Wildpack Beverage Inc. released its unaudited financial results for the third quarter ended September 30, 2025, and provided updates on significant operational changes and ongoing strategic initiatives.

As part of a broad restructuring effort aimed at improving efficiency and reducing costs, Wildpack has closed its production facilities in Las Vegas, Nevada, and Grand Rapids, Michigan. 

The company said the shutdowns are intended to consolidate operations, streamline its physical footprint and strengthen profitability. Management expressed gratitude to employees affected by the closures, citing their “hard work, dedication, and professionalism.”

Chief Executive Officer Travis Sarich said the company is seeing continued revenue growth driven by increased filling production volumes. He added that the Las Vegas closure is a key step in refining the company’s cost structure.
“I am pleased with the continued growth in topline revenue, driving from filling production volume growth. We continue to focus intently on cost containment and optimising the company’s physical footprint. 

“The closure of the Las Vegas facility will better position the company to hone production and manage costs more closely, while continuing to service our core customer base.”

Debt Restructuring Efforts Continue

Wildpack also reported that it remains in discussions with stakeholders regarding a proposed restructuring of its outstanding 8% Public Convertible Debentures totalling CA$45 million, issued across three series between 2021 and 2022.

The company has missed interest payments and has not repaid principal on two debenture series that matured in June and November of this year. Although no waivers or default notices have been issued, management acknowledged that no agreement has yet been reached on restructuring the debt.

Exploring Strategic Alternatives

In parallel with its debt negotiations, Wildpack is evaluating a range of strategic and financial options to stabilise operations and secure additional capital. The company cautioned that there is no guarantee a transaction or financing arrangement will emerge from this process, nor assurance that any deal, if completed, will be timely or successful.

Wildpack said the initiatives underway are intended to ease the financial pressure from its current debt load and ensure the company has sufficient resources to sustain operations as it undergoes an “operational reset.”