CENTR Brands Corp (OTCMKTS:CNTRF) Stock Jumps 8% IN a Month: Here is Why

CENTR Brands Corp (OTCMKTS:CNTRF) is up 8% in a month. The leading beverage company in North America has announced that its effervescent, low-calorie CBD beverages, including CENTR and CENTR Sugar-Free, are now available at Oliver’s Market in Sonoma County.

Market Stats

On Wednesday, CNTRF stock ended flat at $0.7450 with more than 1k shares, compared to its average volume of 3.5K shares. The stock has moved within a range of $ 0.7450 – 0.7450 after opening trading at $0.7450.

CENTR Continues Retail Chain Expansion with Addition of Oliver’s Market

Oliver’s Market is a four-location employee-owned, private gourmet grocer that has been servicing Sonoma County since 1988. They provide clients with the best range of natural, traditional, and specialized products, as well as a commitment to helping the community via dozens of local partners, such as farmers and food, drinks, and wellness product makers. Since 2000, the North Bay Bohemian readers have voted it “Best Grocery Store.”

Notably, the announcement strengthens the company’s market status as the most extensively marketed, retailer-leaning CBD drink in the US. CENTR CFODavid Young said that they are delighted to continue expanding at retail outlets, emphasizing health, wellness, and community. He added that the company’s potential to meet customer preferences has massive potential. So, CNTRF is worth watching.

Key Quote

“We are excited by the continued growth at retail locations with a focus on community, health and wellness. CENTR understands that consumers are shifting toward healthier, low sugar, low calorie beverages like CENTR and supports the mission of these retailers,” said Company CFO David Young. “Our ability to meet consumer preferences in this market has explosive potential over the coming year,” Young added.

Traders Corner

CNTRF stock is trading above the 20-Day and 50-Day Moving averages of $0.7159 and $0.7349 respectively. Moreover, the stock is trading above the 10-Day moving average of $0.7275.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.