Latest news with #CANS
Associated Press
04-07-2025
- Business
- Associated Press
Wildpack Provides Update on Outstanding Debenture Payments
VANCOUVER, BC / ACCESS Newswire / July 3, 2025 / Wildpack Beverage Inc. (TSXV:CANS)(OTC PINK:WLDPF) ('Wildpack' or the 'Company') announced today that it was unable to pay the outstanding principal and interest on its 8% senior unsecured convertible debentures, which was due on June 30, 2025. To date, the Company has not secured an extension of its deadline for payment, nor has it received an official demand for payment from the trustee for the debentures. However, there can be no assurance that an extension will be obtained or that such a demand will not be made. The aggregate principal amount of debentures due for payment is C$20 million, plus accrued and unpaid interest of approximately C$2.4 million. The Company also has an additional C$20 million of principal, plus accrued and unpaid interest of approximately C$2.4 million in respect of a series of unsecured convertible debentures due November 23, 2025 and C$5.007 million of principal, plus accrued and unpaid interest of approximately C$600,840 in respect of a series of unsecured convertible debentures due March 31, 2026. As previously disclosed, the Company continues to be actively engaged in discussions with various stakeholders to restructure the Company's debt. Strategic and financial alternatives under consideration are focused on relieving the financial burden of the Company's current debt structure and obtaining additional financing necessary to fund ongoing operations. There can be no assurance that the current process will result in a transaction or, if a transaction is undertaken, that it will be successfully concluded in a timely manner or at all. About Wildpack Wildpack provides beverage manufacturing and packaging to the middle market by providing sustainable aluminum can filling, decorating, packaging, brokering, and logistics to customers throughout the United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and out of four facilities in Baltimore, Maryland; Grand Rapids, Michigan; Austin, Texas, and Las Vegas, Nevada. Wildpack commenced trading on the TSX Venture Exchange under the symbol 'CANS' on May 19, 2021. Forward-Looking Statements This news release may contain 'forward-looking statements' within the meaning of applicable Canadian securities laws, including, but not limited to, statements with respect to the ability of the Company extend the due date for its debentures or to restructure its debt and the associated transactions to be completed in connection therewith. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks including but not limited to risks related to the ability of the Company extend the due date for its debentures or to restructure its debt and the associated transactions to be completed in connection therewith. These statements generally can be identified by the use of forward-looking words such as 'may', 'should', 'will', 'could', 'intend', 'estimate', 'plan', 'anticipate', 'expect', 'believe', or 'continue', or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements expressed or implied by Wildpack are subject to a number of risks, uncertainties, and conditions, many of which are outside of Wildpack's control, and undue reliance should not be placed on such statements. Although Wildpack has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties related to Wildpack's business, including that Wildpack's assumptions in making forward-looking statements may prove to be incorrect. Except as required by securities law, Wildpack does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise WILDPACK BEVERAGE INC. Per: 'Mitch Barnard' Mitch Barnard Chief Executive Officer and Director For further information, please contact us at: [email protected] Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. SOURCE: Wildpack Beverage Inc. press release
Malay Mail
24-06-2025
- Business
- Malay Mail
Gorilla Technology Enters into a Definitive Agreement to Acquire Innovative Technology Solution Providers CNS and CANS in Thailand
Unlocking New Revenue Streams in AI, Cybersecurity and AI-Powered Customer Engagement Infrastructure [email protected] London, United Kingdom - Newsfile Corp. - June 24, 2025 -(NASDAQ: GRRR) ("Gorilla" or the "Company"), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, has entered into a definitive agreement to acquire CNS, as well as its communication and mobility subsidiary CANS, two of Thailand's most innovative technology solution providers. The transaction is expected to close in the summer of 2025. Financial terms were not strategic acquisition significantly enhances Gorilla's product portfolio and opens up new monetisation opportunities through a mobile-first AI-powered customer engagement infrastructure platform designed for distributed teams, telecom operators, call centres and public service agencies. This announcement marks another milestone in Gorilla's strategic expansion across Thailand and the broader Association of Southeast Asian Nations (ASEAN) region. Building on a series of high-impact digital infrastructure and AI deployments, the Company continues to strengthen its regional presence through scalable, sovereign-aligned technology that addresses national priorities in public safety, smart cities and digital transformation. With growing demand for edge AI, cybersecurity and intelligent service platforms, Gorilla is well-positioned to become a foundational layer in Southeast Asia's next wave of and CANS, founded by CEO Praweena Saingam, have earned a reputation for building scalable, low-latency, CPU-optimised AI systems across video analytics, network defence and intelligent mobile platforms. With a client base of over 200 businesses and a nationwide network spanning all 77 Thai provinces, the companies bring immediate scale and deep operational know-how to Gorilla's strategy in Asian markets., stated:, added:, commented:Gorilla will integrate CNS and CANS's collective field-tested products into its global platform, including mobility-first AI-powered engagement platform, alongside CPU-optimised edge AI software for video analytics and endpoint detection. Their 30-strong research and development centre will also support Gorilla's rollout of smart infrastructure projects across the Southeast Asia, the Edge AI, Video Analytics and Cybersecurity market is forecast to exceed, according to International Data Corporation (IDC). Growth is expected to be fuelled by government investment in smart cities, transport digitisation and national digital infrastructure. Globally, the Video Analytics market is projected to reach, while Edge AI is expected to surpassin the same period, based on projections from Grand View these trends is the surging demand for intelligent, mobility-first customer engagement platforms. The global market for contact and customer engagement software is projected to reach, growing at a CAGR of 21.2 percent according to Precedence Research. Once the transaction is completed, Gorilla will be well positioned to capitalise on this growth, able to deliver real-time, secure and intelligent interaction infrastructure for telecom operators, distributed workforces, emergency services and enterprises navigating digital in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for more information, please visit our website: This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading "Risk Factors" in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the "SEC") on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable GentryRedChip Companies, Inc.1-407-644-4256 The issuer is solely responsible for the content of this announcement.
