Golden Grail Beverages (OTC: GOGY) Announces Engagement of Salberg & Co. as the Company's Independent Auditor

Rhea-AI Summary

Golden Grail Beverages (OTC: GOGY) has announced the engagement of Salberg & Company, P.A. as its independent auditing firm, marking a significant milestone for the company. This two-year audit, which will cover financial years ending December 31, 2022, and 2021, is expected to enhance stakeholder confidence and support the company's growth plans. CEO Steven Hoffman emphasized that this engagement is vital for advancing the company’s strategic initiatives. Golden Grail aims to innovate within its beverage portfolio while acquiring brands in emerging categories, including energy drinks and products aimed at reducing plastic pollution.

Positive

• Engagement of Salberg & Company as independent auditor seen as a major milestone.
• Audit expected to enhance stakeholder confidence and aid growth plans.
• Company actively acquiring brands within emerging beverage categories.

Negative

• None.

FORT LAUDERDALE, Fla., March 21, 2023 /PRNewswire/ -- Golden Grail Technology, doing business as Golden Grail Beverages, (OTC: GOGY) www.GoldenGrailBeverages.com is pleased to announce that the Company's Board of Directors (the "Board") has approved the engagement of Salberg & Company, P.A., Certified Public Accountants as auditing firm for the Company. Salberg & Company, P.A. is a PCAOB registered firm contracted to conduct a two-year audit under PCAOB standards on the Company's financial statements for the fiscal years ended December 31, 2022 and 2021.

Steven Hoffman, CEO of Golden Grail stated "Engaging Salberg & Company to complete our audit is a long-awaited milestone and a major step forward for Golden Grail. The completion of this audit will help in achieving our growth plans and building confidence with our stakeholders."

Golden Grail Beverages (OTC: GOGY) www.GoldenGrailBeverages.com is a fast-growing company with a strategic mission to innovate, build and streamline the growth of its beverage portfolio through fiscally responsible investing. The company targets brands with a proven sales history, loyal consumer following, retail presence and strong value proposition who need assistance to get to the next few levels. Golden Grail has been actively acquiring brands within emerging and growing beverage categories. Our robust product offerings include Sway Energy Drink, Spider Energy Drink, Trevi Fruit Essence Water, Tickle Water, Sketch Can for Tweens, Cause Water & KOZ Water helping reduce global plastic pollution and Scorpion Energy Hemp/CBD. 

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Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition. Also, it includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Golden Grail Technology Corp

FAQ

What is the significance of Golden Grail Beverages engaging Salberg & Company?

The engagement is considered a major milestone, enhancing stakeholder confidence and supporting the company's growth plans.

What financial years will the audit cover for Golden Grail Beverages?

The audit will cover the financial years ending December 31, 2022, and 2021.

How does Golden Grail Beverages plan to grow its business?

Golden Grail aims to innovate its beverage portfolio and actively acquire brands within emerging and growing beverage categories.

What types of products does Golden Grail Beverages focus on?

The company focuses on products like energy drinks and those aimed at reducing global plastic pollution.

How might the audit impact Golden Grail Beverages' stock performance?

The completion of the audit is expected to build confidence among stakeholders, potentially positively influencing stock performance.