CENTR Brands Corp. Fiscal Year 2022 Results Net Sales Growth of Over 240%
CENTR Brands Corp. Fiscal Year 2022 Results Net Sales Growth of Over 240%
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2022) - CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) (the "Company") (CENTR®, or CENTR Instant), one of the fastest-growing premium functional wellness drink brands in North America, today announced its audited financial results for the year ended May 31, 2022. Selected comparative financial information is set forth below with the full financial statements for the year and the related management's discussion and analysis available under the Company's SEDAR profile at . All amounts are expressed in United States Dollars, unless otherwise stated:
温哥华，不列颠哥伦比亚省-(新闻文件公司-2022年9月24日)-CENTR Brands Corp.(欧洲证券交易所股票代码：CNTR)(证券交易所股票代码：303)(场外交易代码：CNTRF)(“公司”)(CENTR®，或CENTR Instant)，北美增长最快的高端功能保健饮料品牌之一，今天公布了截至2022年5月31日的经审计年度财务业绩。精选的比较财务信息载于下文，以及本年度的完整财务报表和相关管理层的讨论和分析，可在公司的SEDAR简介中查阅，网址为：。除另有说明外，所有金额均以美元表示：
| Description |
Year Ended May 31, 2022 ($) |
Year Ended May 31, 2021 ($) |
| Net sales | 1,853,902 | 762,547 |
|
Net income (loss) and comprehensive income (loss) (1)(2) |
484,939 | (14,257,039) |
| Basic and diluted earnings (loss) per share | 0.01 | (0.22) |
| 描述 |
截至2022年5月31日的年度 ($) |
截至2021年5月31日的年度 ($) |
| 净销售额 | 1,853,902 | 762,547 |
|
净收益(亏损)和 综合收益(亏损)(1)(2) |
484,939 | (14,257,039) |
| 每股基本收益和摊薄后收益(亏损) | 0.01 | (0.22) |
(1)For the year ended May 31, 2022, net income and comprehensive income includes a non-cash gain of $5,879,278 for the revaluation of warrants as a liability for accounting purposes.
(2)For the year ended May 31, 2021, net loss and comprehensive loss includes non-cash losses of $8,014,811 for the revaluation of warrants as a liability for accounting purposes and $2,240,873 for the vesting of restricted share units.
(1)在截至2022年5月31日的一年中，净收益和全面收益包括5,879,278美元的非现金收益，用于将认股权证重估为会计负债。
(2)在截至2021年5月31日的年度，净亏损和全面亏损包括8,014,811美元的非现金亏损，用于重估认股权证作为会计负债，以及2,240,873美元的限制性股票单位归属。
"We continue to be excited about CENTR's leadership in the high-growth sparkling CBD beverage category. We expect to continue to deliver solid results and best-in-class performance as this category continues to evolve and activate in additional markets throughout the U.S," said Company CEO, Arjan Chima. "We look forward to CENTR's continued growth within the CBD sparkling water category. Additionally, we are excited at the tremendous growth prospects with the launch of CENTR Enhanced, the Company's first non-CBD product meeting consumer demand in the high-growth, multi-billion-dollar functional beverage market, which will be available to consumers throughout North America later this calendar year. "We continue to be pleased with the strong, triple-digit, growth rates CENTR has been achieving year-over-year and look forward to similar growth as CENTR evolves beyond CBD into a leading supplier in the life-style oriented functional wellness market," said Company President & CFO, David Young.
公司首席执行官Arjan Chima表示：“我们继续为Centr在高增长的CBD起泡饮料类别中的领先地位感到兴奋。随着这一类别在美国各地的更多市场继续发展和活跃，我们预计将继续提供坚实的业绩和一流的表现。”我们期待着CENTR在CBD汽水类别中的持续增长。此外，我们对公司推出CENTR Enhanced产品带来的巨大增长前景感到兴奋，这是公司第一款非CBD产品，满足了高增长、数十亿美元的功能饮料市场的消费者需求，将于今年晚些时候在北美各地的消费者中上市。公司首席财务官总裁兼首席财务官杨大卫表示：“我们继续对CENTR实现的强劲、三位数的同比增长率感到满意，并期待着随着CENTR从中央商务区发展成为以生活方式为导向的功能保健市场的领先供应商而实现类似的增长。
About CENTR Brands Corp.
