Althea Group acquires Peak Processing
Solutions. This morning the company announced that it has agreed to acquire Canadian extraction and contract manufacturing company Peak Processing Solutions from Gregg Battersby, a former director of the company, and eight employee shareholders. Peak Processing Solutions is a Canadian extraction and contract manufacturing company founded by four former senior personnel from cannabis giant Aphria Inc. It is an early-stage business set up to operate under new Canadian regulations and to specialise in extraction, toll processing, and contract manufacturing of cannabis-infused edibles, drinks, nutraceuticals and cosmetics products. APHA has a 25% stake in Althea. https://www.fool.com.au/2019/07/25/cannabis-company-althea-rockets-higher-on-acquisition-news/