Althea (ASX:AGH) sees record month for medical cannabis patient uptake

Company News

by Katrina Bullock

Medical cannabis producer, supplier and exporter Althea Group Holdings (ASX:AGH) has seen a record month for patient uptake in September.

Althea CEO Josh Fegan says “[w]e are very pleased to have exceeded our estimates with regard to patient uptake in Australia.

In June we achieved our 1,000 patient milestones almost six months ahead of schedule and less than three months later we have reached 2,329 patients.” This comes as we see softening of the regulations for prescribers of medicinal cannabis in NSW.

From 30 September 2019, in most cases only a Therapeutic Goods Administration issued approval will be required.

Shares in Althea Group Holdings (ASX:AGH) trading 8.1 per cent higher at 67 cents.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.