AGH 0.00% 3.0¢ althea group holdings limited

Aphria selling down shares at 40 cents (27% discount to listed price), page-11

  1. 2 Posts.
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    Don't think I can post links here, but see the article on businessnewsaus titled "Medicinal cannabis patient numbers "starting to spike" for Althea" posted on 11 April 2019. Here is a copied passage:

    He notes Althea will continue to import product from Canada until its own production facility in Victoria comes on-line."We've got access to the genetics required to essentially manufacture the exact same product that we import today from Canada here in Australia," Fegan says."It's going to be a nice transition over from Canadian supply to Australian, and that should come online next year, which is good because obviously the margins for our business become better when we're not buying a product from a third party."

    Like I said, Althea's Victorian production facility comes online in 2020, and Aphria decides to sell their holdings in Althea at the end of 2019? Coincidence? I think not.
 
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