An announcement from Althea Group Holdings Ltd. ( (AU:AGH) ) is now available.
Althea Group Holdings reported significant financial activities for the quarter ending March 31, 2025, with $5.02 million in customer receipts and strategic investments in inventory pre-purchasing to support future growth. Peak Canada achieved $4.2 million in customer receipts and improved gross margins, while Peak USA commenced commercial operations with strong early demand. Despite a decline in the pharmaceutical cannabis segment, the company is conducting a strategic review to explore profitability restoration. These developments position AGH for potential revenue and profitability growth in the upcoming fiscal periods.
More about Althea Group Holdings Ltd.
Althea Group Holdings Limited (ASX: AGH) is a leading FMCG organization specializing in the manufacturing, sales, and distribution of THC beverages. The company operates globally with a focus on cannabis-based medicines and has subsidiaries in Canada and the USA, namely Peak Canada and Peak USA, which are involved in the production of THC-infused beverages for the recreational cannabis market.
YTD Price Performance: -30.0%
Average Trading Volume: 833,369
Technical Sentiment Signal: Buy
Current Market Cap: A$10.96M
For detailed information about AGH stock, go to TipRanks’ Stock Analysis page.