Wildpack Beverage's Restructuring Update: A Path to Stability and Growth

Wildpack Beverage Inc. (TSXV:CANS)(OTC PINK:WLDPF), a leading middle market co-packer of canned goods, has provided an update on its proposed restructuring transaction, aiming to strengthen its financial position and secure its future growth. The Company's Chief Executive Officer and Director, Mitch Barnard, and Vice President of Investor Relations, Elijah Clare, announced the details in a press release.

The restructuring transaction involves several components, including the repurchase of $20,000,000 of Debentures from majority owners in exchange for $2,000,000 in cash (Debenture Repurchase), the delisting of the Debentures from the TSXV, and the exchange of remaining Debentures for Common Shares at $0.10 per share (Shares for Debt Settlement). Concurrently, the Company has amended its loan agreement with Sandton Capital Partners, increasing the facility size, extending the term, and adjusting conversion terms. Additionally, the Company has raised $1,325,000 in debt from other sources, with lenders having the option to provide an interest-bearing loan or accept their pro-rata share of Repurchased Debentures.



The Debenture Repurchase and Shares for Debt Settlement will reduce Wildpack's debt obligations and increase its equity base, improving its capital structure and making it less reliant on debt financing. The Delisting of Debentures from the TSXV will result in cost savings, a simplified capital structure, and potentially an increase in shareholder value and liquidity. The amended loan agreement with Sandton Capital Partners and the additional debt financing will provide Wildpack with the necessary funds to execute its business plan and grow its operations.

Wildpack Beverage's restructuring transaction demonstrates the Company's commitment to addressing its financial challenges and positioning itself for long-term success. By reducing debt, increasing equity, and securing additional financing, Wildpack is taking proactive steps to strengthen its financial position and capitalize on growth opportunities in the beverage co-packing industry.

Investors should closely monitor Wildpack Beverage's progress as it executes its restructuring plan and continues to grow its business. The Company's ability to successfully implement these changes will be crucial in determining its future prospects and shareholder value.

In conclusion, Wildpack Beverage's proposed restructuring transaction is a positive step towards addressing the Company's financial challenges and securing its long-term growth. By reducing debt, increasing equity, and securing additional financing, Wildpack is positioning itself to capitalize on growth opportunities in the beverage co-packing industry. Investors should closely monitor the Company's progress as it executes its restructuring plan and continues to grow its business.