Australia's Ecofibre eyes best day in over 5 months on distribution deal

Ecofibre

19/01/2021 01:22

** Shares of Ecofibre Ltd  EOF.AX  rise as much as 8.8% to
A$1.975, their biggest intraday pct gain since Aug. 7
    ** Stock trading at its highest since Dec. 30
    ** Hemp products maker signs exclusive distribution deal
with MEDISCA Inc, a medical drug supplier across U.S., Canada
and Australia  urn:newsml:reuters.com:*:nASX7d0qkX
    ** Under deal, MEDISCA is exclusive compounding pharmacy
distributor for Ananda Health products in U.S., Canada and
Australia    
    ** Stock has lost 4.7% YTD, as of last close

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))