关于Centr Brands Corp.
CENTR Brands Corp. is one of North America's leading functional wellness beverage companies, and maker of the #1 selling CBD beverage brand in the United States, according to Brightfield Research. The Company develops and markets non-alcoholic, functional ingestibles for the global market. The Company produces CENTR, CENTR Sugar Free, both sparkling, low-calorie CBD beverages and CENTR Instant, a family of on-the-go, adaptogen-based CBD powders.
根据Brightfield Research的数据，Centr Brands Corp.是北美领先的功能保健饮料公司之一，也是美国最畅销的CBD饮料品牌的制造商。该公司为全球市场开发和销售不含酒精的功能性食品。该公司生产CENTR，CENTR无糖，既有起泡的低卡路里CBD饮料，也有CENTR Instant，这是一系列基于适应基因的CBD粉末。
For more information on CENTR Brands visit findyourcentr.com or contact us at media@findyourcentr.com. Be sure to follow us on social media: @findyourcentr. Consumers that do not yet have a local CENTR Brands retailer can visit our online store at: findyourcentr.com/shop.
欲了解有关Centr Brands的更多信息，请访问findyourcent.com或发送电子邮件至media@findyourcent.com与我们联系。一定要在社交媒体上关注我们：@findyourcentr。还没有当地Centr Brands零售商的消费者可以访问我们的在线商店：findyourcent.com/shop。
On behalf of the Board,
我谨代表董事会，
CENTR BRANDS CORP.
/s/ Arjan Chima
Arjan Chima, Chief Executive Officer
Centr Brands Corp.
/s/Arjan Chima
首席执行官Arjan Chima
This press release may contain "Forward-Looking Statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are not comprised of historical facts. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's intentions regarding its objectives, goals or future plans and statements, including with respect to the value proposition the Company offers to consumers, the Company's ability to capitalize on global health & wellness trends, its ability to grow revenue opportunities and improve returns to its shareholders, the Company's positioning in the emerging health beverage market and the Company's ability to drive sustainable, industry-leading growth. 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.
本新闻稿可能包含适用于加拿大证券法的“前瞻性陈述”。前瞻性陈述不包含历史事实。前瞻性陈述包括描述公司未来计划、目标或目标的估计和陈述，包括公司或管理层预期将出现的情况或结果的表述。前瞻性陈述可以用“相信”、“预期”、“预期”、“估计”、“可能”、“将”或“计划”等术语来识别。由于前瞻性陈述以假设为基础，涉及未来的事件和情况，因此它们本身就具有内在的风险和不确定性。虽然这些陈述是基于公司目前掌握的信息，但公司不能保证实际结果将符合管理层的期望。前瞻性信息涉及的风险、不确定性和其他因素可能导致实际事件、结果、业绩、前景和机会与此类前瞻性信息明示或暗示的情况大不相同。本新闻稿中的前瞻性信息包括但不限于，公司对其目标、目标或未来计划和声明的意图，包括公司向消费者提供的价值主张、公司利用全球健康和健康趋势的能力、增加收入机会和提高股东回报的能力、公司在新兴健康饮料市场的定位以及公司推动可持续的、行业领先的增长的能力。许多已知和未知的因素都可能导致结果、绩效或成就与结果大相径庭, 前瞻性陈述中明示或暗示的业绩或成就。除适用法律、规则和法规要求外，公司不打算也不承担任何义务更新这些前瞻性陈述或信息，以反映假设的变化或环境的变化或任何其他影响此类陈述和信息的事件。
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