Wildpack Beverage Inc V.CANS

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

Consumer Defensive Beverages - Soft Drinks

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

Wildpack Beverage Inc > NEW LOAN

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Comment by mjh9413on May 24, 2023 1:03am

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Post# 35461306

RE:RE:NEW LOAN

They were technically insolvent their last financials and despite new borrowing their persistent negative cash flow will maintain this situation, with an increasing debt: equity over 5.5 and extreme interest rate imposition.
Can they ever make positive cash flow to stem this? It will take a miracle in business and margin growth IMO. I said previously, who the devil conceived they could payback EVEN THE INITIAL LENDING?
Seems they might have been duped in the acquisition process but have yet to see how legal case progresses.

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This company starts production at what could be Canada’s next great gold mine