Wildpack Beverage Inc. (TSXV: CANS | OTC: WLDPF) has announced that secured lender Sandton Capital Solutions Master Fund V, LP has completed enforcement against all of the company's assets, leaving the public company with no remaining assets or operations. Simultaneously, all directors and officers — including Mitch Barnard, Steve Fader, Thomas Walker, and Gene Carr — have resigned effective immediately, leaving the company with no board or management. The development marks a critical endpoint following the lender's previously disclosed intention to enforce its security, announced on July 1, 2026. Investors holding CANS shares should be aware of the severity of this disclosure.

Key Points

  • Wildpack Beverage Inc. (TSXV: CANS | OTC: WLDPF) is a Vancouver-based beverage contract packaging company.
  • Sandton Capital Solutions Master Fund V, LP has completed foreclosure, acquiring all pledged collateral assets in full satisfaction of the outstanding debt.
  • Total indebtedness at the time of enforcement was disclosed as $95,351,843.90; the company now has no remaining assets or operations.
  • Investors should monitor any regulatory or exchange communications regarding the status of CANS securities trading.

Sandton Capital Enforces Security Under UCC Section 9-620

Pursuant to a notice dated September 15, 2026, Sandton Capital Solutions Master Fund V, LP completed its enforcement action against Wildpack's assets under Section 9-620 of the Uniform Commercial Code. The lender had previously advised that one or more Events of Default had occurred and were continuing under the applicable loan documents, that the indebtedness had been accelerated, and that the total amount owing stood at $95,351,843.90. The collateral assets have been acquired by the secured lender in full satisfaction of that indebtedness, the announcement states.

Entire Wildpack Board and Management Team Steps Down

Effective immediately upon the announcement, all directors and officers of Wildpack Beverage Inc. resigned from their respective positions. Named departing individuals include Mitch Barnard, Steve Fader, Thomas Walker, and Gene Carr. The company disclosed that as a direct result of these resignations, it no longer has any directors or officers in place. This leaves Wildpack with no governance structure and no management team, a highly unusual situation for any publicly listed company and one that raises significant questions about the handling of ongoing regulatory obligations.

Wildpack Now Holds No Assets or Ongoing Operations

The announcement states explicitly that following completion of the foreclosure, the public company has no remaining assets or operations. Prior to this enforcement action, Wildpack had operated beverage manufacturing and packaging facilities in Baltimore, Maryland, and Austin, Texas, through wholly owned subsidiaries. Those operations, along with the related collateral assets, have now passed to the secured lender. The company did not disclose any plans for restructuring, wind-down proceedings, or shareholder remedies in the announcement. The immediate share price impact was not clear from available public information.