Wildpack Announces Successful Annual General Meeting

Rhea-AI Summary

Wildpack Beverage (OTCQB: WLDPF) successfully held its annual general meeting on January 26, 2023, with 54,944,241 common shares (49.48% of outstanding shares) represented. Major decisions included the election of eight directors, approval of the new Omnibus Incentive Plan, and the appointment of KPMG LLP as auditors. All director nominees received significant support, with votes ranging from 87.12% to 99.57% in favor. This reflects strong shareholder engagement and confidence in Wildpack's strategic direction and governance.

Positive

• Majority of shareholders participated, reflecting strong engagement.
• All proposed items, including the new Omnibus Incentive Plan, were approved.
• Director nominees received high approval rates, indicating confidence in management.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / January 27, 2023 / Wildpack Beverage Inc. (TSXV:CANS)(OTCQB:WLDPF) ("Wildpack" or the "Company") a leading co-packer of canned goods, is pleased to announce the results of a successful special and annual general meeting (the "Meeting") of shareholders of Wildpack held on January 26, 2023.

A total of 54,944,241 common shares representing 49.48% of the outstanding common shares of the Company were voted in person or by proxy at the Meeting.

At the Meeting, all items put forth in its notice of meeting and information circular dated December 15, 2022 were approved, including the election of all nominees as directors, setting the number of Directors at eight (8), appointment of KPMG LLP as auditors of the Company for the ensuing year, and approval of the Company's new Omnibus Incentive Plan.

At the Meeting, shareholders of Wildpack elected the individuals set out in the table below as directors of the Company to hold office until the next annual general meeting or until their earlier resignation or the appointment or election of their successor. The total votes cast by all shareholders of the Company present in person or by proxy were as follows:

	Votes Cast	% of Votes Cast	Votes Cast	% of Votes Cast
	For	For	Withheld	Withheld
Jeffrey Mason	51,080,499	93.54%	3,529,100	6.46%
Mitch Barnard	54,374,089	99.57%	235,509	0.43%
Joseph Bubel	51,096,199	93.57%	3,513,400	6.43%
Sean Clark	47,576,596	87.12%	7,033,003	12.88%
Sara Coyle	54,261,599	99.36%	348,000	0.64%
Matt Dwyer	50,757,696	92.95%	3,851,903	7.05%
Stephen Fader	54,260,789	99.36%	348,809	0.64%
Kim Murray	50,758,496	92.95%	3,851,103	7.05%

Per: "Mitch Barnard"

Mitch Barnard
Chief Executive Officer and Director

For further information, please contact us at:

invest@wildpackbev.com
or
Elijah Clare
Vice President, Investor Relations
elijah@wildpackbev.com

Advisors

Fasken Martineau DuMoulin LLP is the legal advisor to Wildpack Beverage Inc.

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, 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, anticipated revenue from manufacturing agreements, 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/737114/Wildpack-Announces-Successful-Annual-General-Meeting

FAQ

What was the outcome of Wildpack Beverage's annual general meeting on January 26, 2023?

All proposals, including the appointment of KPMG as auditors and the election of directors, were approved.

What percentage of shares were voted at Wildpack's annual meeting?

49.48% of the outstanding common shares were voted.

Who were elected as directors at Wildpack's January 2023 meeting?

Jeffrey Mason, Mitch Barnard, Joseph Bubel, Sean Clark, Sara Coyle, Matt Dwyer, Stephen Fader, and Kim Murray were elected as directors.

What is the stock symbol for Wildpack Beverage?

Wildpack Beverage trades under the symbol WLDPF on the OTCQB.