Associated tags: Knowledge, Health, Dog, TobyMac, Parent, Halo, Cat, Food, NYSE, Better Choice Parking, Pet
Locations: TAMPA, FL, US, FLORIDA
NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, initiated a legal action to enforce a right of first refusal (“ROFR”) option exercised by Alphia, Inc. (“Alphia”) BL4424547, which is controlled by a Paris-based private equity firm, PAI Partners ( https://www.paipartners.com ).
Key Points:
- NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, initiated a legal action to enforce a right of first refusal (“ROFR”) option exercised by Alphia, Inc. (“Alphia”) BL4424547, which is controlled by a Paris-based private equity firm, PAI Partners ( https://www.paipartners.com ).
- Pursuant to the terms of a written agreement between Alphia and the Company, Alphia is obligated to acquire the assets of Halo, Purely for Pets, Inc., a wholly owned subsidiary of Better Choice.
- Better Choice seeks to compel the closing of the asset sale and, in the alternative, monetary damages in excess of $19 million caused by Alphia for its misconduct in connection with the ROFR.
- The claim has been filed in the Circuit Court of the 13th Judicial Circuit in and for Hillsborough County, Florida.
TAMPA, Fla., March 08, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, announced today that it will proceed with a 1-for-44 reverse stock split (the “Reverse Split”) of its issued and outstanding shares of common stock, par value $0.001, following authorization by its Board of Directors and majority shareholders to effect a reverse stock split by a ratio of not less than 1-for-25 and not more than 1-for-45 (the “Reverse Split Range”), at any time on or before March 31, 2024, with the Board having the discretion as to whether or not the Reverse Split is to be effected, and the exact ratio to be set at a whole number within the Reverse Split Range.
Key Points:
- TAMPA, Fla., March 08, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, announced today that it will proceed with a 1-for-44 reverse stock split (the “Reverse Split”) of its issued and outstanding shares of common stock, par value $0.001, following authorization by its Board of Directors and majority shareholders to effect a reverse stock split by a ratio of not less than 1-for-25 and not more than 1-for-45 (the “Reverse Split Range”), at any time on or before March 31, 2024, with the Board having the discretion as to whether or not the Reverse Split is to be effected, and the exact ratio to be set at a whole number within the Reverse Split Range.
- The Reverse Split will be effective on March 20, 2024 and will begin trading on a post-split basis at the market open on March 21, 2024.
- The Company will issue one whole share of common stock to any stockholder who would have been entitled to receive a fractional share of common stock due to the Reverse Split.
- Each holder of common stock will hold the same percentage of the outstanding common stock immediately following the Reverse Split as that stockholder did immediately before the Reverse Split, except for adjustments due to the additional net share fraction that will need to be issued as a result of the treatment of fractional shares.
NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced that after successfully completing the acquisition of Aimia, the Company will explore and evaluate proposals to monetize and fund ownership in its R&D platform with the goal to bring in partners to participate in the evolution of a treat-based GLP1 supplement to combat obesity in dogs and cats.
Key Points:
- NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced that after successfully completing the acquisition of Aimia, the Company will explore and evaluate proposals to monetize and fund ownership in its R&D platform with the goal to bring in partners to participate in the evolution of a treat-based GLP1 supplement to combat obesity in dogs and cats.
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Dietary supplement NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced the acquisition of all the issued and outstanding common shares of Aimia Pet Healthco Inc. (‘Aimia’).
Key Points:
- NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced the acquisition of all the issued and outstanding common shares of Aimia Pet Healthco Inc. (‘Aimia’).
- Better Choice will now be in a position to manage the clinical trials internally in hopes to develop a supplement to support weight loss in domestic animals.
- More than half of all dogs and cats worldwide are classified as overweight or obese and can suffer from the same weight-related health complications as humans – including arthritis, diabetes, and high blood pressure.
- Following the successful creation by Pfizer of its Slentrol medication, Better Choice will work with Aimia to develop treats and toppers to safely combat pet obesity.
Retrieved on:
Monday, November 13, 2023
TAMPA, FLORIDA, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (“Better Choice” or the “Company”) (NYSE American: BTTR), a pet health and wellness company, today announced its results for the third quarter ended September 30, 2023 (“Q3 2023”).
Key Points:
- TAMPA, FLORIDA, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (“Better Choice” or the “Company”) (NYSE American: BTTR), a pet health and wellness company, today announced its results for the third quarter ended September 30, 2023 (“Q3 2023”).
- Revenue increased 24% from second quarter 2023, and 11% year-over-year (“YOY") to $13.1 million
1 Adjusted EBITDA is a non-GAAP measure.
- Better Choice generated $13.1 million in net sales over Q3 2023, with approximately 75% driven by its Halo Holistic® product line.
