ECS Botanics (ASX:ECS) secures $11.9m to supply medicinal cannabis dried flower in Australia

ECS Botanics (ASX:ECS) secures $11.9m to supply medicinal cannabis dried flower in Australia

ECS Botanics (ECS) has entered two offtake agreements worth a combined more than $11.9 million to supply medicinal cannabis dried flower in Australia. The company announced it will supply Melbourne-based Entoura with Good Manufacturing Practice (GMP) medicinal cannabis dried flower, worth $10.2 million over three years. Entoura supplies and develops high-quality medicinal cannabis products, but also…

ECS Botanics (ASX:ECS) frees up funds with asset sales and new debt facility

ECS Botanics (ASX:ECS) frees up funds with asset sales and new debt facility

Medicinal cannabis company, ECS Botanics (ECS) has launched the sale of two assets and secured a new loan facility. The company agreed to sell its hemp food and wellness business for $250,000 to Ananda Food, with contract completion expected in August upon the finalisation of due diligence. In addition, the company has planned to sell its…

ECS Botanics (ASX:ECS) hands over Tasmanian assets to Blue Buffalo

ECS Botanics (ASX:ECS) hands over Tasmanian assets to Blue Buffalo

ECS Botanics (ECS) has reached financial settlement of its Tasmanian medicinal cannabis business and assets for $3 million. The medicinal cannabis company agreed to sell its subsidiary, TasCo, which holds its Tasmanian operations and farm, to Blue Buffalo for $3 million. On October 24, the company announced to the market it had entered an unconditional…

Medicinal cannabis grower ECS Botanics locks in $24m supply deal with MediCann Health

Medicinal cannabis grower ECS Botanics locks in $24m supply deal with MediCann Health

Shares in ECS Botanics (ASX: ECS) rose by more than 22 per cent this morning after the Victorian medicinal cannabis grower and manufacturer announced its third supply contract win in just over three months, taking the total value of agreements reached since late June to $35.9 million.

‘Our first cannabis crops failed, but we learned along the way’

‘Our first cannabis crops failed, but we learned along the way’

Having a regulatory compliance expert for a husband may have kick-started her cannabis career, but Nan-Maree Schoerie is ploughing her own path in the industry. In the first of a two-part interview with Cannabiz, she tells of the early days of Murray Meds and explains why greenhouse growing is no longer sustainable in Australia. Sometimes in…

ECS Botanics will supply cannabis biomass to Sun Pharma to produce resin under a 10-year deal
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ECS Botanics inks cannabis supply and tolling deal with Sun Pharma

Medicinal cannabis and hemp company ECS Botanics Holdings (ASX: ECS) has revealed it has entered into a collaborative supply and toll processing agreement for cannabis biomass extraction with pharmaceutical company Sun Pharma. Sun Pharma is an Australia-based subsidiary of Sun Pharmaceutical Industries, the fourth largest specialty generic pharmaceutical company in the world. With global revenues in excess…

Alex Keach “I GREW UP WITH POPPY FIELDS ALL AROUND ME. SO, WHY NOT CANNABIS?”

Alex Keach “I GREW UP WITH POPPY FIELDS ALL AROUND ME. SO, WHY NOT CANNABIS?”

Australian cannabis companies are standing out as making a cautious yet steady entry into the cannabis industry. One of these companies is ECS Botanics. “ECS Botanics started as a hemp company,” says Alex Keach, founder, and Managing Director of ECS Botanics. “We have a farm in Tasmania where we grow our cannabis outdoors.” The idea…

Cannabidiol: The ultimate investor’s guide to a potential $64 billion global market

Cannabidiol: The ultimate investor’s guide to a potential $64 billion global market

Cannabis has been used as medicine for thousands of years. Ancient Indian, Chinese, and Egyptian civilisations have all employed it to cure various illnesses. But increasing recreational use and perceived harm to society meant that it has been outlawed in many countries since the early 20th century. In the US for example, cannabis was restricted…

ECS Botanics Managing Director Message: Why Australia for Medicinal Cannabis

ECS Botanics Managing Director Message: Why Australia for Medicinal Cannabis

Dear shareholders, FY21 has been a defining year for the company as we start to leverage assets that we have established in proceeding years. These include our production base, industry leading team and culture, intellectual property and systems. As a result, the company is at a major inflection point. We are now in a position…

Is medical marijuana legal in Australia – A Budding Industry

Is medical marijuana legal in Australia – A Budding Industry

Australia has the potential to become the international gold standard for production of medicinal marijuana and multiple ASX-listed companies are seeking to benefit. – Is medical marijuana legal in Australia: Manufacturing of medicinal cannabis products has been legal in Australia since 2016-Australian revenue from medicinal cannabis projected to double in 2021 to $200m-Australia has the potential…