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Althea Group Holdings Ltd. ( (AU:AGH) ) has issued an update.
Althea Group Holdings Ltd has completed the sale of certain assets of its wholly owned subsidiary, Althea Company Pty Ltd, for $1 million in cash. Following the sale, the subsidiary will undergo Voluntary Administration to resolve its remaining obligations, a move that is not expected to impact AGH’s operations. AGH continues to focus on expanding its North American THC beverage business, Peak Processing Solutions, to capitalize on the growing market in the United States and Canada.
More about Althea Group Holdings Ltd.
Althea Group Holdings Ltd (ASX:AGH) is a leading FMCG organization specializing in the manufacturing, sales, and distribution of THC beverages. The company operates through its innovative business unit, Peak Processing Solutions, to develop premium, compliant products for adult consumers in regulated global markets, including the USA and Canada.
Average Trading Volume: 597,445
Technical Sentiment Signal: Buy
Current Market Cap: A$23.85M
See more data about AGH stock on TipRanks’ Stock Analysis page.