- GURU Organic Energy (GURU) has announced its intention to make a normal course issuer bid
- Between July 25, 2022, and July 24, 2023, the company may purchase up to 500,000 shares
- Daily purchases will be limited to 2,860 shares
- GURU Organic Energy Corp. (GURU) is a fast-growing beverage company
- GURU Organic Energy Corp. (GURU) opened trading at C$8.15
GURU Organic Energy (GURU) has announced its intention to make a normal course issuer bid.
Between July 25, 2022, and July 24, 2023, the company may purchase up to 500,000 shares, representing approximately 1.5 per cent of the 32,341,126 shares outstanding.
All shares purchased under the NCIB will be cancelled.
Daily purchases under the NCIB will be limited to 2,860 shares.
GURU believes that at times, the market price of its shares may not reflect their full value, and their repurchase in this context represents an appropriate and desirable use of company capital.
GURU may from time to time repurchase shares under an automatic share purchase plan it may enter into with a broker in the future.
GURU has not repurchased Shares under a NCIB in the last twelve months.
GURU Organic Energy Corp. (GURU) is a fast-growing beverage company. The company markets organic energy drinks in Canada and the United States through a distribution network estimated at over 25,000 points of sale, online, and through Amazon.
GURU Organic Energy Corp. (GURU) opened trading at C$8.15.