VANCOUVER, BC, March 5,
2024 /CNW/ - Simply Better Brands Corp. (TSXV: SBBC)
(OTCQB: PKANF) ("SBBC" or the "Company") today
announced that it is continuing a review of strategic alternatives
for the Company's PureKana cannabidiol (CBD) business.
As part of the review of strategic alternatives, the Company and
its advisors are evaluating the brand's performance, customer
acquisition strategy, and long-term growth potential.
"We are taking a critical look at all aspects of the PureKana
business with a focus on ensuring we are maximizing value for our
shareholders," said J.R. Kingsley
Ward, Interim Chief Executive Officer of SBBC. "I am
confident this process will provide us with a clear path forward in
the best interests of SBBC."
There can be no assurance that the review of strategic
alternatives will result in any particular outcome. The Board has
not set a deadline or definitive timetable for completing the
review process and the Company does not intend to comment further
on the review process unless and until the Company determines that
a disclosure is required by applicable securities laws.
About Simply Better Brands
Corp.
Simply Better Brands Corp. leads an international omni-channel
platform with diversified assets in the emerging plant-based and
holistic wellness consumer product categories. The Company's
mission is focused on leading innovation for the informed
Millennial and Generation Z generations in the rapidly growing
plant-based wellness, natural, and clean ingredient space. The
Company continues to focus on expansion into high-growth consumer
product categories including plant-based food, clean ingredient
skincare and plant-based wellness. 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.
SOURCE Simply Better Brands Corp.