory activity related to imposition of restrictions and limitations on the sale and marketing of hemp-based health products
−Removed: for the veterinary market, on October 1, 2015, we elected to terminate our license agreement with Canna-Pet and cease all operations
−Removed: relating to sale of hemp-based products for animals.
−Removed: Furthermore, based on advice from the Food and Drug Administration, as well as our
−Removed: regulatory counsel, we decided to revise our strategy and discontinue all efforts to develop and market hemp-based health products.
−Removed: a result, we are currently not subject to any government regulation.
+Added: for the veterinary market, on October 1, 2015, we elected to terminate our license agreement with Canna-Pet and cease all operations relating
+Added: to sale of hemp-based products for animals.
+Added: Furthermore, based on advice from the Food and Drug Administration, as well as our regulatory
+Added: counsel, we decided to revise our strategy and discontinue all efforts to develop and market hemp-based health products.
+Added: we are currently not subject to any government regulation.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.