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Althea Group Holdings Limited (ASX:AGH)

ALERT: Price-sensitive ASX Announcement for AGH
Current share price for AGH : $0.020 0 (0%)+
Announcement
Release
17 Sep 2025 10:59AM
Price at Release
$0.020
Full Release
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Summary
Althea Group Holdings Limited (AGH) announced a successful capital raise of $2.55 million through a share placement, issuing approximately 141.7 million shares at $0.018 each. The funds will support growth initiatives and capital expenditures as the company completes its strategic transformation, focusing on THC beverage manufacturing through its subsidiary, Peak Processing. Peak is a market leader in Canada with a 35% share and is eyeing expansion into the US. The placement was managed by Taurus Capital Group, which will receive a fee and options for their services.
Key Points
  • $2.55 million raised via a share placement
  • Share price set at $0.018 per share
  • Funds to be used for growth initiatives, customer development, and capital expenditures
  • AGH's strategic transformation completed
  • AGH focuses on THC beverage manufacturing through subsidiary Peak Processing
  • Peak Processing holds a 35% market share in Canada's THC beverage market
  • Introduction of new products and expansion into the US market
  • Lead Manager for share placement is Taurus Capital Group
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.