Big pharma will enter the cannabis sector ‘sooner than we thought’, Althea chief executive Josh Fegan has predicted, as he outlined the company’s growth potential and its ‘sprint’ for profitability.
He told Cannabiz Althea should turn its first profit in FY22 — despite a A$15m loss in FY21 — and said its dual recreational and medicinal strategy would ensure sustained growth, provide ‘payback’ for shareholders and an attractive proposition for future investors.
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