Ecs Botanics Holdings Ltd (AU:ECS) has released an update.
ECS Botanics Holdings Ltd, a medicinal cannabis producer, has reported a 10% revenue increase to $4.0 million in Q3 FY24, signaling a strong growing season and record production expectations. The company is expanding with facility upgrades and construction of new Plant Cultivation Equipment (PCE) to boost production capacity by over 200%, supported by a successful $4 million capital raise to enhance sales and international market penetration. These developments come as cannabis deregulation progresses globally, highlighting ECS’s strategic growth in a dynamic industry.
For further insights into AU:ECS stock, check out TipRanks’ Stock Analysis page.
