Australia's Peak Processing climbs on entry into THC shots market, upbeat product outlook

Peak Processing

21/10/2026 05:53

** Shares of Australia's Peak Processing PKP.AX rise as much as 6.5% to A$0.017, hitting their highest level since October 12
** Cannabis beverage maker says it has begun producing shots containing tetrahydrocannabinol (THC), the psychoactive compound in cannabis; produces 87,456 shots in first quarter of production
** Co says production is projected to reach about 1 million THC shots over the next 12 months
** Adds shots are produced on a dedicated line alongside co's canning operations, adding revenue without affecting canned beverage capacity
** More than 3.5 million shares change hands, about 2.1x the 30-day average
** YTD, stock down 13.2%, including session's moves 

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))