Ecofibre is advancing its financial strategy by selling and leasing back two key properties in Greensboro, North Carolina, through its subsidiary, EUSA RE.

The move aims to bolster financial stability by reducing debt and financing risks.

The properties will be sold for US$10.4 million ($15.8 million), with a seven-year initial leaseback term and options for extension.

The sale, subject to conditions, aligns with Ecofibre's focus on sustainable growth and value creation across its diverse businesses.