<WIRE> Althea Group Announces Sale and Leaseback Agreement to Raise C$4.6M (ASX:AGH)

Monday, 16 October 2023

Althea Group (ASX:AGH) announced a sale and leaseback agreement aiming to raise CAD$4.6 million.

Following the transaction, the company expects to recognize a balance sheet write down of A$4.3 million.

The funds received from this agreement will be applied to pay off the entirety of Althea Group’s debt, among other allocations.

Althea Group is a renowned company focused on the production and distribution of pharmaceutical-grade medicinal cannabis.

Supported by

<SPON> Trade share CFDs with Plus500

Apr 4, 2022

Global online trading services company, Plus500:

Plus500 trading platform allows you to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads. Using our advanced trading tools, you can also control your profits and losses.

Plus500AU Pty Ltd, AFSL #417727 issued by Australian Securities and Investments Commission. Based in Sydney.

LINK

Subscribe to the newsletter

Receive whispers every day in your inbox.