Ultrack Systems Inc. (OTC: MJLB) Signs MOU to Acquire Better Pets, a Leading Health-Focused Pet Product Brand
Ultrack Systems Inc. (MJLB) has signed a Memorandum of Understanding (MOU) to acquire Better Pets, a premium pet wellness company from Better Health Sciences portfolio. This strategic acquisition aims to expand Ultrack's operations into the rapidly growing pet industry, which currently values at $157 billion in the U.S. and is projected to reach $350 billion globally by 2027.
Ultrack Systems Inc. (MJLB) ha firmato un Memorandum d'Intesa (MOU) per acquisire Better Pets, un'azienda di wellness per animali domestici di alta gamma appartenente al portafoglio di Better Health Sciences. Questa acquisizione strategica mira a espandere le operazioni di Ultrack nel settore degli animali domestici, in rapida crescita, che attualmente vale 157 miliardi di dollari negli Stati Uniti e si prevede raggiungerà 350 miliardi di dollari a livello globale entro il 2027.
Ultrack Systems Inc. (MJLB) ha firmado un Memorando de Entendimiento (MOU) para adquirir Better Pets, una empresa premium de bienestar para mascotas del portafolio de Better Health Sciences. Esta adquisición estratégica tiene como objetivo expandir las operaciones de Ultrack en la industria de mascotas, que está creciendo rápidamente y actualmente tiene un valor de 157 mil millones de dólares en EE. UU., con una proyección de alcanzar 350 mil millones de dólares a nivel mundial para 2027.
Ultrack Systems Inc. (MJLB)는 Better Health Sciences 포트폴리오에 속한 프리미엄 반려동물 웰니스 기업 Better Pets를 인수하기 위한 양해각서(MOU)를 체결했습니다. 이번 전략적 인수는 급성장 중인 반려동물 산업으로 Ultrack의 사업을 확장하는 것을 목표로 하며, 미국 내 시장 가치는 현재 1,570억 달러이며 2027년까지 전 세계적으로 3,500억 달러에 이를 것으로 예상됩니다.
Ultrack Systems Inc. (MJLB) a signé un protocole d'accord (MOU) pour acquérir Better Pets, une entreprise haut de gamme spécialisée dans le bien-être animalier appartenant au portefeuille de Better Health Sciences. Cette acquisition stratégique vise à étendre les activités d'Ultrack dans le secteur des animaux de compagnie en forte croissance, qui vaut actuellement 157 milliards de dollars aux États-Unis et devrait atteindre 350 milliards de dollars à l'échelle mondiale d'ici 2027.
Ultrack Systems Inc. (MJLB) hat eine Absichtserklärung (MOU) zur Übernahme von Better Pets, einem Premium-Unternehmen für Tiergesundheit aus dem Portfolio von Better Health Sciences, unterzeichnet. Diese strategische Akquisition zielt darauf ab, Ultracks Geschäftsfelder in die schnell wachsende Heimtierbranche zu erweitern, die derzeit in den USA einen Wert von 157 Milliarden US-Dollar hat und bis 2027 weltweit voraussichtlich 350 Milliarden US-Dollar erreichen wird.
- Entry into the high-growth pet wellness market, valued at $157 billion in the US
- Access to projected $350 billion global pet market by 2027
- Strategic diversification of business operations
- Only a non-binding MOU signed, not a definitive agreement
- Acquisition terms, price, and financing details not disclosed
- Integration risks and execution uncertainty in new market segment
CONCORD, Ontario, May 01, 2025 (GLOBE NEWSWIRE) -- Ultrack Systems Inc. (OTC: MJLB) ("Ultrack" or the "Company") is pleased to announce it has entered into a Memorandum of Understanding (MOU) to acquire Better Pets, a premium pet wellness company proudly operating under the Better Health Sciences portfolio.
This strategic move aligns with Ultrack’s broader mission to diversify and scale its operations into high-growth verticals—leveraging the booming
About Better Pets
Better Pets specializes in health-conscious pet wellness products, offering:
- Proprietary, science-backed formulations
- Veterinary Product Numbers (VPNs) approved by Health Canada
- Strategic partnerships with leading distributors
- National retail presence across Canada and a growing U.S. expansion platform via e-commerce and strategic alliances
Their portfolio includes joint support, anxiety relief, digestive health supplements, and skin & coat health solutions, all formulated with premium, sustainable ingredients
Better Pets' mission mirrors emerging consumer trends:
70% of Gen Z pet owners now own two or more pets43% of pet owners under 45 prioritize functional and natural pet health products- E-commerce pet product sales have increased
30% year-over-year in North America
Website Update: The official Better Pets website, www.mybetterpets.com, is currently being updated to reflect new products, partnerships, and corporate developments. Future plans include a full North American roll-out, supporting expanded retail and online availability across the U.S. and Canada.
Strategic Benefits for Ultrack (MJLB)
- Immediate entry into the fastest-growing pet wellness segment
- Leveraging cross-border synergies in Canada and the U.S.
- Potential to capture share in the
$2.9 billion U.S. pet CBD market projected by 2026 - Expansion opportunities via Better Pets’ existing distribution network and strong regulatory positioning
Management Commentary
"This MOU marks a significant milestone for Ultrack’s corporate evolution," said Reno Calabrigo, CEO of Ultrack Systems Inc. "Better Pets is an exceptional brand with regulatory approvals, ready-to-market SKUs, and strong partnerships that position us to immediately tap into high-growth pet wellness markets across North America. We believe this acquisition has the potential to drive substantial shareholder value."
Next Steps
The Companies are working toward executing definitive agreements in the coming weeks, subject to standard due diligence and customary conditions. Ultrack anticipates closing the acquisition and initiating integrated operations by mid-2025.
Further updates will be provided as material milestones are achieved.
About Ultrack Systems Inc. (MJLB)
Ultrack Systems Inc. is a publicly traded, diversified technology and asset management company focused on identifying strategic acquisitions in sectors with high growth potential, including logistics, health, and consumer goods.
Ultrack Systems Inc. is a publicly traded, diversified technology and asset management company focused on identifying, acquiring, and scaling businesses across high-growth industries. Our primary focus includes strategic acquisitions in sectors such as logistics, health, consumer goods, and emerging areas within the health and wellness market.
With a commitment to innovation and sustainable value creation, Ultrack is continuously seeking to capitalize on opportunities that deliver strong market positioning, scalable operations, and shareholder growth potential.
For more information, visit: www.ultrack.ca or www.mybetterpets.com
Safe Harbor Statement
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release, including such forward-looking statements.
Investor Contact:
Email: info@ultrack.ca
Website: http://ultrack.ca
Twitter: https://twitter.com/ultracki
FAQ
What company is MJLB acquiring according to the May 2025 announcement?
What is the current size of the US pet industry market that MJLB is entering?
What is the projected size of the global pet market by 2027?
Why is MJLB acquiring Better Pets?
