ECS Botanics Holdings Ltd (ASX:ECS)

  • Symbol:ASX:ECS
  • Sector:Consumer
  • Industry:Retail
  • CEO:Alex Keach
  • Founded:1986
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ECS Botanics Holdings Ltd (ASX:ECS) Stock Price

Disclaimer: Past performance is not an indicator of future performance.

ECS Botanics Holdings Ltd (ASX:ECS) Company Overview

Tasmanian- based ECS Botanics Holdings Ltd sells low-psychoactive hemp seed as a food in Australia, which is currently estimated to be an US$8 billion market.

Granted both a Medicinal Cannabis Manufacturing License and a Medicinal Cannabis Cultivation License from the Office of Drug Control, ECS undertakes both cultivation and manufacturing.

ECS Botanics' quarterly report for Q3 2020 saw total sales revenue for the period grow to $272k as momentum continued on orders from Just Foods Australia (JFA) for product to be stocked in Woolworths stores, in addition to wholesale and online sales.

The Company just recently announced a non-binding collaboration agreement with Essential Oils of Tasmania for the pursuit of strategic research and the capitalisation of commercial hemp seed oil, cannabinoid and terpene sector opportunities.

ECS also owns a strategic stake in TapAgrico for the logistics, drying and storage of hemp seed.

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