Announcement • May 01
Vitalist Inc. (TSXV:VITA) acquired Somatix, Inc. for CAD 6.7 million. Vitalist Inc. (TSXV:VITA) entered into a definitive merger agreement to acquire Somatix, Inc. for CAD 6.7 million on March 30, 2026. The consideration consists of 15.58 million common equity of Vitalist Inc. to be issued for common equity of Somatix, Inc. Following the Closing, Somatix, Inc's Stockholders will hold approximately 23.4% of Vitalist's issued and outstanding common shares. Upon closing of the Transaction, Charles Herman will be appointed as Chief Science Officer of Vitalist and will continue to serve as CEO of Somatix and Nick Padula joins the executive team as President of Somatix and Chief Revenue Officer of both Somatix and Vitalist.
For the period ending December 31, 2025, Somatix, Inc. reported total revenue of CAD 0.15 million ($0.11 million) and net loss of CAD 4.25 million ($3.05 million). As of December 31, 2025, Somatix, Inc. reported total assets of CAD 3.24 million ($2.33 million).
Completion remains subject to the final approval of TSX Venture Exchange and the satisfaction of customary closing conditions.
Kingswood Capital Partners, LLC acted as financial advisor for Somatix, Inc. Kier Advisory Services acted as financial advisor for Vitalist Inc. Kingswood Capital Partners, LLC will receive a finder’s fee consisting of CAD 0.14 million ($0.1 million) in cash and Vitalist common shares equivalent to a value of CAD 0.06 million ($0.05 million), conditional upon the Closing.
Vitalist Inc. (TSXV:VITA) completed the acquisition of Somatix, Inc. on April 30, 2026. Under the terms of the transaction, Vitalist issued 15,581,854 of its common shares in exchange for 100% of the common stock of Somatix. Following closing, the former Somatix stockholders held approximately 23.24% of the issued and outstanding common shares of Vitalist. Kingswood Capital Partners, LLC was paid a financial advisory fee consisting of CAD 0.13 million ($0.1 million) in cash and 87,812 common shares of Vitalist issued at a price of CAD 0.71 per share. New Risk • Apr 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Negative equity (-CA$13m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (CA$4.8m revenue, or US$3.5m). Market cap is less than US$100m (CA$22.0m market cap, or US$16.0m). Announcement • Apr 03
Vitalist Inc. Announces Executive Appointments Vitalist Inc. announced that Dr. Charles Herman will be appointed as Chief Science Officer of Vitalist and will continue to serve as CEO of Somatix. Dr. Herman is a distinguished surgeon and healthcare executive with over 20 years of experience in clinical practice and medical technology innovation. In addition to his leadership at Somatix, Dr. Herman serves as a Portfolio Manager at Forefront Analytics, where he applies quantitative insights to healthcare investments. He previously served as Chief Medical Executive for multiple healthcare systems and has held executive leadership and faculty positions at major medical institutions and universities. Dr. Herman holds an M.D. from Albany Medical College in New York and an M.B.A. from the Wharton School of the University of Pennsylvania, where he is a Palmer Scholar. Nick Padula joins the executive team as Chief Revenue Officer of Vitalist. Mr. Padula is a senior executive with over 30 years of experience driving market share growth and operational excellence across major healthcare and medical technology firms. He has previously held senior leadership roles at Philips Healthcare, GE Healthcare, and Health Recovery Solutions, where he led large-scale commercial organizations and successfully integrated complex global acquisitions. Announcement • Apr 01
Vitalist Inc. (TSXV:VITA) entered into a definitive merger agreement to acquire Somatix, Inc. for CAD 6.7 million. Vitalist Inc. (TSXV:VITA) entered into a definitive merger agreement to acquire Somatix, Inc. for CAD 6.7 million on March 30, 2026. The consideration consists of 15.58 million common equity of Vitalist Inc. to be issued for common equity of Somatix, Inc. Following the Closing, Somatix, Inc's Stockholders will hold approximately 23.4% of Vitalist's issued and outstanding common shares. Upon closing of the Transaction, Charles Herman will be appointed as Chief Science Officer of Vitalist and will continue to serve as CEO of Somatix and Nick Padula joins the executive team as President of Somatix and Chief Revenue Officer of both Somatix and Vitalist.
