From the 22nd dec ANN "
Malcolm James(AEB)
added,
"There's no doubt we have secured one of the most coveted assets in the medical Cannabis industry, being our own exclusive lawful and licensed Cannabis seed bank for
our further business development. We are most appreciative to MCL for this contribution.We
are adamant that 2018 will essentially be an extremely busy and fruitful year with many plans being put
into action while both our companies take advantage of new and innovative opportunities this
agreement now opens for us.
“MCL can ensure a seed base will be granted to begin breeding and multiplication programs that will
produce a suitable and consistent bulk
supply of cannabinoids for research through to full production
of developed products.
“AEB will be the exclusive world-wide distributor of all products developed by AEB,
and we are pleased to have been entrusted with this valuable asset by the team at MCL""
It is not just access to plants.. its access to the knowledge about those plants and the seed to grow them. The license that that AEB is applying for, I believe, is for the ability to grow those plants and extract the cannabinoids, terpenes and whatever else they deem fit within Australia, and to develop products from the extracts. ALL extracts from cannabis no matter what cultivar low THC or not is controlled as is the seed. To have access to high quality home grown is valuable hence the agreement. I could be wrong it is only my opinion but I see it as a win win..
AEB Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held