Welcome to our dedicated page for Better Choice Co news (Ticker: BTTR), a resource for investors and traders seeking the latest updates and insights on Better Choice Co stock.
The BTTR news page on Stock Titan provides an archive of news releases and corporate updates for Better Choice Company Inc., which historically traded under the BTTR ticker on the NYSE American. These news items document the company’s activities as a pet health and wellness business and its subsequent transformation through a business combination and name and ticker change.
Readers can review announcements describing Better Choice’s focus on pet health and wellness products designed to help dogs and cats live healthier, happier and longer lives. The company has highlighted its alternative, nutrition-based approach to pet health, its emphasis on the Halo brand for dog food, cat food and treats, and its efforts to align with trends in pet humanization and health and wellness. News releases also discuss transactions such as the sale of Halo’s business in Asia while retaining key North American operations and global operations outside of Asia.
A key theme in the BTTR news archive is the corporate evolution of Better Choice Company Inc. through its business combination with SRx Health Solutions, Inc. and the resulting name and ticker change to SRx Health Solutions Inc. and SRXH. News items describe the closing of this business combination, the related private placement, the spin-out distribution involving Halo Spin-Out SPV Inc., and the effective date for trading under the new SRXH symbol on the NYSE American.
Investors and researchers can use this BTTR news history to understand how Better Choice presented its pet health and wellness strategy, brand portfolio and capital markets actions leading up to and including the transition to SRx Health Solutions Inc. For current developments, company communications direct attention to the SRXH ticker, while the BTTR news archive remains a resource for historical context.
Better Choice Company, operating under the ticker BTTR, has announced a stock repurchase program allowing for the buyback of up to $2 million in common stock, effective until December 31, 2021. Chairman Michael Young expressed confidence in the company's strength and the chance to purchase shares at a discount. Repurchases will be executed in compliance with SEC regulations, funded by the company's cash reserves, and may be influenced by market conditions and financial performance.
Better Choice Company (BTTR) reported its Q2 2021 financial results, highlighting an 11% quarter-over-quarter net revenue growth, driven by international sales which rose 72%. Gross sales reached $13.1 million, with net sales at $11.0 million. However, the company experienced a loss from operations of $3.2 million for the quarter. In July, Better Choice secured a significant distribution agreement with Pet Supplies Plus for its Halo Elevate brand, slated for a national launch in 2022. The company anticipates continued growth through its multi-channel strategy.
Better Choice Company (BTTR) announced an agreement with Pet Supplies Plus to launch a new brand of super premium, natural pet food named Halo Elevate. Set to debut in early 2022, this collaboration aims to leverage Pet Supplies Plus' extensive network of over 560 locations across 36 states. Scott Lerner, CEO of Better Choice, expressed enthusiasm for the partnership, highlighting the shared commitment to high-quality pet nutrition. This launch aligns with Better Choice's goal of promoting healthier pet products and services.
Better Choice Company (NYSE: BTTR) will conduct a conference call on August 12, 2021, at 8:30 a.m. ET to discuss its Q2 2021 financial results and provide a business update. Investors can access the call via a live dial-in or a webcast. A replay will be available until August 26, 2021. Better Choice focuses on animal health and wellness, utilizing a nutrition-based approach to enhance pet products. Their main brands are Halo and TruDog, which offer sustainable, quality pet food options.
Better Choice Company (BTTR) announced a notable increase in insider equity holdings from approximately 2.9 million to 7.6 million common shares, now covering about 26% of total equity. This growth follows a $40 million public offering and includes the conversion of convertible debt to common shares. With a net cash position exceeding $30 million, the company is poised to execute its growth strategy and pursue strategic mergers and acquisitions. The company's focus remains on nutrition-based pet products aimed at enhancing the health and wellness of pets.
Better Choice Company (NYSE: BTTR) announced a strategic investment from Boqii Holding Limited (NYSE: BQ), China's largest pet-focused platform and its retail partner. This partnership is expected to drive growth in the Chinese market, which Better Choice views as among its most profitable opportunities. Michael Young, Chairman of Better Choice, expressed excitement over the strengthening partnership, while Boqii’s leadership emphasized their commitment to sourcing high-quality global brands.
Better Choice Company (BTTR) has successfully completed an underwritten public offering of 8 million shares at $5.00 each, raising $40 million. The underwriters received a 30-day option to buy an additional 1.2 million shares. Proceeds will be used for general corporate purposes and potential acquisitions of complementary technologies and products. The offering was made under a registration statement declared effective by the SEC on June 28, 2021. This capital injection is expected to support Better Choice's mission in the pet health and wellness sector.
Better Choice Company (NYSE American: BTTR) has successfully converted approximately $23 million of convertible notes into common equity, coinciding with its uplisting to the NYSE American. This conversion results in about 4.6 million common shares issued at a price of $5.00 each. With this transaction, the company anticipates a net cash position exceeding $30 million, maintaining only $12 million in debt. Approximately 39% of shareholders will be under a 180-day lock-up agreement. The CEO expressed optimism about growth opportunities post-uplisting, aiming to enhance visibility and pursue acquisitions.
Better Choice Company (NYSE: BTTR) has announced an underwritten public offering of 8,000,000 shares of common stock at $5.00 each, aiming to raise approximately $40 million before expenses. The offering includes an option for underwriters to purchase an additional 1,200,000 shares. Proceeds will be used for general corporate purposes and potential acquisitions. The SEC declared the registration statement effective on June 28, 2021. D.A. Davidson & Co. is the sole book-running manager for the offering.
Better Choice Company (OTCQX: BTTR) announced an underwritten public offering of 4,500,000 shares, post a proposed 1-for-6 reverse stock split. The offering includes a 30-day option for underwriters to purchase up to 15% more shares for over-allotments. Funds will primarily support working capital and general corporate purposes, with potential for acquisitions, though no agreements exist currently. The company aims to list on the NYSE American under BTTR. The offering's completion is subject to market conditions.
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