Vancouver, British Columbia–(Newsfile Corp. – March 6, 2023) – CENTR Brands Corp. (CSE: CNTR) (FSE: 303) (OTCQB: CNTRF) (the “Company“) announced today that it completed the previously announced non-brokered private placement financing pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Financing“) on March 3, 2023. Pursuant to the Financing, the Corporation issued an aggregate of $4,999,999.80 of units of the Company (the “Units“) at an issue price of $0.30 per Unit.

Each Unit is comprised of one common share (a “Common Share“) and one common share purchase ‎warrant of the Company (a “Warrant“). Each Warrant is exercisable to acquire one common share of the Company (a “Warrant Share“) at an exercise price of $0.50 per Warrant Share for a period of three years following the date of issue, subject to a redemption timing adjustments in certain events. If, at any time following the Closing Date, the daily volume weighted average trading price of the Common Shares on the Canadian Securities Exchange (the “CSE“) is greater than $0.70 per Common Share for a period of 5 consecutive trading days (the “Triggering Event“), the Company shall have the right to accelerate the expiry date of the Warrants to a date not less than 30 days after the later of: (i) the date that notice of such acceleration is provided to the Warrant holders; and (ii) the date of issuance of a press release disclosing the occurrence of the Triggering Event.

Certain founding shareholders and insiders of the Company participated in the Financing, and subscribed for a total of 9,319,966 Units, which is a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The issuances to the insiders are exempt from the valuation and the minority shareholder approval requirements of MI 61-101. The Company did not file a material change report more than 21 days before the expected closing of the Financing as the details of the Financing and the participation therein by related parties were not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons.

The net proceeds of the Financing will be used for general working capital purposes. The Company paid a finder’s fee in connection with the sale of certain of the Units to subscribers introduced to the Company by finders.

Early Warning Reporting Disclosure

In connection with the Financing, the Company issued 9,149,966 Units to certain entities controlled by Paul Meehan (collectively “Meehan“) at a price of $0.30 per Unit, for aggregate gross proceeds of $2,744,989.80.

As of March 1, 2023, Meehan had control over 15,598,883 Common Shares, representing 15.9% of the issued and outstanding Common Shares, and 1,540,000 Common Share-purchase warrants. Assuming the exercise of the Common Share-purchase warrants, Meehan would have control or direction over 17,138,883 Common Shares, representing 17.2% of the issued and outstanding Common Shares as of March 1, 2023.

Immediately after the closing of the Financing, Meehan had control of 24,748,849 Common Shares, representing 21.6% of the issued and outstanding Common Shares, and 10,689,966 Common Share-purchase warrants. Assuming the exercise of the Warrants, Meehan would have control or direction over 35,438,815 Common Shares, representing 31.0% of the issued and outstanding Common Shares.

Meehan’s acquisition of the Units was made for investment purposes. Subject to applicable laws, Meehan may acquire additional securities of the Company or may dispose of any or all of its holdings of Common Shares, from time to time through, among other things, transactions on the open market or in private transactions or otherwise, on such terms and at such times as Meehan may deem advisable depending upon an ongoing evaluation of the Common Shares, the Company, prevailing market conditions, the availability of Common Shares at prices that would make the purchase or sale of Common Shares desirable, other investment opportunities, liquidity requirements of the Acquiror, respectively, and/or other considerations and in such manner as it deems appropriate, subject to applicable laws.

A copy of the early warning report filed by Meehan in connection with the above will be filed on SEDAR and made available under the Company’s issuer profile on SEDAR at www.sedar.com.

For further information, please contact Yuki Sugiyama at 604-733-1514.

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 beverages and powders 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, non-CBD, nootropic and adaptogen sparkling water incorporating a variety of science-backed ingredients.

For more information on CENTR Brands visit www.findyourcentr.com or contact us at media@findyourcentr.com. Be sure to follow us on social media @findyourcentr and @drinkcentr.

Consumers that do not yet have a local CENTR Brands retailer can visit our online store at: www.findyourcentr.com.

On behalf of the Board,

CENTR BRANDS CORP.
“Arjan Chima”
Arjan Chima, Chief Executive Officer

Forward-Looking Information
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 intended use of the net proceeds of the Financing and the proposed sale of additional Units of the Company on similar terms as the Financing.‎ 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.

