Better Choice Company Announces Formation of Special Committee to Evaluate M&A and Asset Monetization
07 August 2024 - 2:05PM
Better Choice Company Inc. (NYSE American: BTTR) (“Better Choice”
or “the Company”), a pet health and wellness company, today
announced that its Board of Directors has formed a special
committee consisting of Lionel Conacher, John Word III and Michael
Young.
The committee’s mandate will be to evaluate all
and any M&A and asset monetization opportunities, including
joint ventures, acquisitions, dispositions, and may re-engage
certain candidates previously expressing an interest in having
discussions with the Company.
According to Mr. Young, Chairman of the Company,
“The termination of the right of first refusal held by Alphia Inc,
as part of the previously announced litigation settlement has
alleviated one of the major roadblocks to the Company’s pursuit of
a corporate transaction in the best interest of our
shareholders.”
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 brand, which is 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 Statements
This 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.Kent Cunningham, CEO
Investor Contact:
KCSA Strategic CommunicationsValter Pinto, Managing DirectorT:
212-896-1254Valter@KCSA.com
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