Althea Group Holdings Raises $2.55 million to Drive THC Beverage Growth

Highlights:

• Capital boost: Althea Group Holdings Limited (ASX: AGH) raises $2.55 million via share placement at $0.018/share at the time of writing.
• Growth focus: Funds will support expansion of Peak Processing, Canada’s leading THC beverage manufacturer with ~35% market share.
• Strategic push: Proceeds to drive customer development, product innovation, and expansion into US cannabis beverage markets.

Capital Raise Secured

Althea Group Holdings Limited (ASX: AGH) has successfully completed a share placement, securing $2.55 million at the time of writing. Roughly 141.7 million new shares were offered at $0.018 per share, taken up by professional and sophisticated investors. Managed by Taurus Capital Group, the raise also included 22 million unlisted options for the lead manager, exercisable at $0.025 and expiring in September 2028.

Funding to Support Growth Strategy

Interim CEO Barry Katzman said the raise marks an important step in strengthening the company’s financial position following its strategic reset. The capital raised will be used to drive growth initiatives, strengthen customer networks, and fund selected infrastructure spending. “The strong support from our shareholders is highly encouraging,” Katzman noted, adding that the company is now focused on scaling opportunities across Canada and the United States.

Peak Processing at the Core

AGH’s wholly owned subsidiary, Peak Processing, sits at the centre of its strategy. As Canada’s leading THC beverage manufacturer with around 35% national market share, Peak has developed over 250 beverage SKUs and produced revenue of roughly $15.5 million in FY25. The facility, based in Windsor, Ontario, is capable of producing nine million cans annually and is expanding operations into the US market.

Positioned for Expansion

The capital injection will help AGH and Peak take advantage of favourable regulatory shifts and rising consumer demand for cannabis beverages. With a portfolio of proprietary technology, including its Envision Emulsion™, and long-term partnerships with leading beverage companies, the business is positioned to accelerate growth. The raise signals investor confidence in AGH’s strategic direction, providing a solid foundation for the company’s next phase of expansion.

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