ECS is an agribusiness and hemp food (wholesale and retail) company which ispositioned to take advantage of the growth in Australia’s industrial hempindustry.ECS has recently concluded its maiden hemp harvest from its Tasmanianoperations and holds licences to cultivate, supply and manufacture industrialhemp in Tasmania for non-therapeutic commercial purposes, a licence for thecultivation, supply and manufacture of industrial hemp in Tasmania for non-therapeutic research purposes, a grower licence to engage in the production of industrial hemp in Queensland for commercial purposes and licences to importand export hemp seeds to and from Australia.ECS also has licence applications with the Office of Drug Control for thecultivation and manufacturing of medical cannabis.Following the successful capital raising and recompliance, ECS will now advancethe sales agenda by hiring new sales and marketing staff, developing innovativenew hemp food products with our partners and increase hemp cultivation andsales volumes.Mr David McCredie, Chair of ECS commented:“Hemp is a high value agribusiness opportunity with the potential forsubstantial future growth. ECS, with its Tasmanian based operations,diversified business model and management knowledge and expertise,has a unique opportunity and an exciting future.”
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