Althea shareholders expressed dissatisfaction at executive pay, with over half voting against the remuneration report and incentive schemes for CEO Josh Fegan. The outcome could trigger a board re-election under Australia’s two-strike rule. Despite revenue growth, the company faced rising losses. Fegan attributed cash flow deficit to timing issues, while the firm reported increased sales and remaining fully funded.
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Written by: Steve Jones
Published on January 31, 2024 at 12:21PM
Source: Cannabiz (opens in new tab)