The company has an Exclusive Manufacturing and Distribution Agreement with GloBrands, granting GloBrands exclusive rights to manufacture, distribute, and sell specified products, including condoms, energy drinks and waters, and various tobacco-related products under the HUSTLER® brand name. GloBrands holds licenses from the Flynt/HUSTLER® organization to use the HUSTLER® brand and is responsible for paying royalties to them. The company manages royalty payments on behalf of GloBrands to the Flynt/HUSTLER® organization. The agreement covers regulatory approvals, product labeling, marketing, distribution, and logistics. GloBrands reimburses certain media placement expenses and must comply with all licensing terms set by the Flynt/HUSTLER® organization. Suppliers identified in filings include the Flynt/HUSTLER® organization and GloBrands.
Cirtran's Comment on Supply Chain
The company has an Exclusive Manufacturing and Distribution Agreement with GloBrands, granting GloBrands exclusive rights to manufacture, distribute, and sell specified products, including condoms, energy drinks and waters, and various tobacco-related products under the HUSTLER® brand name. GloBrands holds licenses from the Flynt/HUSTLER® organization to use the HUSTLER® brand and is responsible for paying royalties to them. The company manages royalty payments on behalf of GloBrands to the Flynt/HUSTLER® organization. The agreement covers regulatory approvals, product labeling, marketing, distribution, and logistics. GloBrands reimburses certain media placement expenses and must comply with all licensing terms set by the Flynt/HUSTLER® organization. Suppliers identified in filings include the Flynt/HUSTLER® organization and GloBrands.
Sources:
Cirtran Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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