Better Choice Announces Increased Board and Management Team Member Participation Via Open Market Purchases

Rhea-AI Summary

Better Choice Company (OTCQX: BTTR) announced an increase in insider ownership through open market purchases, totaling over 200,000 additional shares as of June 4, 2021. Chairman Michael Young highlighted this as a sign of confidence in the company’s growth prospects. The company remains on track to uplist to a major North American exchange this summer, following the filing of their S-1 on May 24, 2021. Better Choice focuses on nutrition-based pet products, aiming to enhance the health and wellness of dogs and cats.

Positive

• Insiders purchased over 200,000 additional shares, indicating strong confidence in the company's growth.
• The company is on track for an uplist to a major North American exchange, which could enhance visibility and stock performance.

Negative

• None.

NEW YORK, June 07, 2021 (GLOBE NEWSWIRE) -- Better Choice Company (OTCQX: BTTR) (“Better Choice”), an animal health and wellness company, today announced that upon the opening of the trading window management and the board have increased their ownership via open market purchases.

Michael Young, Chairman of Better Choice, stated, “It is a true testament to what we are building as a company and to see both new and existing team members meaningfully participate is a real vote of confidence in their ability to drive growth going forward. Following the opening of the trading window insiders have accumulated a total of more than 200,000 additional shares in the open market as of Friday June 4, 2021.”

“As we have previously discussed, we are on target to meet our previously stated goal of an uplist to a major North American exchange this summer following the filing of our S-1 on May 24, 2021. We look forward to updating the investor community further in the coming weeks,” continued Mr. Young.

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 recent activity did Better Choice Company (BTTR) report regarding insider share purchases?

Better Choice Company announced that insiders acquired over 200,000 additional shares in the open market as of June 4, 2021.

What is Better Choice Company's plan for uplisting?

Better Choice is planning to uplist to a major North American exchange this summer, following the filing of its S-1 on May 24, 2021.

How does Better Choice Company (BTTR) aim to impact the pet industry?

Better Choice focuses on a nutrition-based approach to pet health, aiming to enhance the health and wellness of dogs and cats through its brands.

When did Better Choice Company disclose their insider share purchases?

The insider share purchases were disclosed on June 7, 2021, with purchases noted through June 4, 2021.