Ambari Brands Inc. Receives Request from OTC Markets Group

Ambari Brands Inc. ('Ambari' or the 'Company') (CSE: AMB, OTCQB:AMBBF, FRA:Y92) announces ‎that it has been requested by OTC Markets Group to provide additional information regarding its financial statements and disclosures. This request comes as part of the regular review process conducted by OTC Markets Group to ensure compliance with their listing standards. Ambari is currently working on providing the requested information and expects to fulfill the requirements in a timely manner.

The Company is committed to maintaining transparency and meeting all regulatory obligations. Ambari will work closely with OTC Markets Group to address any concerns and provide the necessary documentation. The Company remains confident in its financial position and its ability to meet the listing standards of OTC Markets Group.

In other news, Ambari Brands Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the Company reported revenue of $5 million, representing a 10% increase compared to the same period last year. Gross profit margin improved by 5% to reach 40%. These positive financial results reflect the Company's strong market position and effective business strategies.

Ambari Brands shares are down 27% from a week ago, according to the latest data. However, investors should consider the broader context and the long-term potential of the company before making any investment decisions. Market fluctuations are common, and Ambari's recent performance does not necessarily reflect its future prospects.

Obesity treatments are gaining significant attention, leading to optimistic forecasts for weight loss drugs. Two pharmaceutical stocks are particularly well-positioned to benefit from this trend. As the global manufacturing sector undergoes a transformation, companies are reevaluating their outsourcing practices. Traditional methods of outsourcing production overseas without considering environmental and social implications are no longer sustainable.

Ambari Brands Inc., headquartered in Vancouver, British Columbia, is a leading player in the manufacturing sector. The Company focuses on sustainable practices and responsible production methods. By prioritizing environmental and social factors, Ambari Brands aligns its operations with the evolving demands of consumers and regulators.