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CENTR Brands Corp. (C:CNTR)

Business Focus: Non-Alcoholic Beverages (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Non-Alcoholic Beverages
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 100, 2318 Oak Street
Tel: N/A
IR: See website
Key People
Business Overview
Centr Brands Corp. is a Canada-based wellness beverage company. The Company is engaged in development and marketing of beverages infused with hemp-derived extracts and derivatives. The Company is focused on the sales and development of a non-alcoholic beverages for cannabidiol (CBD) infused beverage industry. The Company's products include CENTR, CENTR Sugar Free, CENTR Enhanced and ready-to-mix CENTR Instant. The Company's CENTR and CENTR Sugar Free is a low-calorie CBD beverage. Its CENTR Enhanced is a zero calorie, nootropic and adaptogen-enriched non-CBD functional beverage. Its CENTR Instant is an adaptogen-based CBD powder.
Financial Overview
For the three months ended 31 August 2022, Centr Brands Corp revenues decreased 64% to $328K. Net loss totaled $2.1M vs. income of $304K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects FV/Uls Adjust on Derivatives for Hedging decrease from $1.3M (income) to $396K (expense), Marketing increase from $84K to $338K (expense).
Employees: 27 as of May 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $31.71M as of Nov 30, 2022
Annual revenue (TTM): $1.69M as of Nov 30, 2022
EBITDA (TTM): -$7.81M as of Nov 30, 2022
Net annual income (TTM): -$2.56M as of Nov 30, 2022
Free cash flow (TTM): -$7.43M as of Nov 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 85,738,296 as of Aug 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization