Brief: Simply Better Brands Corp To Suspend Operations Of Purekana Subsidiary

TRUBAR

02/04/2024 12:15

April 2 (Reuters) - Simply Better Brands Corp  SBBC.V :
    * SIMPLY BETTER BRANDS CORP. PROVIDES CORPORATE UPDATE,
ANNOUNCES
SUSPENSION OF OPERATIONS OF PUREKANA SUBSIDIARY
    * SIMPLY BETTER BRANDS CORP - PLANS TO COMMENCE BANKRUPTCY
PROCEEDINGS UNDER CHAPTER 7 OF BANKRUPTCY CODE OF UNITED STATES
AS SOON AS PRACTICABLE
    * SIMPLY BETTER BRANDS CORP -  OPERATIONS OF ITS 50.1% OWNED
SUBSIDIARY, PUREKANA, LLC ARE BEING SUSPENDED
    * SIMPLY BETTER BRANDS CORP -  PRELIMINARY FULL-YEAR 2023
REPORTING REVENUES IN RANGE OF $80-$85 MILLION
    * SIMPLY BETTER BRANDS CORP -  PRELIMINARY FULL-YEAR 2023
GROSS
PROFIT OF APPROXIMATELY 60% IN 2023

Source text for Eikon:  ID:nCNWD5zmGa 
Further company coverage:  SBBC.V 

 ((Reuters.Briefs@thomsonreuters.com;))