Althea Group Holdings Ltd. (AU:AGH) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Althea Group Holdings has reported a notable financial turnaround with a positive operating cash flow of $304,000 for the September 2024 quarter, driven by record revenues from recreational cannabis and effective cost management. The company’s strategic divestments and expansion into the U.S. cannabis beverage market are expected to bolster future growth. AGH is also anticipating annual savings of $4 million through ongoing cost reduction initiatives.
For further insights into AU:AGH stock, check out TipRanks’ Stock Analysis page.