ECS 0.00% 1.6¢ ecs botanics holdings ltd

Still waiting for the outcome. It was lodged with the ODC back...

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    Still waiting for the outcome. It was lodged with the ODC back in April 2021 and since a variation to the maximum quantity allowed under a license requires a complex variation be submitted the processing time is 10 months. We should be hearing about the outcome by the end of Feb, although there might be delays as there is a transition underway to the new licensing regime which will lower the regulatory/administrative burden on all license holders.

    If it's approved it will be a game changer for ECS. Apart from the huge boost to revenue it will also mean economies of scale will lower the cost per gram from 60c to an expected 20c. You realise how cheap that is when you compare it to others in the industry like CAN at $1 per gram.
 
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