$EOF:ASX - ECOFIBRE - New ASX listing

Ecofibre is a provider of hemp products in the United States and Australia.

The whole vegetarian / Beyond Meat / sustainable / natural products space has quite a bit of mainstream momentum at the moment and companies like Ecofibre will look to benefit from this interest as well as potentially get added to the various "eco-friendly / responsible investing" ETFs and funds that seem to be popping up. It's their early forays into hemp-based textiles and materials that interests me more so than their food lines. Be interesting to follow them for a bit. Might be worth a watch.

In the United States, the Company produces nutraceutical products for human and pet consumption, as well as topical creams and salves. In Australia, the Company grows and produces hemp food products including protein powders, de-hulled hemp seed and hemp oil.

The Company is also developing innovative hemp-based products in textiles and composite materials in partnership with Thomas Jefferson University (TJU) in the United States. The Company owns or controls key parts of the value chain in each business, from breeding, growing and production to sales and marketing.

Ecofibre Limited (EOF) is focused on selectively owning or controlling specific parts of the hemp value chain, in targeted geographies. EOF sells hemp-based products to consumers, wholesalers and manufacturers and owns diverse collections of genetics with over 300 land races of cannabis from over 25 countries.

They are however about to release results so be careful with your timing and see how the market reacts. The Company will release its Appendix 4C Quarterly Report on 11 July, and the full year results on 29 July.

Comment:

Bottom might be in. Starting to show some signs of a recovery.