CENTR Brands - CEO, Arjan Chima
CEO, Arjan Chima
Source: LinkedIn
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  • CENTR Brands Corp. (CNTR) announced its audited financial results for the year ended May 31, 2022
  • Net sales for FY2022 of $1,853,902
  • Net income of $484,939
  • CENTR Brands is one of North America’s leading functional beverage companies
  • CENTR (CNTR) opened trading at C$0.455

CENTR Brands Corp. (CNTR) announced its audited financial results for the year ending May 31, 2022.

(1)For the year ended May 31, 2022, net income and comprehensive income include a non-cash gain of $5,879,278 for revaluating warrants as a liability for accounting purposes.
(2)For the year ended May 31, 2021, net loss and comprehensive loss included 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.

Company CEO Arjan Chima commented on the results.

“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. 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.”

CENTR Brands President & CFO David Young added,

“We continue to be pleased with the strong, triple-digit growth rates CENTR has been achieving year-over-year. We look forward to similar growth as CENTR evolves beyond CBD into a leading lifestyle-oriented functional wellness market supplier.”

CENTR Brands is one of North America’s leading functional beverage companies.

CENTR (CNTR) opened trading at C$0.455.


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