Althea Group Holdings (AGH) has raised A$4 million through share and loan notes placements to scale its North American THC beverage operation and for working capital.
AGH said the placement attracted support from new and existing Australian investors including directors Joshua Fegan and Vaughan Webber, who have subscribed for up to $120,000 in tranche two of the share placement subject to shareholder approval.
CEO Fegan said: “This strategic funding strengthens Peak North America’s leadership in THC beverages, solidifying our established presence in Canada and propelling our expansion into the US market.”
Montu
Montu has named former supermarket commercial head Nicolette Senserrick as its general manager of medical relations.
Senserrick joins from WooliesX, the online and digital arm of Woolworths, where she was head of commercial sales.
She will be responsible for engaging with practitioners who may be unfamiliar with treating patients with medical cannabis.
“I am beyond excited to join Montu to help Australian health practitioners better navigate the medicinal cannabis landscape and prescribe with greater confidence,” Senserrick said.
