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News on the INITIAL plans to develop medicinal canabis project...

  1. Janipalahi
    332 Posts.
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    10/12/20
    13:38
    Post #: 49484225


    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.


    ECS Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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