For the period ending December 31, 2025, Somatix, Inc. reported total revenue of CAD 0.15 million ($0.11 million) and net loss of CAD 4.25 million ($3.05 million). As of December 31, 2025, Somatix, Inc. reported total assets of CAD 3.24 million ($2.33 million).
Completion remains subject to the final approval of TSX Venture Exchange and the satisfaction of customary closing conditions.
Kingswood Capital Partners, LLC acted as financial advisor for Somatix, Inc. Kier Advisory Services acted as financial advisor for Vitalist Inc. Kingswood Capital Partners, LLC will receive a finder’s fee consisting of CAD 0.14 million ($0.1 million) in cash and Vitalist common shares equivalent to a value of CAD 0.06 million ($0.05 million), conditional upon the Closing. Reported Earnings • Feb 15
Third quarter 2026 earnings released: CA$0.043 loss per share (vs CA$0.017 loss in 3Q 2025) Third quarter 2026 results: CA$0.043 loss per share (further deteriorated from CA$0.017 loss in 3Q 2025). Revenue: CA$659.5k (down 47% from 3Q 2025). Net loss: CA$2.20m (loss widened 196% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Dec 02
Vitalist Inc. and MicroEJ Announce New Reebok Smartwatch Powered by VitalOS Vitalist Inc. and MicroEJ announced the launch of the first Reebok smartwatch powered by VitalOS, marking the public debut of an operating system designed to support consumer brands entering the wearable market. With Reebok as the first commercial implementation, VitalOS illustrates the platform's capabilities and showcases its capabilities, providing an alternative approach to developing wearables without reliance on proprietary ecosystems. VitalOS is built on MicroEJ's proven virtualization technology, MicroEJ VEE, and its wearable solution, VEE Wear -- part of a platform that already powers more than 400 million connected devices worldwide. Together, the companies have created a foundation that streamlines the cost, speed, and scale of wearable development: Low-power architecture designed to support extended battery performance; 6-9 month development cycles; Customization options for brand-specific experiences; Hardware-agnostic scalability. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: CA$0.003 (vs CA$0.018 loss in 2Q 2025) Second quarter 2026 results: EPS: CA$0.003 (up from CA$0.018 loss in 2Q 2025). Revenue: CA$2.12m (up 42% from 2Q 2025). Net income: CA$152.2k (up CA$962.6k from 2Q 2025). Profit margin: 7.2% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
First quarter 2026 earnings released: CA$0.01 loss per share (vs CA$0.012 loss in 1Q 2025) First quarter 2026 results: CA$0.01 loss per share (improved from CA$0.012 loss in 1Q 2025). Revenue: CA$1.67m (up 25% from 1Q 2025). Net loss: CA$464.5k (loss narrowed 15% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Jul 25
Vitalist Inc., Annual General Meeting, Sep 30, 2025 Vitalist Inc., Annual General Meeting, Sep 30, 2025. Location: 2100 livingston place, 222 3 ave sw, ab t2p 0b4, calgary Canada Announcement • Jul 18
Vitalist Inc. Announces Board Changes, Effective July 18, 2025 Vitalist Inc. announced that Jared Wolk has stepped down from his role as Chairman of the Board, effective July 18, 2025. Mr. Wolk will remain on the Board of Directors and will continue to serve in his positions on his existing committees. The Board of Directors announced that Joanne Hruska has been appointed as the new Chairman of the Board, effective July 18, 2025. Ms. Hruska is a highly valued member of the Board, and her leadership will be instrumental as Vitalist continues its growth trajectory. Reported Earnings • Jun 29
Full year 2025 earnings released: CA$0.08 loss per share (vs CA$0.20 profit in FY 2024) Full year 2025 results: CA$0.08 loss per share (down from CA$0.20 profit in FY 2024). Revenue: CA$4.75m (up 146% from FY 2024). Net loss: CA$3.58m (down 186% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Apr 09
Vitalist Inc. announced that it expects to receive CAD 3.3 million in funding Vitalist Inc announced a non-brokered private placement of a minimum of 3,250,000 and a maximum of 8,250,000 units at a price of CAD 0.40 per Unit for aggregate proceeds minimum of CAD 1,300,000 and a maximum of CAD 3,300,000 on April 8, 2025. Each Unit will consist of one common share of the Company, one common share purchase warrant of the Company, and one fractional royalty interest of the Company. Each Warrant will entitle the holder to purchase one additional common share of the Company, at the Strike Price for a period of 24 months following the Closing. The Offering will close in tranches , with the first such Closing to occur on or about May 1, 2024, or such other date as the Company may designate. The Shares, Warrants, Warrant Shares, and Royalty Interests will be subject to a hold period of four months plus one day from the date of issuance, in accordance with applicable securities regulations. Certain directors and officers of the Company are expected to subscribe for Units. Announcement • Sep 20
