Simply Better Brands Corp. (“SBBC” or the “Company”) (TSXV: SBBC) (OTCQB: PKANF) has announced a change in auditors from Marcum LLP (“Former Auditor”) to Davidson & Co LLP (“Successor Auditor”) effective August 8, 2023. The Former Auditor was terminated at the Company’s request and replaced by the Successor Auditor, effective until the next Annual General Meeting of the Company.
No reservations were present in the Former Auditor’s reports on the Company’s financial statements for the period spanning the Company’s two most recent completed financial years until the Former Auditor’s resignation date. There are no reportable events, including disagreements, consultations, or unresolved issues, between the Company and the Former Auditor as defined in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”) (Part 4.11).
The notice of change of auditor, along with required letters from the Former Auditor and the Successor Auditor, has been reviewed by the Company’s board of directors and filed on SEDAR as per NI 51-102.
Vibez Earnout
Furthermore, following the news release dated January 25, 2023, and related to the Branding Earnout Agreement dated January 25, 2023, the Company has issued 159,487 common shares. The payments outlined in the agreement are subject to review and approval by the TSX Venture Exchange.
About Simply Better Brands Corp.
Simply Better Brands Corp. spearheads an international omni-channel platform with diversified assets in emerging plant-based and holistic wellness consumer product sectors. The Company’s mission targets innovation for the informed Millennial and Generation Z generations in the rapidly expanding plant-based, natural, and clean ingredient space. The Company’s expansion focus encompasses high-growth consumer product categories such as plant-based food, clean ingredient skincare, and plant-based wellness.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined by the policies of the TSX Venture Exchange) takes responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain statements within this news release constitute “forward-looking information” and “forward-looking statements” as per applicable Canadian securities laws. Such forward-looking statements and information rely on management’s plans, expectations, and estimates as of the date provided and are subject to specific factors and assumptions. These include, but aren’t limited to, the absence of unforeseen events impacting the Company’s financial condition and development plans, the effects of the COVID-19 pandemic, the regulatory environment, and the Company’s ability to execute its business plans. Notably, this news release includes forward-looking statements concerning the completion of payment under the Branding Earnout Agreement. However, actual results and future events could differ materially from anticipated outcomes in such forward-looking information.
Forward-looking statements and information face various risks, uncertainties, and other factors that could lead to deviations in plans, estimates, and actual outcomes from those projected. These factors may include, but aren’t limited to, the risk of invalid or unreliable assumptions, occurrence of events causing delays or work stoppages, changes in the Company’s financial condition or development plans, and the ability to obtain necessary regulatory approvals for proposed transactions. These risks extend to the plant-based food, clean ingredient skincare, plant-based wellness, and broader wellness sectors, as well as the Company.
The above recap of assumptions and risks related to forward-looking statements aims to provide shareholders and potential investors with a comprehensive view of the Company’s current and future operations. This information might not be suitable for other purposes. The Company does not guarantee that actual results will mirror those referenced in the forward-looking statements. The Company also holds no obligation to update or revise the included forward-looking statements, except where required by applicable securities law.
