WILDPACK BEVERAGE INC - WLDPF STOCK NEWS

Wildpack Beverage Inc. (OTCQB:WLDPF) has signed a long-term purchase and supply agreement with Ball Corporation for aluminum beverage packaging. This partnership aims to provide sustainable packaging solutions across Wildpack's six U.S. locations, enhancing their customer offerings. Wildpack's Chief Growth Officer emphasized that this agreement will help reduce freight costs and ensure that clients have access to high-quality packaging at competitive prices. The collaboration aligns with Wildpack's goal of sustainability while optimizing operational efficiency.

In July 2022, Wildpack Beverage (OTCQB:WLDPF) achieved record throughput of 20.1 million equivalent standard cans, marking a 7.6% month-over-month increase. Key highlights include significant gains in can decorating (54% increase) and sleeve printing (244% increase) compared to the first quarter. Plant utilization rose by 47% to 23% over Q1 averages, and the company secured a multi-year contract for over 50 million printed cans annually. Financial results for Q2 2022 will be announced on August 29, 2022, during a scheduled earnings call.

Wildpack Beverage Inc. (OTCQB: WLDPF) reported remarkable production growth for June 2022. Achieving an equivalent of 18.7 million standard 12-ounce cans, throughput rose by 18% month-over-month. Major operational highlights included 98% growth in can decorating, 72% in sleeve printing, and 17% in can filling. Total sales orders reached 153, a 26% improvement MoM, with new customer conversions doubling. Plant utilization surged to 38%, marking a 76% increase. Additionally, the Board granted stock options and RSUs to key employees.

Wildpack Beverage Inc. (OTCQB: WLDPF) reported significant operational improvements for May 2022, achieving a 19% growth in sleeve printing and a 32% increase in can decorating throughput month-over-month. The company processed 15.9 million cans and maintained over 90% yield in can filling and decorating. Total orders rose 29% month-over-month. Plant utilization also improved to 21.5%, marking a 36% increase since Q1. However, the resignation of the former auditor adds uncertainty as Wildpack seeks a replacement.

Wildpack Beverage Inc. (OTCQB:WLDPF) announced the resignation of Chief Operating Officer Chuck Zadlo, effective June 2, 2022. During his tenure, Zadlo oversaw the expansion of operations from two to six facilities amid the challenges posed by COVID-19. The company will not be seeking a replacement for this role, opting instead for a streamlined reporting structure directly to the CEO. This move aims to enhance operational efficiency and focus on profit-centric strategies, promoting lower break-even costs across all facilities.

Wildpack Beverage (OTCQB: WLDPF) reported a robust first quarter for 2022, with revenue increasing by 33% to $8.53 million compared to $6.43 million in the previous year. Production volume surged 181% to 44.9 million cans. However, the company also faces challenges, including a net loss of $3.89 million against $0.89 million last year. Wildpack has pivoted its strategy to focus on organic growth and profitability, announcing a 2022 revenue outlook of $40-$55 million, excluding any acquisitions or new builds.

Wildpack Beverage Inc. (OTCQB:WLDPF) announced it will release financial results for Q1 2022 after market close on May 30, 2022. A webcast to discuss these results will be held on May 31, 2022, at 8:30 AM EDT. The company also reported that Kirpal Mann resigned from the Board of Directors to focus on other professional commitments. Wildpack operates several facilities across the US, emphasizing sustainable aluminum can packaging. The company commenced trading on the TSX Venture Exchange under the symbol 'CANS' and on the OTCQB under 'WLDPF'.

Wildpack Beverage Inc. (OTCQB: WLDPF) has appointed David Bower as its new Vice President of Sales, bringing extensive experience from Upland Brewing Co. and Indiana's Sun King Brewery. This addition comes as Wildpack aims to enhance its sales strategies amid rapid growth. April's operational highlights include record sleeve printing throughput (up 47%) and can filling throughput (up 25%), despite a 15% month-over-month decline in overall can throughput to 16.1 million. The company continues to build its manufacturing network to support the US beverage market.

Wildpack Beverage Inc. (OTCQB: WLDPF) reported a strong fourth quarter with revenue increasing by 32.8% to $6.64 million from $5.00 million in 2020. Production volume surged 191% to 26.5 million cans. For the fiscal year, total revenue was $28.3 million, with a gross profit of $1.6 million. The company completed C$22 million in equity financing and C$20 million in debt financing while expanding its facility footprint by 200%. Looking ahead, Wildpack anticipates revenue between $75-85 million in 2022.