CordovaCann Corp. announced that its wholly-owned subsidiary, Cordova CO Holdings, LLC, has entered into a license agreement with Clearview Industries, LLC. Under the terms of the License Agreement, the company granted to Clearview a limited, non-exclusive license to certain technology, standard operating procedures and other intellectual property of the company solely for the purposes of manufacturing, packaging and distributing THC-based products. The License is for an initial term of five years and is limited to the State of Colorado. Clearview will pay the company royalties equal to 29% of the gross profit generated by the Products. In addition to the License, CordovaCann is also in discussions with Clearview to provide equipment financing and management/advisory services.