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