Better Choice Company Announces Strategic Alternatives After Receiving Multiple Unsolicited Expressions of Interest for the Halo Pet Brand
13 Mars 2023 - 02:25PM
GlobeNewswire Inc.
Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or
“Better Choice”), a pet health and wellness company, today
announced that it has received expressions of interest for its line
of Halo branded pet products. The Company will conduct a strategic
alternatives review process to evaluate a sale of the company,
merger, divestiture of assets, private placement of securities, or
other strategic transactions such as entering into other industries
or revenue verticals outside of the pet space.
Lionel Conacher, Interim CEO of Better Choice, commented, “The
goal of this strategic evaluation process is to ensure that we are
exploring a range of possible options that have been presented to
the company to maximize value for our shareholders.”
There can be no assurance that this process will result in any
such transaction, and the Company does not intend to disclose
additional details unless and until it has entered into a specific
transaction.
About Better Choice Company, Inc.Better Choice
Company Inc. is a pet health and wellness company focused on
providing pet products and services that help dogs and cats live
healthier, happier and longer lives. We offer a broad portfolio of
pet health and wellness products for dogs and cats sold under our
Halo brand across multiple forms, including foods, treats, toppers,
dental products, chews, and supplements. We have a demonstrated,
multi-decade track record of success and are well positioned to
benefit from the mainstream trends of growing pet humanization and
consumer focus on health and wellness. Our products consist of
kibble and canned dog and cat food, freeze-dried raw dog food and
treats, vegan dog food and treats, oral care products and
supplements. Halo’s core products are made with high-quality,
thoughtfully sourced ingredients for natural, science-based
nutrition. Each innovative recipe is formulated with leading
veterinary and nutrition experts to deliver optimal health. 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.Lionel F. Conacher, Interim CEO
Investor Contact:KCSA Strategic
CommunicationsValter Pinto, Managing DirectorT:
212-896-1254Valter@KCSA.com
Better Choice (AMEX:BTTR)
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