Australia's ECS Botanics rises on solid quarter update

ECS Botanics Holdings

10/07/2023 03:29

** Shares of ECS Botanics Holdings  ECS.AX  rise as much as
21.7% to A$0.028, their highest since Feb 6
    ** Medicinal cannabis co says its Q4 revenue more than
doubled to A$4.97 mln ($3.32 mln), from last year
    ** Co says it saw a 51.5% increase in production of dried
cannabis flower in 2022/2023 season 
    ** Co enters FY24 off the back of two major supply
agreements and well positioned to continue to grow revenue and
profit
    ** Stock up 15% YTD, as of last close 
 


($1 = 1.4959 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))