Althea Group Holdings Ltd. ( (AU:AGH) ) just unveiled an announcement.
Althea Group Holdings Ltd announced a significant financial turnaround for the half-year ending December 2024, reducing its net loss to $1.5 million from $9.0 million in the same period the previous year. This improvement is attributed to strategic restructuring, cost-saving initiatives, and a focus on operational efficiency, positioning the company closer to profitability. Peak Processing Solutions, AGH’s recreational cannabis business, saw a 57.9% revenue increase driven by strong demand for THC beverages, reinforcing its market position. Additionally, AGH secured $6 million in funding, further strengthening its financial position and supporting ongoing operational improvements.
More about Althea Group Holdings Ltd.
Althea Group Holdings Ltd (ASX:AGH) is a global leader in the manufacturing, sales, and distribution of cannabis-based medicines and recreational cannabis products. The company operates through two main business units: Peak Processing Solutions, which focuses on recreational cannabis products, and Althea, which offers a range of cannabis-based medicines available by prescription. AGH operates in highly regulated cannabis markets across North America, the UK, and Australia.
YTD Price Performance: -16.67%
Average Trading Volume: 1,509,873
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$13.05M
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