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:
温哥華，不列顛哥倫比亞省-(新聞文件公司-2022年9月24日)-CENTR Brands Corp.(歐洲證券交易所股票代碼：CNTR)(證券交易所股票代碼：303)(場外交易代碼：CNTRF)(“公司”)(CENTR®，或CENTR Instant)，北美增長最快的高端功能保健飲料品牌之一，今天公佈了截至2022年5月31日的經審計年度財務業績。精選的比較財務信息載於下文，以及本年度的完整財務報表和相關管理層的討論和分析，可在公司的SEDAR簡介中查閲，網址為：。除另有説明外，所有金額均以美元表示：
| 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 ($) |
截至2021年5月31日的年度 ($) |
| 淨銷售額 | 1,853,902 | 762,547 |
|
淨收益(虧損)和 綜合收益(虧損)(1)(2) |
484,939 | (14,257,039) |
| 每股基本收益和攤薄後收益(虧損) | 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，淨收益和全面收益包括5,879,278美元的非現金收益，用於將認股權證重估為會計負債。
(2)在截至2021年5月31日的年度，淨虧損和全面虧損包括8,014,811美元的非現金虧損，用於重估認股權證作為會計負債，以及2,240,873美元的限制性股票單位歸屬。
"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.
公司首席執行官Arjan Chima表示：“我們繼續為Centr在高增長的CBD起泡飲料類別中的領先地位感到興奮。隨着這一類別在美國各地的更多市場繼續發展和活躍，我們預計將繼續提供堅實的業績和一流的表現。”我們期待着CENTR在CBD汽水類別中的持續增長。此外，我們對公司推出CENTR Enhanced產品帶來的巨大增長前景感到興奮，這是公司第一款非CBD產品，滿足了高增長、數十億美元的功能飲料市場的消費者需求，將於今年晚些時候在北美各地的消費者中上市。公司首席財務官總裁兼首席財務官楊大衞表示：“我們繼續對CENTR實現的強勁、三位數的同比增長率感到滿意，並期待着隨着CENTR從中央商務區發展成為以生活方式為導向的功能保健市場的領先供應商而實現類似的增長。
About CENTR Brands Corp.
關於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.
根據Brightfield Research的數據，Centr Brands Corp.是北美領先的功能保健飲料公司之一，也是美國最暢銷的CBD飲料品牌的製造商。該公司為全球市場開發和銷售不含酒精的功能性食品。該公司生產CENTR，CENTR無糖，既有起泡的低卡路里CBD飲料，也有CENTR Instant，這是一系列基於適應基因的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.
欲瞭解有關Centr Brands的更多信息，請訪問findyourcent.com或發送電子郵件至media@findyourcent.com與我們聯繫。一定要在社交媒體上關注我們：@findyourcentr。還沒有當地Centr Brands零售商的消費者可以訪問我們的在線商店：findyourcent.com/shop。
On behalf of the Board,
我謹代表董事會，
CENTR BRANDS CORP.
/s/ Arjan Chima
Arjan Chima, Chief Executive Officer
Centr Brands Corp.
/s/Arjan Chima
首席執行官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.
本新聞稿可能包含適用於加拿大證券法的“前瞻性陳述”。前瞻性陳述不包含歷史事實。前瞻性陳述包括描述公司未來計劃、目標或目標的估計和陳述，包括公司或管理層預期將出現的情況或結果的表述。前瞻性陳述可以用“相信”、“預期”、“預期”、“估計”、“可能”、“將”或“計劃”等術語來識別。由於前瞻性陳述以假設為基礎，涉及未來的事件和情況，因此它們本身就具有內在的風險和不確定性。雖然這些陳述是基於公司目前掌握的信息，但公司不能保證實際結果將符合管理層的期望。前瞻性信息涉及的風險、不確定性和其他因素可能導致實際事件、結果、業績、前景和機會與此類前瞻性信息明示或暗示的情況大不相同。本新聞稿中的前瞻性信息包括但不限於，公司對其目標、目標或未來計劃和聲明的意圖，包括公司向消費者提供的價值主張、公司利用全球健康和健康趨勢的能力、增加收入機會和提高股東回報的能力、公司在新興健康飲料市場的定位以及公司推動可持續的、行業領先的增長的能力。許多已知和未知的因素都可能導致結果、績效或成就與結果大相徑庭, 前瞻性陳述中明示或暗示的業績或成就。除適用法律、規則和法規要求外，公司不打算也不承擔任何義務更新這些前瞻性陳述或信息，以反映假設的變化或環境的變化或任何其他影響此類陳述和信息的事件。
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