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Wildpack Beverage ( (TSE:CANS) ) just unveiled an announcement.
Wildpack Beverage Inc. announced it was unable to meet the payment deadline for its 8% senior unsecured convertible debentures due on June 30, 2025, totaling C$20 million in principal and C$2.4 million in interest. The company is in discussions to restructure its debt and explore strategic and financial alternatives to alleviate its financial burden and secure additional financing for ongoing operations. The outcome of these discussions remains uncertain, and the company has not yet received an official demand for payment from the trustee.
Spark’s Take on TSE:CANS Stock
According to Spark, TipRanks’ AI Analyst, TSE:CANS is a Underperform.
Wildpack Beverage’s stock is heavily undermined by financial difficulties, with persistent losses, negative growth, and a precarious financial position being the most critical concerns. The lack of technical analysis indicators and negative valuation metrics further contribute to the low score, highlighting significant risks for investors.
To see Spark’s full report on TSE:CANS stock, click here.
More about Wildpack Beverage
Wildpack Beverage Inc. is a company that provides beverage manufacturing and packaging services to the middle market. It specializes in sustainable aluminum can filling, decorating, packaging, brokering, and logistics for customers throughout the United States. The company operates through its wholly owned subsidiaries and has facilities in Baltimore, Maryland; Grand Rapids, Michigan; Austin, Texas; and Las Vegas, Nevada. Wildpack began trading on the TSX Venture Exchange under the symbol ‘CANS’ on May 19, 2021.
Average Trading Volume: 12,500
Technical Sentiment Signal: Sell
Current Market Cap: C$407.9K
See more insights into CANS stock on TipRanks’ Stock Analysis page.