The CSE has not reviewed, approved, or disapproved the contents of this press release.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Leading CBD Drinks Brand Aligns with USA’s Fastest Growing Sport, Keeping Players Refreshed and Revitalized

VANCOUVER, BC / ACCESSWIRE / January 19, 2022 / 1933 Industries Inc. (the “Company” or “1933 Industries”) (CSE:TGIF)(OTCQB:TGIFF), a Nevada-focused cannabis consumer packaged goods company, is pleased to announce that Day One Beverages, Inc. (“Day One”) has been named the exclusive and “Official CBD Partner of USA Pickleball”, America’s fastest growing sport, for a three-year term. First invented in 1965, the sport of Pickleball has experienced exponential growth over the last several years as a global sport, played throughout the USA and Canada, Europe, and Asia. 1933 Industries previously announced a binding letter of intent for the acquisition of Day One, a disruptive beverage company with a portfolio of next-level CBD-infused sparking water products (news release dated January 18, 2022). The closing of the transaction is anticipated on or around January 31st, 2022 and is subject to regulatory approval as well as other customary conditions of closing.

Day One’s alignment with USA Pickleball offers the CBD drinks brand the opportunity to reach a large and growing audience of professional and amateur players as the sport continues to gain popularity. Pickleball participation grew 21% in 2020 and continued the rapid growth in 2021, with the nation’s number of players expected to be well over 5 million once the Sports Fitness Industry Association’s (SFIA) 2022 report is released.

“With the rapid emergence of the sport, we are excited to align Day One with such an amazing community of athletes and enthusiasts of the game. Day One is excited to introduce its efficacious & delicious line of CBD beverages with Pickleball athletes seeking post-match refreshment and recovery products,” said Chris Clifford, Founder & CEO of Day One. “This is only just the beginning of our partnership with the Pickleball community. We are here to serve players around the country and look forward to releasing additional recovery products as our partnership expands,” added Clifford.

“USA Pickleball is excited to be announcing this partnership with Day One Beverages, Inc., one of the fastest growing CBD brands in the nation,” said Stu Upson, USA Pickleball CEO. “This partnership comes at an exciting time as the sport continues to grow at an exponential rate and more than 5 million players seek the best products to aid in their athletic performance to keep them healthy and active on the courts. We look forward to what’s to come at both a recreational and competitive level with this partnership in 2022.”

CBD-infused beverages are targeted towards a health-conscious social consumer who wants a better alternative to high-sugar drinks, and the growing functionality as a preferred drink among athletes make it a natural fit to the Company’s expansive line of cannabis products.

About USA Pickleball

The USA Pickleball Association, a non-profit 501(c)(3) was established in 2005 to further the advancement of the sport on a national level. As the official governing body of pickleball in the United States, USA Pickleball promotes the growth of pickleball by maintaining the rules, setting player ratings, advancing the sport through its national network of 2,000+ ambassadors, and sanctioning tournaments. Since 2013, USA Pickleball membership has grown 1,250% in its membership to nearly 54,000. More information can be found at usapickleball.org.

About Day One Beverages

Day One offers clarity in a can, designed to get consumers ready for whatever they want to accomplish next. Each 12oz can includes 20mg of CBD, zero calories, 0% sugar and 100% natural fruit juice, to deliver a balanced and refreshing sparkling citrus drink for any occasion. Day One Lemon, Lime, and Grapefruit round out the brand’s first flavors, with additional offerings planned in 2022. CBD is non-intoxicating and became federally legal pursuant to the 2018 Farm Bill. CBD is a hemp-based extract adaptogen with several potential health benefits. Day One tests its products rigorously and test results are transparently displayed at DrinkDayOne.com/Pages/Test-Results. Try Day One’s lemon, lime, or grapefruit CBD sparking waters– clarity, calm, and ideal hydration for your next drink.

DrinkDayOne.com

About 1933 Industries Inc.

