- CEO:Eric Wang
EcoFibre (ASX:EOF) Stock Price
Disclaimer: Past performance is not an indicator of future performance.
EcoFibre(ASX:EOF) Company Overview
Ecofibre Limited (ASX:EOF) is a relative newcomer to the ASX—having only listed in March 2019—but it's already been making considerable headway into the hemp market. The company's activities are currently split between the Australian and US markets, and although the company is based in Queensland it's currently deriving the lion's share of its income from American consumers.
Ananda Health provides high-quality hemp-derived nutraceutical products to the US market. Ananda Professional brings to market the first fully compliant and legal CBD oil product line created specifically for the needs of independent pharmacies and healthcare professionals.
Ananda Food, in operation since January 2018, provides 100% Australian grown hemp food to the Australian market.
Hemp Black will provide sustainable hemp-based solutions that improve the technical properties of existing consumer and industrial products across a range of industry segments. This business is expected to be a major future earnings driver with its innovative hemp-based products in textiles that Ecofibre is developing in partnership with Thomas Jefferson University in Philadelphia.
Ecofibre is already well established in the US wellness market and produces a number of popular CBD-based topical creams, salves, and nutraceutical products for humans and animals. Thanks to robust US sales the company managed to take home $5.7 million in fiscal revenue for 2018, while the last six months have produced unaudited returns of $13.3 million.
- Address:Level 12, 680 George Street, Sydney, NSW 2000, Australia