Better Choice Company and SRx Health to Host Shareholder Update Call on October 15th
Better Choice Company (NYSE: BTTR) and SRx Health Solutions Inc. will host a shareholder update call on October 15, 2024 at 4:30 PM EST. The call will provide updates on Better Choice's acquisition of SRx Health, announced in early September 2024. The all-stock transaction, valued at approximately $125 million, will bring SRx Health's extensive Canadian specialty pharmacy network under Better Choice's umbrella.
SRx Health operates 35 specialty pharmacy locations, 40 specialty health/infusion clinics, 4 clinical trial sites, and 2 wholesale distribution facilities across Canada. In 2023, SRx Health generated CAD$161.5 million in revenue, with a projected increase of over 20% to CAD$200 million for the fiscal year ending September 30, 2024. Management expects similar growth for fiscal year 2025.
The shareholder call will provide the investment community with transaction details, which is expected to close in the coming months.
Better Choice Company (NYSE: BTTR) e SRx Health Solutions Inc. terranno una chiamata di aggiornamento per gli azionisti il 15 ottobre 2024 alle 16:30 EST. Durante la chiamata verranno forniti aggiornamenti sull'acquisizione di SRx Health da parte di Better Choice, annunciata all'inizio di settembre 2024. La transazione interamente in azioni, valutata circa $125 milioni, porterà la vasta rete canadese di farmacie di specialità di SRx Health sotto l'ombrello di Better Choice.
SRx Health gestisce 35 sedi di farmacie di specialità, 40 cliniche di salute/sottogruppo di infusioni, 4 siti di sperimentazione clinica e 2 strutture di distribuzione all'ingrosso in tutto il Canada. Nel 2023, SRx Health ha generato CAD$161,5 milioni di fatturato, con un incremento previsto di oltre il 20% a CAD$200 milioni per l'anno fiscale che termina il 30 settembre 2024. La direzione si aspetta una crescita simile per l'anno fiscale 2025.
La chiamata per gli azionisti fornirà alla comunità degli investimenti i dettagli sulla transazione, che si prevede di completare nei prossimi mesi.
Better Choice Company (NYSE: BTTR) y SRx Health Solutions Inc. llevarán a cabo una llamada de actualización para accionistas el 15 de octubre de 2024 a las 4:30 PM EST. La llamada proporcionará actualizaciones sobre la adquisición de SRx Health por parte de Better Choice, anunciada a principios de septiembre de 2024. La transacción, valorada en aproximadamente $125 millones y realizada en acciones, traerá la amplia red canadiense de farmacias especializadas de SRx Health bajo el paraguas de Better Choice.
SRx Health opera 35 ubicaciones de farmacias especializadas, 40 clínicas de salud/infusión especializadas, 4 sitios de ensayos clínicos y 2 instalaciones de distribución al por mayor en todo Canadá. En 2023, SRx Health generó CAD$161.5 millones en ingresos, con un aumento proyectado de más del 20% a CAD$200 millones para el año fiscal que finaliza el 30 de septiembre de 2024. La dirección espera un crecimiento similar para el año fiscal 2025.
La llamada para accionistas proporcionará a la comunidad de inversión detalles sobre la transacción, que se espera cierre en los próximos meses.
Better Choice Company (NYSE: BTTR)와 SRx Health Solutions Inc.는 2024년 10월 15일 오후 4시 30분 EST에 주주 업데이트 전화를 개최할 예정입니다. 이 전화에서는 2024년 9월 초에 발표된 Better Choice의 SRx Health 인수에 대한 업데이트가 제공됩니다. 약 $125 백만으로 평가된 이 전액 주식 거래는 SRx Health의 방대한 캐나다 전문 약국 네트워크를 Better Choice의 소속 아래로 가져오게 됩니다.
SRx Health는 캐나다 전역에 35개의 전문 약국, 40개의 전문 건강/주사 클리닉, 4개의 임상 시험 장소, 2개의 도매 유통 시설를 운영하고 있습니다. 2023년 SRx Health는 CAD$161.5 백만의 수익을 창출했으며, 2024년 9월 30일 종료되는 회계 연도에 대해 CAD$200 백만으로 20% 이상의 증가가 예상됩니다. 경영진은 2025 회계 연도에도 유사한 성장을 기대하고 있습니다.
