CA - Fobi signs $10M license agreement with BevWorks Brands
2023-03-27 10:31:15 ET
- Fobi AI ( OTCQB:FOBIF ) has announced that the company signed a five-year $10M licensing agreement with Canadian beverage manufacturing company, BevWorks Brands.
- The agreement will enable Fobi to deliver technology solutions to support BevWorks’ growth strategy through a data-driven means to consolidate the independent beverage manufacturers in alcohol markets and beyond.
- Fobi will generate $10M in revenue for the five-year contract, where this revenue will be recognized in accordance with IFRS policies over the 60 months of the contract.
- FOBIF is +25.3% to $0.36.
For further details see:
Fobi signs $10M license agreement with BevWorks Brands