PEAK PROCESSING LIMITED — Capital/Financing Update 2026

Mar 2, 2026

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Expanded Agreement with Electric Brands secures expected annual production of ~1.4m Sweet Justice units

• Expanded Agreement with Electric Brands for the Sweet Justice beverage portfolio

• Sweet Justice is one of Canada’s leading cannabis beverage brands

• Sweet Justice has achieved strong market penetration and sales momentum in Canada and has recently expanded into the US market, highlighting international growth

• Electric Brands is an existing Peak customer – PKP currently manufactures ~1.4m units for the group per annum, underpinning strong revenue visibility

• Peak has manufactured Sweet Justice products continuously since 2020, representing a long-standing, repeat, high-volume relationship with demonstrated demand durability

• Expanded Agreement builds on the expansion of Peak’s manufacturing partnership with St. Peter’s Beverages, highlighting customer retention and platform scalability

• Supports continued Canadian growth and US cross-border expansion opportunities

Peak Processing Limited (ASX: PKP), ( ‘PKP’ , or ‘the Company’ ), is pleased to advise it has renewed its manufacturing contract with Electric Brands Inc., the owner of the Sweet Justice beverage portfolio (‘ Expanded Agreement’ ). The Expanded Agreement reinforces Peak’s position as a scaled contract manufacturer of regulated cannabis and hemp-derived beverages in North America.

Sweet Justice represents one of Peak’s largest recurring production programs, reflecting the scale, reliability and repeat demand characteristics of the Company’s manufacturing platform

Electric Brands owns the Sweet Justice brand, which has grown into one of Canada’s most recognised independent cannabis beverage labels. Peak has produced Sweet Justice beverages since 2020, including multiple soda-style SKUs such as Cherry Cola, Root Beer and Cranberry Ginger Ale.

Peak currently manufactures approximately 1.4m units of Sweet Justice products per annum, representing a material contribution to plant utilisation and base-load production and providing validation of the Company’s manufacturing capabilities. Production volumes are based on current demand forecasts and are subject to change in line with market conditions and customer requirements.

The Expanded Agreement follows continued market penetration and sales momentum of Sweet Justice in key Canadian provinces, with multiple products ranking strongly in the cannabis beverage category, demonstrating sustained consumer demand.

Most recently, the Sweet Justice brand has also expanded into the US market, with hemp-derived THC beverage products available in Michigan, Florida, and North Carolina, highlighting early international footprint growth and direct alignment with Peak’s North American manufacturing strategy.

With high-volume manufacturing agreements in place across multiple beverage brands, Peak continues to strengthen forward production visibility, plant utilisation and operating leverage as volumes scale across the platform. The Company is in advanced negotiations with several parties to further scale its North American manufacturing platform and pursue additional opportunities across regulated cannabis and hemp-derived beverage markets.

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CEO, Barry Katzman, said: “Extending our manufacturing partnership with Electric Brands confirms Peak’s ability to support scaled, repeat production programs for leading beverage brands. This is a long-standing partnership that has scaled consistently over time, and Sweet Justice now represents approximately 1.4m units of annual production for our facilities.

“Importantly, this Expanded Agreement follows closely on the expansion of our St. Peter’s Beverages partnership and demonstrates our ability not only to attract new customers, but to retain and grow with existing brand partners. As we continue to invest in automation, quality systems and proprietary technologies, we see further opportunities to deepen these relationships and support both Canadian growth and cross-border expansion into the US.

“Customer renewals and volume expansions across multiple brands highlight Peak’s ability to retain customers as they scale, reinforcing the stickiness of the Company’s manufacturing platform.”

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Image: The existing Sweet Justice range of cannabis and hemp-derived beverages

With multiple scaled production programs now embedded within the business, Peak continues to transition toward a higher-utilisation, repeat-volume manufacturing model.

Other key material terms:

While the commercial details regarding pricing and margin are commercially sensitive, the Expanded Agreement provides for:

• Improved financial terms, including new arrangements for downpayments, customer-provided materials and larger minimum order quantities, which contribute to improved working capital cycle and cash flows

• Exclusivity provisions, including the manufacture of all SKUs in the market

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• Renewal options for 4 consecutive 2-year terms after 1[st] year, providing the scope for long-term competitive advantage in the growing market for this product channel

• Standard commercial termination inclusions and notice periods apply

• There are no other material conditions.

-ENDS-

The Board of Peak Processing Limited authorised this announcement to be lodged with the ASX.

For further information, please contact:

Peak Processing Limited Media & Investor Enquiries Barry Katzman Six Degrees Investor Relations Managing Director & CEO Henry Jordan M: 1300 70 20 20 P: +61 0431 271 538 E : bkatzman@peakprocessing.com E: henry.jordan@sdir.com.au

About Peak Processing

Peak Processing Limited (ASX:PKP) is a leading FMCG organisation specialising in the manufacturing, sales, and distribution of THC beverages. Peak Processing develops premium, compliant products that resonate with adult consumers in regulated global markets, including USA and Canada.

Visit www.peakprocessing.com

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