New BOD member is a heavy hitter. Next few quarters should be huge growth rate as Southern Glazer sales routes numbers explode higher.
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Vancouver, British Columbia--(Newsfile Corp. - December 24, 2021) - CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) (the "Company") is pleased to provide the following corporate update:
Annual General Meeting: At the Company's annual general meeting of shareholders held December 9th in Vancouver BC, shareholders approved all matters recommended by management, including:
- the audited financial statements of the Company;
- the election of Anton J. Drescher, Campbell Becher, Joseph P. Elmlinger, David T. Young, Arjan J. Chima, and Joseph E. Meehan as directors of the Company; and
- the reappointment of KPMG as the Company's auditors.
New Director Joseph Elmlinger: Joseph Elmlinger has held senior exeucitve roles at Fortune 500 companies including Citigroup and Salomon Brothers, where he served as Global Head of Equtiy Derivatives. He is a pioneer in derivatives sales - Joseph was previously Head of Sales for Equities & Derivatives at Socit Gnrale, with senior roles at Bankers Trust Company, Merrill Lynch, the Board of Directors of ISDA and The Options Clearing Corporation. Currently he is head of Client Solutions at Lake Hill Capital, an asset management firm that provides options and futures-based solutions to investors in search of yield, hedging, or absolute return. He has a B.A. from the University of Vermont and an M.B.A. from Stanford University.
Q2 2022 Results: The Company reported gross sales of USD $373,138 for Q2 2022, and together with Q1 sales a total of $1,353,985 for the first half of the fiscal year, already significantly ahead of FY 2021's sales of $1,110,019, with 6 months of sales growth remaining in FY 2022.
"Southern Glazer's Wine & Spirits' initial load-in near the end of Q1 allowed us to meet the demands of activations across the U.S. for the first six months of fiscal 2022," said Company CEO Joseph Meehan. "The strong retail response exceeded expectations - based on the sell-through, CENTR is already preparing inventories for even greater load-ins for the final six months of our year. Importantly, the significant increase in accounts opened during our launch with SGWS is a positive leading indicator for future sales growth."
About CENTR Brands Corp. CENTR Brands is one of the country's leading functional beverage companies, developing and marketing non-alcoholic beverages and related products for the global market. The Company's portfolio includes CENTR and CENTR Sugar Free, both all-natural, sparkling, and low-calorie hemp-derived CBD beverages, and CENTR Instant, a family of super convenient, single serve, ready-to-mix CBD drink powders.
www.findyourcentr.com
For further information, contact Joseph Meehan at info@centrcorp.com
On behalf of the Board,
CENTR BRANDS CORP.
/s/ Joseph Meehan
Joseph Meehan, Chief Executive Officer
https://ceo.ca/@newsfile/centr-brands-corp-corporate-update-ad1d2