Affinity Energy and Health Limited and Skin Elements Limited announced they have entered into a Memorandum of Understanding to pursue the
application of Affinity's algae biomass and oils, and cannabis oils for use in Skin Elements' range of natural skin care products. The MoU represents a significant opportunity for the two companies to collaborate on the development of a new range of algae and cannabidiol (CBD) based products for supply to key global markets and to deliver enhanced product specifications for Skin Elements skin care products. Affinity is a diversified plant-based health and wellbeing company, with a core operating division dedicated to the development of both algae-based and cannabis-based products for supply to global nutraceutical markets. Skin Elements is focused on the development, manufacture and sales of natural and organic skin care products - including the market leading Soléo Organics 100% natural and organic sunscreen, PapayaActivs natural therapeutics, Complete Esscience natural skincare and Elizabeth Jane Natural Cosmetics skincare. Under the MoU, Affinity will respond to outcome requirements and supply its high quality algae and cannabis oil formulations in either discrete or blended forms which Skin Elements will utilise to develop new and innovative product formulations.