Ann: SKN: SKN and AEB enter into algae / cannabis MOU, page-2

The agreement you have when you need to make a announcement???

At least the ASX is now forcing some disclosure so stuff without much detail or commitment it as least noted.

Will have a look at SKN to see what their business is like and their ability to actually buy product from AEB and launch  and in what timeframe.

Weird with no product actually developed etc there is exclusivity in 1 direction only and SKN literally tell competition what direction they are thinking of heading- lets see if it makes it past 6 month " review"of if any other details come to light .

As a MOU - this contract has so many holes in it IMO like a claytons MOU - The mou you have when you aren't having a MOU?? It is hardlya  commitment by either party or am I missing something?

"

About the MoUThe MoU is a non-binding agreement with an initial timeframe of 12 months and the capacity toextend subject to the agreement of both parties. Affinity will be the exclusive supplier of both algaeand CBD oils to Skin Elements. It is intended that the MoU will be formally reviewed at six monthlyintervals, but it can also be reviewed and amended at any time by agreement of both parties. Eitherparty may terminate this MoU with the provision of one months notice.Both parties would also like to advise that the economic impact of the MoU is yet to be determined,with commercial terms and financial arrangements to be negotiated at an appropriate time asproduct development initiatives progress. Both Skin Elements and Affinity will keep the marketinformed of such negotiations in due course."