Vancouver, British Columbia--(Newsfile Corp. - March 21, 2022) - CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) (the "Company"), one of North America's leading functional beverage companies, today announced that CENTR, CENTR Sugar Free, and the recently-launched CENTR Instant are sold in more than 3,050 retail locations across the United States as of the end of February 2022 - an astonishing 69.4% growth rate since the Company first began reporting this data four months ago, at the end of November 2021.
CENTR's explosive Q1 growth is underlined by the recent leading industry report by Brightfield Research, naming CENTR the #1 CBD beverage in the U.S. "We are proud that Brightfield named CENTR the top-selling CBD beverage in the U.S.," said Company President Arjan Chima. "Our national distribution partnership is critical to the rapid growth we have seen in the first months of 2022. As we head into summer and the reopening of markets, we look forward to continuing this strong growth trend."
"CENTR is well positioned to achieve another banner year of growth this year," said CENTR CFO David Young. "In addition to our retail expansion, CENTR is rolling out exciting new branding programs that will develop even greater connections with our growing customer base. As CENTR's retail footprint grows, these experiential and brand-oriented programs should further stimulate sales velocity at existing locations, expanding CENTR's market penetration in a fast-growing category."
CENTR's product availability and growth across an increasing retail location count ensures the Company's family of products will continue to play a larger part of satisfying consumer appetite for health and wellness products, including CBD-infused beverages, adding value to our consumer community and creating long-term value for our shareholders.
Consumers that do not yet have a local CENTR retailer can visit CENTR's online store to buy all our products, including the newly released CENTR Instant at: www.findyourcentr.com/shop.
About CENTR Brands Corp.
CENTR Brands Corp. is one of North America's leading functional beverage companies. CENTR develops and markets non-alcoholic, functional ingestibles for the global market. The Company produces CENTR and CENTR Sugar Free, both sparkling, low calorie, CBD beverages as well as CENTR Instant, a family of on-the-go CBD powders. For more information visit www.findyourcentr.com, and follow on Instagram at @findyourcentr.
For further information, contact media@findyourcentr.com.
On behalf of the Board,
CENTR BRANDS CORP.
Joseph Meehan, Chief Executive Officer
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6356/117443_411786a6b49abb66_001full.jpg
This press release may contain "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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117443
