Australia's Althea Group leaps on securing debt funding

Peak Processing

03/02/2023 24:27

** Shares of cannabis-based pharma co Althea Group Holdings
Ltd  AGH.AX  rise as much as 9.1% to A$0.06, their best intraday
gain since Oct. 7, 2022
    ** Says it got A$2.2 million ($1.56 million) in funding by
issuing convertible notes, from U.S.-based Obsidian Global
Partners LLC 
    ** Expects operating profitability during March 2023 
    ** AGH down 9.8% YTD, as of last close 
($1 = 1.4136 Australian dollars)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))