Mr. Anton Drescher reports

CENTR BRANDS CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNSECURED CONVERTIBLE DEBENTURES

Centr Brands Corp. has arranged a proposed non-brokered private placement of up to 150 unsecured convertible debentures in the amount of $1,000 each in the aggregate principal amount of $150,000.

The debentures will bear interest from the date of issuance at a rate of 10.0 per cent per annum, calculated and payable annually, and will mature on the date that is 12 months from the date of issuance.

The principal amount of the debentures, together with any accrued and unpaid interest, may be converted, in whole or in part, at any time before the maturity date, into equity securities of the company, at the election of the holder, in whole or in part, at a conversion price equal to the greater of: (a) the market price (as such term is defined in the policies of the Canadian Securities Exchange; and (b) the offering price of the company's first equity financing following the closing date, subject to the approval of the CSE.

The company intends on using the net proceeds of the offering for working capital and general corporate purposes.

Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including that of the CSE. The securities issued in connection with the offering will be subject to applicable statutory hold periods imposed under applicable securities legislation. The offering is not subject to a minimum aggregate amount of subscriptions and may close in more than one tranche.

Insiders of the company are expected to participate in the offering. Any such participation will be considered a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The transaction is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued to such insiders nor the consideration that will be paid by such persons will exceed 25 per cent of the company's market capitalization.

About Centr Brands Corp.

Centr Brands is a functional wellness beverage company dedicated to promoting holistic well-being. With a commitment to providing high-quality products and exceptional customer experiences, Centr offers a range of functional wellness beverages that support individuals in their pursuit of balanced and healthy lifestyles. By leveraging innovative technology and embracing consumer-centric strategies, Centr empowers customers to prioritize their well-being and discover the benefits of wellness beverages.

The company produces Centr Enhanced, a family of refreshing, zero-calorie, non-CBD (cannabidiol), nootropic and adaptogen sparkling waters incorporating a variety of science-backed ingredients. The company has discontinued two product lines, Centr CBD and Centr Instant, facilitating the exit of the company within the CBD category.

The company remains committed to exploring strategic business opportunities in response to shifting economic conditions.

We seek Safe Harbor.