Bruush Oral Care Inc. Stock Price, News & Analysis

Bruush Oral Care Inc. (NASDAQ:BRSH) has appointed Mandeek Manhas as its new Chief Financial Officer, effective immediately. Mr. Manhas brings over 17 years of extensive finance and accounting experience from leadership roles in real estate and mining companies, along with significant audit experience with major firms. His appointment aims to enhance financial operations and support the company's growth objectives during its critical first year as a public company. Bruush, founded in 2018, aims to disrupt the oral care market by offering premium products at affordable prices and plans to launch additional subscription-based products in mid-2023.

Bruush Oral Care Inc. (NASDAQ:BRSH) announced plans to launch a new line of oral care products in June 2023, including toothpaste, mouthwash, dental floss, and a whitening pen, which together represent over 95% of the at-home consumable oral care market.

The introduction of these products aims to enhance customer experience by improving oral health, leveraging the success of Bruush's existing electric toothbrush and subscription model. Over 38,000 active subscriptions currently exist, with 85% of users indicating interest in the new consumables. This expansion could increase average order values and promote recurring revenue.

Gravitas II Capital Corp. and Parvis Invest Inc. have received conditional approval from the TSX Venture Exchange for their proposed business combination, set to close on March 3, 2023. Following the transaction, which includes a share consolidation (1:2.49) and a name change to Parvis Invest Inc., the common shares of the resulting issuer will begin trading under the symbol 'PVIS' around March 10, 2023. The amalgamation will form a Tier 2 Technology issuer, with Parvis becoming a wholly-owned subsidiary. Gravitas II shareholders will receive approximately 9.5 million shares, while Parvis shareholders will hold about 17.3 million shares in the new entity.

Bruush Oral Care Inc. (NASDAQ:BRSH) announced that its Founder & CEO, Aneil Manhas, along with COO Alan MacNevin, will present at the Gravitas 6th Annual Growth Conference on March 2, 2023, at 9:00 AM PST. Additionally, MacNevin will participate in a panel discussion at 12:00 PM PST. The conference will be held at the Fairmont Pacific Rim Hotel in Vancouver, BC, featuring industry leaders and investors. Bruush aims to enhance oral health access through e-commerce, offering an electric toothbrush kit and a subscription service for brush head refills. Upcoming product launches in Q2 2023 will include toothpaste, mouthwash, and more.

Bruush Oral Care Inc. (NASDAQ:BRSH) announced its participation in a one-day sales campaign on Today's Shopping Choice (TSC) on December 16, 2022. This marks Bruush's second appearance on TSC, which reaches over 7 million households. The campaign aims to broaden its audience during the holiday season, featuring new seasonal colors of its electric toothbrush. Bruush reported record sales in November, achieving 50% year-over-year growth, and expects continued momentum into December. The company also completed a $3 million private placement for growth initiatives.

Aegis Capital Corp. has successfully acted as the Exclusive Placement Agent for a $3.0 Million Private Placement for Bruush Oral Care Inc. (NASDAQ: BRSH), emphasizing the company's plans for growth and innovation in the oral care industry.

Founded in 2018, Bruush aims to enhance access to premium oral care products, featuring a competitive electric toothbrush and a subscription service for brush head refills. Looking ahead, Bruush plans to introduce new subscription-based products in 2023, targeting millennials and Generation Z consumers.

Bruush Oral Care Inc. (NASDAQ:BRSH) has completed a private placement, raising approximately $3.0 million from institutional investors. The company issued 4,916,668 units at a price of $0.60 per unit, which includes shares of common stock and non-tradable warrants. Each warrant is exercisable at the same price for the next 5.5 years. The funds will assist in expanding Bruush's product line and elevating its position in the oral care market. Aegis Capital Corp. acted as the Exclusive Placement Agent for the offering.

Bruush Oral Care Inc. announced a securities purchase agreement with institutional investors yielding $3.0 million in gross proceeds. The company will issue 4,916,667 units at $0.60 per unit, each unit comprising one share of common stock and one non-tradable warrant. The offering is expected to close around December 9, 2022. The securities are offered in a private placement and must be registered under SEC regulations. Bruush aims to enhance oral care access with more affordable products and plans to launch new subscription-based items in the near future.