News on the INITIAL plans to develop medicinal canabis project back in Aug.
https://www.businessnewsaus.com.au/articles/ecs-botanics-unveils-plans-for-major-cannabis-growing-project.html
Stage 1 capital expenditure of $1.7m (majority of infrastructure)
Stage 2 & 3 total capital expenditure of $1.2m. So likely Raising $1.2M @ 4.5c ~26.6M extra shares.
ASX announcement 13/8/20
Funding for future stages (stages 2 & 3) will require a combination of other capital sources
of which may include strategic investors, government grants, secured debt, offtake and
project cash flows. Each of these is currently being investigated.
News on the INITIAL plans to develop medicinal canabis project...
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