Blue Buffalo Pty Ltd has entered into a binding share purchase agreement to acquire ECS Botanics Pty Ltd from ECS Botanics Holdings Ltd for AUD 3 million.

ECS Botanics Holdings Ltd is an Australia-based medicinal cannabis company. The Company is engaged in the cultivation and manufacturing of good manufacturing practice (GMP) medicinal cannabis with a facility in Northwest Victoria. The Company operates through two segments: ECS Botanics Pty Ltd, and Murray Meds Pty Ltd and Flowerday Farms Pty Ltd. ECS Botanics Pty Ltd is engaged in the sale of food and wellness products. Murray Meds Pty Ltd and Flowerday Farms Pty Ltd are engaged in the sale of medicinal cannabis plant-related products. It cultivates a range of strains for extraction and inhalation. The Company extracts resin from its strains for the formulation of oils and other products.