VANCOUVER, BC, March 15,
2022 /CNW/ - Wildpack Beverage Inc. (TSXV:
CANS) (OTCQB: WLDPF) ("Wildpack") has filed and
obtained a receipt for its final short form base shelf prospectus
with the securities regulatory authorities in each of the provinces
of Canada (the "Shelf
Prospectus"). The Shelf Prospectus enables Wildpack and certain
of its security holders to qualify the distribution of common
shares, debt securities, subscription receipts, convertible
securities, warrants and units (collectively, the
"Securities"), or any combination thereof, from time to
time, separately or together, in amounts, at prices, on terms and
with an intended use of proceeds to be set forth in a
then-accompanying shelf prospectus supplement ("Prospectus
Supplement"), for an aggregate amount of up to US$150 million during the 25-month effective
period of the Shelf Prospectus.
"I'm excited about the agility a Base Shelf offers an ambitious
company like Wildpack," commented Mitch
Barnard, Chief Executive Officer. "Our experience in buying
and building has led us to a data driven approach to deploying
capital that combines the economics of enterprise value &
shareholder value, the Base Shelf enhances our approach by making
Wildpack nimble over the next two years."
The specific terms of any future offering of Securities will be
established in a Prospectus Supplement to the Shelf Prospectus,
which supplement will be filed with the applicable Canadian
securities regulatory authorities in due course.
Wildpack has filed the Shelf Prospectus in order to maintain
financial flexibility as it continues to scale its business. There
is no certainty that any Securities will be offered or sold under
the Shelf Prospectus.
The Shelf Prospectus and the preliminary base shelf prospectus
can be found under Wildpack's profile on SEDAR at
www.sedar.com.
No securities regulatory authority has either approved or
disapproved of the contents of this news release. This news release
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of the Securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
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 facilities in
Baltimore, Maryland, Grand Rapids, Michigan, Atlanta, Georgia, Longmont, Colorado, Sacramento, California and Las Vegas, Nevada with a focus on digital
innovation and sustainable 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, the potential filing of a Prospectus
Supplement or close any offering of Securities; the ability of the
Company to scale its business; and statements with respect
to Wildpack's services and operations. 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,
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.