Oil expanded the main distribution agreement for a period of 5 years with Lattude to Ukraine
New York, New York, Kibbutz Yifat, Israel and Vancouver, BC, February 21, 2025 (Globe Neurazort) – Beyond Oil Ltd. Or “the company”), a company for innovation in the field of food technology dedicated to reducing health risks associated with french fried foods while reducing operational costs, reducing waste and promoting sustainability, announced today that it has signed an agreement to expand the current major distribution agreement with Latitude Ltd. (“Lattude”), adding Ukraine to the partnership region.
According to the expanded agreement, signed on February 16, 2025, Latituds adhered to purchasing at least $ 302,400 in 2025, with an increase in the minimum annual purchase obligations to reach $ 1512,000 in 2029. The agreement also includes. An annual license fee of $ 100,000, starting from the second year of the agreement, which can be deducted if it is the latitudes It meets the annual purchase goals. During the five -year period covered by the agreement, Latitude adhered to purchasing at least $ 4.536 million of oil products.*
According to the terms of the agreement and expanding it (together the “agreement”), the agreement may be renewed for successive conditions for a period of five years on the same conditions and terms, taking into account the negotiations of good -intention between oil and the line of view.
“The first success of our agreement with Latitude, as it becomes clear from the 50 % increase in the recently reported in February compared to January, highlights the strong demand in the market on our products in the United States,” said Jonathan, or CEO of “Boyund of Off”. “The expansion of Ukraine with Lattude is a following natural step in our global growth strategy, as we continue to work to open new markets and push sustainable and profitable growth.”
*The expected returns that were revealed here depend on the fulfillment of the annual display line …
The full story is available on Benzinga.com
