Australia's ECS Botanics climbs on supply deal with German firm

ECS Botanics Holdings

04/01/2023 04:28

(Updates with weekly moves)
    ** Shares of ECS Botanics Holdings Ltd  ECS.AX  climb as
much as 33.3% to A$0.028 - set for best day since June 16, if
gains hold
    ** The hemp-based food maker says it has entered into a
three-year agreement with German firm Ilios Santé GmbH to supply
medicinal cannabis products
    ** Co says deal will generate a minimum of A$9.9 mln ($6.65
mln) in revenue over the next 3 years
    ** ECS stock rises 25% so far this week 
    ** Co shares hit highest level since Sept 2
    ($1 = 1.4885 Australian dollars)
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com))