Investors feeling 200% better thanks to Althea.

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Hotly anticipated medical cannabis provider Althea (AGH) made quite the entrance to the ASX this morning as investors scrambled to get a piece of the action.

This was a highly popular and difficult to access IPO and we received numerous emails about how to buy in or find the prospectus. It seems you had all picked a winner with trade opening at a very healthy 60 cents vs the 20 cent ask - That’s right, a gain of 200%.

As expected, prices quickly began to settle, but this is a great open by recent standards and we’re hoping to see either greater gains or at least stabilisation at the current level.

The 2018 Scorecard will be updated shortly with all the details.