ECS Botanics Secures Two Binding Offtake Agreements Worth At Least $11.9M To Supply Medicinal Cannabis Dried Flower

ECS Botanics Holdings Ltd (ASX: ECS) (“ECS” or the “Company”) is pleased to advise that it has entered into two binding offtake agreements worth at least $11.9m to supply medicinal cannabis dried flower over the next three years.

ECS enters into binding contracts to supply:
- Melbourne based Entoura a minimum of $10.2m of GMP manufactured medicinal cannabis dried flower over three years
- Sydney based Precision Pharmaceuticals an estimated $1.7m of GMP manufactured medicinal cannabis dried flower over 12 months, reviewed annually
Demonstrates scaling benefits of recent capacity upgrades and low-cost, large-scale production model

ECS will supply Good Manufacturing Practice (GMP) manufactured, medicinal cannabis dried flower worth $10.2m over three years to Melbourne-based medicinal cannabis company Entoura Pty Ltd (“Entoura”), and GMP manufactured, medicinal cannabis dried flower worth $1.7m over 12 months to Sydney-based Precision Pharmaceuticals Pty Ltd (“Precision”). This agreement is reviewed annually.

Entoura develops and supplies high quality medicinal cannabis products, undertakes training, education and actively supports medicinal cannabis research. Under the offtake agreement ECS will supply a minimum of three strains of GMP medicinal cannabis dried flower exclusively to Entoura.

Precision retails various medicinal cannabis products and conducts research and development. ECS will supply Precision exclusive strains of dried medicinal cannabis flower for inclusion in the Precision retail product range.

First supply under both agreements will occur next quarter (Q1 FY24).

These binding offtake agreements demonstrate the scaling benefits of recent capacity upgrades to improve yields, the addition of more outdoor fields and the increased capacity of the protective cropping enclosures.

Commenting on the agreements, ECS Managing Director, Nan-Maree Schoerie said:

It is rewarding to see the momentum across our entire business, with sales, distribution and customer relationships performing strongly. These latest two Australian offtake agreements, worth at least $11.9m in sales, come soon after recent agreements worth $9.9m to supply products in the German market.

“ECS’ focus is on building a cost-efficient, large-scale, B2B business that can supply a multitude of retailers with medicinal cannabis flowers and oils. We view respected companies such as Entoura and Precision, who focus on improving patient access through affordable quality products and education, as ideal partners in supporting the growth of the medicinal cannabis industry in Australia.”

Entoura Managing Director, Daniel Brighthope said:

“We are truly pleased to secure a long-term supply agreement with ECS Botanics. Their expertise in cultivating premium-grade cannabis, coupled with our shared commitment for better patient outcomes, will enable us to reliably provide our prescribers and their patients with the highest quality and innovative products at affordable prices.”

The binding offtake agreements can be terminated by either party on written notice by mutual agreement, or in the event of bankruptcy or a government authority restricting a material part of either party’s business, or if either party breaches any provision of this Agreement and fails or is unable to cure such breach within thirty days after receiving written notice requiring it to do so.

Entoura and Precision Pharmaceuticals may terminate the agreements upon written notice if ECS fails to establish and maintain industry quality standards required under applicable law at its site and has not remedied such deficiencies within thirty days following receipt of written notice of such deficiencies. ECS may terminate the agreements immediately upon written notice if the Purchaser fails to make any payment when due and has not remedied such non-payment within ten business days.

Click here for the full ASX Release

This article includes content from ECS Botanics Holdings Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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Trulieve Cannabis Corp. to Hold Fourth Quarter and Full Year 2024 Results Conference Call on February 27, 2025

Trulieve Cannabis Corp. (CSE: TRUL ) (OTCQX: TCNNF ) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., will hold a conference call on Thursday, February 27, 2025 at 8:30 AM Eastern Time following the release of its fourth quarter and full year 2024 financial results.

Chairman, Founder, and Chief Executive Officer Kim Rivers and Chief Financial Officer Wes Getman will participate on the call to review Trulieve's financial and operating results.

Interested parties can join the conference call by dialing in as directed below. Please dial in 15 minutes prior to the call and ask to join the Trulieve Cannabis Corp. call.

North American toll free: 1-844-824-3830	Passcode:	0313762
International: 1-412-542-4136	Passcode:	0313762

A live audio webcast of the conference call will be available at:
Trulieve Fourth Quarter and Full Year 2024 Results Call

An archived replay of the webcast will be available at:
https://investors.trulieve.com/events

About Trulieve
Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S., with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF . For more information, please visit Trulieve.com .

Facebook: @Trulieve
Instagram: @Trulieve _
X: @Trulieve

Investor Contact
Christine Hersey , Vice President of Investor Relations
+1 (424) 202-0210
Christine.Hersey@Trulieve.com

Media Contact
Phil Buck , APR, Corporate Communications Manager
+1 (406) 370-6226
Philip.Buck@Trulieve.com

View original content to download multimedia: https://www.prnewswire.com/news-releases/trulieve-cannabis-corp-to-hold-fourth-quarter-and-full-year-2024-results-conference-call-on-february-27-2025-302368139.html

SOURCE Trulieve Cannabis Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/05/c7953.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Trulieve Cannabis Corp. to Hold Fourth Quarter and Full Year 2024 Results Conference Call on February 27, 2025

Trulieve Cannabis Corp. (CSE: TRUL ) (OTCQX: TCNNF ) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., will hold a conference call on Thursday, February 27, 2025 at 8:30 AM Eastern Time following the release of its fourth quarter and full year 2024 financial results.

Chairman, Founder, and Chief Executive Officer Kim Rivers and Chief Financial Officer Wes Getman will participate on the call to review Trulieve's financial and operating results.

Interested parties can join the conference call by dialing in as directed below. Please dial in 15 minutes prior to the call and ask to join the Trulieve Cannabis Corp. call.

North American toll free: 1-844-824-3830	Passcode:	0313762
International: 1-412-542-4136	Passcode:	0313762

A live audio webcast of the conference call will be available at:
Trulieve Fourth Quarter and Full Year 2024 Results Call

An archived replay of the webcast will be available at:
https://investors.trulieve.com/events

About Trulieve
Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S., with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF . For more information, please visit Trulieve.com .

Facebook: @Trulieve
Instagram: @Trulieve _
X: @Trulieve

Investor Contact
Christine Hersey , Vice President of Investor Relations
+1 (424) 202-0210
Christine.Hersey@Trulieve.com

Media Contact
Phil Buck , APR, Corporate Communications Manager
+1 (406) 370-6226
Philip.Buck@Trulieve.com

View original content to download multimedia: https://www.prnewswire.com/news-releases/trulieve-cannabis-corp-to-hold-fourth-quarter-and-full-year-2024-results-conference-call-on-february-27-2025-302368139.html

SOURCE Trulieve Cannabis Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2025/05/c7953.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

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