Australia's Althea Group rises on securing manufacturing contract

Peak Processing

21/07/2023 04:09

** Shares of Althea Group Holdings  AGH.AX  rise as much as
6.7% to A$0.048, hits highest level since July 13
    ** The cannabis-based pharma co says its unit, Peak
Processing Solutions, signed a contract manufacturing agreement
with Canada-based Tweed Inc, a unit of Canopy Growth Corporation
 WEED.TO  
    ** Under contract, Tweed appointed Peak to manufacture of
cannabis-infused products for sale in the Canadian adult-use
cannabis market
    ** More than 765,00 shares change hands, compared with the
30-day average volume of about 626,000 shares
    ** Stock has fallen 26.2% this year, as of last close
 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))