Althea Althea has said it is “on the verge” of becoming cash flow positive as it reported a 33% rise in customer receipts during the first half of the FY23 financial year. Receipts hit $14.76 million, of which $6.54m was generated in the three months to December, up 18% on the previous corresponding period Net cash losses in the quarter totalled $2.15m, a 21% improvement on Q1, helped by record gross profit margins and cost cutting.
Source: Cannabiz