Better Choice Co

Better Choice Co., Inc. is an animal health and wellness company. The firm sells dog food, cat food, and treats under the Halo and TruDog brands, which are focused on providing sustainably sourced kibble and canned food derived from real whole meat, and minimally processed raw-diet dog food. Its brands include Trucut, Bona Vida, Orapup, Rawgo, and TruDog. The company was founded on January 3, 2001 and is headquartered in Tampa, FL.

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Better Choice Co excels in Q2 2024, eyes profitability and growth

Better Choice Co's Q2 2024 performance reflects a resilient financial position, operational efficiency, and strategic initiatives driving growth. While challenges persist in achieving positive adjusted EBITDA, the company's focus on profitability, debt reduction, and confidence in future goals present promising opportunities for investors.

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Bona Vida CBD Dog and Cat treats remains a wholly-owned subsidiary of Better Choice Bona Vida CBD Dog and Cat treats remains a wholly-owned subsidiary of Better Choice

Better Choice is Encouraged by the Potential DEA Reclassification of Marijuana

NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, announced today that it received a notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) dated April 24, 2024, notifying the Company that it is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. Section 1003(a)(iii) requires a listed company to have stockholders' equity of $6 million or more if the listed company has reported losses from continuing operations and/or net losses in its five most recent fiscal years. The Company reported a stockholders' equity of $3.0 million as of December 31, 2023, and losses from continuing operations and/or net losses in three out of its four most recent fiscal years ended December 31, 2023.

Better Choice Company Announces Notification of Noncompliance with Additional NYSE American Continued Listing Standards

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, announces that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to $5 million of the currently outstanding shares of the Company's common stock, until December 31, 2024.

Better Choice Company Board of Directors Authorize Stock Repurchase Program

Gross Margin Improved 300 basis points to 31% Year-Over-Year Adjusted EBITDA Grew 30% Year-Over-Year EPS Grew 45% Year-Over-Year TAMPA, Fla., April 12, 2024 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, today reported its financial results for the fourth quarter and year ended December 31, 2023.

Better Choice Company, Inc. Announces Fourth Quarter and Full Year 2023 Results

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. “After several unsuccessful attempts to communicate with both Winston Song of PAI Partners and David McLain, the CEO of Alphia, and given the significant burden imposed upon Better Choice by Alphia's refusal to close the transaction, Better Choice had no viable option other than to pursue legal action to enforce the terms of the ROFR, as well as all of its rights,” stated Better Choice Chairman, Michael Young. The claim has been filed in the Circuit Court of the 13th Judicial Circuit in and for Hillsborough County, Florida.

Better Choice Company Initiates Legal Action Against Alphia, a Portfolio Company of Private Equity Firm PAI

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.

Better Choice Company To Effectuate a Reverse Stock Split

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.

Better Choice to Explore Non-Equity Related Capital Solutions to Fund the R&D of its Domestic Animal Targeted GLP1 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'). 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.

Better Choice Acquires Aimia Pet Healthco to Enter the GLP1 Pet Market

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TAMPA, Fla., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, today announced its research partner, Aimia Pet HealthCo. Inc. (APH), has signed a memorandum of understanding (MOU) with KGK Science Inc. (KGK) for the development of a GLP1 supplement for pets.

Better Choice Research Partner, Aimia Pet HealthCo Inc., Signs Second R&D Partnership Agreement with KGK Science for Development of GLP1 Supplement for Pets

Third Quarter 2023 Revenue Grew 11% Year-Over-Year to $13.1 million Adjusted EBITDA Growth of 95% Year-Over-Year EPS Growth of 77% Year-Over-Year

BETTER CHOICE COMPANY, INC. ANNOUNCES THIRD QUARTER 2023 RESULTS

Better Choice Company, Inc. Announces Third Quarter 2023 Results

TAMPA, Fla., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, and its research partner, Aimia Pet HealthCo Inc. (APH), today announced that APH has signed a memorandum of understanding (MOU) with Dr. Nadia Crosignani for the development of a GLP1 supplement for pets. The MOU sets out the basis for Dr. Crosignani to commence research and development of a GLP1 supplement for use in companion animals. Combining a GLP1 supplement with Better Choices' Halo branded toppers or treats for dogs and cats to treat obesity and other health issues associated with overweight pets is an area of growing interest as more than half of dogs and cats worldwide are classified as overweight or obese.

Better Choice Research Partner, Aimia Pet HealthCo Inc., Signs R&D Partnership Agreement for Development of GLP1 Supplement for Pets

TAMPA, Fla., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced it has signed a research and development partnership with Aimia Pet Health to develop a GLP1 supplement for overweight pets under its Halo brand.

Better Choice Announces Partnership with Aimia Pet Health to Develop a GLP1 Supplement for its Halo Brand to Combat Obesity in Dogs and Cats

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”).

Better Choice Company Receives NYSE American Notice

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.

Better Choice Company Exploring Opportunities for its Bona Vida CBD Brand

Enhanced Operational and Financial Discipline 33% Growth in EPS Year-Over-Year Gross Margin Growth of 543 Basis Points Year-Over-Year Operating Margin Growth of 127 Basis Points Year-Over-Year

Better Choice Company, Inc. Announces Second Quarter 2023 Results

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.

Better Choice Company Makes Its Interim CFO Permanent

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 & Better Choice Announce Long Term Strategic Manufacturing Partnership

The investment will restructure company debt, supporting sustainable, long-term business growth The investment will restructure company debt, supporting sustainable, long-term business growth

Better Choice Announces Strategic Investment from Alphia of $5 Million, Establishes Multi-Year Manufacturing Partnership

NEW YORK, June 06, 2023 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced usage of Augmented Reality (AR) and Artificial Intelligence (AI) technology to revolutionize how consumers interact with its products.

Better Choice Company Announces Usage of Augmented Reality (AR) and Artificial Intelligence (AI) Tools to Enhance Consumer Experience and Drive Business Growth

Better Choice (NYSEMKT: BTTR ) stock is rising higher on Friday after the company announced the introduction of an AI chatbot. Better Choice says that it will implement the Re:Amaze AI chatbot on its site to help its customers with purchases.

Why Is Better Choice (BTTR) Stock Up 27% Today?

Better Choice will use RE:Amaze beta AI chat bot to assist in customer retention of its Halo Brand Better Choice will use RE:Amaze beta AI chat bot to assist in customer retention of its Halo Brand

Better Choice Announces Implementation of Re:Amaze AI Beta Chat Bot, a GoDaddy Brand

NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, is proud to announce the success of its new Halo Elevate product line, achieving an increase of 15.6% point-of-sales (‘POS') growth at Petco in the most recent 12 weeks compared to the prior 12 weeks of 2022. Petco's comparable sales growth was 5% year-over-year in Q4 2022, indicating that Halo Elevate is outpacing Petco's retail growth. In addition, Halo Elevate achieved 9.3% growth in the total Pet Specialty channel year-to-date vs. the last 12 weeks of 2022.

News for Better Choice Co Stock (BTTR)