FinTechFunding

ECS Botanics: Posts record revenue for first half of FY23

ECS Botanics Posts record revenue for first half of FY23

  • ECS Botanics (ECS) posts record half-yearly revenue of $6.98 million for the six months to the end of December 2022
  • It marks an increase of 196 per cent on the prior corresponding period (PCP), while cash receipts grew by 218 per cent to $6.32 million
  • The company said the result was underpinned by strong and growing demand for its cannabis oil and dried flower products in Australian and overseas markets
  • ECS also added three new key personnel, onboarding a GMP Cannabis Quality Manager, a Post Harvest Manager and a PCE Cultivation Leader
  • Shares in ECS close grey at 2.6 cents on Tuesday afternoon
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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