Better Choice Company Announces Strategic Alternatives After Receiving Multiple Unsolicited Expressions of Interest for the Halo Pet Brand
Better Choice Company (NYSE: BTTR), a pet health and wellness firm, announced that it has received interest in its Halo brand pet products and is initiating a strategic alternatives review. The company is considering various options including a sale, merger, asset divestiture, or entering new revenue sectors. Interim CEO Lionel Conacher emphasized that the objective is to maximize shareholder value through this evaluation process. However, there is no guarantee that this review will lead to any transactions, and the company will provide updates only if specific deals are made.
- Received expressions of interest for its Halo branded pet products.
- Initiating a strategic alternatives review could lead to potential value maximization for shareholders.
- No assurance that the strategic review will result in a transaction.
NEW YORK, March 13, 2023 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, today announced that it has received expressions of interest for its line of Halo branded pet products. The Company will conduct a strategic alternatives review process to evaluate a sale of the company, merger, divestiture of assets, private placement of securities, or other strategic transactions such as entering into other industries or revenue verticals outside of the pet space.
Lionel Conacher, Interim CEO of Better Choice, commented, “The goal of this strategic evaluation process is to ensure that we are exploring a range of possible options that have been presented to the company to maximize value for our shareholders.”
There can be no assurance that this process will result in any such transaction, and the Company does not intend to disclose additional details unless and until it has entered into a specific transaction.
About Better Choice Company, Inc.
Better Choice Company Inc. is a 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.
Lionel F. Conacher, Interim CEO
Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
T: 212-896-1254
Valter@KCSA.com
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