Wildpack Announces Record Monthly Sales, SQF Certification for Las Vegas Facility and Growing Average Customer Size
Wildpack Beverage Inc. (OTCQB: WLDPF) reported record monthly sales and new customer conversions in September 2022, achieving the best sales month since inception with 15.6 million equivalent 12-ounce can throughput. The company also announced Safe Food Quality Certification for its Las Vegas facility, scoring above 90. A new Comac CFT rotary filler has been installed, increasing batching capacity to 20,000 gallons per day. These advancements highlight Wildpack's commitment to quality and operational efficiency, with a focus on growing customer demands.
- Record monthly sales achieved in September, the best since inception.
- Record new customer conversions and increased average customer size.
- Installation of a new rotary filler enhancing production capacity.
- Successful SQF certification for quality assurance in Las Vegas facility.
- None.
Highlights
- Record monthly sales
- Record new customer conversions
- Second highest total orders
- Safe Food Quality Certification in Las Vegas, scoring above 90
- Commissioning of a new Comac CFT rotary filler in Las Vegas
- Increase in average customer size
VANCOUVER, BC / ACCESSWIRE / October 18, 2022 / Wildpack Beverage Inc. (TSXV:CANS)(OTCQB:WLDPF)("Wildpack" or the "Company") a U.S. national beverage co-packer and packaging supplier focused on the aluminum can format, today announces that their Las Vegas Facility has been certified through the Safe Quality Food Program ("SQF").
Wildpack's fully integrated beverage manufacturing solution is front and center at Wildpack's Las Vegas facility, that has grown to an 80,000 square foot state-of-the-art facility that houses a sleeve printing press, shrink sleeve decorating line, beverage can filling line and logistics warehousing. The SQF program, to which we are now certified, is administered by the Food Marketing Institute ("FMI") in the United States and is recognized by the Global Food Safety Initiative ("GSFI"). The SQF Program is a rigorous and credible food safety and quality program that is recognized by major retailers, brand owners, and food service providers world-wide.
Coinciding with our SQF certification, Wildpack has installed a new Comac CFT rotary filler in our Las Vegas Facility. This new CFT filler allows for batching of 20,000 gallons per day and expands our co-pack can trim sizes.
"Wildpack's quality assurance program has always been at the forefront of our manufacturing goals," commented Mike Maddox, Senior Vice President Operations & Center of Excellence. "Achieving the SQF certification in Las Vegas reflects our daily commitment to the highest industry standards for food and beverage production. The upgrades to our filling lines reflect the Company's commitment to operational improvements and efficiency. The Pack should be proud of these accomplishments and our customers, future and existing, can trust the excellence of our processes."
September Operations
In September 2022, Wildpack achieved a new record for new customer conversions and narrowly missed a record for total orders. These factors combined with larger average order sizes resulted in Wildpack achieving its best sales month since inception. Wildpack's equivalent 12-ounce can throughput in September was 15.6 million cans, while
"Record sales, new customers and our second highest month in total orders are all leading indicators of improvements to our positively trending throughput," commented Thomas Walker, Chief Growth Officer. "Our value proposition was strengthened this summer by our supply partnership with Ball Corp., plant certifications, equipment improvements and the scale of new customers we are onboarding; we are all focused on driving this trend to fully utilize our existing and organically expanded capacities."
Per: "Mitch Barnard"
Mitch Barnard
Chief Executive Officer and Director
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Advisors
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About Wildpack
Wildpack is engaged in beverage manufacturing and packaging operating in the middle market by providing sustainable aluminum can filling, decorating, packaging, brokering, sleeve/label printing services, and logistics to brands throughout the United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and out of six 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 the TSX Venture Exchange under the symbol "CANS" on May 19, 2021, and on the OTCQB® Venture Market under the symbol "WLDPF" on February 23, 2022.
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, investments from private placements, anticipated revenue from manufacturing agreements, board appointment, plans to build additional facilities, 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 scaling up production. 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 particularly in light of the 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.
SOURCE: Wildpack Beverage Inc.
View source version on accesswire.com:
https://www.accesswire.com/720793/Wildpack-Announces-Record-Monthly-Sales-SQF-Certification-for-Las-Vegas-Facility-and-Growing-Average-Customer-Size
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