CE Brands Inc. Appoints Carley George as Chief Marketing Officer CE Brands Inc. announced the appointment of Carley George as Chief Marketing Officer. Carley is a distinguished sales and marketing professional with over 18 years expertise in account services and relationship development. Her exceptional collaborative skills have been instrumental in driving successful client outcomes. She has a proven track record of building and nurturing strong partnerships across diverse industries and was recognized as one of Canada's 50 Best Executives in Sales and Marketing by The Globe and Mail in 2021. Carley has worked with a diverse range of clients, showcasing adaptability, versatility and industry knowledge. In her new role as Chief Marketing Officer, Carley will be responsible for spearheading CE Brands' co-branding partnerships and marketing strategies. She will drive growth through innovative digital media approaches and leverage her collaborative nature and relationship-building skills to expand the company’s brand reach and strengthen partnerships. Carley's appointment signifies CE Brands’ commitment to strengthening its market position and accelerating growth. Her blend of strategic insight, digital expertise, and ability to forge strong client relationships positions her as a key driver in accelerating CE Brands in the market. Announcement • Aug 26
CE Brands Inc., Annual General Meeting, Oct 31, 2024 CE Brands Inc., Annual General Meeting, Oct 31, 2024. Announcement • Aug 21
CE Brands Inc Announces the Launch of the Motowatch 120 CE Brands Inc. announced the launch of the motowatch 120, the latest addition to its line of Motorola smartwatches. Building on the success of the moto watch 40 and 70, the motowatch 120 offers a powerful combination of advanced technology, sleek design, and long-lasting battery life, catering to a wider range of smartwatch users. Key Features of the motowatch 120: Premium Design: The moto watch 120 boasts sophistication with its premium metal build and a high-resolution 1.43" 2.5D AMOLED display featuring an always- on mode for continuous visibility. Smart Integration: Stay connected and productive with seamless Google Assistant and Gemini integration, allowing for hands-free assistance and information access. Battery & Fitness: Power through your day with a long lasting battery that lasts up to 10-days and the convenience of rapid charging from 0-100% in under an hour, while automatic sport detection streamlines your fitness tracking. The moto watch 120 will be available for purchase starting mid-August at major retailers and online at motowatch.com for a suggested retail price of USD 129.99. Reported Earnings • Jul 30
Full year 2024 earnings released: EPS: CA$0.20 (vs CA$11.11 loss in FY 2023) Full year 2024 results: EPS: CA$0.20 (up from CA$11.11 loss in FY 2023). Net income: CA$4.17m (up CA$32.2m from FY 2023). Reported Earnings • Feb 16
Third quarter 2024 earnings released: CA$0.035 loss per share (vs CA$2.40 loss in 3Q 2023) Third quarter 2024 results: CA$0.035 loss per share (improved from CA$2.40 loss in 3Q 2023). Revenue: CA$199.4k (down 87% from 3Q 2023). Net loss: CA$1.14m (loss narrowed 81% from 3Q 2023). Announcement • Jan 25
CE Brands Inc., Annual General Meeting, Dec 04, 2024 CE Brands Inc., Annual General Meeting, Dec 04, 2024. Agenda: To consider share consolidation. Announcement • Jan 18
CE Brands Inc. has completed a Follow-on Equity Offering in the amount of CAD 5 million. CE Brands Inc. has completed a Follow-on Equity Offering in the amount of CAD 5 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: CAD 0.02 Board Change • Dec 19
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Joanne Hruska is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
Second quarter 2024 earnings released: CA$0.081 loss per share (vs CA$0.08 loss in 2Q 2023) Second quarter 2024 results: CA$0.081 loss per share. Net loss: CA$2.05m (loss narrowed 3.9% from 2Q 2023). New Risk • Nov 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 16x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.3m free cash flow). Shares are highly illiquid. Negative equity (-CA$14m). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 16x increase in shares outstanding). Market cap is less than US$10m (CA$4.47m market cap, or US$3.24m). Minor Risk Revenue is less than US$5m (CA$6.3m revenue, or US$4.6m). Board Change • Nov 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Joanne Hruska is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 19
