Yerbaé Brands Corp. (TSX-V: YERB.U; OTCQX: YERBF)
(“Yerbaé” or the “Company”), a plant-based energy
beverage company, announced its successful qualification to trade
on the OTCQX® Best Market, along with receiving Depository Trust
Company (“DTC”) eligibility. Yerbaé Brands Corp. under the
symbol “YERBF”, will begin trading today on OTCQX. These
significant milestones mark a new chapter in Yerbae’s growth and
enhance its ability to expand investor access and liquidity.
The OTCQX® Best Market is recognized as the top tier of the U.S.
OTC markets, providing investors with transparent trading, superior
information availability, and high-quality issuer standards. By
achieving this qualification, Yerbae hopes to demonstrate its
commitment to maintaining the highest level of financial disclosure
and corporate governance.
Additionally, Yerbae has obtained DTC eligibility, enabling
electronic clearing and settlement of its shares in the United
States. This designation greatly simplifies the process of trading
Yerbae’s common shares for brokers and institutional investors,
facilitating faster and more efficient trading, and broadening the
Company’s reach in the investment community.
“We are pleased to have qualified for the OTCQX® Best Market and
achieved DTC eligibility,” said Todd Gibson, CEO and co-founder of
Yerbae. “These accomplishments represent important steps forward in
our commitment to fostering shareholder value and expanding our
investor base in the US. We believe that enhanced accessibility and
transparency will help us accelerate our growth trajectory.”
Yerbae’s successful qualification to the OTCQX® Best Market and
DTC eligibility follow a period of significant achievements for the
Company, with the most recent one being a record Q1 2023 net
revenue of US$3.5 million, up 130% from US$1.5 million in Q1 2022.
Known for its refreshing and health-conscious sparkling water
infused with Yerba Mate, Yerbae has experienced tremendous success
in the beverage industry, capturing the attention of consumers and
investors alike.
To learn more, join Yerbaé’s mailing list
https://investors.yerbae.com or follow us on social media
@DrinkYerbae to see live updates from the in-store activities.
About Yerbaé Brands Corp.
Founded in 2017 by Todd Gibson and Karrie Gibson, Yerbaé Brands
Corp.,(TSXV: YERB.U) is disrupting the energy beverage marketplace
with great tasting, zero sugar, zero calorie beverages, while using
plant-based ingredients that are designed to meet the needs of the
wellness forward consumer. Harnessing the power of nature, Yerbaé’s
celebrity ingredient (Yerba Mate) is known to produce 196 different
vitamins, minerals and nutrients that also produces caffeine.
By combining Yerba Mate, a South American herb with its premium
ingredients and flavors, Yerbaé provides consumers with a no
compromise energy solution. All Yerbaé energy beverages are zero
calorie, zero sugar, non-GMO, and gluten free.
Find us @DrinkYerbae on Instagram and Facebook.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements relating
to the Company. Statements in this news release that are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future, including, without limitation, the intended
use of proceeds therefrom. Forward-looking statements are based on
assumptions and are subject to a number of risks and uncertainties,
many of which are beyond our control, which could cause actual
results to differ materially from those that are disclosed in or
implied by such forward-looking statements. The material
assumptions supporting these forward-looking statements include,
among others, that the demand for the Company’s products will
continue to significantly grow; that the past production capacity
of the Company’s co-packing facilities can be maintained or
increased; that there will be increased production capacity through
implementation of new production facilities, new co-packers and new
technology; that there will be an increase in number of products
available for sale to retailers and consumers; that there will be
an expansion in geographical areas by national retailers carrying
the Company’s products; that the Company’s brokers and distributors
will continue to sell and prioritize the Company’s products; that
there will not be interruptions on production of the Company’s
products; that there will not be a recall of products due to
unintended contamination or other adverse events relating to the
Company’s products; and that the Company will be able to obtain
additional capital to meet the Company’s growing demand and satisfy
the capital expenditure requirements needed to increase production
and support sales activity. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, governmental
regulations being implemented regarding the production and sale of
energy drinks; the fact that consumers may not embrace and purchase
any of the Company’s products; additional competitors selling
energy drinks reducing the Company’s sales; the fact that the
Company does not own or operate any of its production facilities
and that co-packers may not renew current agreements and/or not
satisfy increased production quotas; the potential for supply chain
interruption due to factors beyond the Company’s control; the fact
that there may be increases in costs and/or shortages of raw
materials and/or ingredients and/or fuel and/or costs of
co-packing; the fact that there may be a recall of products due to
unintended contamination; the inherent uncertainties associated
with operating as an early stage company; changes in customer
demand and the fact that consumers may not embrace energy drink
products as expected or at all; the extent to which the Company is
successful in gaining new long-term relationships with new
retailers and retaining existing relationships with retailers,
brokers, and distributors; and competition in the industry in which
the Company operates and market conditions.
