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Althea Group Holdings Ltd. ( (AU:AGH) ) has shared an update.
Althea Group Holdings Ltd has executed a definitive Asset Sale Agreement to sell certain assets of its subsidiary, Althea Company Pty Ltd, to Tasmanian Botanics Pty Ltd. This strategic move allows AGH to focus entirely on its North American THC-infused beverage operations under the Peak Processing Solutions brand, marking a significant shift in the company’s operational focus. The transaction, valued at $1.0 million with additional profit-sharing terms, will help strengthen AGH’s balance sheet through targeted debt repayment, without impacting its board or executive management.
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. Through its business unit, Peak Processing Solutions, AGH develops premium, compliant products for adult consumers in regulated markets such as the USA and Canada.
Average Trading Volume: 537,104
Technical Sentiment Signal: Sell
Current Market Cap: A$19.74M
For detailed information about AGH stock, go to TipRanks’ Stock Analysis page.