Australian US Company Eco Fibre borrows $AUD4 million to try & save itself from freefall | Cannabis Law Report | How to buy Skittles Moonrock online
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Cannabiz Australia has this story about a company that features a Wesfarmers director as chairperson and a companion of the order of Australia on the board amongst others
Once again it goes to prove that non cannabis/ hemp people in the industry however much money and influence they have to throw about cannot get their collective heads around how to make companies work.
Essentially it comes down to the some might say oversimplified argument that if you aren’t a head you don’t know what heads want.
I know that EcoFibre isn’t exactly product for heads but in the end they need to sell to those who embrace cannabis or hemp
Expect to see more of the same
OUR BUSINESSES
Ecofibre owns a portfolio of high-quality advanced manufacturing and technology businesses in the United States and Australia. We operate three vertically integrated businesses focused on sustainable polymers and natural materials, natural health care, and hemp seed genetics. In addition, we own a majority interest in a pharmaceutical business, EOF-Bio Inc., that is developing treatments for malignant and non-malignant gynecological diseases.
Ecofibre Genetics has 20+ years of experience in research & development, plant breeding, and region-specific varietal suitability.
We own one of the largest and most diverse collections of genetics with over 300 landraces of cannabis from over 25 countries.
Ananda Health is a leading manufacturer of plant-based wellness products for human and pet consumption. We provide high-quality, research-backed products in the US and Australia targeting conditions including blood sugar glucose management, weight management, women’s health, sleep, pain & discomfort, stress & anxiety, focus & memory, immune support and pet care.
Our Ananda Professional brand is exclusive to United States independent pharmacies.
Our newest brand, Ananda Wellness, is inspired by nature to
create, produce and deliver wellness solutions which allow our
customers to thrive. Focusing on GLP-1 Support products, two
critical areas are addressed, diabetes glucose support and
weight management.
Ecofibre Advanced Technologies (formerly known as Hemp Black) is an advanced manufacturing business with specialist capabilities in polymer compounding, sustainable materials and performance yarn extrusion.
EOF Bio Inc. is a majority owned, US-based clinical-stage biotechnology company focused on a new generation of patient-centered cannabinoid-based drugs that improve health outcomes and enhance quality of life, starting with women’s health and endometriosis. Spun out of Ecofibre in July 2023 it is focused on commercialising an expanding estate of issued patents.
Ecofibre takes out $4m loan amid perilous financial position
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