AGH 3.45% 3.0¢ althea group holdings limited

Cash Burn - returning investor, page-2

  1. 101 Posts.
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    Incase some idiot replies who is just trying to throw his useless 2 cents ill do the honours.

    Note: All values are off the top of my head as I am at work.

    They had a cash burn of around 7 mill, 4 mill or so being from the new facility they have acquired. That investment should be finished now and no further spending should be needed apart from operating costs.

    Aus market made around 1.4 mill I believe, they have recently entered the German market as well as the UK. If they just match their Australian sales in those two markets that are much larger than the Australian market the company will turn a profit.

    Its looking promising seeing as the german market entry is with a large pharmaceutical company as well as in the UK they have one of the two clinics that are allowed to sell medicinal cannabis in the UK and the only clinic outside of London
 
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