ECS Botanics Holdings, an Australian medical marijuana cultivator in Victoria, reported a significant jump in revenue to 7.3 million Australian dollars ($6.5 million) in its second fiscal quarter ending Dec. 31.
The company reported revenue in the October-December quarter was a 78% increase over the same three months one year earlier, when sales were AU$4.1 million, according to a news release.
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ECS Botanics credited the growth in sales to increased revenue from both oils and flower from existing medical cannabis customers along with the addition of new “key customers.”
Some highlights for the quarter include:
Sending a trial shipment to Ilios Santé, a pharmaceutical company in Frankfurt, Germany. Expanding the company’s outdoor cultivation area by 60%. Positive operating cash flow of
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