Mr. Joseph Meehan reports

CENTR BRANDS CORP. - CORPORATE UPDATE

Centr Brands Corp. has released its financial results for the quarter ending Feb. 29, 2020. Selected financial information for the quarter is set forth below (with the full financial statements for the quarter and the related management's discussion and analysis ("MD&A") available under the Company's SEDAR profile at www.sedar.com):

Description
Three months ended Feb 29, 2020
Three months ended Feb 28, 2019
Revenue
$234,670
$    -
Expenses
$972,263
$415,600
Net and comprehensive loss for the period
($851,207)
($415,600)
Total assets
$1,500,985
$149,621
Total liabilities
$465,548
$131,239
Net loss per share
($0.01)
($0.31)
  *All amounts reflected in Canadian dollars

"We are excited to show another consecutive quarter of growth since we started sales in August 2019; over 45% revenue growth in the third quarter over the previous quarter" said Company CEO Joseph Meehan. "CENTR is witnessing success and recognition as a delicious beverage with strong brand visuals, and we look forward to continuing our growth in this current economic environment".

About CENTR Brands Corp.

CENTR Brands Corp. is a better beverage company that develops and markets non-alcoholic beverages. The Company's initial focus is on the creation and launch of a global brand for the cannabidiol (CBD) infused beverage market.

We seek Safe Harbor.