Australia's ECS Botanics rises most in over 2 weeks on strong cannabis sales

ECS Botanics Holdings

21/06/2023 03:45

** Shares of Australian hemp-based food maker ECS Botanics
Holdings Ltd  ECS.AX  rise as much as 10% to A$0.022, their
biggest intraday pct gain since June 2 
    ** Co posts a 51% increase in 2022/2023 season production of
dried cannabis flower to be sold into the medicinal market in
Australia or overseas  urn:newsml:reuters.com:*:nASX7SfVQk
    ** Says A$2 mln ($1.36 mln) loan funding has been approved
by National Australia Bank 
    ** Posts high volume sales growth with record sales of A$2.8
mln in May 
    ** Shares hit their highest level since June 5 
    ** More than 1.3 mln shares change hands, compared with the
30-day average volume of ~745,550 shares  
   

     ($1 = 1.4734 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))