Canopy 15 Bil mcap cornerstone $AC8 at IPO .. now 300 mil mcap...

Canopy 15 Bil mcap cornerstone $AC8 at IPO .. now 300 mil mcap

Aurora 12 Bil mcap Cornerstone CAN at IPO ... now 380 mil mcap

Aphria 5 Bil mcap cornerstone and partnered AGH at IPO .. available at only 100 mil EV at 60c   !!!

from the prospectus .

AGH already got Import , wholesaling , cultivation and production licenses  which is way more advanced that most MM ASX peers. Manufacturing license applied for and can come anytime now .

On the web page of The Office of drug control Althea is already listed as an approved supplier of cannabis products .

https://www.odc.gov.au/manufacturers-and-suppliers-medicinal-cannabis-products

Following products of Althea are already in the list  ,

Cannabis oil

1. Rideau Cannabis oil (THC 1mg/mL: CBD 23mg/mL), 45mL
2. Jasper Cannabis Oil (THC 5mg/mL: CBD 8mg/mL), 45mL
3. Capilano Cannabis Oil (THC 9mg/mL: CBD 13mg/mL), 45mL
4. Champlain Indica Cannabis Oil (THC 20mg/mL: CBD <1mg/mL), 100mL

Dried Flower

1. Henik Cannabis Dried Flower THC 20%; 10g

Though it is only listed for a day but management did lot of work in Althea to be at this stage and its so much ahead in term of execution than most of  ASX peers .

IMO Australian medical  cannabis industry is where Canadian medical cannabis  industry was in early 2016 . At least 40 companies in Canada started claiming to do some work in this industry in early 2016 and 6 of them got over 1 Billion Mcap now . All ASX MM stocks together are hardly close to 1 Bil Mcap.

Althea app is also available for download on android and itunes app stores ( They are in process to do major updates in apps using IPO funds )

Aphria who owns 25 % stake in  Althea is also considered as one of the best Cannabis stock to own globally due to their immense focus on medical side of the business.


AGH should do very well in  next 6 to 12 months for following reasons  

Idea partner and cornerstone investor like Aphria
Major licences in place
Already approved products with The office of drugs control
Cheaper valuation than most of its peers
85 % own by top 20
One of the best brokers Pac partners ( CAN TTT B2Y BUB TMT ) behind it

DYOR

ALL IMO

GLTAH