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Building Value with Immediate, Accretive Revenue and Cash Flow
“Forbidden Spirits selects its acquisitions based on anticipated ease of operational integration and continued sales and EBITDA growth rates for the forecastable immediate three-year period ahead,” explains
Wilson says, “Niagara brings with it a skilled management and operational team who will be heavily incentivized going forward to allow them to build upon the
Upon completion of the Proposed Transaction, the Company anticipates investing an additional
Mr.
Definitive Agreement
Completion of the Proposed Transaction is subject to a number of conditions, including, but not limited to: (i) the entering into of a definitive agreement by
If the Proposed Transaction is completed, the Company anticipates acquiring approximately
About
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REBEL Vodka
Eve’s Original Gin,
Adam’s Apple Brandy,
Forbidden Fire,
Forbidden Spirits Vodka, and
Wallace Hill Whisky.
Additional information with respect to
About Niagara Falls Craft Distillers:
ON BEHALF OF THE BOARD OF DIRECTORS:
Chairman and CEO
Email: blair@forbiddenspirits.ca
Phone: (250) 317-0996
Non-IFRS Measures
The Company uses non-IFRS measures to assess its operating performance. Securities regulations require that companies caution readers that earnings and other measures adjusted to a basis other than IFRS do not have standardized meanings and are unlikely to be comparable to similar measures used by other companies. Accordingly, they should not be considered in isolation. The Company uses EBITDA as a measure of operating performance. Therefore, EBITDA may not be comparable to similar measures presented by other issuers. EBITDA is calculated based on results from operating activities adjusted for depreciation of property and equipment and right-of-use assets, and acquisition related restructuring costs. Management uses EBITDA to evaluate operating performance as it excludes amortization of software and intangibles (which is an accounting allocation of the cost of software and intangible assets arising on acquisition), any impact of finance and tax related activities, asset depreciation, foreign exchange gains and losses, other income and restructuring costs primarily related to acquisitions.
Forward-Looking Information
This press release contains forward-looking statements and information based on the beliefs of management and reflects the Company’s current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on a number of assumptions including, but not limited to the economy generally; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals;consumer interest in the services and products of the Company; financing; competition; and anticipated and unanticipated costs. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Neither the
1 EBITDA is a non-IFRS measure as described in the Non-IFRS Measures section of this news release
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Copyright (c) 2022 TheNewswire - All rights reserved., source