Why the Althea (ASX:AGH) share price is climbing higher today // Motley Fool Australia

The Althea Group Holdings Ltd (ASX: AGH) share price is climbing higher today. This comes after the company released an update regarding its products being approved for sale and distribution in Germany. During market open, shares in the medicinal cannabis company hit an intra-day high of 50.5 cents. However, the Althea share price has fallen back a tad at 48 cents, up 2.13%.

What’s moving the Althea share price

The Althea share price is marching higher after the company reported that it has been granted all necessary licences for sale and distribution of its products in Germany.

The Federal Institute for Drugs and Medical Devices (Bundesinstitut für Arzneimittel und Medizinprodukte) approved the permits.

Althea said this was a…