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Joanne Hruska is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Aug 26
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: CA$6.3m (US$4.7m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.3m free cash flow). Shares are highly illiquid. Negative equity (-CA$14m). Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (CA$632.3k market cap, or US$464.8k). Minor Risk Revenue is less than US$5m (CA$6.3m revenue, or US$4.7m). Announcement • Aug 01
CE Brands Inc. Appoints David Colleran as CFO CE Brands Inc. announced it has appointed David Colleran as its Chief Financial Officer. Mr. Colleran joins CE Brands with over 14 years of experience in financial reporting, audit, planning, and accounting operations. He has served as Senior Director and Director Finance for branded consumer product and technology companies listed on the NASDAQ and TSXV. Prior to working in industry Mr. Colleran obtained his CPA at Ernst and Young where he served numerous publicly listed organizations in North America. Reported Earnings • Jul 29
Full year 2023 earnings released: CA$1.11 loss per share (vs CA$0.46 loss in FY 2022) Full year 2023 results: CA$1.11 loss per share (further deteriorated from CA$0.46 loss in FY 2022). Revenue: CA$7.57m (up 9.7% from FY 2022). Net loss: CA$28.1m (loss widened 172% from FY 2022). Announcement • Jun 27
Ce Brands Inc. Announces Resignation of Carolyn Scissons as Chief Financial Officer CE Brands Inc. announced the resignation of Carolyn Scissons as Chief Financial Officer. Carolyn joined the Company with a mandate from Vesta Wealth to bring enhanced financial discipline to the finance department of CE Brands’. “Carolyn, has made significant improvements to the financial processes at CE Brands’ and has been invaluable during this reorganization of CE Brands’ subsidiaries”, said Kalvie Legat, CE Brands’ CEO. The Company will make an announcement with respect to a new CFO in the near future. Ms. Scissons will remain with the Company as a consultant through August, 2023 and will work closely with management to support a smooth transition of responsibilities. Announcement • Jun 07
CE Brands Inc. Expands Its Ecosystem With the Launch Of Vitalist: A New Connected Health Ecosystem at the Nexus of Health and Technology CE Brands Inc. announced a significant milestone in its growth strategy. CE Brands is expanding its ecosystem of watches and wearables with the launch of Vitalist, a connected health brand that aims to revolutionize the way the company approach health and wellness. Building on the company’s history in developing smartwatches and smartwatch software, Vitalist is being launched as a connected health ecosystem, aiming to connect consumers' biometric data with blood and saliva biomarker data. The Vitalist ecosystem is being launched as a complementary expansion to the company’s existing smartwatch branding and operations. This expansion represents CE Brands' commitment to delivering cutting-edge solutions and empowering individuals to achieve optimal well-being. Vitalist aims to expand the boundaries of a conventional wearable brand, offering more than just a superior app experience for data logging and goal-setting. The brand aspires to become the ultimate one-stop-shop for individuals seeking to optimize their health and well-being. As an integral part of the Vitalist experience, the brand will integrate at-home health testing kits into its offering, delivered conveniently to individuals' doorsteps via in-app subscription purchase. This innovative approach will empower users to unlock their full health potential through comprehensive testing and data analysis. By combining data analytics technology, wearable hardware, and the biomarker health testing kits, Vitalist aims to help consumers gain deeper insight into how their daily activities affect their biomarkers, such as hormone and cholesterol levels. CE Brands remains committed to its core values of innovation, excellence, and customer satisfaction. With the introduction of Vitalist, the company aims to expand its position in the health and technology sectors. Through this expansion, CE Brands reinforces its dedication to creating products and services that enrich the lives of individuals and improve their overall well-being. Board Change • Jun 02
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Joanne Hruska is the most experienced director on the board, commencing their role in 2018. Independent Director Steve Smith was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • May 26
