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Better Choice Company Inc. - $BTTR STOCK NEWS

Welcome to our dedicated page for Better Choice Company news (Ticker: $BTTR), a resource for investors and traders seeking the latest updates and insights on Better Choice Company stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Better Choice Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Better Choice Company's position in the market.

Rhea-AI Summary

Better Choice Company (NYSE: BTTR) is encouraged by the potential DEA reclassification of marijuana. The company's subsidiary, Bona Vida CBD Dog and Cat treats, remains a significant asset with promising benefits. Chairman Michael Young is optimistic about the evolving regulatory environment in the cannabis industry.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.38%
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none
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Rhea-AI Summary

Better Choice Company Inc., a pet health and wellness company listed on NYSE American under the symbol BTTR, received a notice of noncompliance with NYSE American listing standards due to insufficient stockholders' equity and recurring losses. The company must submit a compliance plan by May 24, 2024, to address the deficiencies and risks potential delisting if not resolved by October 24, 2025.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.92%
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none
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Rhea-AI Summary
Better Choice Company Inc. announces a stock repurchase program authorizing the repurchase of up to $5 million of its common stock until December 31, 2024. The program allows for repurchases through various methods, with decisions based on market conditions and financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.53%
Tags
buyback management
Rhea-AI Summary
Better Choice Company, Inc. reported strong financial results for the fourth quarter and full year 2023, with significant improvements in gross margin, adjusted EBITDA, and EPS. The company focused on operational discipline, strategic pricing initiatives, and profitability. Despite a decline in topline due to strategic shifts, Better Choice remains optimistic about future growth and brand equity enhancement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.28%
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Rhea-AI Summary
Better Choice Company, Inc. (BTTR) initiates legal action to enforce a right of first refusal option exercised by Alphia, Inc., seeking over $19 million in damages. The company aims to compel the closing of the asset sale of its subsidiary, Halo, Purely for Pets, Inc., due to Alphia's alleged misconduct.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.1%
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none
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Rhea-AI Summary
Better Choice Company, Inc. (BTTR) announces a 1-for-44 reverse stock split to comply with NYSE American listing standards. The split will be effective on March 20, 2024, aiming to improve the stock price and benefit shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.74%
Tags
Rhea-AI Summary
Better Choice Company (BTTR) announces plans to monetize its R&D platform after acquiring Aimia. The company aims to develop a treat-based GLP1 supplement to combat obesity in pets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
none
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Rhea-AI Summary
Better Choice Company (BTTR) acquires Aimia Pet Healthco Inc. to develop weight loss supplements for pets, aiming to combat obesity-related health issues in domestic animals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.14%
Tags
-
Rhea-AI Summary
Better Choice Company (NYSE: BTTR) announced a memorandum of understanding (MOU) signed by Aimia Pet HealthCo. Inc. with KGK Science Inc. for the development of a GLP1 supplement for pets. The MOU outlines KGK's research and development of a GLP1 supplement for use in companion animals, aiming to address obesity and other health issues in overweight pets. KGK is a leading Canadian research organization with expertise in clinical trials and regulatory support. Better Choice sees this as a significant opportunity for the pet health industry and is working to become a pioneer in this sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
partnership
Rhea-AI Summary
Better Choice Company, Inc. (BTTR) announced its Q3 2023 results, revealing an 11% YOY revenue growth to $13.1 million. Adjusted EBITDA soared by 95% YOY, and EPS grew by 77% YOY. The company's financial highlights, operational update, and future outlook were also provided in the PR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.67%
Tags
Better Choice Company Inc.

NYSE:BTTR

BTTR Rankings

BTTR Stock Data

4.21M
430.40k
43.38%
21.38%
0.53%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
Link
United States of America
TAMPA

About BTTR

better choice company inc. operates as an animal health and wellness company. it offers raw-diet dog food and treats, naturally formulated premium kibble and canned dog and cat food, hemp-based cbd soft chews and flavor-infused tinctures, oral care products, supplements, and grooming aids. the company provides its products for dogs, cats, and pet parents under the halo, trudog, trugold, rawgo!, and orapup brand names. better choice company inc. primarily sells its products through its online portal, as well as through online retailers and pet specialty stores. it has operations in the united states, canada, and asia. the company was founded in 2013 and is headquartered in oldsmar, florida.