Althea Group Holdings (ASX:AGH) Secures Agreement with Boston Beer
Agreement Details
Althea Group Holdings Limited (ASX:AGH) confirmed a strengthened multiyear manufacturing agreement with BBCCC, Inc., the cannabis subsidiary of The Boston Beer Company. This agreement reinforces Peak Processing Solutions’ position as BBC’s exclusive Canadian manufacturing partner for cannabis beverages until 2026. The enhanced terms are expected to substantially improve Peak’s cash flow and ensure a consistent supply of BBC’s cannabis brands, including TeaPot and Emerald Hour Cannabis Cocktails.
Under the new agreement, Peak has committed to a minimum capacity of over 800,000 units for calendar year 2025. The deal underscores Peak’s leadership in the cannabis-infused beverage market.
Executive Comments
Paul Weaver, Head of Cannabis at BBC, stated, “Strengthening our agreement with Peak Processing Solutions ensures continuity of supply for our customers in Canada. Peak Processing makes the highest-quality cannabis beverages in the country, and we’re excited to build on our shared success to drive further growth in this dynamic category.”
Joshua Fegan, CEO of Althea Group, commented, “Our renewed contract with Boston Beer reflects a deep commitment to quality and innovation from both parties. This partnership solidifies Peak’s role as a leading global manufacturer in the cannabis beverage space and ensures we can deliver exceptional products that resonate with consumers’ sophisticated tastes.”
The agreement includes customary termination provisions, ensuring both parties have recourse in case of breaches or changes in law.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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