Expanded Agreement with Electric Brands
| Stock | PKP.ASX (PKP.ASX) |
|---|---|
| Release Time | 3 Mar 2026, 9:49 a.m. |
| Price Sensitive | Yes |
Expanded Agreement with Electric Brands secures expected annual production of ~1.4m Sweet Justice units
- Sweet Justice is one of Canada's leading cannabis beverage brands
- Sweet Justice has achieved strong market penetration and sales momentum in Canada and has recently expanded into the US market
- Peak has manufactured Sweet Justice products continuously since 2020, representing a long-standing, repeat, high-volume relationship with demonstrated demand durability
Peak Processing Limited (ASX: PKP) is pleased to advise it has renewed its manufacturing contract with Electric Brands Inc., the owner of the Sweet Justice beverage portfolio (the 'Expanded Agreement'). The Expanded Agreement reinforces Peak's position as a scaled contract manufacturer of regulated cannabis and hemp-derived beverages in North America. Sweet Justice represents one of Peak's largest recurring production programs, reflecting the scale, reliability and repeat demand characteristics of the Company's manufacturing platform. Electric Brands owns the Sweet Justice brand, which has grown into one of Canada's most recognised independent cannabis beverage labels. Peak has produced Sweet Justice beverages since 2020, including multiple soda-style SKUs such as Cherry Cola, Root Beer and Cranberry Ginger Ale. Peak currently manufactures approximately 1.4m units of Sweet Justice products per annum, representing a material contribution to plant utilisation and base-load production and providing validation of the Company's manufacturing capabilities. The Expanded Agreement follows continued market penetration and sales momentum of Sweet Justice in key Canadian provinces, with multiple products ranking strongly in the cannabis beverage category, demonstrating sustained consumer demand. Most recently, the Sweet Justice brand has also expanded into the US market, with hemp-derived THC beverage products available in Michigan, Florida, and North Carolina, highlighting early international footprint growth and direct alignment with Peak's North American manufacturing strategy.
With high-volume manufacturing agreements in place across multiple beverage brands, Peak continues to strengthen forward production visibility, plant utilisation and operating leverage as volumes scale across the platform. The Company is in advanced negotiations with several parties to further scale its North American manufacturing platform and pursue additional opportunities across regulated cannabis and hemp-derived beverage markets.