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Wildpack Beverage Inc. (TSXV: CANS) said the British Columbia Securities Commission has issued a temporary management cease trade order (MCTO) under National Policy 12-203, which applies to the company’s chief executive officer and chief financial officer until the company files its required continuous disclosure documents and the order is lifted.
The company said it was unable to file its audited annual financial statements for the year ended December 31, 2025, along with related management’s discussion and analysis and CEO/CFO certifications (together, the “Required Filings”) by the April 30, 2026 filing deadline.
Wildpack attributed the delay to short-term cash constraints. The company said it is working to address the cash constraints to complete the Required Filings and that the delay is administrative in nature and not related to any disagreement with its auditors.
Wildpack said it anticipates remedying the default by filing the Required Filings on or before June 30, 2026. The MCTO will remain in effect until the Required Filings are completed.
During the period the MCTO is effective, the company stated that the general public—so long as they are not insiders—will continue to be able to trade the company’s listed securities.
The company also announced that Ryan Mason has resigned as Chief Financial Officer. Wildpack said Mason will remain with the company as a financial advisor to continue working with management and the auditors to complete the Required Filings.
The company said: “The board wishes to thank Ryan for his contributions to Wildpack over his long tenure with the Company and looks forward to his continued involvement with management as a financial advisor.”
Mason said: “I am incredibly proud of the progress we’ve made and the talented team in place, and while I’ve decided to step down as Chief Financial Officer, I remain very confident in the company’s continued growth and success.”
Under NP 12-203, Wildpack said it will provide bi-weekly status updates via news releases while the Required Filings remain outstanding. The company said it does not anticipate any additional specified defaults under NP 12-203.
Wildpack is engaged in beverage manufacturing and packaging, providing sustainable aluminum can filling and decorating services to brands across the United States. The company operates indirectly through wholly owned subsidiaries and facilities in Baltimore, Maryland and Austin, Texas. Wildpack began trading on May 19, 2021 on the TSX Venture Exchange under the symbol “CANS.V”.
Per Thomas Walker, Interim Chief Executive Officer.
The company noted that certain statements in the release constitute forward-looking statements, including statements regarding the timing, review, completion and filing of the Required Filings. Wildpack said such statements involve risks and uncertainties that could cause actual results to differ materially from expectations, and that it does not undertake to update forward-looking statements except as required by securities laws.
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