8. RELATED PARTIES |
12 Months Ended |
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Dec. 31, 2017 | |
Related Party Transactions [Abstract] | |
RELATED PARTIES |
During the years ended December 31, 2017 and 2016, the Company paid $202,000 and $412,822, respectively, to a stockholder of the Company who is a supplier of hemp oil and hemp to the Company. In addition, during the year ended 2016, the Company issued 500,000 shares of common stock in connection with the purchase of inventory from a European supplier valued based on the closing trading price of the Company’s common stock on the date of issuance. |
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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