TRUBAR Inc. Finalizes Severance Payment to Former CFO

Simply Better Brands ( (TSE:TRBR) ) has shared an update.

TRUBAR Inc. has completed a one-time severance payment to its former CFO, Brian Meadows, amounting to CAD$100,000. This payment was made through the issuance of 98,075 common shares at CAD$0.81 per share, outside of the company’s equity incentive plan. The severance shares are subject to a statutory hold period and reflect the company’s adherence to TSXV Policy 4.4. This move may impact TRUBAR’s financial structuring and stakeholder relations, as it signifies a strategic decision in managing executive transitions.

The most recent analyst rating on (TSE:TRBR) stock is a Buy with a C$1.75 price target. To see the full list of analyst forecasts on Simply Better Brands stock, see the TSE:TRBR Stock Forecast page.

Spark’s Take on TSE:TRBR Stock

According to Spark, TipRanks’ AI Analyst, TSE:TRBR is a Neutral.

The overall stock score reflects a blend of financial instability and strategic growth initiatives. Financial challenges are significant, but recent corporate events and technical indicators suggest potential for improvement. Valuation concerns persist due to ongoing losses and lack of dividends.

To see Spark’s full report on TSE:TRBR stock, click here.

More about Simply Better Brands

TRUBAR Inc. is a better-for-you snacking company that specializes in high-quality, plant-based protein products. The company focuses on delivering snacks with exceptional taste made from clean, recognizable ingredients. TRUBAR’s products are distributed through national retailers, club stores, and e-commerce platforms across North America, with plans to expand into select international markets.

Average Trading Volume: 332,739

Technical Sentiment Signal: Buy

Current Market Cap: C$96.75M

Find detailed analytics on TRBR stock on TipRanks’ Stock Analysis page.