Better Choice Company Inc. - BTTR STOCK NEWS

Better Choice Company (OTCQX: BTTR) has announced a partnership with MLB All-Star Justin Turner and his wife Kourtney, focusing on the growth of the Halo brand. CEO Scott Lerner expressed enthusiasm about aligning with Turner's values, emphasizing their shared commitment to health and wellness for pets. The Turners have been long-time customers of Halo and are eager to promote the brand’s products. This partnership aims to enhance community support through the Justin Turner Foundation, which helps homeless veterans and children with severe illnesses.

Better Choice Company (OTCQX: BTTR) reported preliminary Gross Sales of $13.4 million for Q1 2021, a 19% increase from $11.4 million in Q4 2020, attributed to strong international sales and online performance. Net Sales for the previous year were 83% of Gross Sales. CEO Scott Lerner expressed optimism for further growth in 2021, highlighting a strategic plan. More information will be revealed in their upcoming earnings call in May.

Better Choice Company (OTCQX: BTTR) announced that CEO Scott Lerner and EVP of Strategy Rob Sauermann will present at Lincoln International's 2021 Consumer Conference on April 20-21. Scott Lerner expressed excitement for the opportunity to share their growth strategy, which builds on the strong foundation established in 2020. Better Choice focuses on innovative pet food solutions to support pet health and wellness, leveraging trends in pet humanization and nutrition-based approaches.

Better Choice Company (OTCQX: BTTR) reported its financial results for Q4 and the full year 2020, showing a transformational year with significant growth in sales. Full year gross sales reached $51.3 million, while net sales were $42.6 million. Despite a net loss of $59.4 million for the year, the company saw a notable increase in online sales, which accounted for 59% of total sales.

International business also thrived, contributing 20% to net sales. The company aims for further growth, bolstered by a new CEO and strategic partnerships.

Better Choice Company (OTCQX: BTTR) will host a conference call on March 31, 2021, at 8:30 a.m. ET to discuss operational and financial highlights for Q4 and FY 2020. The call provides an opportunity for Q&A regarding recent developments, reflecting the company's focus on improving pet health products. Interested parties can join via dial-in or webcast, with replay options available until April 14, 2021. The company promotes a nutrition-based approach, marketing products under the Halo and TruDog brands.

Better Choice Company (OTCQX: BTTR) has announced a significant revenue milestone, with aggregate minimum purchases from key Asian partners reaching $25.6 million from January 1, 2021, to December 31, 2022. This comes as the company has developed strong distribution ties in China, Korea, and Japan, particularly focusing on its popular Halo brand. Halo achieved an impressive 95% growth in Asian sales in 2020, with over 50% of these sales originating from China, reflecting the growing demand for quality pet food among Asian consumers.

Better Choice Company (OTCQX: BTTR) has established a Special Advisory Committee aimed at enhancing shareholder value. Co-chaired by Board Members Michael Young and John Word, the committee will evaluate potential strategic opportunities, including up-listings, partnerships, and financing. According to Chairman Young, the company is well-positioned in the growing pet health sector, which opens multiple strategic avenues for growth. The formation of this committee indicates a proactive approach towards maximizing shareholder interests amid opportunities in the thriving pet wellness industry.

Better Choice Company (OTCQX: BTTR) stands to gain from the increasing trend of pet ownership and wellness, particularly noted during the COVID-19 pandemic. With a focus on clean and holistic pet products, the company aligns with the growing consumer demand for health-conscious options for pets. The report highlights the potential for pet wellness to become a major driver in the market, similar to the organic movement in grocery sectors. With nearly 50% of pet owners prioritizing their pets' health, BTTR is well-positioned for growth in this evolving landscape.

Better Choice Company (OTCQX: BTTR) announced a significant expansion of its Halo brand in Asia, with agreed minimum purchases from key distributors totaling $25.6 million from January 1, 2021, to December 31, 2022. The company experienced 95% growth in Asian sales in 2020, with China accounting for over 50% of that total. The success is attributed to securing Product Import Registrations for 15 food diets, allowing increased distribution across e-commerce and retail in China. CEO Scott Lerner emphasized the brand's commitment to quality and strategic partnerships as drivers of growth.