Monday, December 5 2022

MONTREAL, July 21. 2022 (GLOBE NEWSWIRE) — GURU Organic Energy Corp. (TSX:GURU) (“GURU“or the”Company), Canada’s leading organic energy drink brand, today announced that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by the Company of its intention to make a normal course issuer bid (“ORCN“) in respect of its common shares (the “Shares”).

The notice provides that GURU may, during the 12-month period beginning July 25, 2022 and ending no later than July 24, 2023, purchase up to 500,000 shares, representing approximately 1.5% of the 32,341,126 shares outstanding as of July 14, 2022. , through the facilities of the TSX or other Canadian trading systems, at times and in numbers to be determined by the Company. All shares purchased under the issuer bid will be purchased in the open market and in accordance with the rules and policies of the TSX at prevailing market prices and cancelled.

The average daily trading volume of the shares on the TSX for the last six completed calendar months is 11,440. In accordance with TSX rules and policies, daily purchases under the issuer bid will be limited to 2 860 shares, representing 25% of average daily trading volume, except under certain prescribed exceptions.

GURU’s expansion plans are aimed at increasing market share and generating long-term sustainable profitable growth and the vast majority of its capital and efforts are allocated to these goals. However, GURU believes that at times the market price of its Shares may not reflect their full value, and their redemption in this context represents an appropriate and desirable use of part of the capital of the Company. Decisions regarding the actual number of Shares and the timing of any purchase or other action in connection with the OPRA will be made by GURU based on a variety of factors, including prevailing market conditions and the capital and liquidity positions of the society. In addition, GURU may from time to time redeem Shares under any automatic stock purchase plan it may enter into with a broker in the future, which would allow purchases at times when GURU does not would generally not be permitted to purchase Shares for regulatory or other reasons. .

There can be no assurance that GURU will purchase all or part of the number of shares subject to the tender offer referred to in this press release. GURU may also suspend or discontinue the NCIB at any time.

GURU has not repurchased Shares within the framework of a BPO during the last twelve months.

About GURU Products
All GURU energy drinks are plant-based, high in natural caffeine, and free from artificial sweeteners, artificial colors, artificial flavors, and preservatives. Plus, all drinks are organic, vegan, and gluten-free — and the best thing about them is how amazing they taste.

About GURU
GURU Organic Energy Corp. (TSX: GURU) is a dynamic, fast-growing beverage company that started in 1999, when it launched the world’s first natural, plant-based energy drink. The Company markets organic energy drinks in Canada and the United States through an estimated distribution network of more than 25,000 outlets, as well as through guruenergy.com and Amazon. GURU has built an inspiring brand with a clear list of organic, plant-based ingredients. Its drinks provide consumers with good energy that never comes at the expense of their health. The Company is committed to achieving its mission of cleaning up the energy drink industry in Canada and the United States. For more information, visit www.guruenergy.com or follow us @guruenergydrink on Instagram and @guruenergy on Facebook.

For more information, please contact:

Forward-looking statements
This press release contains “forward-looking statements” within the meaning of applicable Canadian securities laws. These forward-looking statements include, but are not limited to, information regarding our goals and strategies to achieve those goals, information and statements relating to potential future purchases of shares by GURU under the public offering of redemption, as well as information regarding our beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking statements are generally identified by the use of words such as “may”, “should”, “should”, “could”, “expect”, “intend”, “estimate”, ” anticipate”, “plan”, “expect”, “believe” or “continue”, although not all forward-looking statements contain these words. Forward-looking statements are provided for the purpose of assisting the reader in understanding the Company and its business, operations, prospects and risks at any given time in the context of possible historical and future developments, and the reader is therefore cautioned that such information may not be suitable for other purposes. 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 disclosed or under -understood by these forward-looking statements. These risks and uncertainties include the following, which are described in more detail under the heading “Risk Factors” of the Company’s Annual Information Form for the year ended October 31, 2021, available on SEDAR at www.sedar .com: growth management; reliance on key personnel; changes in consumer preferences; significant changes in government regulations; criticism of energy drink products and/or the energy drink market; economic downturn and continued uncertainty in financial markets and other adverse changes in general economic or political conditions, as well as the COVID-19 pandemic or other major macroeconomic phenomena; global or regional catastrophic events; fluctuations in foreign currency exchange rates; net revenues derived entirely from energy drinks; increased competition; relationships with co-packers and distributors and/or their ability to manufacture and/or distribute GURU’s products; relationships with existing customers; the changing retail landscape; cost increases and/or shortages of raw materials and/or ingredients and/or fuel and/or co-packing costs; the inability to accurately estimate demand for its products; history of negative cash flow and no guarantee of continued profitability or positive EBITDA; intellectual property rights; maintaining brand image or product quality; retention of full-time senior management; climate change; dispute; Informatic Systems; fluctuation in quarterly operating results; risks associated with the PepsiCo distribution agreement; no guarantee of continued profitability or positive EBITDA; and conflicts of interest. Certain assumptions have been made in preparing the forward-looking statements regarding the availability of capital resources, business performance, market conditions and consumer demand. Accordingly, all forward-looking statements contained herein are qualified by the foregoing cautionary statements, and there can be no assurance that the results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences. or effects on our business, financial condition or results of operations. Unless otherwise stated or the context indicates otherwise, the forward-looking statements contained herein are provided as of the date hereof, and we undertake no obligation to update or modify any such forward-looking statements, whether as a result of new information, future events or otherwise. , except as required by applicable law.

Previous

Why the poor suffer from ill health: A capitalist legacy

Next

Fininteractive (trading as FXVC) says goodbye to its CySEC license

Check Also