- Point-of-sale2 growth and strength of digital presence drove 24% revenue growth from the second quarter of 2023.
Retrieved on:
Wednesday, September 27, 2023
TAMPA, Fla., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, today announced that it received a Notice (the “Notice”) on September 21, 2023 from the NYSE American LLC (the “NYSE American”) stating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide (“Company Guide”).
Key Points:
- TAMPA, Fla., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, today announced that it received a Notice (the “Notice”) on September 21, 2023 from the NYSE American LLC (the “NYSE American”) stating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide (“Company Guide”).
- The Notice stated that because the Company’s common stock had been trading for a low price per share for a substantial period of time, the Company was not in compliance with Section 1003(f)(v) of the Company Guide.
- Additionally, the Notice does not result in the immediate delisting of the Company’s stock from the NYSE American.
- The Company is actively engaged in discussions with the NYSE American and is developing plans to regain compliance with the NYSE American’s continued listing standards within the time period indicated.
Retrieved on:
Tuesday, September 12, 2023
TAMPA, Fla., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, today announced it is evaluating the marketability of its Bona Vida CBD branded treats and toppers.
Key Points:
- TAMPA, Fla., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, today announced it is evaluating the marketability of its Bona Vida CBD branded treats and toppers.
- “With compound annual growth rate (CAGR) expected to be 30%+ through 2030 and signs that the regulatory environment is improving for CBD based treats and toppers, we think now is the time to reexamine the market opportunity for this segment of the market and our Bona Vida brand,” commented Mike Young, Chairman of the Board for Better Choice.
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Assurance NEW YORK, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced it has appointed Carolina (“Nina”) Martinez as Chief Financial Officer, giving its interim CFO the role on a permanent basis effective August 7, 2023.
Key Points:
- NEW YORK, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced it has appointed Carolina (“Nina”) Martinez as Chief Financial Officer, giving its interim CFO the role on a permanent basis effective August 7, 2023.
- Nina will lead the Company’s financial strategy and function, and will report directly to Kent Cunningham, Chief Executive Officer of Better Choice.
- “I am pleased to welcome Nina to the Better Choice executive management team,” said Cunningham.
- We are confident that Nina’s addition as the CFO is a pivotal step in the future growth of Better Choice,” commented Michael Young, Chairman of Better Choice.
DENVER, June 22, 2023 /PRNewswire/ -- Alphia, Inc. , the largest custom manufacturer of super-premium pet food in the U.S., announces a long term strategic manufacturing partnership with Better Choice Company (NYSE: BTTR), a pet health and wellness company.
Key Points:
- DENVER, June 22, 2023 /PRNewswire/ -- Alphia, Inc. , the largest custom manufacturer of super-premium pet food in the U.S., announces a long term strategic manufacturing partnership with Better Choice Company (NYSE: BTTR), a pet health and wellness company.
- Along with a $5M investment made by Alphia into Better Choice, Alphia will become the manufacturer for its premier brand, Halo, a high growth super-premium pet food brand found in pet specialty stores.
- Alphia announces a long term strategic manufacturing partnership with Better Choice Company (NYSE: BTTR)
"Solidifying a long-term manufacturing relationship with Better Choice is in line with Alphia's vision to nourish & protect pets every day, creating a lasting impact with brand partners that share our views on safe, high quality pet food" said David McLain, CEO of Alphia, "We respect the Halo™ brand, and look forward to fueling their growth to feed more pets."
- Michael Young, Chairman of Better Choice, commented, "With this strategic investment into Better Choice as well as a multi-year manufacturing partnership with leading premium pet manufacturer, Alphia™, Better Choice is in an excellent position to grow the Halo brand with a strong partner."
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Bottled water The investment will also eliminate the debt held by Better Choice’s subsidiary brand Halo, Purely for Pets, Inc., with Old Plank Trail Community Bank, N.A., an affiliate of Wintrust Bank, N.A.
Key Points:
- The investment will also eliminate the debt held by Better Choice’s subsidiary brand Halo, Purely for Pets, Inc., with Old Plank Trail Community Bank, N.A., an affiliate of Wintrust Bank, N.A.
- “We look forward to working with Alphia, leveraging their investment and deep knowledge of the pet food manufacturing marketplace,” said Michael Young, chairman of Better Choice.
- “Better Choice shares our values and mission to create high-quality, nutritional dog food and treats for family’s pets.
- This investment brings us closer to a strong brand that shares our values for the highest product quality and food safety,” commented Dave McLain, chief executive officer for Alphia.
