Althea Group Holdings Limited raised AU$1.5 million via placement

Althea Group Holdings Limited (ASX: AGH) announced that it has received firm commitments from new and existing institutional and sophisticated investors, to raise AU$1.5 million. The placement comprised the issue of approx. 22.4 million fully paid ordinary shares at an issue price of AU$0.067 per new share, and the issue price represents a 19.3% discount to the last traded price and a 19.1% discount to the 5-day Volume Weighted Average Price.

Funds raised from the placement will be used to fund continue growth in the current product range and support the launch of further products across the Althea cannabis-based medicines business, including exciting new SKUs launching in the upcoming months.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au