CENTR Brands Corp. Announces Q3 2021 Results
VANCOUVER, BC– CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) announced its financial results for its third fiscal quarter ending February 28, 2021.
Description | Q3 2021 ($) |
Q2 2021 ($) |
Q1 2021 ($) |
Gross sales | 384,392 | 417,064 | 209,591 |
Net sales | 324,964 | 341,153 | 150,571 |
Net and comprehensive loss for the period | (759,960) | (726,616) | (786,103) |
*All amounts reflected in United States dollars
Q3 2021 Financial Results: The Company reported gross sales of USD $384,392 for Q3 2021, with the full financial statements for the quarter and related management’s discussion and analysis (“MD&A“) available under the Company’s SEDAR profile at www.sedar.com.
“CENTR again demonstrated increasingly strong sales momentum in Q3,” said Company Chairman & CEO Joseph Meehan. “We completely sold out of CENTR and were unable to produce more during Q3’s first 6 weeks, due to the global aluminum can shortage caused by COVID-19. As of today, we have purchased millions and secured future millions of additional aluminum cans, so that everyone will Find Your CENTR anytime they want. Add to that the new distribution partnership we announced last week with Southern Glazer’s Wine & Spirits and new products like CENTR on tap, we are prepared for further significant sales growth.”
This press release contains sales figure estimates for the third quarter and “Forward-Looking Statements” within the meaning of applicable Canadian securities laws. Actual results may differ from those indicated as a result of finalization of the Company’s financial statements as well as other risks and uncertainties. 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.
(This information is primarily sourced from CENTR. Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).
Latest News
Schwazze Posts $18.5 Million Loss in 2022 Due to Expansion into New Mexico and Acquisitions, But Sees Strong Revenue Growth and Retail Sales
LOS ANGELES-- Schwazze Inc., formerly known as Medicine Man Technologies Inc. and based in Denver, Colorado, has reported a net loss of $18.5 million for the full year of 2022, a significant downturn from its ...
Columbia Care reports $300 million net loss for Q4 2022 and strategic restructuring efforts
LOS ANGELES-- Columbia Care Inc. recently reported its financial results for the fourth quarter and full year ended Dec. 31, 2022, revealing a net loss of $300 million for the quarter, compared to a net ...
Aurora Cannabis Saves $2.6 Million in Interest Payments Through Repurchase of Convertible Senior Notes
LOS ANGELES-- Canadian cannabis company Aurora Cannabis Inc. has announced that it has repurchased approximately $46.6 million (US$34.3 million) worth of its convertible senior notes. The Notes were repurchased at a total cost, including accrued ...