Sounds good to me:
"The Algae.Tec technology is proprietry and currently covered under a variety
of patents and know how."
"The Agreement focuses on the following objectives:
1. The development of Cannabis products to supply into the nutraceutical and medical
products market for humans and animals;
2. The development of new closed control growing technologies and the development
of new extraction technologies for non-synthetic marijuana products;
3. All formulations and technology related to CBD extracts and products combined
with algae; and
4. Other applications as agreed by the Parties.
Algae.Tec is expanding its proprietary growing technologies to developing commercial
products from other botanicals such as cannabis and hemp."
Partnered, through a Joint Venture with Winter Garden Biosciences, Algae.Tec believes that the new
business expansion will provide a number of economic benefits for the Company and for shareholders.
ü The exclusive Collaboration and Licensing deal brings together two leading companies with seasoned
management teams, technology and expertise in proprietary and controlled biomass growing
technologies with a fully licensed non-synthetic and IP-protected cannabis-based development and
production company;
ü The deal will enhance Algae.Tec's existing product streams and supply channels and give it near-term
entry into the burgeoning cannabis-based products markets;
ü The optimisation of Algae.Tec's containerised growing system for cannabis-based products will provide
for a highly controlled, replicable, portable growing system that will enable traceability and verification
of products from plant to user;
ü Based on peer-comparisons this represents the cheapest entry into a cannabis based market on the ASX.
