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Althea Group Holdings Ltd. ( (AU:AGH) ) has shared an announcement.
Althea Group Holdings Ltd announced that its subsidiary, Althea Company Pty Ltd, has entered into a Deed of Company Arrangement (DOCA) under the administration of Salea Advisory. This arrangement involves a $200,000 loan from AGH to the subsidiary to fund the DOCA process, with the directors of the subsidiary lending the same amount back to AGH. The DOCA is not expected to impact AGH’s operations or its North American THC beverage business, Peak Processing Solutions.
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 global markets, including the USA and Canada.
Average Trading Volume: 1,629,485
Technical Sentiment Signal: Sell
Current Market Cap: A$18.6M
For detailed information about AGH stock, go to TipRanks’ Stock Analysis page.