Althea (ASX:AGH) led this morning’s charge of pot stocks with news its Canadian subsidiary, Peak Processing Solutions, obtained its Standard Processing Licence.
Althea said this means its commercial operations could begin immediately and it’s ready to capitalise on the so-called “Cannabis 2.0” boom.
Canada’s cannabis industry boomed in 2018 when recreational marijuana was legalised but 2019 saw a correction after the market became flooded.
“Cannabis 2.0” alludes to the launch of a new range of cannabis derived products. A significant proportion of these are ingestible products such as infused beverages, concentrates and topicals.