Australia's ECS Botanics tanks on discounted placement

ECS Botanics Holdings

13/11/2025 03:36

** Shares of ECS Botanics ECS.AX fall as much as 25% to A$0.006, dropping most since mid-May

** Stock hits lowest since October 1

** Medical cannabis maker to raise A$1.95 million ($1.27 million) through placement

** Offer price of A$0.0065 per share marks an 18.8% discount to stock's last close

** Shares fall 52.9% YTD, including day's moves

($1 = 1.5389 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))