Vancouver, British Columbia–(Newsfile Corp. – September 20, 2021) – CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) (the “Company“) announced today record gross sales for Q1’22 (ended August 31, 2021) of USD$981,000 (ca. CAD$1,250,000), more than 470% over Q1’21.
“We are thrilled with the Company’s continued growth trends, as CENTR expands its reach across the U.S.,” said Company CFO David Young. “With millions of drinks served at on- and off-premise locations, a growing community is enjoying CENTR and CENTR Sugar Free. CENTR’s presence in thousands of U.S. locations is the tip of the iceberg, as we ramp up production to meet growing demand in existing and new markets. In response to high demand for CENTR, consumers will soon #findyourcentr online and subscribe for the best-tasting CBD beverages in America to be delivered straight to their doorsteps.”
The Company expects to release FY’21 earnings this month, and Q1’22 interim financials in October, in line with reporting requirements.
About CENTR Brands Corp. CENTR Brands is a functional beverage company that develops and markets non-alcoholic beverages for the global market. The Company’s portfolio includes both CENTR and CENTR Sugar Free, both all natural, sparkling, low calorie, hemp derived CBD beverages, and CENTR Instant, a family of super convenient, single serve, ready-to-mix CBD drink powders.
CENTR and CENTR Sugar Free are currently available for sale in 24 U.S. states, with CENTR Instant available later this fall both online and through our national distribution system.
For further information, contact Joseph Meehan at [email protected].
On behalf of the Board,
CENTR BRANDS CORP.
/s/ Joseph Meehan
Joseph Meehan, Chief Executive Officer
This news release may contain certain “Forward-Looking Statements” within the meaning of applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the business of CENTR Brands Corp., the timing for the launch of the Company’s products and other matters and the use of the net proceeds of the Financing. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
The offered securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “Securities Act“) or any state securities laws, and may not be offered or sold to, or for the account or benefit of, any person in the United States or any “U.S. person”, as such term is defined in Regulation S under the Securities Act, absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
The securities issued pursuant to the proposed Financing will be subject to a four month and one day statutory hold period in Canada. Completion of the proposed Financing is subject to the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.
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