Althea Group Holdings Ltd. (AU:AGH) has released an update.
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Althea Group Holdings Ltd. has successfully raised $2.0 million through a well-supported placement to fund its expansion into the lucrative US cannabis beverage market and to introduce more products in Canada. This strategic move is anticipated to accelerate AGH’s growth and help achieve their ambitious FY25 earnings target of $4m to $7m EBITDA. The company’s CEO expressed confidence that this capital would enable AGH to capitalize on the burgeoning cannabis beverage sector and generate substantial long-term value for its stakeholders.
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