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Little Green Pharma Ltd (ASX:LGP)

ALERT: Price-sensitive ASX Announcement for LGP
Current share price for LGP : $0.068 -0.007 (-9.33%)+
Announcement
Release
31 Jul 2026 8:54AM
Price at Release
$0.075
Full Release
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Summary
Little Green Pharma Ltd announced the completion of its merger with Cannatrek Ltd on 1 June 2026, creating LGP Cannatrek Group, a major player in the medicinal cannabis market. The merger is expected to generate $3 million in cost synergies across manufacturing and corporate functions. During the quarter ending 30 June 2026, the company reported net cash from operating activities of $1.8 million and total cash and cash equivalents of $20.6 million. The group is focusing on expanding its presence in the UK and German markets, alongside enhancing its facilities in Denmark. Sales were predominantly driven by core brands, with a strong market share in Australia.
Key Points
  • Merger of Little Green Pharma Ltd and Cannatrek Ltd on 1 June 2026, forming LGP Cannatrek Group.
  • The merger resulted in cost synergies of $3 million across various functions.
  • Net cash from operating activities was $1.8 million for the quarter.
  • Total cash and cash equivalents at the end of the quarter were $20.6 million.
  • LGP Cannatrek's sales predominantly from core brands, with a significant market presence in Australia.
  • Investment initiated in UK and German growth initiatives and Denmark facility expansion.
  • Operational priorities included integration of commercial platforms and product portfolios.
  • The group operates GMP facilities in Denmark and Australia.
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.