ASX-listed ECS Botanics has secured a distribution deal with Woolworths for two of the company's branded soup products containing hemp.
ECS Botanics Holdings Ltd (ASX: ECS or Company) is pleased to announce its distribution partner Just Foods Australia Pty Ltd (JFA) has secured distribution into Woolworths for ECS Botanics Mexican Spiced Bean Soup with Hemp and Indian Masala Lentil Soup with Hemp.
Total revenue to be generated from the distribution of the soups to Woolworths is uncertain at this time. ECS will provide further information regarding timing and order quantities as it becomes available. Further manufacturing runs will be required to meet anticipated first order and subsequent order volumes. The ECS soup products are positioned for people seeking a convenient, great tasting and healthy meal option. They consist of high quality and majority plant-based ingredients, developed by an experienced team of chefs and nutritionists.
The addition of these product lines into Woolworths complements the announcement in November last year regarding the introduction of ECS' Hemp Seed Oil to their range. Woolworths is Australia's largest supermarket chain with 995 stores across Australia and 115,000 employees, with a focus on working closely with Australian growers and farmers to deliver quality products to Australian consumers.
Alex Keach, Managing Director of ECS, commented: "Our Fast Moving Consumer Goods (FMCG) soups are unique in the market place and this latest deal is a testament to the product branding and positioning towards a growing retail segment. The deal also signifies the immense capability of Just Foods Australia, underpinned by the close working relationship we share."
We have built a team of people with complementary skill sets, shared passion and beliefs. Alex Keach, Managing Director of ECS
"While the success we've achieved in the short term is pleasing, most importantly we are setting the foundation and capability to leverage the first-mover opportunity in an exciting, high growth and evolving industry," Keach Concluded.
Disclaimer: Past performance is not an indicator of future performance.
& Keep Up to Date
Get the latest pot stock recommendations, cannabis news
and industry updates straight to your inbox!