Global Gardens Group Inc. announced that it has entered into an exclusive license and distribution agreement for the distribution of Veggemo in China, Hong Kong, Taiwan and Macau with V-Power (China) Limited. Pursuant to the terms of the agreement, Global Gardens will acquire 50% of the shares of the Distributor. In order to maintain an exclusive distribution license, the Distributor is required to sell a minimum of 289,476 litres in 2017, 1,021,680 litres in 2018 and 4,597,560 litres in 2019. Provided the Distributor continues to sell the minimum quantities of Veggemo and is in compliance with the other terms of the agreement, the Distributor will maintain a five year right of first refusal to be the exclusive distributor for additional territories in Asia.