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The latest update is out from Althea Group Holdings Ltd. ( (AU:PKP) ).
Peak Processing Limited has renewed and expanded its manufacturing agreement with Electric Brands Inc., owner of the Sweet Justice cannabis beverage portfolio, reinforcing its role as a scaled producer in the regulated cannabis and hemp-derived drinks segment. The deal covers all Sweet Justice SKUs, maintains annual output at about 1.4 million units, and delivers improved financial terms, enhancing plant utilisation, working capital efficiency, and revenue visibility.
Sweet Justice, one of Canada’s leading independent cannabis beverage brands with growing U.S. distribution in states including Michigan, Florida and North Carolina, remains one of Peak’s largest recurring production programs. Together with recent expansions such as the St. Peter’s Beverages partnership, the renewed contract underscores strong customer retention, platform scalability and Peak’s strategy to leverage automation and proprietary technologies to support further North American expansion.
The most recent analyst rating on (AU:PKP) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Althea Group Holdings Ltd. stock, see the AU:PKP Stock Forecast page.
More about Althea Group Holdings Ltd.
Peak Processing Limited, a subsidiary of Althea Group Holdings Ltd., is a contract manufacturer specialising in regulated cannabis and hemp-derived beverages in North America. The company produces a range of soda-style and THC-infused drinks for brand owners, focusing on high-volume, repeat production programs that support Canadian and U.S. market growth.
Average Trading Volume: 1,983,848
Technical Sentiment Signal: Sell
Current Market Cap: A$20.86M
For an in-depth examination of PKP stock, go to TipRanks’ Overview page.