Althea Group Sells MyAccess Clinics to Focus on Growth

Althea Group Holdings Ltd. (AU:AGH) has released an update.

Althea Group Holdings Ltd has announced the sale of its MyAccess Clinics business to Montu Group UK Ltd for A$1.0 million, a move expected to cut annual operating costs by A$1.5 million. This strategic divestment allows Althea to focus on expanding its cannabis beverages segment through its subsidiary Peak Processing Solutions in North America, while maintaining a strong presence in the UK market. The deal also includes a commitment from Montu UK to purchase a minimum of 10,300 units of Althea products over the next two years.

For further insights into AU:AGH stock, check out TipRanks’ Stock Analysis page.