When I grow up, I want to bottom-tick a turnaround. It's been an expensive hobby, but could this be the one?

Peak used to be Althea Group. They are now a focused producer of THC-infused drinks, with white label and own brands. They dominate the Canada market, and are positioned with major deals for the USA, ready to move into states markets that open up.

There is regulatory uncertainty in the USA, however, the medium term trend is favourable.There's a story there about the hemp-derived THC market which I might try to write a straw on later. Long story short, it favours larger producers who can pivot. Peak is the enabler to larger producers, who want to plug and play THC into their wider beverage stable.

Infusion is not easy. It requires experience to deliver reliable and palate-friendly product at scale. They have this, which is evidenced by their deals.

It would take a proper analyst to say how strong the finances are from here, but I feel like they have largely cleaned up a mess and revealed an interesting proposition.

Canada production: