Ecofibre Ltd. (AU:EOF) has released an update.
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Ecofibre Ltd. has successfully renegotiated the terms of its 7 million AUD loan with the James & Cordelia Thiele Trust Fund, extending the repayment date and adjusting the interest rate, aiding the company’s pursuit of positive cash flow across its diverse business units. The company specializes in sustainable materials, cannabinoid health products, gynecological disease treatments, and hemp seed genetics, reflecting its strategic focus on high-quality manufacturing and technology in the US and Australia.
For further insights into AU:EOF stock, check out TipRanks’ Stock Analysis page.
