Wildpack Beverage Reports June 2023 and Announces Q4 2022 Financial Results

June 2023 Highlights (in USD):

• Confirmed Customer Orders: $7,569,251.
• Confirmed Sales Orders: 312.
• New Customer Conversions: 25.
• Total Throughput: 37,018,967 cans.
• Decoration Throughput: 4,941,215 cans.
• Filling Throughput: 3,428,587 cans.
• Printed Sleeve Throughput: 5,437,226 sleeves.
• Brokering Throughput: 23,211,939 cans.
• Plant Utilization: 41%.

VANCOUVER, BC / ACCESSWIRE / July 17, 2023 / Wildpack Beverage Inc. (TSXV:CANS)(OTC PINK:WLDPF) ("Wildpack Beverage" or the "Company") a leading middle market co-packer of canned goods announced key performance indicators (all currency amounts in USD) for the month of June 2023. The Company reported confirmed sales orders amounting to $7,569,251, with confirmed sales orders reaching 312. The current 12-month run rate for customer confirmed orders is $90,831,012.

Foto: Accesswire

June acted as a stabilizing period at recent record utilization levels; Wildpack Beverage's total throughput was 37,018,967 cans. The Company decorated 4,941,215 cans and filled 3,428,587 cans. Wildpack Beverage printed a record 5,437,226 sleeves and brokered 23,211,939 cans.

Foto: Accesswire

Wildpack maintained peak utilization levels of 41% through several operational adversities including city water shutoffs, equipment failures, and vendor delays. Our ability to maintain stability in these circumstances is a testament to the strengthened operational infrastructure developed in the last twelve months and the functions that support it.

"We are proud to maintain peak levels of utilization in the face of events that would have resulted in significant performance declines historically," expressed Mitch Barnard, CEO of Wildpack Beverage. "This stress test provides the confidence our team needs to continue climbing utilization levels at an accelerated rate in the second half of the year."

Fourth Quarter 2022 Highlights:

• Revenue for the quarter grew 47% to $9.76 million compared to $6.64 million in the prior year
• Production volume for the quarter grew 138% to 63.1 million cans compared to 26.5 million cans the prior year
• Las Vegas Facility was certified through the Safe Quality Food Program
• Completed US$1 Non-Brokered Private Placement
• Announced strategic partnerships with Woodstream and EHPlabs

Fiscal Year 2022 Highlights: