AGH Future Financing, page-10

Hi Frozen

I think you may have missed that Althea is still loss making even without the Peak investment.

They are still going to burn cash and make negative margin for a long then to come.

Part of the reason for this is that their cost to procure sales involves a large (and expensive) sales force. Additionally, the products are all effectively genetics and so are easily
substituted to a cheaper product.

Althea need to evolve their business model substantially otherwise they are going to need to do a fresh capital raise in 6-9 months.