Wildpack announces Board Resignations, Anticipated Enforcement Against Assets

• On 2026-07-01, Wildpack announced three immediate board resignations (Matthew Dwyer, Emma Coyle, Izhar Basha) and the appointment of Thomas Walker.
• Remaining directors: Mitch Barnard and Steve Fader.
• Principal secured lender Sandton Capital has notified the company of its intent to enforce security over all assets and has ceased funding operations, after providing $2.77M over the prior six months to keep the company afloat.
• Without lender funding, Wildpack cannot complete the audit of its 2025 financial statements and expects a cease-trade order to be issued against its securities.
• This is the culmination of a series of escalating distress signals: missed filing deadlines, an MCTO (management cease-trade order), the CFO’s resignation on 2026-05-01, and repeated admissions of having no cash on hand and no financing.

• This news is the definitive end-of-the-road signal. The withdrawal of lender funding makes the audit impossible, triggers a cease-trade order, and means the company has no remaining source of operating cash. The enforcement of security over all assets will likely lead to a liquidation or CCAA/Bankruptcy proceeding where shareholders receive nothing.
• The market had already priced in near-zero value (CAD 0.00–0.01), so the immediate price impact may be muted, but the event is categorically material — it converts a zombie situation into a terminal one.

Wildpack Beverage Inc. is a co-packer providing beverage canning and packaging services across multiple U.S. facilities. Prior to its financial meltdown, it sought to consolidate production and reduce costs, but was never able to reach profitability or service its heavy debt load.