Quarterly report pursuant to Section 13 or 15(d)

4. LICENSE AGREEMENT OBLIGATION

v3.5.0.2
4. LICENSE AGREEMENT OBLIGATION
3 Months Ended
Jul. 31, 2016
License Agreement Obligation  
LICENSE AGREEMENT OBLIGATION

 

The Company entered into a licensing agreement for a license to use the Cell-in-a-Box® technology to develop therapies involving Cannabis for a total amount of $2,000,000 “Upfront Payment” for the license (see Note 9). As of July 31, 2016, the Company’s license agreement obligation was paid in full. As of April 30, 2016, the Company’s license obligation was $150,000.