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An update from Althea Group Holdings Ltd. ( (AU:AGH) ) is now available.
Althea Group Holdings Ltd.’s Canadian subsidiary, Peak Processing Solutions, has launched its own-brand manufactured (OBM) strategy with the introduction of Snap Back, a premium rosin-infused THC beverage line. This strategic move marks a significant milestone as it expands Peak’s operations from B2B manufacturing to direct-to-retail sales, enhancing utilization of existing capacity and creating a new revenue stream. The initial product, Strawberry Vanilla Cream, is now available in Ontario and Manitoba, with plans to expand into other provinces. This development positions Peak Canada to capture additional market share in the fast-growing premium THC beverage segment, leveraging its strong relationships with provincial buyers and maintaining operational efficiency.
More about Althea Group Holdings Ltd.
Althea Group Holdings Ltd. is a global leader in the manufacturing, sales, and distribution of THC beverages. The company focuses on innovative cannabis products and operates through its Canadian subsidiary, Peak Processing Solutions, which has historically been a B2B manufacturer.
Average Trading Volume: 1,433,155
Technical Sentiment Signal: Hold
Current Market Cap: A$24.68M
See more insights into AGH stock on TipRanks’ Stock Analysis page.