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[Music] im megan edwards for investmentpitch.com Bini developing disruptive intellectual property for the extraction and purification of cannabinoids continues to monetize its intellectual property through a licensing agreement with a british columbia based cannabis processing equipment distribution company under the terms of this license agreement the licensee is permitted on a non-exclusive basis to commercialize and distribute certain intellectual property specifically three issued and pending patents developed by next leaf related to post extraction processing equipment next leaf will receive a royalty equal to 20% of the licensees gross revenue from all sources in exchange for among other consideration the license IP based on the licensees current product backlog and 2020 projections next leaf management estimates the royalty could yield over three million dollars in royalty fees to next leaf in the 2020 calendar year with initial revenue expected to commence in the immediate ter