Better Choice Announces $2.0 Million Stock Repurchase Program
Better Choice Company (OTCQX: BTTR) announced a $2 million stock repurchase program starting Q1 2021, set to expire on December 31, 2021. This program, authorized by the Board of Directors, is aimed at enhancing shareholder value and providing liquidity during uncertain market conditions. The timing of repurchases will depend on market factors and the company prioritizes growth investments in its long-term strategy. Chairman Michael Young highlighted the repurchase as a means to address the undervalued stock in light of current market volatility.
- Authorization of a $2 million stock repurchase program to enhance shareholder value.
- Stocks repurchased will provide liquidity to shareholders.
- Proactive strategy to navigate market volatility and position the company advantageously.
- The repurchase program is not obligated to acquire a specific number of shares.
- Market conditions will heavily influence the timing and number of repurchased shares.
NEW YORK, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Better Choice Company (OTCQX: BTTR) (“Better Choice”), an animal health and wellness company, today announced commencing a stock repurchase program beginning in the first quarter of 2021.
The Company’s Board of Directors has authorized repurchases of up to
Under the repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases, all in compliance with the rules of the United States Securities and Exchange Commission and other applicable legal requirements.
The repurchase program does not obligate the Company to acquire any particular number of ordinary shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.
Michael Young, Chairman of Better Choice, stated, “We believe that the current value of Better Choice Company’s stock does not reflect our growth prospects and the value of our proprietary brands and systems. This stock repurchase program provides the Company with an opportunity to provide liquidity to shareholders and increase shareholder value.”
Mr. Young continued, “Due to current market volatility as experienced by companies such as Gamestop (GME) and AMC Entertainment (AMC), and the ramifications this could have on the broader market the Better Choice Board has made the decision to be proactive, in to be advantageously positioned if such unreasonable market opportunities present themselves.”
About Better Choice Company, Inc.
Better Choice Company Inc. is a growing animal 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 animal 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 animal 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 and TruDog brands, which are 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.
Scott Lerner, CEO
Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
PH: 212-896-1254
Valter@KCSA.com
FAQ
What is the purpose of Better Choice Company's stock repurchase program?
How much stock is Better Choice planning to repurchase?
When does the stock repurchase program expire?
What factors will influence the repurchase of shares by Better Choice?
How does Better Choice view its current stock value?
