Ecofibre

Business Operations:

• Ananda Hemp manufactures and sells hemp-derived oils and nutraceuticals in the US.
• Ananda Professional manufactures and wholesales hemp-derived oils and nutraceuticals to independent pharmacy chains in the US.
• Ananda Food manufactures and wholesales hemp-derived food products in Australia.
• Hemp Black is the company’s hemp textile research subsidiary.
• Research and development activities on CBD and hemp textiles are conducted in collaboration with Thomas Jefferson University.

Company History:

• Ecofibre Limited was founded by Phil Warner in Australia.
• Ecofibre shifted hemp cultivation to the US due to Australia’s regulations.
• Ananda Hemp originated in Kentucky with a history of hemp cultivation.
• Brian Furnish played a key role in lobbying to legalize hemp cultivation in the US.
• Barry Lambert’s investment in Ecofibre was focused on researching CBD benefits.

References and Media Coverage:

• Ecofibre’s LinkedIn profile and investor presentation are available.
• Media coverage includes articles from Australian Financial Review and Hemp Gazette.
• Phil Warner’s LinkedIn profile and other news articles provide additional insights.
• Ananda Hemp’s story is featured in Natures Breakthrough.
• Various news sources cover Ecofibre’s activities and market impact.

Legal and Regulatory Landscape:

• The Marihuana Tax Act of 1937 had a significant impact on cannabis laws in the US.
• Major legal reforms have influenced the global cannabis industry.
• Countries like Canada, Germany, UK, and Uruguay have implemented cannabis laws.
• Treaty law changes in 2020 led to the rescheduling of cannabis.
• Court cases like Gonzales v. Raich have influenced cannabis legislation.

Company Milestones and Leadership Changes:

• Ecofibre was listed on the Australian Securities Exchange in 2019.
• The US Farm Bill in 2018 removed restrictions on hemp and derivatives.
• Barry Lambert’s investment accelerated Ecofibre’s growth.
• Eric Wang served as CEO to expand Ecofibre’s operations in the US.
• Eric Wang resigned as Managing Director and CEO in 2023.

Ecofibre Data Sources