Algae Dynamics (OTC: ADYNF), developer of unique health products infused with cannabis and algae oils, has received an investment of $250,000 from Teewinot Life Sciences Corporation, developer of biosynthetic cannabinoids. Algae Dynamics says it will use the funds for its research programs with The University of Waterloo and University of Western Ontario, as well as general administrative and compliance purposes.
“These funds will allow us to continue our important university research programs and provide resources to move forward at an accelerated pace. We believe this new relationship with Teewinot will provide strategic value that will provide long term benefits for all of our key stakeholders,” Algae Dynamics chairman and President Paul Ramsay stated in the news release.
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About Algae Dynamics Corp.
Algae Dynamics Corp is engaged in the development of unique health products that utilize cannabis and algae oils. The company has engaged two Canadian Universities to provide research and to develop products that combine the significant health benefits of Omega-3s derived from algae oil and extracts from cannabis oil. Algae’s research is focused on the development of these oils for the potential reduction of certain types of cancer cells, and the use of cannabis derivatives for the development of novel pharmacotherapies for mental health. For more information, visit www.AlgaeDynamics.com
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