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Althea Group Holdings Ltd. ( (AU:AGH) ) has provided an announcement.
Althea Group Holdings Ltd announced that the Federal Court of Australia has issued curative orders regarding its failure to lodge Cleansing Notices under the Corporations Act 2001. The court’s decision ensures that any offers for sale or sales of shares are not invalidated, and the transferring party is relieved from civil liability related to on-sales. Althea plans to apply for the reinstatement of its shares on the ASX following the lodgement of a Cleansing Prospectus and outstanding forms. This announcement is significant for the company as it addresses compliance issues, potentially stabilizing its market operations and reassuring stakeholders.
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 for adult consumers, and Althea, which provides cannabis-based medicines available via prescription. AGH operates in regulated cannabis markets across North America, Europe, and Australia.
YTD Price Performance: 13.33%
Average Trading Volume: 603,453
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$13.78M
See more insights into AGH stock on TipRanks’ Stock Analysis page.
