Flexible Solutions Secures Exclusive Rights to Agricultural Products
Flexible Solutions announces that it has traded the remaining 19.9% of the FL LLC for exclusive rights to make and sell certain agricultural products in certain markets. On August 12th, 2024 the Company sold 30.1% of the equity in the FL LLC to an acquirer for $2 million and five annual payments of $800,000. The acquirer has been unable to fund the annual payments. As a result, the Company has been granted the perpetual, exclusive rights to 4 agricultural products and the IP of those products in the territory. The territory is defined as South of the Mexico/US border including all of Central America, South America and the Caribbean.