1933 Industries is a Nevada-based, growth-orientated company, focusing on the cultivation and manufacturing of a large portfolio of cannabis consumer-packaged goods in a variety of formats for both the wholesale and retail markets. Its product offerings include: THC flower, pre-rolls, and extracted products under the AMA and Level X brands for the Nevada market; Canna Hemp, national cannabidiol (CBD) brand of infused wellness products including CBD tinctures, gummies, topicals and sport recovery products. Day One is the Company’s national CBD-infused beverage brand. The Company owns 91% of Alternative Medicine Association, LC (AMA), 100% of Infused MFG LLC (Infused), and subject to the closing of the proposed transaction, 100% of Day One Beverages Inc.

www.1933industries.com

For further information please contact:

Alexia Helgason, VP, IR and Corporate Communications
C: 604-728-4407
E: [email protected]

Paul Rosen, CEO
E: [email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice regarding Forward Looking Statements: This news release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this news release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents, which can be found under the Company’s profile on www.sedar.com. 1933 Industries undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: 1933 Industries Inc.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

California’s cannabis industry is projected to reach $7.7 billion in revenue by 2021, according to *BDS Analytics and Arcview Group, driven by the legalization of adult-use cannabis. Within this market, manufactured products edibles and concentrates have outpaced cannabis flower to become the *fastest growing segment of the market. Concentrates can be incorporated into many different value added product formats, including but not limited to vaporizers, topicals, tinctures, edibles and beverages.

One of the effects on the industry is that many cultivators and brands don’t have the expertise or facilities to create their own value added products. As companies look to expand their offerings to meet growing consumer demand they find themselves needing to outsource their manufacturing to meet their product requirements .

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) a royalty company focused on the burgeoning U.S. licensed cannabis industry, plans to take advantage of this rapidly emerging trend through its royalty investment in, QVI, Inc.. QVI is a cannabis infused product manufacturer located in Sonoma County, California that conducts its business under the brand “The Galley”.

Click Here: Receive an Investor Presentation and Company Updates

State of the Art Facility

QVI is building a state-of-the-art, production facility that’s capable of producing edibles, topicals, tinctures, chocolates, hard candies, gummies, beverages and more, on a contract basis for licensed cannabis cultivators and brands. The Galley will be differentiated from its peers by its automated capabilities to produce virtually all high-value cannabis products under one roof. This one-stop production capability is attractive to top tier in-state and out-of-state brands and positions QVI as a go-to producer for many cultivators and brands looking to capitalize on the rising demand for value added products.

The company is nearing completion of its of its Santa Rosa, CA, based, 8,300 sq. ft. commercial manufacturing facility and looks to be in production shortly subject to final licensing and permitting.

“We are very pleased with QVI’s ability to continue to move its business forward in strategically located Sonoma County,” said Andriyko Herchak, CEO of FinCanna Capital. “The demand for their manufacturing and over all fulfillment services is exceptionally strong and bodes well for their future success. FinCanna shareholders, along with QVI co-founders, look forward to The Galley’s successful transition to commercial operations in the near future.”

Significant Royalty Potential

QVI has already vetted more than 100 potential cannabis operators that require contract manufacturing services for a wide range of products. Based on existing MOUs, the company expects to generate upwards of $5 million in revenue during its first 12 months once operational. The company anticipates that these revenues will increase as operations and marketing efforts commence leveraging the co-founders’ extensive industry network.

In addition to producing third-party products, the company plans to manufacture its own line of products under the name “Big Fish Brands”. These products could offer the potential to generate higher profit margins than contract manufacturing. QVI is also submitting for a distribution license to help brand customers package and fulfill their products.

FinCanna will receive a tiered corporate royalty, adjusted based on revenue levels, ranging from 15% to 6% of QCI’s total revenue, with a top royalty rate of 15% on the first $20 million in annual sales until cumulative royalties reach $10 million. This revenue could have a significant impact on the company’s top-and bottom-line over the coming quarters as the facility is built out and goes into production.

Looking Ahead

FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) is well positioned to capitalize on rising demand for edibles, topicals, tinctures and other products in California’s nascent cannabis industry. In addition to QVI, the company holds stakes in other U.S. based cannabis companies to learn more click Here to view the Fundamental Research Report

*https://www.cannabisbusinesstimes.com/article/bds-arcview-report-concentrates-sales-market-growth/

*https://www.visualcapitalist.com/the-consumer-potential-of-retail-cannabis/

For additional details on FinCanna’s disclaimer and Forward Looking Statements please visit:

https://www.fincannacapital.com/corporate/forward-looking-statement/

Disclaimer

CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on https://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies.  We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.  

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: https://www.cannabisfn.com/legal-disclaimer.

https://www.fincannacapital.com/corporate/forward-looking-statement/

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.