Wildpack Beverage Inc., on November 1, declared a long-term packaging supply and manufacturing agreement with EHPlabs LLC, along with appointing Izhar Basha, Chief Executive Officer of EHPlabs, privately as one of the Board of Directors in Wildpack.
Adhering to the terms of the Agreement, Wildpack has agreed to manufacture a total of 30 million consignments or units in 2023 and another 40 million units of aluminium products in 2024. Wildpack, at this moment, is, trying to accomplish the 7 million units of rush demand ordered in 2022.
Each unit consists of the supply of aluminium cans, can end, can-decorating and filling services. Wildpack requires applying the last bit of aid its fully integrated Las Vegas facility might offer in sufficiently fulfilling the demand. Under the agreement, Wildpack will also begin providing the raw materials needed for making EHPlabs' flagship, Oxyshred's packaging.
The Chief Executive Officer of Wildpack, Mitch Barnard, exclaimed: "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," Barnard commented.
Izhar Basha is the founding member, Chief Executive Officer and owns the majority of shares in EHPlabs. His appointment in Wildpack needs approvals from the TSXV and certain corporate offices. Before opening EHPlabs Mr Izhar Basha has been an attorney practising in an Australian law firm for many years. His company is a genius in making fat-reducing supplements for the human body.
Mr Izhar Basha has previously been the recipient of prestigious awards like Sydney Young Entrepreneur of the Year and EY Entrepreneur of the Year.
Mr Izhar Basha said in a statement: "When I founded EHPlabs, we strived to 'Empower Human Potential', and I feel strongly that this partnership reflects that culture. EHPlabs has continued to grow its global market share by focusing on the 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 experience and mentorship with this investment and seat on the Board."
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