They had stated that these "offtake agreements" should be good to go soon. With a downgrade of security framework for Low THC medicinal cannabis like Hemp, ECS should definitely benefit from this. They also plan to embark on a major commercial growth next season at a much larger scale then first planned as well as the new regulatory benefits allowing for additional opportunities of the plant and less wastage of the plant, leading to more revenue in the future.
On top of that, ECS was already forecasting to be Australia's largest producer of medicinal cannabis.
IMO, this stock should be well above 3.8c, hopefully the market wakes up to it.
All IMO, not financial advice. DYOR
~CW
Source: *
Ann: Quarterly Activities Report and Appendix 4C, page-36
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1.8¢ |
Change
0.002(12.5%) |
Mkt cap ! $23.19M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.8¢ | 1.6¢ | $29.40K | 1.703M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2000000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 888255 | 6 |
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| ECS (ASX) Chart |