Associated Press
24-06-2025
- Business
- Associated Press
Gorilla Technology Enters into a Definitive Agreement to Acquire Innovative Technology Solution Providers CNS and CANS in Thailand, Unlocking New Revenue Streams in AI, Cybersecurity and AI-Powered Customer Engagement Infrastructure
London, United Kingdom--(Newsfile Corp. - June 24, 2025) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ('Gorilla' or the 'Company'), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology, has entered into a definitive agreement to acquire CNS, as well as its communication and mobility subsidiary CANS, two of Thailand's most innovative technology solution providers. The transaction is expected to close in the summer of 2025. Financial terms were not disclosed. This strategic acquisition significantly enhances Gorilla's product portfolio and opens up new monetisation opportunities through a mobile-first AI-powered customer engagement infrastructure platform designed for distributed teams, telecom operators, call centres and public service agencies. This announcement marks another milestone in Gorilla's strategic expansion across Thailand and the broader Association of Southeast Asian Nations (ASEAN) region. Building on a series of high-impact digital infrastructure and AI deployments, the Company continues to strengthen its regional presence through scalable, sovereign-aligned technology that addresses national priorities in public safety, smart cities and digital transformation. With growing demand for edge AI, cybersecurity and intelligent service platforms, Gorilla is well-positioned to become a foundational layer in Southeast Asia's next wave of innovation. CNS and CANS, founded by CEO Praweena Saingam, have earned a reputation for building scalable, low-latency, CPU-optimised AI systems across video analytics, network defence and intelligent mobile platforms. With a client base of over 200 businesses and a nationwide network spanning all 77 Thai provinces, the companies bring immediate scale and deep operational know-how to Gorilla's strategy in Asian markets. Jay Chandan, Chairman and CEO of Gorilla Technology, stated: 'This is a strategic leap forward for Gorilla and for the advancement of AI in Asia. CNS and CANS are leaders in real-world deployment at scale, from public infrastructure to secure enterprise systems. The addition of its mobile-first engagement platform will allow us to offer an AI-powered customer engagement infrastructure solution that is future-ready, mobile-native and globally scalable. We see enormous recurring revenue potential, not just in Thailand but across Southeast Asia, Latin America and beyond.' Dr. Rajesh Natarajan, Chief Technology Officer of Gorilla, added: 'Incorporating this mobility first, context-aware engagement platform into our portfolio significantly accelerates our roadmap. It gives us the tools to drive hyper-personalized, intelligent communication at the edge; across telcos, smart service providers, contact centres and government agencies; unlocking new levels of operational coordination and customer connection. This transaction positions Gorilla to address a multi-billion-dollar segment in customer engagement and operational coordination as we strengthen our portfolio towards creating Smarter and Safer Cities.' Praweena Saingam, Founder and CEO of CNS and CANS, commented: 'We built CANS and CNS to solve problems at scale for Thai enterprises and government clients. Joining Gorilla gives our solutions scale and global reach. Together, we are creating intelligent, agile infrastructure that empowers teams and protects communities, whether in Bangkok, Bogotá or Berlin.' Expanding Gorilla's Product Portfolio Gorilla will integrate CNS and CANS's collective field-tested products into its global platform, including mobility-first AI-powered engagement platform, alongside CPU-optimised edge AI software for video analytics and endpoint detection. Their 30-strong research and development centre will also support Gorilla's rollout of smart infrastructure projects across the region. Addressable Market Opportunity In Southeast Asia, the Edge AI, Video Analytics and Cybersecurity market is forecast to exceed $6.8 billion by 2027, according to International Data Corporation (IDC). Growth is expected to be fuelled by government investment in smart cities, transport digitisation and national digital infrastructure. Globally, the Video Analytics market is projected to reach $23.4 billion by 2030, while Edge AI is expected to surpass $66.5 billion in the same period, based on projections from Grand View Research. Complementing these trends is the surging demand for intelligent, mobility-first customer engagement platforms. The global market for contact and customer engagement software is projected to reach $173.9 billion by 2032, growing at a CAGR of 21.2 percent according to Precedence Research. Once the transaction is completed, Gorilla will be well positioned to capitalise on this growth, able to deliver real-time, secure and intelligent interaction infrastructure for telecom operators, distributed workforces, emergency services and enterprises navigating digital transformation. About Gorilla Technology Group Inc. Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies. Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents. For more information, please visit our website: Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Gorilla's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'might' and 'continues,' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla's ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading 'Risk Factors' in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the 'SEC') on April 30, 2025 and those that are included in any of Gorilla's future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Investor Relations Contact: Dave Gentry RedChip Companies, Inc. 1-407-644-4256 [email protected] To view the source version of this press release, please visit
