Affinity Energy and Health and St John of God Health Care Inc. Sign Heads of Agreement to Research Medical Cannabis.
Plant-based health and wellbeing company Affinity Energy and Health Limited (“the Company” or “AEB”) (ASX: AEB) is pleased to announce the execution of a non-binding Heads of Agreement (“HOA”) with St John of God Health Care Inc, an incorporated association with limited liability trading as St John of God Subiaco Hospital (SJGHC) to support Medical Cannabis research and development activities. Under the 2 year HOA, AEB and SJGHC will collaborate to identify and undertake research projects and the development of medicinal cannabis products. Established in 1898, St John of God Subiaco Hospital (SJG Subiaco) is a world-class private hospital with a long and enviable track record of undertaking research to deliver effective, evidence-based care. With 578 beds and around 900 highly qualified medical practioners, the hospital provides a wide range of medical and specialty services. SJG Subiaco’s focus on research and medical excellence makes it an obvious partner for AEB’s new research projects related to the pioneering area of medical cannabis. No commercial or financial terms have been detailed in the HOA as these will be determined as project programs and projects are defined. Affinity Energy and Health Limited’s Executive Chairman, Mal James commented, “We are excited to have entered into this agreement with St John of God Health Care Inc, as it further underpins the commercialisation of our Australian medicinal cannabis strategy whilst taking the potential benefits straight to the most important stakeholder, the patient” -ENDS
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