CENTR Brands Corp. Corporate Update

By: Newsfile

Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) ("CENTR" or the "Company"). CENTR Brands Corp. is pleased to announce the completion of its Annual General Meeting (the "AGM"), which was held on December 13, 2022. As was highlighted during the meeting, the Company's shareholders voted to approve all items on the docket, including setting the number of directors; appointing KPMG to continue as auditors; and a revised Equity Incentive Plan that better aligns team compensation to the long-term success of the Company.

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CENTR is extremely excited about the expansion of its beverage portfolio with the recent announcement of its non-CBD portfolio of CENTR Enhanced and CENTR Enhanced+ (together "CENTR Enhanced"), expanding the Company's product offering into the multi-billion-dollar global health and wellness functional beverage market. CENTR Enhanced is a refreshing, ZERO calorie, nootropic and adaptogen sparkling water incorporating a variety of science-backed ingredients to help consumers improve mental focus, mood and cognitive awareness, reduce stress, and improve immunity.

Earlier this month, the Company successfully completed its initial production run of CENTR Enhanced at its WA-based co-packing partner which will allow CENTR Enhanced to be available for sale at the beginning of the year. As the Company enters the new year, CENTR Enhanced will initially be available through the Company's DTC e-commerce channel while we build distribution within both our existing account footprint and on-board new distributor relationships.

CENTR has expanded its U.S. based sales team to meet the demand of its thousands of existing grocery, retail & restaurant relationships, collaborate with a growing matrix of regional and national distributors, and expand its selling footprint through North America as the Company works through its Canadian rollout with CENTR Enhanced. In addition to the Company's sales leadership expansion, CENTR is in discussions with several high-profile personalities and influencers who have personal brands that not only align with our brand ethos but will also help reach millions of additional consumers looking to find their CENTR. Further announcements will be made once those discussions have been finalized.

"We are pleased with our progress to date on the various corporate initiatives that lay the groundwork for an exciting 2023." Arjan Chima, CEO.

About CENTR Brands Corp.
CENTR Brands Corp. is one of North America's leading functional wellness beverage companies. The Company 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; CENTR Instant, a family of on-the-go, adaptogen-based CBD powders; and CENTR Enhanced, a refreshing, ZERO calorie, nootropic and adaptogen, non-CBD sparkling functional beverage incorporating a variety of science-backed ingredients.

For more information on CENTR Brands visit findyourcentr.com or contact us at media@findyourcentr.com. Be sure to follow us on social media @findyourcentr. Consumers that do not yet have a local CENTR Brands retailer can visit our online store at: findyourcentr.com/shop

On behalf of the Board,

/s/ Arjan Chima
Arjan Chima, Chief Executive Officer

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 ​its objectives, goals or future plans and statements, including with respect to the value proposition the Company offers to consumers, the Company's ability to capitalize on global health & wellness trends, its ability to grow revenue opportunities and improve returns to its shareholders, the Company's positioning in the emerging health beverage market and the Company's ability to drive sustainable, industry-leading growth.​ 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/148235

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