STOCK TITAN

Better Choice Announces Partnership with Aimia Pet Health to Develop a GLP1 Supplement for its Halo Brand to Combat Obesity in Dogs and Cats

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
partnership
Rhea-AI Summary
Better Choice Company partners with Aimia Pet Health to develop GLP1 supplement for overweight pets
Positive
  • Better Choice Company has signed a research and development partnership with Aimia Pet Health to develop a GLP1 supplement for overweight pets under its Halo brand.
  • More than half of all dogs and cats worldwide are classified as overweight or obese, leading to health complications such as arthritis, diabetes, and high blood pressure.
  • Better Choice aims to develop treats and toppers to safely combat pet obesity, mirroring the weight loss benefits of leading brands for humans and domestic animals.
  • The goal is to promote lean muscle and overall pet health by adding protein and nutrients from their halo products.
Negative
  • None.

TAMPA, Fla., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced it has signed a research and development partnership with Aimia Pet Health to develop a GLP1 supplement for overweight pets under its Halo brand.

More than half of all dogs and cats worldwide are classified as overweight or obese and can suffer from the same weight-related health complications as humans – including arthritis, diabetes, and high blood pressure. Following the successful creation by Pfizer of its Slentrol medication, Better Choice will work with Aimia Pet Health to develop treats and toppers to safely combat pet obesity.

The goal of the research and development work is to mirror the weight loss benefits of leading brands for domestic animals and in humans including Slentrol, Wegovy, Ozempic, and Monjaro with added protein and nutrients from our halo products to promote lean muscle and overall pet health.

About Better Choice Company Inc.
Better Choice Company Inc. is a rapidly growing pet health and wellness company focused on providing pet products and services that help dogs and cats live healthier, happier and longer lives. We offer a broad portfolio of pet health and wellness products for dogs and cats sold under our Halo brand across multiple forms, including foods, treats, toppers, dental products, chews, and supplements. We have a demonstrated, multi-decade track record of success and are well positioned to benefit from the mainstream trends of growing pet humanization and consumer focus on health and wellness. Our products consist of kibble and canned dog and cat food, freeze-dried raw dog food and treats, vegan dog food and treats, oral care products and supplements. Halo’s core products are made with high-quality, thoughtfully sourced ingredients for natural, science-based nutrition. Each innovative recipe is formulated with leading veterinary and nutrition experts to deliver optimal health.  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.
Kent Cunningham, CEO

Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
T: 212-896-1254
Valter@KCSA.com


FAQ

What is the partnership between Better Choice Company and Aimia Pet Health about?

The partnership aims to develop a GLP1 supplement for overweight pets under the Halo brand.

Why is pet obesity a concern?

More than half of all dogs and cats worldwide are overweight or obese, leading to health complications.

What are the potential health complications for overweight pets?

Overweight pets can suffer from arthritis, diabetes, and high blood pressure, similar to humans.

What is the goal of the research and development work?

The goal is to develop treats and toppers that safely combat pet obesity and promote lean muscle and overall pet health.

Which weight loss brands are they looking to mirror?

They aim to mirror the weight loss benefits of brands like Slentrol, Wegovy, Ozempic, and Monjaro for humans and domestic animals.

Better Choice Company Inc.

NYSE:BTTR

BTTR Rankings

BTTR Latest News

BTTR Stock Data

3.31M
1.58M
21.76%
15.85%
2.01%
Packaged Foods
Beverages
Link
United States of America
TAMPA