GURU Organic Energy Appoints Rajaa Grar as Chief Revenue Officer
March 01 2023 - 6:30AM
GURU Organic Energy Corp. (TSX: GURU) (“
GURU” or
the “
Company”), Canada’s leading organic energy
drink brand, is pleased to announce the appointment of Rajaa Grar
as Chief Revenue Officer for the Company, effective immediately.
Rajaa Grar is an award-winning brand marketing
and digital global leader with close to 20 years of experience.
From July 2020 until August 2022, she was Chief Marketing and
Digital Officer at Nutrabolt, owner of C4 Energy, where she
successfully refocused the company’s marketing efforts, resulting
in doubling the company’s digital and total revenue over a two-year
period. Ms. Grar also served as Head of Global Brand Marketing
at Paula’s Choice Skincare (acquired by Unilever in 2020) where she
oversaw social, influencer, digital content and omnichannel sales,
led a complete creative rebrand and transformed the 25-year
skincare brand into a social media darling, propelling its brand
buzz and awareness with young millennials and Gen-Z consumers. Ms.
Grar has extensive marketing experience building many of today’s
most popular CPG and retailer brands, including Amazon, Starbucks,
and Coors Light.
Ms. Grar holds a Master of Business
Administration from Northwestern University – Kellogg School of
Management, a Bachelor of Arts from McGill University in Marketing
and International Business, and a Bachelor of Science in
Microbiology from the University of Montreal.
“We are thrilled that Rajaa has agreed to join
the GURU team,” said Carl Goyette, President and CEO of GURU. “Her
achievements as CMO and Chief Digital Officer fit perfectly with
what we were looking for to grow our brand and revenue streams in
Canada and the U.S. The timing of her appointment could not be
better as we enter a pivotal year where marketing and digital will
be key to our ongoing brand awareness and revenue generation
activities in Canada. In addition, her extensive knowledge of the
U.S. energy drink market is a huge asset and could lead us to
accelerate the timeline of our growth initiatives in the $18+
billion U.S. market.”
“GURU has all the ingredients it needs to
succeed in this competitive but large and growing market – a truly
clean, functional, organic energy drink brand with untapped
potential in Canada and the U.S. where health and wellness consumer
trends are ever growing, a strong management team, a premium
distribution partner and a solid balance sheet,” said Rajaa Grar,
Chief Revenue Officer of GURU. “Its success so far in Quebec and in
California natural food stores is a strong indicator of what we
will be able to achieve in North America. I am eager to jump in and
help make it happen.”
About GURU ProductsAll GURU
energy drinks are plant-based, high in natural caffeine, free of
artificial sweeteners, artificial colours and flavours, and have no
preservatives. In addition, all drinks are organic, vegan and
gluten free – and the best thing is their amazing taste.
About GURUGURU Organic Energy
Corp. (TSX: GURU) is a dynamic, fast-growing beverage company
launched in 1999, when it pioneered the world’s first natural,
plant-based energy drink. The Company markets organic energy drinks
in Canada and the United States through an estimated distribution
network of over 25,000 points of sale, and through guruenergy.com
and Amazon. GURU has built an inspiring brand with a clean list of
organic plant-based ingredients. Its drinks offer consumers good
energy that never comes at the expense of their health. The Company
is committed to achieving its mission of cleaning the energy drink
industry in Canada and the United States. For more information, go
to www.guruenergy.com or follow us @guruenergydrink on Instagram
and @guruenergy on Facebook.
For further information, please
contact:
GURU Organic EnergyInvestorsCarl
Goyette, President and CEOIngy Sarraf, Chief Financial
Officer514-845-4878investors@guruenergy.com |
MediaLyla RadmanovichPELICAN
PR514-845-8763media@rppelican.ca |
Forward-Looking StatementsThis
press release contains “forward-looking statements” within the
meaning of applicable Canadian securities legislation. Such
forward-looking statements include, but is not limited to,
information with respect to our objectives and the strategies to
achieve these objectives, as well as information with respect to
our beliefs, plans, expectations, anticipations, estimates and
intentions. These forward-looking statements are identified by the
use of terms and phrases such as “may”, “would”, “should”, “could”,
“expect”, “intend”, “estimate”, “anticipate”, “plan”, “believe”, or
“continue”, the negative of these terms and similar terminology,
including references to assumptions, although not all
forward-looking statements contain these terms and phrases.
Forward-looking statements are provided for the purposes of
assisting the reader in understanding the Company and its business,
operations, prospects and risks at a point in time in the context
of historical and possible future developments and therefore the
reader is cautioned that such statements may not be appropriate for
other purposes. Forward-looking statements are based upon a number
of assumptions and are subject to a number of risks and
uncertainties, many of which are beyond our control, which could
cause actual results to differ materially from those that are
disclosed in or implied by such forward-looking statements. These
risks and uncertainties include, but are not limited to, the
following risk factors, which are discussed in greater detail under
the “RISK FACTORS” section of the annual information form for the
year ended October 31, 2022: management of growth; reliance on key
personnel; reliance on key customers; changes in consumer
preferences; significant changes in government regulation;
criticism of energy drink products and/or the energy drink market;
economic downturn and continued uncertainty in the financial
markets and other adverse changes in general economic or political
conditions, as well as the COVID-19 pandemic, the war in Ukraine
and geopolitical developments, global inflationary pressure or
other major macroeconomic phenomena; global or regional
catastrophic events; fluctuations in foreign currency exchange
rates; inflation; revenues derived entirely from energy drinks;
increased competition; relationships with co-packers and
distributors and/or their ability to manufacture and/or distribute
GURU’s products; demand for GURU’s product is somewhat seasonal;
relationships with existing customers; changing retail landscape;
increases in costs and/or shortages of raw materials and/or
ingredients and/or fuel and/or costs of co-packing; failure to
accurately estimate demand for its products; history of negative
cash flow and no assurance of continued profitability or positive
EBITDA; repurchase of common shares; intellectual property rights;
maintenance of brand image or product quality; retention of the
full-time services of senior management; climate change;
litigation; information technology systems; fluctuation of
quarterly operating results; risks associated with the PepsiCo
distribution agreement; accounting treatment of the PepsiCo
Warrants; and conflicts of interest, as well as those other risks
factors identified in other materials we have made public,
including those filed with Canadian securities regulatory
authorities from time to time and which are available on SEDAR at
www.sedar.com. Additional risks and uncertainties not currently
known to us or that we currently deem to be immaterial could also
cause actual results to differ materially from those that are
disclosed in or implied by such forward-looking statements.
Although the forward-looking statements contained herein is based
upon what we believe are reasonable assumptions as at the date they
were made, investors are cautioned against placing undue reliance
on these statements since actual results may vary from the
forward-looking statements. Certain assumptions were made in
preparing the forward-looking statements concerning availability of
capital resources, business performance, market conditions, and
customer demand. Consequently, all of the forward-looking
statements contained herein is qualified by the foregoing
cautionary statements, and there can be no guarantee that the
results or developments that we anticipate will be realized or,
even if substantially realized, that they will have the expected
consequences or effects on our business, financial condition or
results of operation. Unless otherwise noted or the context
otherwise indicates, the forward-looking statements contained
herein are provided as of the date hereof, and we do not undertake
to update or amend such forward-looking statements whether as a
result of new information, future events or otherwise, except as
may be required by applicable law.
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