ECS – ECS Botanics Holdings

ECS surging this morning, lifting off a double bottom at 4.1c, after the company announced that its distribution partner Just Foods Australia Pty Ltd has secured the distribution of ECS Botanics 250ml Hemp Oil product into 850 Woolworths stores. ECS expects to dispatch the first order intended for Woolworths stores on 13 January 2020.

Total revenue to be generated from the distribution to Woolworths is uncertain at this time, with no minimum volumes guaranteed. ECS will provide further information with regard to revenue and sales traction as it becomes available.

Good news from ECS to be sure, but with no detail about revenue or sales volume, it is a little hollow. It would be good to know how this deal with affect the company’s bottom line.

ECS currently up 43.90% to 5.9c so far today on heavy volume of more than 40 million shares.

 

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