Affinity Energy and Health has appointed Terry Gardiner as non-executive director and Jessica Rodrigues as company secretary, following the retirement of Josh Puckridge from both t
Our daily board moves wrap includes Sonu Cheema, Malcolm James, Craig Barnes, John Blower, Jude Turton, Jeffrey Williams, Ashok Parekh, Peter Hunt, Peter Bilbe, Jonathan Price, Peter Rozenauers, Bianca Taveira, Stephen Hewitt-Dutton, Shannon Green, and Steve Formica.
Affinity Energy and Health has signed a non-binding heads of agreement with St John of God Hospital Subiaco to identify and undertake medical cannabis research and development projects. St John has a strong focus on research and medical excellence that is expected to help Affinity underpin the commercialisation of its Australian medical cannabis strategy.
Affinity Energy and Health is now one of just a handful of companies that have received approval to establish a medicinal cannabis cultivation and manufacturing facility in Malta. The company plans to use its proven RotoGro technology used in Canada to develop a facility capable of producing 3000 kilograms of cannabis bud per annum once all expansions are completed.
Affinity Energy and Health has doubled its algae culturing capacity from 20 grams per litre to 40gpl through innovative operating procedures without incurring any additional capital or operating cost increases. The company has identified potential to further increase its algae culturing capacity to 60gpl and expects to increase algae production to more than 250 tonnes per annum with minimal capital expenditure.
Affinity Energy & Health has signed an MoU with Skin Elements to investigate the use of its algae based products and cannabis oils in Skin Elements' range of natural skin care products. Commercial terms and financial arrangements will be negotiated at an appropriate time as product development initiatives progress.
ASX listed Affinity Energy & Health, formerly known as Algae.tec, has developed a breakthrough algae-based fish feed product for the aquarist market that has a long shelf life and does not require refrigeration. Distribution partner Seachem Laboratories will promote the product to key international aquarist markets through its networks and it has already received a first bulk order.
SPECIAL REPORT: AusCann has benefited from a wave of interest in medicinal cannabis for pain relief to be the BN30's top performer in shareholder returns for the year to June 30.
Algae.Tec expects its Uruguayan partner Auberna to harvest the first crop of cannabis soon with up to 50kg of high-grade cannabidiol resin and powder to be delivered in the September quarter. The product is expected to sell for up to US40,000 per kg and the company is working with a range of wholesalers to arrange supply agreements for it.
Algae.Tec has secured a funding facility of up to $7m from New York financier Magna to drive several near-term expansion and development initiatives aimed at commercialising its algae and medicinal cannabis divisions. It is also finalising the spin-off of its Uruguay medicinal cannabis interests into a wholly-owned subsidiary that will seek up to $10m via a public listing.
Algae.Tec has locked down a research deal with Canada's Radient Technologies that will see the health sciences company accelerate the production of high-value algae-based products into the lucrative global nutraceuticals market. Algae.Tec will use Radient's unique extraction technology to boost yield and consistency of its algae-based products that are in development for the nutraceuticals market.
Algae.Tec has received the tick of approval from one of the largest aquariums in the world to supply it with its algae-based product as the Perth health sciences company continues to aggressively push into the lucrative US aquarist market. Algae.Tec's FeedMe product has been approved for use at the Georgia Aquarium, which receives over 2.4 million visitors annually and houses 100,000 marine animals.
Westgold Resources Limited (ASX:WGX) (Westgold) is pleased to advise that its wholly owned subsidiary, HBJ Minerals Pty Ltd (HBJ) has signed mining tribute agreement over Cannon Mine area.
The resignation of Talisman Mining's managing director and the appointment of a new chief executive at Tiger Resources are among the recent board changes at four local junior miners.
Subiaco-based biofuels developer Algae.Tec has signed an agreement to provide its technology for Phoenix Energy Australia's proposed waste to energy plant in Kwinana.
Biofuels developer Algae.Tec has signed on with refining group Biodiesel Industries Australia to refine algal oil from the Perth-based company's biofuel production facility near Sydney.
Perth-based biofuels developer Algae.Tec has signed on with New South Wales power generator Macquarie Generation to build an algae carbon capture and biofuels production facility alongside a 2640 m
Climate action groups have hailed parliament's approval of a carbon tax, but the passage of the emissions legislation through the Senate has riled the mining and property sectors, which have questi
Perth-based biofuels company Algae.Tec says the introduction of a carbon price will accelerate uptake of its technology by carbon dioxide emitting industries.
