CENTR Brands Corp. Appoints Interim Chief Financial Officer

Rhea-AI Summary

CENTR Brands Corp. appoints Anton J. Drescher as Interim Chief Financial Officer to streamline business operations and facilitate future growth. The company is evaluating strategic alternatives to cut costs and simplify operations. Details about the search for a permanent CFO and business updates will be revealed in the future.

Vancouver, British Columbia--(Newsfile Corp. - January 24, 2024) - CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) ("CENTR" or the "Company"), today announced that, current Board member Anton J. Drescher has agreed to take on the role of Interim Chief Financial Officer, effective January 24, 2024.

"Given the current state of our business, Anton's appointment comes at an important time for CENTR as we continue to evaluate strategic alternatives to simplify our business, cut costs, and provide for future growth," says Arjan Chima, CEO. "His experience and understanding of our business will be instrumental as we shape our path to growth."

Further information regarding the search for a permanent CFO and business updates will be disclosed as it becomes available.

About CENTR Brands Corp.
CENTR Brands Corp. is one of North America's leading functional wellness beverage companies dedicated to promoting holistic well-being. With a commitment to providing high-quality products and exceptional customer experiences, CENTR offers a range of functional wellness beverages that support individuals in their pursuit of balanced and healthy lifestyles. By leveraging innovative technology and embracing consumer-centric strategies, CENTR empowers customers to prioritize their well-being and discover the benefits of wellness beverages.

The Company produces CENTR Enhanced, a family of refreshing, ZERO calorie, non-CBD, nootropic and adaptogen sparkling waters incorporating a variety of science-backed ingredients. The Company recently discontinued 2 product lines, CENTR CBD and CENTR Instant, facilitating the exit of the company within the CBD category.

The Company's ethos revolves around functional efficacy, exceptional flavor, and a visual design that resonates with consumers seeking a well-rounded approach to wellness.

For more information on CENTR Brands visit www.findyourcentr.com or contact us at media@findyourcentr.com.

On behalf of the Board,

CENTR BRANDS CORP.

/s/ Arjan Chima
Arjan Chima, Chief Executive Officer

Forward-Looking Information
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 the Company's expectations with respect to the performance of its US Subsidiaries, as well as the implications for the Company's stakeholders, creditors, and other interested parties, the Company's pursuit of strategic alternatives, the selling of the Company's products in Canada and the Company's objectives, goals or future plans and statements. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/195579

FAQ

Who is the new Interim Chief Financial Officer of CENTR Brands Corp?

Anton J. Drescher has been appointed as the new Interim Chief Financial Officer of CENTR Brands Corp.

What is the effective date of Anton J. Drescher's appointment?

Anton J. Drescher's appointment as Interim Chief Financial Officer is effective from January 24, 2024.

What is the ticker symbol for CENTR Brands Corp?

The ticker symbol for CENTR Brands Corp is CNTRF.

What is the CEO's statement regarding Anton J. Drescher's appointment?

The CEO, Arjan Chima, mentioned that Anton's appointment is crucial for the company's growth and strategic evaluation.

What is the purpose of appointing Anton J. Drescher as the Interim Chief Financial Officer?

Anton's appointment aims to streamline business operations, cut costs, and facilitate future growth for CENTR Brands Corp.