VANCOUVER, BC, March 17,
2022 /CNW/ - 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
23rd, 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.