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Wildpack Beverage Inc V.CANS

Alternate Symbol(s):  V.CANS.DB | V.CANS.DB.A | WLDPF | V.CANS.W.A

Wildpack Beverage Inc. is engaged in beverage manufacturing and packaging operating in the middle market. The Company’s primary business activities include aluminum can filling, decorating, packaging, brokering, sleeve/label printing services, and logistics to brands throughout the United States. Its segments include filling, decorating, brokering, and corporate. The Company operates indirectly through its wholly owned subsidiaries and out of five facilities in Baltimore, Maryland; Grand Rapids, Michigan; Atlanta, Georgia; Sacramento, California; and Las Vegas, Nevada with a focus on digital innovation and green ready-to-drink packaging. Its can packaging products include Brite Cans, Can Ends, Printed Cans, PakTech Carriers and Case Trays. Its subsidiaries include Wildpack Holdings US Inc., Wild Leaf Holdings U.S. LLC, Wild Leaf Ventures Group Nevada Inc. and CraftPac, LLC.


TSXV:CANS - Post by User

Comment by mjh9413on Dec 21, 2022 1:27am
196 Views
Post# 35183893

RE:RE:Financials

RE:RE:FinancialsIn fairness the borrowing is mainly the debs and these are fixed at 8%. TAB lent them money but theirs is fully secured. Main scary feature of borowings is the debs are due June and I think October of 2023. All warrants and options are I believe out-of-the-money
With the small margins on the whole cans business, they will not as far as I can see have cash flow to repay and new credit facilites will probably be hard to find let alone negotiate.  I'll say it again, who the devil worked out the growth rates for the company so that those debs would be repayable. I believe if memory serves me right they were both bought deals thru Stifel.
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