Ecofibre takes out $4m loan amid perilous financial position

Scott Langdon and John Mouawad of KordaMentha, the administrators of Ecofibre, a listed biotechnology company that produces and sells hemp-derived products, have arranged short-term funding to allow the company to keep trading and to save it from liquidation. The funding agreement with lender Van Diemans Land Finance will provide Ecofibre with access to $4.1 million over six weeks.

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