Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-64

Just listening to the Oz Biz interview available on the Investor Hub and below are bullet points of what Nan discussed.

• ECS signed over $50m in contracts last year which will show as revenue this year.
• They see the market for ECS growing quickly and a lot of growth coming
• R+D for production improvements a success using light and heat in winter
• Production improvement upgrades being rolled out to 4 PCE's this year
• Good loyalty from Oz customers
• Excellent opportunities with Europe who have high regulatory hurdles ECS are passing, particularly in Germany and Poland
• Expecting excellent growth in German, Polish and other European markets this year
• Exports to grow from 15% of revenue to 40% of revenue
• No real difference in margins between local and international markets
• Expecting to receive Organic Certification in the next couple of months
• Once certified Organic ECS can get an extra premium on price
• Expecting MC cultivation industry to consolidate this year and likely to see some other producers fail, which creates other market share opportunities for ECS
• Currently a B2B business, with more margins available when they launch their B2C range later this year.

DYOR
This is not advice just my observations of the interview

Changed sentiment to a buy, but a not allowed to buy until some home renovations are completed

Cheers