Business
Here’s why the Althea (ASX:AGH) share price is racing 8% higher today
It has been a great start to the week for the Althea Group Holdings Ltd (ASX: AGH) share price.
In afternoon trade, the cannabis company’s shares are up almost 8% to 56 cents.
This latest gain means the Althea share price is now up over 27% since the start of the year.
Why is the Althea share price racing higher today?
The catalyst for the rise in the Althea share price today has been the release of a sales announcement.
According to the release, the company’s Canada-based subsidiary, Peak Processing Solutions, has received a binding purchase order from WeedMD.
The initial order, which is performed as part of a one-year commercial services agreement, is valued at approximately C$130,000. It is expected to be delivered to WeedMD…
-
Noosa News22 hours agoTributes for woman allegedly mowed down on footpath in Maroochydore; Guilherme Dal Bo charged
-
General19 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat
-
General15 hours agoTwo people arrested after man fatally shot at McLaren Flat
-
General8 hours agoThe one tweak that could grow your super by $200,000