Business
Wildpack Announces Partnership with EHPlabs, Investment by Izhar Basha (Founder and CEO of EHPlabs) and his Appointment to the Board
Highlights: Two-year contract with EHPlabs to produce their flagship product OxyShred for ...
About this update from Wildpack Beverage Inc.
[{"type":"text","content":"Wildpack Announces Partnership with EHPlabs, Investment by Izhar Basha (Founder and CEO of EHPlabs) and his Appointment to the BoardHighlights:Two-year contract with EHPlabs to produce their flagship product OxyShred for US distributionProduction includes can decoration, filling, ingredient procurement and package brokeringProduction of approximately 7 million, 30 million and 40 million cans in the remainder of 2022, 2023 and 2024 respectivelyUS$1.0 million private placement by Izhar BashaAppointment of Izhar Basha, founder and Chief Executive of EHPlabs, to Wildpack's Board of Directors (subject to TSXV and corporate approvals)VANCOUVER, BC / ACCESSWIRE / October 31, 2022 / Wildpack Beverage Inc. (TSXV:CANS) (OTCQB:WLDPF) (\"Wildpack\" or the \"Company\") today announces that it has entered into a long-term packaging supply and manufacturing agreement (the \"Agreement\") with EHPlabs LLC (\"EHPlabs\"). In addition to entering into the Agreement, Izhar Basha, Chief Executive Officer of EHPlabs, will make a private placement into Wildpack and be appointed to the Board of Directors (subject to required approvals, including that of the TSXV).\"Our partnership with EHPlabs is our biggest win to date. It validates our key thesis that beverage brands want a partner to operationalize their brands, freeing them up to focus on sales and marketing. In addition to entering into the packaging agreement, which is our largest since inception, we anticipate that Izhar joining our Board of Directors and becoming a major investor may be equally impactful to the growth of Wildpack . Izhar is a visionary entrepreneur with a massive amount of brand experience who has the ability to provide our business with critical insights into customer needs. I am very excited for his mentorship as we continue to build Wildpack into the leading force in beverage manufacturing\" said Mitch Barnard, Chief Executive Officer of Wildpack.\"When I founded EHPlabs, we strived to ‘Empower Human Potential' and I feel strongly that this partnership reflects that culture,\" commented Izhar Basha. \"EHPlabs has continued to grow global market share by focusing on high quality production of scientifically proven supplements that deliver results. Wildpack embodies the culture and values that we require for manufacturing excellence, and I am excited to lend my experienc...