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Algae.Tec to Plant First Batch of Medicinal Cannabis in Uruguay

The 10-acre crop is estimated to yield circa 1000kg of oils, seed extracts and fibre products.

Algae.Tec Ltd (ASX:AEB) is planning to plant the first batch of medicinal cannabis crop in Uruguay this September as part of its research and collaboration agreement with Winter Garden Biosciences.

The companies are developing an initial crop of active heirloom cannabis, without genetically altered structures and with naturally high levels of cannabinoids.

The crop will be planted over 10 acres commencing September 2017, which marks the beginning of the spring growing season in Uruguay.

Algae.Tec will grow, harvest, extract products and sell these unique plants that can be used to create new high potency cannabidiol products in Winter Garden’s Uruguayan laboratories.

The company could also generate immediate revenue through sales of seeds, oils, combined algae products and hemp fibre to the North American and European markets.

These genetically unaltered...

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