These forward-looking statements are made as of the date of this
news, and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements, except as required by applicable law, including the
securities laws of the United States and Canada. Although the
Company believes that any beliefs, plans, expectations and
intentions contained in this presentation are reasonable, there can
be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Readers should consult all of
the information set forth herein and should also refer to the risk
factors disclosure outlined in greater detail under “Risk Factors”
in the Company’s Information Circular dated November 13, 2022
available on SEDAR at www.sedar.com.
Neither 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.
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements relating
to the Company. Statements in this news release that are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future, including: that Yerbae will deliver
consistent growth and that Yerbae is a leading player in the
plant-based functional energy beverage industry. Forward-looking
statements are based on assumptions and are subject to a number of
risks and uncertainties, many of which are beyond our control,
which could cause actual results to differ materially from those
that are disclosed in or implied by such forward-looking
statements. The material assumptions supporting these
forward-looking statements include, among others, that the demand
for the Company’s products will continue to significantly grow;
that the past production capacity of the Company’s co-packing
facilities can be maintained or increased; that there will be
increased production capacity through implementation of new
production facilities, new co-packers and new technology; that
there will be an increase in number of products available for sale
to retailers and consumers; that there will be an expansion in
geographical areas by national retailers carrying the Company’s
products; that the Company’s brokers and distributors will continue
to sell and prioritize the Company’s products; that there will not
be interruptions on production of the Company’s products; that
there will not be a recall of products due to unintended
contamination or other adverse events relating to the Company’s
products; and that the Company will be able to obtain additional
capital to meet the Company’s growing demand and satisfy the
capital expenditure requirements needed to increase production and
support sales activity. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, governmental
regulations being implemented regarding the production and sale of
energy drinks; the fact that consumers may not embrace and purchase
any of the Company’s products; additional competitors selling
energy drinks reducing the Company’s sales; the fact that the
Company does not own or operate any of its production facilities
and that co-packers may not renew current agreements and/or not
satisfy increased production quotas; the potential for supply chain
interruption due to factors beyond the Company’s control; the fact
that there may be increases in costs and/or shortages of raw
materials and/or ingredients and/or fuel and/or costs of
co-packing; the fact that there may be a recall of products due to
unintended contamination; the inherent uncertainties associated
with operating as an early stage company; changes in customer
demand and the fact that consumers may not embrace energy drink
products as expected or at all; the extent to which the Company is
successful in gaining new long-term relationships with new
retailers and retaining existing relationships with retailers,
brokers, and distributors; the Company’s ability to raise the
additional funding that it will need to continue to pursue its
business, planned capital expansion and sales activity; and
competition in the industry in which the Company operates and
market conditions.
These forward-looking statements are made as of the date of this
news, and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements, except as required by applicable law, including the
securities laws of the United States and Canada. Although the
Company believes that any beliefs, plans, expectations and
intentions contained in this presentation are reasonable, there can
be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Readers should consult all of
the information set forth herein and should also refer to the risk
factors disclosure outlined in greater detail under “Risk Factors”
in the Company’s Information Circular dated November 15, 2022
available on SEDAR at www.sedar.com.
Neither 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230621087533/en/
For further information on Yerbaé Brands Corp.: Yerbaé Brands
Corp. Todd Gibson Chief Executive Officer +1(847) 209-0021
Investor Relations E: investors@Yerbaé.com P: +1 (480) 471-8391
W: https://Yerbaé.com/
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