logo-loader
viewHill Street Beverage Company Inc.

Hill Street Beverage strikes deal with Peak Processing Solutions for cannabis infused drinks

Peak Processing is a Canadian cannabis co-packing and white label product manufacturing firm

Hill Street Beverage Company Inc. -
CEO Terry Donnelly said: "As our first key cannabis production partner, Peak will have the entire process we need to produce, fill and package our cannabis-infused beverages"

Hill Street Beverage Company Inc (CVE:BEER) (OCTMKTS:HSEEF) reported a boost to its plans for cannabis infused drinks as it struck a production deal with Peak Processing Solutions.

The latter is a Canadian cannabis co-packing and white label product manufacturing firm, currently completing its purpose-built, world-class beverage and consumer products production facility.

READ:  Hill Street Beverage closes fiscal 2019 with healthy increase in revenue year-over-year

Peak still needs to receive its Health Canada licence to manufacture cannabis edibles, which is expected early next year.

Hill Street has inked a non-binding and non-exclusive letter of intent to produce cannabis infused beverages at Peak's facility. Under the deal, Peak will manufacture strategic products in specific formats, which are attractive to Hill Street's cannabis edibles consumers.

"Strategically, as our first key cannabis production partner, Peak will have the entire process we need to produce, fill and package our cannabis-infused beverages," said Terry Donnelly, chairman and chief executive at Hill Street.

"Their production facilities and standards are an excellent fit for our requirements, and their strict adherence to safety and quality procedures as well as the compliance requirements mandated by Health Canada are essential to our brand.

Deep experience

"We could not be more delighted to partner with Peak's world-class team of experts who have deep experience working with the biggest names in cannabis and consumer packaged goods manufacturing. Leveraging Peak's competencies with Hill Street's extensive history of developing award-winning, nonalcoholic brands, we expect that this partnership will prove to be one of the cornerstones of our success in the cannabis sector," he added.

With the introduction of the "Cannabis 2.0" legislation this year,  edibles, infused beverages, and vapes can be legally bought and sold across Canada.

Hill Street's products include Hill Street Craft Brewed Lager, Vin(Zero) wines, and Vintense wines, and have won numerous medals and accolades around the world.

Quick facts: Hill Street Beverage Company Inc.

Price: 0.055 CAD

TSX-V:BEER
Market: TSX-V
Market Cap: $5.33 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Hill Street Beverage Company Inc. named herein, including the promotion by the Company of Hill Street Beverage Company Inc. in any Content on...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Hill Street Beverage signs cannabis co-packing deal with...

Hill Street Beverage (CVE: BEER) CEO Terry Donnelly joined Steve Darling from Proactive Vancouver to discuss their new co-packing agreement with a new company called Peak Processing Solutions. Donnelly telling Proactive how this deal came about why it needed to happen. Donnelly also talked...

3 weeks, 2 days ago

2 min read