The Althea Group Holdings Ltd (ASX: AGH) share price is charging higher on Thursday.
In morning trade the cannabis company’s shares are up 7% to 62 cents.
Why is the Althea share price charging higher?
Investors have been buying Althea shares this morning following the release of its second announcement in as many days.
On Wednesday the company revealed that it has completed its first shipment of medicinal cannabis products to Germany. That initial shipment of 2,000 units was valued at approximately $1 million.
It seems Althea has been keeping the delivery drivers busy this week and has now completed its first shipment of products to UK-based medicinal cannabis distributor Grow Pharma.
Althea has a supply agreement with Grow…
The post Here’s why the Althea (ASX:AGH) share price is jumping 7% today appeared first on Mackay Online News.
Warren Ruth is still early into his career as tech and digital marketing reporter but has already had his work published in many major publications including JoyStiq and Android Authority. In regards to academics, Warren earned a degree in business from CSUF. Warren has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.