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. provides beverage manufacturing and packaging services for middle-market beverage customers in the United States. The company operates through wholly owned subsidiaries and focuses on aluminum can filling, decorating, packaging, brokering and logistics for ready-to-drink brands.
Company news commonly covers operating and financial results, order and throughput updates, facility activity, governance changes, shareholder ownership reports and capital-structure matters. Recent disclosures also include updates on senior unsecured convertible debentures, debt obligations and strategic financing discussions tied to ongoing operations.
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.