Welcome to our dedicated page for Wildpack Beverag news (Ticker: WLDPF), a resource for investors and traders seeking the latest updates and insights on Wildpack Beverag stock.
Wildpack Beverage Inc. (WLDPF), which trades on the TSX Venture Exchange under the symbol "CANS", regularly issues news updates covering its beverage manufacturing and aluminum can packaging operations, financial performance, and capital structure. The company describes itself as a middle market co-packer of canned goods, providing sustainable aluminum can filling, decorating, packaging, brokering, sleeve/label printing services, and logistics to brands throughout the United States.
News about Wildpack often includes quarterly and annual financial results, with details on confirmed customer orders, sales orders, throughput in cans and sleeves, and plant utilization. These releases provide insight into the company’s operating volumes across decoration, filling, brokering, and sleeve printing, as well as trends in its co-packing activity for aluminum canned beverages.
Another major theme in Wildpack’s news flow is financing and restructuring. The company has reported on its term loan arrangements with Sandton Credit Solutions Master Fund V, LP, including amendments that change facility size, conversion terms, interest rates, and maturities. It has also issued multiple updates on a Debenture Restructuring Transaction involving its 8.00% convertible unsecured subordinated debentures, proposed repurchases, exchanges of debentures for common shares, and the planned delisting of debentures from the TSX Venture Exchange.
Recent releases have also addressed Wildpack’s efforts to obtain additional loans, conduct a rights offering, and manage its debt obligations. This includes a disclosure that the company was unable to pay principal and interest due on a series of 8% senior unsecured convertible debentures and is engaged in discussions with stakeholders to restructure its debt, while noting that there is no assurance of a successful outcome.
Corporate and governance developments are another area of coverage. Wildpack’s news has described operational leadership restructuring, changes in board composition, the engagement of PGP Capital Advisors, LLC as financial advisor, and transactions involving its subsidiary Thirsty Cat LLC and significant shareholders. Investors and observers can use the Wildpack news feed to follow these operational, financial, and capital structure developments over time.
Wildpack Beverage Inc. has commenced trading on the OTCQB® Venture Market under the symbol 'WLDPF' as of February 23, 2022. This move aims to facilitate easier access for U.S. investors to Wildpack's securities. The company, engaged in beverage manufacturing across six U.S. locations, has initiated a digital marketing campaign costing US$45,000 for three months and subsequently US$15,000 monthly. The listing aligns with Wildpack's operational growth and investor accessibility strategy, while Stifel GMP and Fasken Martineau DuMoulin LLP serve as financial and legal advisors, respectively.
Wildpack Beverage Inc. (OTC: WLDPF) announced significant operational advancements in January 2022. The company achieved a record 9.1% increase in monthly orders and a 23.3% growth in its order pipeline. With a can throughput of 9.4 million, it is on track to reach 300 million this year. Key leadership hires were made, bolstering operations. Additionally, Wildpack is focusing on technology development and environmental sustainability with initiatives aimed at eliminating plastics by 2024 and transitioning to renewable resources by 2025.
Wildpack Beverage Inc. (OTC: WLDPF) announced its fiscal year 2022 guidance, projecting revenues between USD$75M and $85M with aluminum can throughput of 300 million. The guidance is based solely on scaling its existing six facilities, with plans to expand to twelve during 2022. Additionally, Kim Murray has been appointed to the Board effective December 15, 2021. CEO Mitch Barnard emphasized execution as a key factor for success, while the integration of Land and Sea’s experienced team is expected to enhance operational capabilities.
Wildpack Beverage Inc. (OTC: WLDPF) has launched a new in-house printing production line for can labels and sleeves at its Las Vegas facility. This initiative addresses growing customer demand and aims to simplify operations, reduce vendor reliance, and decrease lead times. The new production line, operational since December 21, 2021, is expected to generate an additional $2.875 million in gross revenue in 2022. Wildpack specializes in sustainable beverage manufacturing and packaging, enhancing its service offerings for middle market beverage brands.
Wildpack Beverage Inc. (OTC: WLDPF) has applied to list its common shares on the OTCQB Venture Market, enhancing its visibility in the U.S. capital markets. This move is contingent upon regulatory approvals from FINRA and the OTCQB. CEO Mitch Barnard emphasized that the listing will diversify shareholder opportunities and support U.S. employee participation in company growth. The company will continue trading on the TSXV under the symbol CANS. With operations across several U.S. states, Wildpack focuses on sustainable beverage manufacturing and packaging.
Wildpack Beverage Inc. (OTC: WLDPF) reported significant growth in its third quarter financial results for 2021, including a 137% increase in Adjusted EBITDA to $436K and a 56% increase in gross margin to 19.7%. Revenue reached $7.069 million, and total can volume was 24.8 million, up 36% from the previous quarter. The company also completed acquisitions of Craftpac and Vertical Distilling, enhancing its operational capacity and geographic reach.
Wildpack Beverage Inc. (OTC: WLDPF) has successfully completed the acquisition of KT Murray Corporation, known as Land and Sea Packaging, for US$37.2 million. The deal includes US$26.1 million in cash and shares. Land and Sea generated US$21.9 million in revenue and US$4.67 million in EBITDA over the last twelve months. The acquisition aligns with Wildpack's growth strategy, anticipating synergies and expansion opportunities. Additionally, Wildpack raised C$22 million from a public offering and C$20 million from a private placement of debentures.
Wildpack Beverage Inc. (OTC: WLDPF) will announce its third-quarter financial results for the period ending September 30, 2021, on November 29, 2021, after market close. The company's leadership team, including CEO Mitch Barnard, will host a live earnings call at 5 PM EST to discuss the results and operations, with a focus on recent acquisitions. Wildpack specializes in aluminum can filling and decorating services across the U.S. and aims to promote sustainable beverage manufacturing.