VANCOUVER, BC, Oct. 11,
2024 /CNW/ - Simply Better Brands Corp. ("SBBC" or
the "Company") (TSXV: SBBC) (OTCQB: SBBCF) today announces further
to its news release dated January 25,
2023 and in connection with the Branding Earnout Agreement
dated January 25, 2023, the Company
has issued 42,727 common shares.
The Company also announces that it has retained Angad Capital
Inc. ("Angad Capital"), to provide capital markets advisory and
investor relations services for and on behalf of the Company. In
connection with the engagement, which started on October 9, 2024, Angad Capital will receive a
monthly fee of $8,500 and be
reimbursed for reasonable and pre-approved expenses. The Company
will pay for the services of Angad Capital out of unallocated
available funds.
The engagement may be terminated upon a date mutually agreed by
the Company and Angad Capital or by either party upon 30 days'
prior written notice. Angad Capital was founded and operated by
Pardeep Sangha, a former ranked
investment equity analyst who specialized in covering small-cap
companies and is based in Surrey, British
Columbia. At the time of this announcement, neither Angad
Capital nor Pardeep Sangha have any
direct or indirect ownership in SBBC securities, or any right to
acquire such ownership.
About Simply Better Brands Corp.
Simply Better Brands Corp. is an international omni-channel
platform with a portfolio of diversified assets in the rapidly
growing plant-based, natural, and clean ingredient space. The
Company targets informed, health-conscious Millennial and
Generation Z consumers with a focus on opportunities for expansion
into high-growth consumer product categories. For more information
on Simply Better Brands Corp., please visit: For more information
on Simply Better Brands Corp., please visit:
https://www.simplybetterbrands.com/investor-relations.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Information
Certain statements contained in this news release constitute
"forward-looking information" and "forward looking statements"
(collectively, "forward-looking statements") as such terms are used
in applicable Canadian securities laws and are based on plans,
expectations and estimates of management at the date of this press
release. Forward-looking statements include, without limitation,
statements with respect to Angad Capital's future intent to acquire
securities of the Company. The words "engaged in", "evaluating",
"continuing to", "enable", "is reviewing", "potential", "intend",
"believes", "aims" or variations of such words and phrases or
statements that certain future conditions, actions, events or
results "will", "may", "could", "would", "should", "might" or
"can", or negative versions thereof, "occur", "continue" or "be
achieved", and other similar expressions, identify forward-looking
statements. Forward-looking statements are necessarily based upon
management's perceptions of historical trends, current conditions
and expected future developments, as well as a number of specific
factors and assumptions that, while considered reasonable by the
Company as of the date of such statements, are outside of the
Company's control and are inherently subject to significant
business, economic and competitive uncertainties and contingencies
which could result in the forward-looking statements ultimately
being entirely or partially incorrect or untrue. Forward looking
statements contained in this press release are based on various
assumptions and subject to inherent risks and uncertainties that
may be general or specific and which give rise to the possibility
that expectations, forecasts, predictions, projections or
conclusions will not prove to be accurate, that assumptions may not
be correct, and that objectives, strategic goals and priorities
will not be achieved.
Known and unknown risk factors, many of which are beyond the
control of the Company, could cause the actual results of the
Company to differ materially from the results, performance,
achievements or developments expressed or implied by such
forward-looking statements. Such risk factors include but are not
limited to those factors which are discussed in the Company's
annual management discussion and analysis for the year ended
December 31, 2023, which is available
under the Company's SEDAR+ profile at www.sedarplus.com. There can
be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Forward-looking statements are provided as of the date of this
press release for the purpose of providing information about
management's expectations and plans relating to the future. The
Company disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise, or to explain any material
difference between subsequent actual events and such
forward-looking statements, except to the extent required by
applicable law. All of the forward-looking statements contained in
this press release are qualified by these cautionary
statements.
SOURCE Simply Better Brands Corp.