AEB 0.00% $2.57 affinity energy and health limited

Sounds good to me: "The Algae.Tec technology is proprietry and...

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  1. 1,400 Posts.
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    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."

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    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.
 
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