CE Brands Inc. Introduces the New Moto Watch 70 Available at Best Buy Canada Ltd CE Brands Inc. announced the availability of the moto watch 70 at Best Buy Canada Ltd, a device perfect for everyday use. This new smartwatch arrives as an addition to the Best Buy Canada portfolio, which already includes the moto watch 100. Designed as a great everyday wear smartwatch for those with an active lifestyle, the moto watch 70 features a large 1.69LCD, a thin metal and glass body, and is surrounded by a smooth bezel. The moto watch 70 comes with a crystal clear screen so every time raise wrist, get a clear view of the most important to you. The moto watch 70 features a stylish metal case and a hard-wearing silicone band's interchangeable to suit any occasion. Plus, can customize watch face in hundreds of different ways with custom photos and layouts. Tracking vitals is easy with the new moto watch 70 including advanced sleep tracking with nightly REM, deep, and light sleep updates. With active heart rate monitoring, will always have a clear understanding of pulse throughout the day and during activities. Weather on wrist. Get a 7 day weather summary every morning, so can better plan day. Integrated with Google Fit, the #1 Android health platform, can now easily send daily effort, vitals and activities directly to Google Fit health, for integration with dozens of other health focused apps. With a long battery life of up to 10 days under normal usage conditions, charging is the last thing on mind. One can now wear watch day in and day out for accurate tracking. When its time to charge, watch will notify, and it only takes 25 minutes to bring it back up to full charge. Receive smart notifications from favorite apps on moto watch 70, silence apps that don don want to see, and enable favorite apps to notify on wrist. The moto watch 70 is an economical watch and is a must-have for visibility on your wellness journey. It comes in a sleek design and has multiple health and lifestyle features, hundreds of customizable watch faces and an impressive battery life - all at an amazing price point of $99.99 MSRP. Announcement • May 20
CE Brands Inc., Annual General Meeting, Jul 28, 2023 CE Brands Inc., Annual General Meeting, Jul 28, 2023. Reported Earnings • Mar 03
Third quarter 2023 earnings released: CA$0.24 loss per share (vs CA$0.11 loss in 3Q 2022) Third quarter 2023 results: CA$0.24 loss per share (further deteriorated from CA$0.11 loss in 3Q 2022). Revenue: CA$1.49m (flat on 3Q 2022). Net loss: CA$6.06m (loss widened 133% from 3Q 2022). Reported Earnings • Dec 01
Second quarter 2023 earnings released: CA$0.08 loss per share (vs CA$0.091 loss in 2Q 2022) Second quarter 2023 results: CA$0.08 loss per share. Revenue: CA$2.18m (up 56% from 2Q 2022). Net loss: CA$2.13m (loss widened 2.7% from 2Q 2022). Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Joanne Hruska is the most experienced director on the board, commencing their role in 2018. Independent Director Steve Smith was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Aug 27
Ce Brands Inc. Anticipates Launching an Additional Three New Smart Watch Products in Calendar Year 2022 CE Brands Inc. announced the following the launch of moto watch 100, which was announced in mid-November 2021, and the KODAK Infinio F882 Outdoor Security Camera (announced on January 20, 2022), the company anticipates launching an additional three new smart watch products in calendar year 2022. Reported Earnings • Aug 24
First quarter 2023 earnings released: CA$0.11 loss per share (vs CA$0.14 loss in 1Q 2022) First quarter 2023 results: CA$0.11 loss per share. Revenue: CA$2.39m (up 115% from 1Q 2022). Net loss: CA$2.79m (loss widened 3.8% from 1Q 2022). Announcement • Aug 18
CE Brands Appoints Khanjan Chhaya as Interim Chief Financial Officer CE Brands Inc. announce that it appointed Khanjan Chhaya (FCA) as its interim chief financial officer. Mr. Chhaya has served as the Financial Controller of CE Brand's wholly owned subsidiary eBuyNow eCommerce for 5 years and has been appointed interim Chief Financial Officer. Mr. Chhaya succeeds Kalvie Legat, who will continue as Executive Vice President, Head of Business Development. Reported Earnings • Jun 23
Full year 2022 earnings released: CA$0.46 loss per share (vs CA$0.17 loss in FY 2021) Full year 2022 results: CA$0.46 loss per share. Revenue: CA$6.90m (down 26% from FY 2021). Net loss: CA$10.3m (loss narrowed 26% from FY 2021). Board Change • Apr 27
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Chief Product Officer & Director Wing Wong is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 14