주주 콜은 투자 커뮤니티에 거래 세부 정보를 제공하며, 이 거래는 향후 몇 달 이내에 마감될 것으로 예상됩니다.
La Better Choice Company (NYSE: BTTR) et SRx Health Solutions Inc. organiseront un appel de mise à jour des actionnaires le 15 octobre 2024 à 16h30 EST. Cet appel fournira des mises à jour sur l'acquisition de SRx Health par Better Choice, annoncée au début de septembre 2024. La transaction entièrement en actions, évaluée à environ 125 millions de dollars, intégrera le vaste réseau canadien de pharmacies spécialisées de SRx Health sous l'égide de Better Choice.
SRx Health exploite 35 emplacements de pharmacies spécialisées, 40 cliniques de santé/infusion spécialisées, 4 sites d'essais cliniques et 2 installations de distribution en gros à travers le Canada. En 2023, SRx Health a généré 161,5 millions de dollars CAD de revenus, avec une augmentation prévue de plus de 20 % à 200 millions de dollars CAD pour l'exercice se terminant le 30 septembre 2024. La direction s'attend à une croissance similaire pour l'exercice 2025.
L'appel des actionnaires fournira à la communauté des investisseurs des détails sur la transaction, qui devrait se clôturer dans les mois à venir.
Die Better Choice Company (NYSE: BTTR) und SRx Health Solutions Inc. werden am 15. Oktober 2024 um 16:30 Uhr EST eine Aktionärs-Update-Konferenz veranstalten. In dem Anruf werden Updates über die Übernahme von SRx Health durch Better Choice gegeben, die Anfang September 2024 angekündigt wurde. Die Transaktion, die auf etwa $125 Millionen geschätzt wird und vollständig in Aktien erfolgt, wird SRx Health's umfangreiches kanadisches Netzwerk von Fachapotheken unter das Dach von Better Choice bringen.
SRx Health betreibt 35 Standorte von Specialty Apotheken, 40 Fachgesundheits-/Infusionskliniken, 4 klinische Prüfungsstandorte und 2 Großhandelsvertriebsstätten in Kanada. Im Jahr 2023 erzielte SRx Health einen Umsatz von CAD$161,5 Millionen, mit einem prognostizierten Anstieg von über 20 % auf CAD$200 Millionen für das zum 30. September 2024 endende Geschäftsjahr. Das Management erwartet für das Geschäftsjahr 2025 ein ähnliches Wachstum.
Der Aktionärsanruf wird der Investmentgemeinschaft Einzelheiten zur Transaktion bereitstellen, die in den kommenden Monaten abgeschlossen werden soll.
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TAMPA, Fla., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced that management, along with the SRx Health Solutions Inc. (‘SRx Health’) team, will host a shareholder update call on Tuesday, October 15, 2024 at 4:30 PM Eastern Time.
Shareholder Update Call Details
Date: Tuesday, October 15, 2024
Time: 4:30 PM EST
Webinar Registration Link: https://us02web.zoom.us/webinar/register/WN_m24xmEYZQXOpHecXe0yuxA#/registration
In early September 2024, Better Choice announced the signing of a definitive agreement to acquire SRx Health, a leading provider of innovative healthcare solutions, in an all-stock transaction for approximately
SRx Health operates one of the largest specialty pharmacy networks in Canada with 35 specialty pharmacy locations, 40 specialty health/infusion clinics, 4 clinical trial sites and 2 wholesale distribution facilities1. SRx Health is only one of a few specialty pharma operators in Canada with a network that extends across Canada, making it one of the most accessible providers of specialty healthcare in the country.
SRx Health in 2023 generated CAD
During the shareholder update call the management teams of both companies will provide the investment community with an update on the transaction, which is expected to close in the coming months.
About Better Choice Company Inc.
Better Choice Company Inc. is a rapidly growing pet 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 pet 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 pet 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 brand, which is 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.
Kent Cunningham, CEO
Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
T: 212-896-1254
Valter@KCSA.com
1) The second warehouse in Western Canada is anticipated to be operational by the fourth quarter 2025.
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