I beg to differ there mate,, a good portion of the $20m raised...

I beg to differ there mate,, a good portion of the $20m raised from the IPo is set aside for increasing food crop yields. Admittedly, more customers for ananda own label products, but the company has made it known in the past that white label clients are waiting to come onboard once enough product is available. 900 tons although more than last year is still below what they were hoping for. Released before this years harvest past company statements include
• Integria is anchor white label client - very strong relationship since 2016
• Thomson’s brand very committed to plant based super food
• New white label clients will come on board when we can provide supply at scale
• Lots of unmet demand for hemp seed in Australia today. Some being met by imported seed.
• Balance 2018 sales -v future output targets
• 2018: 360 ton of output (70 ton saved for 2019)
• 2019: 2,000 ton of output
• 2020: 5,000 ton of output
• Output targets require land, farmer training and planting seed. Scale takes time to build properly
• Key actions: seed management and large scale farming partners
• Ecofibre has built and will add additional infrastructure to handle 15,000 ton of food processing capacity