Peak Processing Ltd has reported Peak Processing Q4 Production Growth, with scheduled beverage production reaching approximately 1.4 million units during Q4 FY26 (April-June 2026), supported by confirmed customer purchase orders. Production volumes have accelerated from 702,289 units in Q2 FY26 to an estimated 900,000 units in Q3 FY26, representing approximately 28% quarter-on-quarter growth. A further 56% increase is expected from Q3 to Q4, translating production momentum into materially higher Canadian revenue.
The production step-change follows an operational reset during H1 FY26, which established the foundation for sustained manufacturing growth across Peak’s Canadian cannabis beverage platform.
OTIF performance reaches 99.75% after operational overhaul
Delivery reliability has improved dramatically following Peak’s operational restructuring. On-Time-In-Full (OTIF) performance climbed from 53% in June CY25 to 99.75% in February CY26, representing best-in-class execution standards.
The improvement reflects enhanced production planning, refined operational processes and stronger supply chain execution. Provincially controlled distributors in Canada assess OTIF performance when evaluating forward orders, new product listings and SKU licensing decisions. Peak’s near-perfect delivery record has translated directly into stronger brand partner and retailer engagement, underpinning both listing wins and new brand launches.
| Metric | June CY25 | February CY26 |
|---|---|---|
| OTIF Delivery Rate | 53% | 99.75% |
What is OTIF and why it matters for cannabis manufacturers
OTIF (On-Time-In-Full) is an operational reliability metric measuring whether orders are delivered complete and on schedule. In regulated cannabis markets, provincially controlled distributors use OTIF performance as a key criterion when assessing suppliers for forward orders, new product listings and SKU licensing approvals.
Unlike unregulated sectors, cannabis distributors must maintain strict compliance standards and supply chain continuity. A manufacturer can produce high volumes but still fail commercially if it cannot reliably deliver products to specification and schedule. For Peak, improved OTIF performance directly enabled the listing wins and brand partnerships detailed in this operational update, demonstrating that delivery reliability translates into commercial opportunity.
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Ontario Cannabis Store listings accelerate with 19 new products secured
Peak has secured 19 new beverage listings with the Ontario Cannabis Store (OCS) across the two most recent product calls, including 10 listings from the March 2026 call alone. The OCS conducts approximately five product calls per year, with successful submissions selected through a competitive review process and limited listings available per call.
All newly listed beverages utilise Peak’s proprietary Envision Emulsions™ technology, designed to support consistent dosing, product stability and quality. The accelerating listing growth reflects Peak’s improved operational credibility with the regulatory distributor, directly attributable to OTIF improvements from 53% to 99.75%.
The progression demonstrates sustained momentum:
- 2025 Call 3 through to 2026 Call 2 showing accelerating listing wins
- Most recent call (2026 Call 2) delivered 10 new listings
OCS listing growth provides revenue diversification and reduces customer concentration risk by expanding Peak’s retail presence through the provincially regulated distributor.
New brand launches expand manufacturing platform
Peak has launched two new beverage brands on its manufacturing platform, demonstrating demand for reliable contract manufacturing capabilities.
Reggae Royalty is owned by Ram Force Global (RFG), a consumer brand group with experience across lifestyle and beverage products including cigar, wine and olive oil brands. The launch is supported by a structured go-to-market strategy focused on premium positioning and culturally driven consumer engagement, with RFG managing go-to-market execution whilst Peak provides Ontario manufacturing.
Juana Sip was developed by the executives responsible for Siempre Tequila, an established tequila brand distributed in more than 70 international markets. The brand targets the ‘sober-curious’ consumer segment with flavour-forward cannabis beverages designed as an alcohol-free social alternative.
Both brands utilise Peak’s beverage manufacturing and commercialisation platform, including formulation support and production capabilities. Peak provides manufacturing whilst brand owners manage go-to-market execution, positioning the company as a contract manufacturing partner for both emerging and established brands.
Manufacturing agreements expand with key partners
Peak has secured expanded agreements with existing manufacturing partners, underpinning the Q4 production forecast. The manufacturing agreement with St. Peter’s Beverages (makers of Green Monke and Cookies brands in Canada) has expanded by 250%. The company has also expanded its agreement with Electric Brands for the Sweet Justice beverage portfolio.
These expanded agreements with existing partners indicate satisfaction with Peak’s service quality and reduce customer acquisition costs by deepening relationships with established clients.
Revenue diversification beyond beverages
Peak has expanded its contract manufacturing platform across multiple cannabis product categories, supporting a broader and more diversified revenue base.
The company continues to provide extraction services for licensed cannabis producers, including JC Green. In 2024, Peak completed an initial contract with JC Green covering approximately 3,700 kg of fresh frozen cannabis for live resin extraction. Following successful completion, the parties entered into a renewed 2025 agreement covering a further 2,511 kg, which is currently nearing completion.
Peak has secured new listings with Cross Border Concentrates & Legacy, brands owned by New Leaf (the team behind the national Greybeard cannabis brand). One of these listings represents Peak’s re-entry into the vape category, extending the company’s product presence beyond beverages.
Peak is undertaking re-entry into the topical category through LivRelief Infusions by Delivra Health, further expanding participation across regulated cannabis product formats.
The expanded manufacturing platform now covers:
- Beverages (core category)
- Concentrates
- Vape products
- Topicals
- Extraction services
Multi-category manufacturing reduces reliance on beverages and broadens the addressable market across regulated cannabis formats.
Operational efficiency improvements continue
Peak has continued reducing operating overheads and manufacturing costs through automation investments. In the last four months, the company has installed and commissioned three systems:
- Advanced vision inspection systems (micro-level defect detection)
- Automated fill-level verification systems (fill accuracy)
- Automated case taping systems (packaging throughput)
These automation investments support margin improvement as production scales, reducing per-unit costs whilst maintaining quality standards.
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CEO outlines path from operational turnaround to revenue growth
Management has confirmed the operational reset is complete and the platform is entering a growth phase. CEO Barry Katzman stated:
Barry Katzman, CEO
“Operational and managerial improvements implemented over the past eight months are now translating directly into meaningful production growth and stronger platform utilisation. Moving from approximately 700,000 units in Q2 to an estimated 900,000 units in Q3, and expecting approximately 1.4 million units in Q4, reflects increasing demand from brand partners for a reliable and scalable manufacturing platform.”
Katzman noted that achieving an OTIF rate of approximately 99.8% demonstrates Peak has re-established the operational credibility required to secure new listings, support brand launches and build longer-term manufacturing relationships.
Barry Katzman, CEO
“With confirmed customer purchase orders already supporting significant Q4 production growth, we believe the platform is now entering a phase where improved operational execution can translate into sustained revenue expansion.”
The commentary confirms production growth is supported by confirmed orders rather than forecasted demand, providing revenue visibility through Q4 FY26.
US operations progress
Peak’s US operations continue to progress, with further updates expected in due course. Limited detail was provided in this operational update, positioning US market entry as a potential future growth catalyst with timing and scope to be disclosed.
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