CE Brands Inc. announced that it expects to receive CAD 3 million in funding from Vesta Wealth Partners Ltd. CE Brands Inc. announced a private placement of senior secured convertible notes for gross proceeds of up to CAD 3,000,000 on April 13, 2022. The transaction will include participation from existing investor certain investment entities managed or advised by Vesta Wealth Partners Ltd. for an aggregate principal amount of CAD 1,000,000. The notes will bear interest at a rate of 15% per annum on outstanding principal amounts, payable on the first and second anniversary of the issue date, unless earlier redeemed or converted. Interest may be payable, at the option of the purchasers of the notes, either in cash or through the issuance of common shares of the company based on the then market price of the company’s common shares in accordance with the policies of the TSXV. The notes will mature on the second anniversary of the issue date. Prior to maturity, the notes are convertible into common shares, at the option of the holders, at a conversion price per share of CAD 1.50. The notes are not redeemable by the company prior to the first anniversary of the issue date. The company will also issue to the investors an aggregate of 1,500,000 common share purchase warrants. Each warrant shall have an exercise price of CAD 1 per share and being exercisable on or before the second anniversary of the issue date. The company will pay or issue to certain eligible finders a cash fee equal to 4% of the aggregate gross proceeds raised from an investor under the offering. The offering is subject to customary closing conditions, including the approval of the TSXV and the listing of the common shares underlying the notes and the warrants by the TSXV. The transaction is expected to close on or about April 25, 2022. Announcement • Apr 13
CE Brands Inc., Annual General Meeting, Jun 23, 2022 CE Brands Inc., Annual General Meeting, Jun 23, 2022. Reported Earnings • Feb 26
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: CA$0.11 loss per share (down from CA$0.043 loss in 3Q 2021). Revenue: CA$1.50m (down 50% from 3Q 2021). Net loss: CA$2.60m (loss narrowed 28% from 3Q 2021). Revenue was in line with analyst estimates. Announcement • Jan 22
CE Brands Announces Launch of KODAK Infinio F882 Outdoor Security Camera CE Brands Inc. reported that eBuyNow eCommerce Ltd. ("eBuyNow"), a wholly-owned subsidiary of CE Brands and strategic brand partner of Kodak Eastman Company ("Kodak"), has launched the KODAK Infinio F882 Outdoor Security Camera. The KODAK Infinio F882 is the fifth product developed by eBuyNow under the KODAK Smart Home brand, which includes Baby Monitors, Air Purifiers and Security Cameras. Key Features of the KODAK Infinio F882 Long life battery with more than 90 days of passive monitoring on a single charge. Simple wire-free set up takes less than five minutes to install. Full-HD resolution at 1920 x 1080 pixels and 120° wide-angle lens. Best-in-class night vision with a range of 25 feet and motion detection range of 30 feet. 8GB of storage within the base station for a secure and safe backup of data. 256-bit encryption ensures data remains safe and secure. 2-way audio allows to communicate from anywhere. Seamlessly connect to the KODAK Smart Home App with smart notifications delivered straight to smartphone. The launch of the KODAK Infinio F882 Security Camera follows the previous launch of the moto watch 100, which was announced in mid-November 2021, and the Infinio F882 is the second of five new products anticipated to be launched in the first half of 2022, including an additional mid-level smart watch, a compact home air purifier and outdoor security video doorbell. Reported Earnings • Nov 27
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: CA$0.091 loss per share (up from CA$0.29 loss in 2Q 2021). Revenue: CA$1.40m (down 42% from 2Q 2021). Net loss: CA$2.07m (loss narrowed 53% from 2Q 2021). Revenue was in line with analyst estimates. Announcement • Nov 27
CE Brands Inc. Provides Revenue Guidance for the Three-Month Period Ending March 31, 2022 and Full Year 2022 CE Brands Inc. provided revenue guidance for the three-month period ending March 31, 2022 and full year 2022. The company continued to expect to generate approximately $8 million to $9 million in revenues for the three-month period ending March 31, 2022, primarily driven by the initial sales of the Motorola moto watch 100 and the Kodak Infinio F882 Outdoor Security Monitor.With the additional products planned to launch in early 2022, the company continues to expect to generate revenue for calendar year 2022 in the $50-60 million range. Reported Earnings • Aug 04
Full year 2021 earnings released: CA$0.16 loss per share (vs CA$0.14 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: CA$9.27m (up 27% from FY 2020). Net loss: CA$14.0m (loss widened 34% from FY 2020).