Althea Group Holdings Ltd. (AU:AGH) has released an update.
Althea Group Holdings Ltd. (ASX:AGH) reports a robust financial performance with $26.6 million in customer receipts for the first three quarters of FY24 and a notable reduction in net cash used in operating activities by $4.5 million from the same period last year. The company has concluded a restructuring phase expected to save $2.5 million annually from May 2024, while continuing to focus on supply chain optimization. Additionally, AGH’s pharmaceutical and recreational cannabis divisions both showed increased quarter-over-quarter cash receipts, with promising market expansion and product launches in the pipeline.
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