Brand Revenue definition
Brand Revenue means revenue (calculated in accordance with the Corporation’s current accounting practices, which must be either (a) Canadian generally accepted accounting principles, consistently applied, or (b) International Financial Reporting Standards as adopted by the International Accounting Standards Board, as amended, supplemented or replaced from time to time, as well as in accordance with good bookkeeping practices) received by the Corporation and its Affiliates that is associated with the sale of any cannabis, cannabis product or merchandise item that is derived from any Sun 8 Cultivar or branded with, or otherwise reasonably associated with, any of the Intellectual Property.
Examples of Brand Revenue in a sentence
The annual determination of Warrants to vest, if any, on each Annual Vesting Date, is based solely on the Brand Revenue generated in the single Fiscal Year ending prior to the Annual Vesting Date.
For example, if $[***] in Brand Revenue is achieved in [***], then [***].