Wildpack Announces DTC Eligibility of its Common Shares

Rhea-AI Summary

Wildpack Beverage has achieved DTC eligibility for its common shares, enhancing its listing on the OTCQB Venture Market. This eligibility simplifies the investment process for retail clients using mobile applications, thus potentially increasing investor access. DTC eligibility is expected to enhance liquidity for Wildpack's shares by facilitating electronic clearing and settlement. Operating primarily in beverage contract packing, Wildpack aims to provide sustainable packaging solutions and has facilities across the U.S., including locations in Baltimore and Las Vegas.

Positive

• DTC eligibility enhances listing on OTCQB Venture Market.
• Simplifies investment process for retail investors.
• Expected increase in liquidity for Wildpack's common shares.

Negative

• None.

VANCOUVER, BC, March 17, 2022 /PRNewswire/ - Wildpack Beverage Inc. (TSXV: CANS) (OTCQB: WLDPF) ("Wildpack"), a U.S. based, multi-facility, fully integrated beverage contract packing company, is pleased to announce that its common shares (the "Common Shares") are now eligible for electronic clearing and the settlement through the Depository Trust Company (the "DTC").

"Our DTC eligibility enhances our listing on the OTCQB® Venture Market which we announced on February 23^rd, 2022," commented Mitch Barnard, Chief Executive Officer. "DTC eligibility and OTCQB combine to simplify investing in Wildpack and increase our visibility. In my experience, our story resonates very well with a retail audience who typically make their investments through mobile applications that require DTC eligibility. We are happy to extend access to them so that they can join the Pack."

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of securities for publicly traded companies in the United States. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible." DTC eligibility is expected to simplify the process of trading and enhance the liquidity of the Company's Common Shares in the United States because of the accelerated settlement period and the expected reduction in costs for investors and brokers.

Per:      "Mitch Barnard"

Mitch Barnard 
Chief Executive Officer and Director

Advisors

Stifel GMP is financial advisor to Wildpack Beverage Inc., Fasken Martineau DuMoulin LLP is its legal advisor.

Visit our investor website at:

https://investor.wildpackbev.com

About Wildpack

Wildpack is engaged in beverage manufacturing and packaging, operating in the middle market by providing sustainable aluminum can filling, decorating, packaging, and sleeve and label printing services to brands throughout the United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and out of facilities in Baltimore, Maryland, Grand Rapids, Michigan, Atlanta, Georgia, Longmont, Colorado, Sacramento, California and Las Vegas, Nevada with a focus on digital innovation and green ready-to-drink packaging. Wildpack commenced trading on May 19, 2021, on the TSX Venture Exchange under the symbol "CANS" and commenced trading on February 23, 2022, on the OTCQB® Venture Market under the symbol "WLDPF".

Cautionary Statement on Forward Looking Information

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws, including, but not limited to, statements with respect to Wildpack's plans, financial performance and operating performance, anticipated growth in co-packing business, the estimation of revenue, the timing and targets of M&A activity, costs, future capital expenditures, and the success of integration. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks including but not limited to: risks related to the successful integration of acquisitions; risks related to operations; risks related to general economic conditions and credit availability, ability to obtain sufficient and suitable financing, actual results of current production and decorating, fluctuations in prices of aluminum; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the co-packaging industry; delays in the completion of capex activities, changes in national and local government regulation of manufacturing operations and labour laws in light of the current COVID pandemic, tax rules and regulations, and political and economic developments where Wildpack operates. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements expressed or implied by Wildpack are subject to a number of risks, uncertainties, and conditions, many of which are outside of Wildpack's control, and undue reliance should not be placed on such statements. Although Wildpack has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties related to Wildpack's business, including that Wildpack's assumptions in making forward-looking statements may prove to be incorrect; delays in filing of financial information; adverse market conditions; risks inherent in the beverage manufacturing and packaging sector in general; that future results may vary from historical results; and competition in the markets where Wildpack operates. Except as required by securities law, Wildpack does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Wildpack Beverage Inc.

FAQ

What does DTC eligibility mean for Wildpack Beverage (WLDPF)?

DTC eligibility allows Wildpack's shares to be electronically cleared and settled, simplifying the investment process and potentially increasing liquidity.

How does DTC eligibility impact Wildpack's stock liquidity?

DTC eligibility is expected to enhance liquidity by facilitating faster and more cost-effective trading of Wildpack's common shares.

When was Wildpack Beverage's DTC eligibility announced?

Wildpack Beverage announced its DTC eligibility on March 17, 2022.

What stock market symbol does Wildpack Beverage use?

Wildpack Beverage trades under the symbol WLDPF on the OTCQB Venture Market.

What type of services does Wildpack Beverage provide?

Wildpack specializes in beverage manufacturing, providing sustainable aluminum can filling, decorating, and packaging services.