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ECS Botanics: Secures $9.9m cannabis supply agreement
FinTechFunding
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ECS Botanics: Secures $9.9m cannabis supply agreement

Steve Sam
By Steve Sam

ECS Botanics Secures $9.9m cannabis supply agreement

  • ECS Botanics (ECS) signs a $9.9 million supply agreement for medicinal cannabis products with German company Ilios Santé GmbH
  • Under the contract, ECS will exclusively supply four medicinal cannabis strains to Ilios Sante, with the first supply anticipated once product registration is complete
  • The products are anticipated to generate a minimum of $9.9 million in revenue for ECS over the deal’s three year term
  • ECS told investors the German medicinal cannabis market is continuing to grow, with German legislators recently moving to legalise recreational use
  • Shares in ECSBotanics last traded at 2.1 cents on January 3

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