VANCOUVER, BC, Dec. 23, 2021 /CNW/ - Wildpack Beverage
Inc. (TSXV: CANS) (OTC: WLDPF) ("Wildpack" or the
"Company") is pleased to announce the launch of its dedicated
in-house printing production line for can labels and sleeves. This
new, dedicated line is located in the Company's Las Vegas Facility
and has the capacity to meet projected internal 2022 decorating
demand across Wildpack's existing network of 6 facilities across
the USA and anticipated future
expansion.
"We pride ourselves on being customer centric and offering
economies of scale to middle market beverage brands. As a result of
customer demand, we made the strategic decision to commission this
production line. Integrating this production capability adds
immediate value to our customers by reducing vendors, simplifying
operations, and reduce lead times, one of the key problems
Wildpack's strategy solves," added Chuck
Zadlo, Chief Operations Officer at Wildpack Beverage.
Since its inception, Wildpack has offered fully integrated
co-packing or a la carte services to meet the needs of middle
market beverage brands once they have reached the stage of
production. Wildpack's state-of-the-art Las Vegas facility houses the HP digital
printers used in the production of can labels and sleeves with
customer printing commencing on yesterday, December 21, 2021. Wildpack's printing production
is expected to result in an increase in gross revenue of
$2.875M in 2022.
Chris Sumpter, Digital Press
Manager at Wildpack, commented, "With this added capability,
Wildpack is in a position to offer all components of the co-packing
process, printing, decorating, filling, and packing integrated into
one-stop. As customers continue to demand all-in-one services,
Wildpack will pursue the strategic integration of production
verticals. Bringing printing services in-house allows Wildpack
better tracking and controls for our quality assurance targets and
ESG goals as we pursue scalable alternatives for renewable label
production."
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 and decorating services to brands throughout
the United States. Wildpack
currently operates indirectly through its wholly owned subsidiaries
and out of facilities in Baltimore,
Maryland, 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.V".
Forward-Looking Statements
This news release may contain "forward-looking statements"
within the meaning of applicable Canadian securities laws,
including, without limitation, the anticipated revenue in
connection therewith. Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable by management, are inherently subject to
significant business, economic and competitive uncertainties, and
contingencies. 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. Wildpack's statements expressed or implied by these
forward-looking statements 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. 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; the
inability to actualize the anticipated benefits of the
implementation of Wildpack's in-house printing production line; and
adverse market conditions. 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.
