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ALTHEA GROUP HOLDINGS LIMITED (AGH)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

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Our website ranking of AGH: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Melbourne
Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000022774
Address: Level 19 180 Lonsdale Street Melbourne Victoria 3000
Tel:  1300 70 20 20Fax: 03 8672 7687

Date first listed: 21/09/2018

Activities: Holding company of Althea Company Limited which holds a number of licenses and permits for the importation, cultivation, production and supply of medicinal cannabis in Australia

News & Events

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The suspension of trading in the securities of Althea Group Holdings Limited will be lifted immediately following the release by AGH of an announcement regarding the outcome of an application to the Federal Court in relation to failures to lodge cleansing notices.

03/02/2025

The company announced on 3 February 2025 that it will apply to the ASX for reinstatement of its shares to trading after lodgement of a Cleansing Prospectus and all outstanding ASX forms under the Corporations Act.

03/02/2025

The company releases its notice of issue, conversion or payment up of unquoted equity securities.

03/02/2025

The company releases its application for quotation of securities.

03/02/2025

The company releases a cleansing prospectus for an offer of up to 100 New Shares at an issue price of A$0.10 per new share.

31/01/2025

The company releases its results of its annual general meeting.

31/01/2025

The company releases its Chair's Address.

31/01/2025

The company has received court orders from the Federal Court of Australia regarding its failure to lodge Cleansing Notices under the Corporations Act 2001. The court provided a declaration that offers for sale are valid and relieved the transferring party of civil liability.

31/01/2025

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

31/01/2025

The company releases a company update. The company requested a voluntary suspension of trading in its shares to apply to the Federal Court for orders related to failures to lodge Cleansing Notices under the Corporations Act 2001. The Federal Court of Australia will hear an application for curative orders, including a declaration that offers for sale are not invalidated and a relief from civil liability.

24/01/2025

Peak Processing Solutions has entered a strengthened multiyear manufacturing agreement with BBCCC, Inc., the cannabis subsidiary of The Boston Beer Company. The agreement reinforces Peak's position as BBC's exclusive Canadian manufacturing partner for cannabis beverages through 2026. Enhanced commercial terms improve Peak's cash flow and ensure consistent supply for BBC's cannabis brands, TeaPot and Emerald Hour Cannabis Cocktails. Under the new agreement Peak has committed capacity to BBC of a minimum in excess of 800,000 units for calendar year 2025.

10/01/2025

The company issued 31,178,955 shares in excess of its 15% annual placement capacity under ASX Listing Rule 7.1 and 7.1A. The issue was due to a miscalculation of the company's capacity. The ASX advised the company not to issue equity securities without security holder approval until February 2025.

03/01/2025

The company announces that its 2024 Annual General Meeting will be held on 31 January 2025, 5:00pm (AEDT) and will be held virtually.

30/12/2024

The company has secured $2.0 million in a Loan Notes Placement to cover costs for Peak's Canadian operations, supply chain optimization, and general working capital. The loan notes will be issued as a pure debt instrument at $1.00 each, with the option to convert into ordinary shares at $0.03 per note. The placement is led by Taurus Capital Group Pty Ltd.

24/12/2024

The company lodges its 2024 annual report to shareholders.

17/12/2024

The securities of Althea Group Holdings Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AGH, pending the release of an announcement regarding the outcome of an application to the Federal Court in relation to failures to lodge cleansing notices.

04/12/2024

The suspension of trading in the securities of Althea Group Holdings Limited will be lifted immediately following the release by AGH of an announcement regarding a capital raise.

03/11/2022

AGH is pleased to announce firm commitments received for $1.5 million placement and the launch of a $2.5 million share purchase plan for eligible shareholders. The placement was well supported with strong demand from new and existing institutional and sophisticated investors. Placement and SPP offered at $0.067 per ordinary share. Funds will be utilised to support the launch of new SKUs in the coming months, to continue growing the existing product range and provide general working capital. Funding will enable Althea to accelerate its growth strategy and support the company as it targets cash flow break even and operating profitability in Q3FY23.

03/11/2022

The securities of Althea Group Holdings Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AGH, pending the release of an announcement regarding a capital raise.

02/11/2022

The suspension of trading in the securities of Althea Group Holdings Limited will be lifted immediately, following the release by AGH of an announcement regarding an acquisition and capital raising.

25/07/2019

Althea agrees to acquire Canadian extraction and contract manufacturing company Peak Processing Solutions, founded by four former senior personnel from Aphria Inc. Althea has opened one of the UK's first cannabis destination clinics in central London and plans to open two further clinics in Q3 CY2019. In July 2019, Althea received a UK import licence for the first shipment of medicinal cannabis products from Australia. Althea is in advanced negotiations regarding a 50/50 joint venture to establish cultivation, extraction and manufacturing (EU GMP) facilities in Portugal. Althea has received commitments for a A$30m capital raising to fund the acquisition and further growth initiatives.

25/07/2019

The securities of Althea Group Holdings Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AGH, pending the release of an announcement regarding an acquisition and capital raising.

24/07/2019

The Drug Science Medical Cannabis Working Group, which includes the United Patients Alliance, is launching the UK's first national pilot for medical cannabis. The pilot aims to enrol 20,000 patients before the end of 2021 and will use a real word data patient registry to assess efficacy, safety and patient-reported outcomes in patients prescribed medical cannabis. Althea has been selected from a limited number of medicinal cannabis companies, to supply its range of products to the pilot.

