'Punk' revolves around Peter (Vince Staples) who joined free-spirited runaways on a road trip after he received a rejection letter. Headed by Skip (Baker) and his sister Lucy (Delevingne), they collectively push the boundaries of freedom. Peter falls for Lucy to discover later that the crew is a band of bank robbers, hell-bent on becoming modern-day Robin Hoods.
Stallone and Sistine Stallone executive producing the film which is penned by Hughes.
The shooting of the film is slated to start this year, with Fortitude introducing the film to buyers in Cannes.
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