Ann: Trading Halt, page-72

I watched it and can recall the following points in my own words:

• ECS has more offtakes than current capacity
• Organic growth is too slow
• Desire to be number one producer in Oz
• Desire to be cheapest flower producer in Oz
• Desire to be first in class with VesiSorb type solutions
• i.e. sees first mover advantage important for market share
• Only producer with organic certification (expected soon)
• Desire to be Best in Class producer with cheapest Australian production
• Performance of peers suggest some will hit the wall in the near term.
• With peers closing there is an opportunity to win more clients.
• i.e. need to be ready to service them
• ECS have a 4 year growth plan for PCEs
• ECS has approval for 13 tpa and needs this expansion to reach that.

Some smart questions were asked and answered

• ECS is already servicing veterans
• The VesiSorb solution will make a difference because the oils taste pretty horrible apparently.

IMO being FIC and BIC is important to Nan and ECS.
It makes a huge difference to market share in the long run.

That's all I remember.

Cheers