25/06/2019

Althea receives its first patient prescription for medicinal cannabis in the UK. Planning permit granted for Althea's Cultivation and Manufacturing facility.

21/06/2019

1,000 patients have now been prescribed Althea medicinal cannabis products in Australia. 185 Healthcare Professionals have prescribed Althea medicinal cannabis. Althea is averaging more than 11 new patients per business day, including 227 additional patients in May. Althea has achieved the 1,000 patient milestone five months ahead of schedule.

14/06/2019

The company releases its PAC Partners Hong Kong Conference Presentation.

12/06/2019

Althea has been granted a Hemp Cultivation Licence allowing the cultivation and processing of low-THC (Hemp) cannabis. Althea has entered into an exclusive agreement with Tissue Culture Australia related to the development of tissue culture protocols for cannabis. The Hemp Cultivation Licence also presents commercial opportunities for Althea in Hemp foods and Isolated-CBD markets including Europe and the USA.

05/06/2019

Althea Concierge UK launches successfully with doctors already commencing their first assessments of patients for Althea medical cannabis products. Althea Concierge UK streamlines the prescription process and facilitates patient referrals from primary care doctors to Althea UK specialist prescribers. Althea and Drug Science joint educational meetings to be held in June are oversubscribed, with nearly 300 healthcare professionals registered to attend. Althea sponsored and participated in the recent IOTOD conference in Germany.

31/05/2019

The company releases its Securities Dealing Policy.

17/05/2019

651 Patients have now been prescribed Althea medicinal cannabis products. 145 Healthcare Professionals have prescribed Althea medicinal cannabis. 140 patients were added between April 4 and April 26 (inclusive), representing 10 new patients per business day. Australia the fastest growing global market in the world (by percentage month-on-month growth). Althea currently recruiting additional staff to capitalise on increased demand.

29/04/2019

The company lodges its Appendix 4C - quarterly.

04/04/2019

The company provides an investor update.

07/03/2019

The company lodges its Half Year Accounts and Report.

28/02/2019

The company lodges an Appendix 4D.

28/02/2019

Althea has signed a product supply and distribution agreement with Cannvalate, providing Althea with access and support to one of Australia's largest network of medicinal cannabis prescribing clinics. 354 Patients have now been prescribed Althea's medicinal cannabis products. 109 Healthcare Professionals are prescribing Althea's products in Australia.

21/02/2019

The company co-launches online portal for free RACGP accredited medical cannabis education.

14/02/2019

The company announced expansion and extension of its patient acquisition model into the U.K. through the acquisition of a new UK subsidiary company, Althea MMJ UK Ltd.

07/02/2019

The company lodges its Appendix 4C - Quarterly.

31/01/2019

Althea has achieved the 300 patient milestone with 86 registered Healthcare Professionals now prescribing Althea products throughout Australia. Althea has also signed an agreement with Cannabis Access Clinics, one of the region's largest medicinal cannabis destination clinic networks, for the education of doctors.

25/01/2019

Althea has received its largest medicinal cannabis shipment to date from its major Canadian supplier, Aphria Inc.

20/12/2018

The company releases an Investor Presentation - December 2018.

10/12/2018

The company releases the results of its meeting.

30/11/2018

The company releases the CEO Address to Shareholders.

30/11/2018

Althea granted Licence to Export medicinal cannabis. Althea supply to domestic patients continues to grow, with 156 patients and 54 prescribers in its network. Planning permit lodged for ODC approved production facility.

13/11/2018

Althea was granted medicinal cannabis Manufacture Licence. Manufacture Licence allows the manufacture of extracts and tinctures of cannabis and cannabis resin, in accordance with relevant manufacture permits. Althea now holds an Import Licence, a Medicinal Cannabis Licence (cultivation and production) and a Manufacture Licence.

02/11/2018

The company releases a notice of meeting. The AGM will be held on Friday, 30 November 2018 at 2.00pm (AEDT) at Norton Rose Fulbright Australia Level 15, RACV Tower 485 Bourke Street, Melbourne, Victoria 3000.

30/10/2018

The company lodges an Appendix 4C - quarterly.

24/10/2018

100 patients were approved for Althea medicinal cannabis products since May 2018. There are 42 doctors prescribing Althea products throughout Australia. 100% approval rate for TGA applications to prescribe Althea products.

18/10/2018

Althea signs distribution agreement with major independent cannabis distributor, Health House International. The agreement enhances Althea's national sales footprint and extends coverage to include Western Australia.

10/10/2018

listed entity carried for record purposes only

21/09/2018

 

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ASX, Legal & CGT Status

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    01/11/2024Vaughan Webber1,000,000$0.045$44,486
    25/10/2019Alan Boyd250,000$0.400$100,000
    25/10/2019Andrew Newbold250,000$0.400$100,000
    25/10/2019Joshua Fegan50,000$0.400$20,000
    22/10/2019Penelope Dobson30,000$1.000$30,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Vaughan WebberNon Exec Chairman29/08/2024
    Joshua FeganManaging Director, CEO21/06/2018
    Alan BoydIndependent Director21/06/2018
    Matt AdamsNon Exec Director17/02/2025
    Adam GallagherCompany Secretary12/12/2024

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Penelope DobsonNon Exec Director30/11/201831/01/2025
    Robert MeissnerCFO15/10/201818/12/2024
    Andrew NewboldChairman, Independent Director21/06/201829/08/2024
    Gregg BattersbyNon Exec Director21/06/201804/03/2019

    Date of first appointment, title may have changed.