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Better Choice Company Announces Insider Purchase Program of Approximately 2.5% of Common Shares Outstanding

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Better Choice Company (NYSE: BTTR) announces that members of its Board of Directors and Management intend to buy approximately 750,000 common shares, representing 2.5% of the total shares outstanding. These purchases will occur in the open market, commencing May 16, 2022, and will comply with insider trading policies and SEC obligations. The timing of these transactions may vary based on market conditions. Better Choice focuses on pet health and wellness, offering products under the Halo and TruDog brands, promoting healthier diets for pets.

Positive
  • Insider purchases indicate confidence in the company's future, potentially boosting market perception.
  • The company has a clear strategy focused on health and wellness for pets, fitting market trends.
Negative
  • None.

NEW YORK, May 13, 2022 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, announces that certain members of its Board of Directors and Management team (the “Insiders”) have informed the Company of their intention, on an individual basis and not in concert, to use their personal funds to purchase approximately 2.5% of the Company’s common shares outstanding.

The Insiders may purchase approximately 750,000 common shares (the “Securities”) on the open market, representing approximately 2.5% of basic common shares outstanding within the one-month period commencing May 16, 2022. Any Insider purchase will be conducted in compliance with the Company's insider trading policy and Insiders will meet the SEC reporting obligations.

Insiders’ proposed purchases may be conducted through open-market transactions at prevailing market prices and/or through other legally permissible means, subject to the market conditions and in compliance with applicable securities laws, rules and regulations. The timing and dollar amount of Insiders’ purchases may vary individually. Better Choice’s Board of Directors will be reviewing the program periodically and may suspend or discontinue the program.

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 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
T: 212-896-1254
Valter@KCSA.com


FAQ

What is Better Choice Company's plan for insider share purchases?

Insiders intend to purchase approximately 750,000 common shares, or 2.5% of total shares, starting May 16, 2022.

How does Better Choice Company plan to conduct these share purchases?

The purchases will be made in the open market at prevailing prices and will comply with insider trading policies and SEC regulations.

What market impact might the insider purchases have on BTTR stock?

Insider purchases could positively affect market perception and investor confidence in BTTR stock.

What products does Better Choice Company offer?

Better Choice sells pet health products under the Halo and TruDog brands, focusing on nutrition-based offerings.

Better Choice Company Inc.

NYSE:BTTR

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