ECS Botanics has reported record consolidated revenue of A$15.6 million for FY23, up 117% on FY22 ($7.2m), and EBITDA from continuing operations of $1.6m at a 10% margin.
Over the year, the company achieved positive net operating cashflow which it attributed to strong demand for its products and cost-effective cultivation methods. It manufactured a record 4.2 tonnes of product – a 51% increase on the 2022/23 growing season.
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