Althea Group Holdings: Australia's Leading Medical Cannabis CompanyJuly 31, 2022
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Founded in Melbourne in 2017, Althea Group Holdings (ASX:AGH) is a medicinal cannabis company that focuses on cultivating, producing, manufacturing, and distributing medicinal cannabis products throughout Australia, the United Kingdom, Canada, and most recently in Germany.
The company is one of the few cannabis players operating in Australia that possesses the full set of licenses from the Office of Drug Control (ODC) and Agriculture Victoria, allowing the company to supply its patients with its pharmaceutical grade, full spectrum medicinal cannabis products.
In these few years since Althea’s founding, the company has released five branded medicinal products on the market, with the most recent addition to their product portfolio being CBD100, a highly concentrated, full-spectrum cannabidiol oral oil product.
Each month Althea sees its patient numbers climb, with the company adding 572 new patients to its books in January and 617 in February. In total, the company now sits above 5,000 patients. To put these numbers into context, by the end of 2019, Australia had 10,595 medical cannabis patients, up from just 1,608 at the beginning of the year.
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