Algae.Tec Ltd. has entered into a Collaboration and Licensing Agreement with Winter Garden Biosciences of Uruguay to grow, harvest, extract and sell these unique and valuable plants, seeds and oils to key global markets. Under the terms of the Collaboration and Licensing Agreement, AEB's share of the revenue from this crop and future crops is 75%. Based on current market pricing for cannabis oil, seed extracts and fibre products, revenue from this first crop is expected to be between USD 6 million-USD 8 million from product sales. The open field in Uruguay is now being seeded with JDI 3.0 Sativa strain of cannabis. Seeding will utilise, subject to density, between two and ten kilos per acre. The current seed stockpile is sufficient for 100+ acres.