Althea Group Holdings

What Althea Group Holdings does

Althea Group Holdings, operating under the trading name Peak Processing (ASX: PKP), is an Australian-listed cannabis product solutions company headquartered in Melbourne. The company provides end-to-end B2B services to the legal cannabis industry, spanning market insights and analysis, custom product development, scalable manufacturing, commercialization support, distribution, and product rework. Its customers include established industry leaders seeking to maintain competitive edge and start-ups entering the cannabis market that lack internal formulation, manufacturing, and regulatory expertise.

The company manufactures and supplies seven distinct cannabis product categories — beverages, hydrocarbon extracts, vapes, oils, topicals, powder, and infused flower — using specialized formulation, extraction, and infusion processes. These products are sold to brand clients who rely on Peak as a contract manufacturer and commercialization partner rather than as a consumer-facing brand of its own.

The business model is professional services plus contract manufacturing revenue: clients engage Peak for tailored product development and manufacturing projects with pricing provided via custom quotes rather than public rate cards. The go-to-market is enterprise field sales supported by a corporate website, LinkedIn, and Twitter/X presence, with an active investor relations function reflecting its ASX listing. With 51-100 employees, ongoing operating losses across 2021-2025, and a portfolio pivot from cannabis medicines and CPG into B2B services under the Peak Processing brand, the company is operating as a small-cap, pre-profitability cannabis contract manufacturer in a regulated and capital-intensive industry.

Name

Althea Group Holdings

Website

https://altheagroupholdings.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Althea Group Holdings (ASX: PKP), trading as Peak Processing, is a Melbourne-based B2B cannabis product solutions provider offering contract manufacturing, formulation, and commercialization services to brand clients across seven cannabis product categories in the legal cannabis industry.

Ownership category

akta.pro rank

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Cannabis Product Manufacturing Services: Peak Processing generates revenue through providing comprehensive B2B cannabis product solutions including product development, manufacturing, commercialization, and distribution services to businesses in the legal cannabis industry.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Althea Group Holdings, through its Peak Processing division, manufactures and distributes cannabis-based products including beverages, hydrocarbon extracts, vapes, oils, topicals, powders, and infused flower. The company provides end-to-end cannabis product solutions for the legal cannabis industry, spanning formulation, scalable manufacturing, commercialization, and distribution services to enterprise clients and start-ups.

Product overview

Peak Processing is a cannabis product solutions company offering an integrated portfolio of products and services for the legal cannabis industry. The company provides seven distinct cannabis product categories: Beverages, Hydrocarbon Extracts, Vapes, Oils, Topicals, Powder, and Infused Flower. These products are supported by a comprehensive suite of six service offerings: Market Insights & Analysis, Product Development, Manufacturing, Commercialization, Distribution, and Product Rework. The portfolio operates as an end-to-end platform covering the full product lifecycle from ideation and formulation through scalable production to successful market implementation and distribution.

Differentiator

Problem solved

Functional benefit

Products and services

• Beverages Cannabis-infused beverage products manufactured by Peak Processing for legal cannabis brands and businesses.
• Hydrocarbon Extracts Concentrated cannabis extracts produced using hydrocarbon extraction methods for legal cannabis brands.
• Vapes Cannabis vaporizer products including cartridges and devices manufactured for legal cannabis brands.
• Oils Cannabis oil products manufactured for various applications for legal cannabis brands.
• Topicals Cannabis-infused topical products for topical application manufactured for legal cannabis brands.
• Powder Cannabis powder products manufactured for incorporation into various formulations by cannabis brands.
• Infused Flower Cannabis flower infused with concentrates or extracts manufactured for legal cannabis brands.
• Market Insights & Analysis Market intelligence and analysis services for businesses operating in the legal cannabis industry.
• Product Development Specialized cannabis formulation and product development services from ideation through prototyping for cannabis brands.
• Manufacturing Scalable cannabis product manufacturing services for legal cannabis brands and start-ups.
• Commercialization Services guiding cannabis products from development through to successful market implementation for cannabis brands.
• Distribution Cannabis product distribution services for legal cannabis brands and businesses.
• Product Rework Services for reworking or reformulating existing cannabis products for cannabis brands.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Bod Australia: Australian cannabis health and wellness products company developing and distributing CBD-based consumer products — comparable as an Australian-focused cannabis CPG and medicines player.
• Cann Group: Australian cannabis cultivator and manufacturer with TGA-licensed GMP facilities, providing comparable geographic exposure, product formats, and regulatory positioning to Peak Processing.
• MediPharm Labs: Canadian cannabis contract manufacturer providing white-label and B2B formulation, manufacturing, and distribution services — directly comparable business model to Peak Processing's end-to-end offering.
• THC Global: Australian cannabis company with GMP manufacturing capabilities producing extracts, oils, and finished dose products — overlapping with Peak's Australian contract manufacturing footprint.
• The Valens Company: Cannabis extraction and product development services company offering formulation, manufacturing, and white-label capabilities to cannabis brands — closely aligned with Peak's B2B services model.
• Zelira Therapeutics: Australian cannabinoid medicines company developing and commercializing cannabis-based therapeutic products — comparable as a domestic cannabis medicines business with similar regulatory requirements.

Broad incumbents

• Aurora Cannabis: Large-scale Canadian cannabis producer with diversified product formats and manufacturing capability — relevant comparable for understanding scale economics in cannabis manufacturing.
• Canopy Growth: Global cannabis incumbent with broad product portfolio and in-house manufacturing across extracts, oils, beverages, and capsules — represents the larger-scale, vertically integrated peer that could compete with Peak for contract manufacturing work.
• Tilray Brands: Global cannabis and CPG company with broad portfolio including vapes, oils, beverages, and topicals — provides relevant scale and product-format benchmarking against Peak's seven categories.

Emerging players

• Emyria: Australian clinical cannabinoid company focused on patient data and cannabinoid medicines — comparable as a smaller Australian peer navigating the same TGA regulatory environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/altheacompany
• LinkedInlinkedin.com/company/althea-group-holdings

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Althea Group Holdings