Better Choice Company Insiders Purchase 554,800 Common Shares As Part of Previously Announced Insider Purchase Program
18 Mai 2022 - 3:45PM
Better Choice Company Inc. (NYSE: BTTR) (the “Company” or “Better
Choice”), a pet health and wellness company, today announced that
certain members of its Board of Directors and Management team (the
“Insiders”) have purchased 554,800 common shares as part of the
insider purchase program previously announced on May 13, 2022. This
purchase, led by Executive Vice President of Sales Donald Young,
represents approximately 2% of Better Choice’s basic common shares
outstanding.
Michael Young, Chairman of the Board of Better Choice Company,
stated, “After a record first quarter, our management team and
board continue to align with shareholders by placing significant
personal capital into the business. We continue to believe in what
we are building and are here for the long term.”
In addition to the insider purchase program, the Board of
Directors also announced the authorization of a stock repurchase
program on May 12, 2022. Under the terms of this program, the
Company can repurchase up to $3.0 million of the currently
outstanding shares until December 31, 2022, using cash on hand.
This program allows the Company to opportunistically take advantage
of any adverse market volatility, as the Company is not obligated
to repurchase any particular number of shares or any shares in any
specific time period. To date no shares have been repurchased by
the Company under this program.
About Better Choice Company Inc.Better Choice
Company Inc. is a rapidly growing pet health and wellness company
committed to leading the industry shift toward pet products and
services that help dogs and cats live healthier, happier and longer
lives. We take an alternative, nutrition-based approach to pet
health relative to conventional dog and cat food offerings and
position our portfolio of brands to benefit from the mainstream
trends of growing pet humanization and consumer focus on health and
wellness. We have a demonstrated, multi-decade track record of
success selling trusted pet health and wellness products and
leverage our established digital footprint to provide pet parents
with the knowledge to make informed decisions about their pet’s
health. We sell the majority of our dog food, cat food and treats
under the Halo and TruDog brands, which are focused, respectively,
on providing sustainably sourced kibble and canned food derived
from real whole meat, and minimally processed raw-diet dog food and
treats. For more information, please visit
https://www.betterchoicecompany.com.
Forward Looking StatementsThis press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The words
“believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “could,” “target,” “potential,” “is likely,”
“will,” “expect” and similar expressions, as they relate to us, are
intended to identify forward-looking statements. The Company has
based these forward-looking statements largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy and financial needs. Some or all
of the results anticipated by these forward-looking statements may
not be achieved. Further information on the Company’s risk factors
is contained in our filings with the SEC. Any forward-looking
statement made by us herein speaks only as of the date on which it
is made. Factors or events that could cause our actual results to
differ may emerge from time to time, and it is not possible for us
to predict all of them. The Company undertakes no obligation to
publicly update any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as may
be required by law.
Company Contact:Better Choice Company Inc.Scott
Lerner, CEO
Investor Contact:KCSA Strategic
CommunicationsValter Pinto, Managing DirectorT:
212-896-1254Valter@KCSA.com
Better Choice (AMEX:BTTR)
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