BUZZ-Australia's ECS Botanics tanks on discounted placement
Reuters
Nov 13, 2025
BUZZ-Australia's ECS Botanics tanks on discounted placement
** Shares of ECS BotanicsECS.AX fall as much as 25% to A$0.006, dropping most since mid-May
** Stock hits lowest since October 1
** Medical cannabis maker to raise A$1.95 million ($1.27 million) through placement
** Offer price of A$0.0065 per share marks an 18.8% discount to stock's last close
** Shares fall 52.9% YTD, including day's moves
($1 = 1.5389 Australian dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru)
((Aamir.SheikKhalid@thomsonreuters.com))
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