ASX-listed Ecofibre has reported a A$7m loss in FY21 fuelled by falling sales from its Ananda Health division in the US.

Ecofibre’s revenue fell by 43% to A$28.8m in FY21, with profit falling from $13.2m in FY20 to a $7m loss, according to the company’s preliminary financial report.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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