Legal & Finance Update December 1, 2017

 
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THIS WEEK'S UPDATES

  • This week we have worked hard in the legal department to support the fundraising team as they close our current round of financing.  
  • We have a new intern, and he is helping us organize our contract filing systems.
  • We finalized agreements with two new advisory board members.
  • We also began discussions with Ace Hill Brewing to white label products for them. The negotiations are preliminary and we will keep you updated.
  • We will soon be closing out on the end of the year and we are finalizing government year-end reporting requirements.
  • We sent an initial proposal to the Beckley Foundation in hopes of solidifying a research project with their team.

LOOKING FORWARD

  • We are starting to draft documents for any future capital raises that we expect to come next year. 
  • In connection with the closing of our financing round, we are also closing and finalizing the employee stock option plan. 
  • We are looking forward to finalizing a deal with Partake beer.  

THINGS WE NEED HELP WITH

  • We are about to make the final steps to select our document management system. We picked Tresorit to manage our files. Before we make a final decision we are open to any last minute suggestions for alternatives.