Wide Open Agriculture, Saputo Dairy Terminate MoU

MT Newswires Live06-06

Wide Open Agriculture (ASX:WOA) and Saputo Dairy Australia mutually terminated their non-binding memorandum of understanding signed in 2023, according to a Thursday filing with the Australian Securities Exchange.

The original purpose of the MoU was to explore the commercial production of Buntine Protein at Saputo's manufacturing facility. However, both parties have determined that their present schedules and priorities do not permit them to pursue a legally binding agreement at this time, the filing said.

The companyâs immediate priorities remain focused on converting its sales pipeline to maximize its German production facility, according to the filing.

Price (AUD): $0.02, Change: $, Percent Change: %

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