Ecofibre Limited reaffirmed earnings guidance for the year 2020. The company reaffirmed its guidance that Second half 2020 NPAT is expected To be broadly in line with first half 2020 NPAT.

The company commenced distribution of Hemp Black facemasks across the United States. The company has previously announced on 16 March and 16 April 2020 that its Hemp Black business would adjust and accelerate its product launch plans to shift capacity and meet developing demand for personal protection equipment (PPE). Over the past six weeks Hemp Black has designed and manufactured face masks to address the current shortage and future demand for quality face masks in the United States. In close collaboration with its business partner TexInnovate, located in Greensboro, North Carolina, the Company has developed a high-quality face mask with the following key components and features: Anti-microbial copper technology yarns; Hemp Black /element infused adaptive fibers; Multi-layer 3D knitting; Reusable and machine washable up to 25 cycles; Seamless knitting for fit and comfort. The masks are not intended for clinical use and are not approved by the FDA for this purpose. Manufacturing capacity for the Hemp Black fusion facemask will be set at c.160,000 units per month by 1 August 2020.