Raw Material means any unprocessed material in its raw or natural state that is intended to become part of the components of a cannabis product.
Raw Materials means all raw materials, supplies, components and packaging necessary to manufacture and ship the Product in accordance with the Specifications, as provided in Exhibit A, but not including the API.
Initial Price or “Initial Offer” means the price per Unit on the first day of the Initial Period determined by the Management Company.
Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.
Procurement Value means the estimated total financial commitment resulting from procurement, taking into account optional extensions.