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Ranpak reported Q3 revenue of $99.6mln, in line with expectations. The company signed a strategic partnership with Walmart, potentially leading to $700mln in expenditures over a decade. However, Ranpak's financial health shows challenges, with declining revenue growth and profitability margins. The partnership grants Walmart 22.5mln warrants, contingent upon expenditures of $300mln on Ranpak's offerings.

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