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Althea Group Holdings Ltd. ( (AU:PKP) ) has provided an update.
Peak Processing has expanded its manufacturing partnership with St. Peter’s Beverages, securing a multiyear, exclusive Canadian manufacturing agreement for all remaining Cookies beverages and the full Green Monké range. The deal lifts Peak’s production mandate from 4 to 14 SKUs, translating into an estimated additional 500,000 to 700,000 units annually and materially higher revenue, while also adding income from logistics, storage and testing services. All new SKUs will use Peak’s patent-pending Envision Emulsions platform, deepening its technology-led positioning in regulated THC beverages and strengthening ties with well-known North American brands whose US distribution, including Green Monké’s rollout through Circle K stores, enhances Peak’s exposure to the US market and supports its broader North American growth strategy.
The most recent analyst rating on (AU:PKP) stock is a Sell 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 (ASX: PKP) is a fast-moving consumer goods company specialising in the manufacturing, sales and distribution of THC beverages. It develops premium, compliant cannabis drink products for adult consumers in regulated markets, with a particular focus on Canada and the United States, and promotes its proprietary Envision Emulsions technology as a platform for regulated beverage formulations.
Average Trading Volume: 1,180,714
Technical Sentiment Signal: Sell
Current Market Cap: A$20.04M
For an in-depth examination of PKP stock, go to TipRanks’ Overview page.