Better Choice Company Inc. - BTTR STOCK NEWS

Better Choice Company (NYSE: BTTR) announced participation in the Jefferies Virtual Pet Summit on September 16, 2021. CEO Scott Lerner, EVP Donald Young, and EVP Rob Sauermann will engage in a fireside chat at 2:20 p.m. ET, accessible via the Better Choice investor page. Management will also conduct 1x1 meetings with investors. The company focuses on an alternative nutrition-based approach in the pet health sector, aiming to enhance pet product offerings and capitalize on trends in pet humanization and health consciousness.

Better Choice Company Inc. (BTTR) has expanded its term-loan credit facility from $6.0 million to $7.5 million with Wintrust Bank. The unchanged terms include an interest rate of Libor plus 250 basis points and a maturity date of January 6, 2024. CEO Scott Lerner emphasized the importance of this increase for the company's growth strategy, especially with anticipated product launches in 2022. The firm remains focused on delivering high-quality products in the expanding animal health and wellness sector.

Better Choice Company, operating under the ticker BTTR, has announced a stock repurchase program allowing for the buyback of up to $2 million in common stock, effective until December 31, 2021. Chairman Michael Young expressed confidence in the company's strength and the chance to purchase shares at a discount. Repurchases will be executed in compliance with SEC regulations, funded by the company's cash reserves, and may be influenced by market conditions and financial performance.

Better Choice Company (BTTR) reported its Q2 2021 financial results, highlighting an 11% quarter-over-quarter net revenue growth, driven by international sales which rose 72%. Gross sales reached $13.1 million, with net sales at $11.0 million. However, the company experienced a loss from operations of $3.2 million for the quarter. In July, Better Choice secured a significant distribution agreement with Pet Supplies Plus for its Halo Elevate brand, slated for a national launch in 2022. The company anticipates continued growth through its multi-channel strategy.

Better Choice Company (BTTR) announced an agreement with Pet Supplies Plus to launch a new brand of super premium, natural pet food named Halo Elevate. Set to debut in early 2022, this collaboration aims to leverage Pet Supplies Plus' extensive network of over 560 locations across 36 states. Scott Lerner, CEO of Better Choice, expressed enthusiasm for the partnership, highlighting the shared commitment to high-quality pet nutrition. This launch aligns with Better Choice's goal of promoting healthier pet products and services.

Better Choice Company (NYSE: BTTR) will conduct a conference call on August 12, 2021, at 8:30 a.m. ET to discuss its Q2 2021 financial results and provide a business update. Investors can access the call via a live dial-in or a webcast. A replay will be available until August 26, 2021. Better Choice focuses on animal health and wellness, utilizing a nutrition-based approach to enhance pet products. Their main brands are Halo and TruDog, which offer sustainable, quality pet food options.

Better Choice Company (BTTR) announced a notable increase in insider equity holdings from approximately 2.9 million to 7.6 million common shares, now covering about 26% of total equity. This growth follows a $40 million public offering and includes the conversion of convertible debt to common shares. With a net cash position exceeding $30 million, the company is poised to execute its growth strategy and pursue strategic mergers and acquisitions. The company's focus remains on nutrition-based pet products aimed at enhancing the health and wellness of pets.

Better Choice Company (NYSE: BTTR) announced a strategic investment from Boqii Holding Limited (NYSE: BQ), China's largest pet-focused platform and its retail partner. This partnership is expected to drive growth in the Chinese market, which Better Choice views as among its most profitable opportunities. Michael Young, Chairman of Better Choice, expressed excitement over the strengthening partnership, while Boqii’s leadership emphasized their commitment to sourcing high-quality global brands.