Guru Organic Energy announces share repurchase program to increase market share and achieve growth

From GlobeNewswire: 2024-07-23 07:30:00

Guru Organic Energy Corp. (TSX: GURU) announces a normal course issuer bid (NCIB) to repurchase up to 1,515,778 common shares over the next 12 months. The bid represents approximately 5% of the outstanding 30,315,564 shares as of July 15, 2024. The average daily trading volume of shares on the TSX over the past six months is 7,027. Guru aims to increase market share and achieve long-term growth through the repurchase program, which allows for the cancellation of bought shares.

Guru Organic Energy Corp. is the first company to launch a natural plant-based energy drink in 1999, focusing on organic ingredients like natural caffeine without artificial sweeteners. The company has gained popularity in Canada and the US with its unique blends, distributed through various channels and online platforms. With a commitment to delivering natural energy that promotes health, Guru aims to revolutionize the energy drink industry. Investors and media can reach out for further information on the company’s strategic approach and growth prospects.



Read more at GlobeNewswire: GURU Organic Energy annonce le renouvellement de son offre