Althea Group Holdings Ltd. (AU:AGH) has released an update.
Althea Group Holdings Ltd. achieved a record $34.5 million in cash receipts for FY2024, with a significant 61% reduction in net cash used in operating activities and anticipates further improvements with a projected $4 million in annualized cost savings. The company’s recreational and pharmaceutical cannabis divisions saw robust growth, and Althea is set to expand into the lucrative US cannabis beverages market in partnership with Flora Growth Corporation. Additionally, AGH forecasts a positive EBITDA of $4 million to $7 million for FY25 with targeted revenues of $50 million to $60 million.
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