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on Wildpack Beverage Inc (NASDAQ:WLDPF)

Wildpack Beverage Announces Major Leadership and Advisory Changes

Wildpack Beverage Inc., a notable middle market co-packer of canned goods, has recently undergone significant changes in its operational leadership team and advisory structure. The company has promoted Thomas Walker to oversee all day-to-day operations, aiming for improved business execution and alignment. Tom Ewing, with a three-decade experience in co-packing, has been brought on board to lead the manufacturing division. With a history of scaling co-pack facilities, his immediate contributions have notably improved operational personnel teams and processes.

Additionally, Dan Wales has been appointed as Vice President of Shared Services, transitioning from his prior role due to his successful structuring of the team. Similarly, Elijah Clare’s rise to Vice President of Brokering marks a strategic move to manage this growing division as a standalone unit. The restructuring not only enhances operational efficiency but mirrors successful practices in the industry.

In parallel, the company has engaged PGP Capital Advisors, LLC to offer financial advisory services, focusing on maximizing stakeholder value through a variety of strategies including capital restructuring and acquisitions. This partnership leans on PGP’s robust experience with mid-market growth businesses. Moreover, Rael Nurick’s resignation from the Board of Directors has been announced, decided mutually to prevent possible conflicts of interest, though Sandton Capital Partners remains a key financier for Wildpack.

Mitch Barnard, the CEO, underscored the restructuring's importance for focusing on core business aspects and strategy, presenting a positive outlook towards scaling the business and enhancing stakeholder engagement.

R. H.

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