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Althea Group Holdings Ltd. ( (AU:AGH) ) has provided an announcement.
Althea Group Holdings Ltd has announced the withdrawal of its FY25 financial guidance following the sale of its pharmaceutical assets to Tasmanian Botanics Pty Ltd. This strategic divestment allows the company to concentrate its resources on the high-growth North American THC-infused beverage market, where its subsidiaries, Peak Canada and Peak USA, are poised to lead. The move signifies a pivotal shift in AGH’s business strategy, aligning its operations with its evolving focus on the THC beverage sector.
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. The company operates globally, focusing on regulated markets such as the USA and Canada, through its innovative business unit, Peak Processing Solutions, which develops premium, compliant products for adult consumers.
Average Trading Volume: 784,378
Technical Sentiment Signal: Sell
Current Market Cap: A$18.1M
Find detailed analytics on AGH stock on TipRanks’ Stock Analysis page.
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