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ECS BOTANICS HOLDINGS LTD (ASX: ECS)

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ECS: Monthly Activities/Appendix 4C Cash Flow Report

ECS BOTANICS HOLDINGS LTD

  1. Quarterly revenue increased to $4.56m, a 94% increase on the prior quarter
  2. Cash receipts from customers of $3.86m, a 51% increase on the prior quarter
  3. Key milestone of positive quarterly cashflow achieved

2023-01-16 10:04:00

ECS: ECS Secures $9.9m Supply Agreement into Germany

ECS BOTANICS HOLDINGS LTD

  1. ECS Botanics executes binding agreement with Ilios Sante GmbH to supply a minimum of AUD 9.9m worth of GMP manufactured, medicinal cannabis products over 3 years
  2. German medicinal cannabis market continues to grow strongly, with German legislators recently moving to legalise recreational use
  3. Ensuring that Ilios not only had the necessary narcotic licenses but also has its own clinic network, and the ability to adapt to future changes in cannabis legislation were key elements in securing the agreement.

2023-01-04 08:20:00