Althea Group Holdings (ASX:AGH) Secures $4.0M for North America THC Beverage Expansion
Capital Raise Details
Althea Group Holdings (ASX:AGH) has secured $4.0 million through a Share Placement and Loan Notes Placement. The funding, supported by Australian sophisticated and professional investors, will enhance North American and Canadian infrastructure, scale Peak USA THC beverage production, and strengthen working capital across Althea and Peak.
Executive Comments
CEO & Managing Director Joshua Fegan stated, “This strategic funding strengthens Peak North America’s leadership in THC beverages, solidifying our established presence in Canada and propelling our expansion into the U.S. market. With Canada as our foundation, we are leveraging our expertise to scale rapidly in the U.S., following the successful completion of our first commercial production run last month. Supported by our CDMO model and trusted manufacturing partnerships, we are well-positioned to meet the growing demand for premium THC beverages across North America and drive sustained growth in this fast-evolving sector.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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