News & Events

Althea completes first shipment of products to Germany

Investment Highlights:

  • Althea has completed its first shipment of medicinal cannabis products to Germany
  • Initial shipment of 2,000 units valued at approximately $1,000,000 (EUR640,000)
  • Althea has partnered with one of the country’s leading pharmaceutical wholesalers of cannabis-based medicines, Nimbus Health GmbH, to launch the brand exclusively in Germany
  • Under Althea and Nimbus’ agreement, Althea will receive payment for products supplied to Nimbus, along with 50% of net profit
  • The German medicinal cannabis market is the largest medicinal cannabis market in Europe and health insurers typically cover the entire cost of medicinal cannabis treatments

For full ASX announcement – read here