Welcome to our dedicated page for Better Choice Company news (Ticker: BTTR), a resource for investors and traders seeking the latest updates and insights on Better Choice Company stock.
Better Choice Company Inc. operates as an animal health and wellness company, offering raw-diet dog food, premium kibble, CBD products, supplements, and grooming aids under brands like Halo and TruDog. Founded in 2013, headquartered in Oldsmar, Florida, and sells primarily through online platforms and specialty stores.
Better Choice Co Inc, a pet health and wellness company, provides a variety of premium pet products and hemp-derived CBD supplements through brands like Halo and TruDog. Its products include dog and cat food, vegan options, oral care products, supplements, and grooming aids, all of which are sustainably sourced and made according to nutritional philosophy.
Better Choice Company (OTCQX: BTTR) announced that CEO Scott Lerner and EVP of Strategy Rob Sauermann will present at the D.A. Davidson 4th Annual Consumer Growth Conference on March 11, 2021, at 11:00 a.m. ET. The conference will include company presentations and discussions on the animal health and wellness sector.
Lerner expressed excitement about sharing their success strategy as Better Choice continues to establish itself in the rapidly growing market.
Better Choice Company (BTTR) has announced a share repurchase program authorized by its Board of Directors, allowing for up to $2 million in stock buybacks. This initiative reflects the company's confidence in its business prospects amidst a booming pet supply and wellness market, projected to reach $202.6 billion by 2025. The repurchases will take place in the open market, potentially attracting new investors. This bold move stands out, as company management is reinvesting in their own future, indicating strong belief in the company's potential.
Better Choice Company has appointed Alex Vournas as Vice President of Supply Chain & Logistics. Vournas, with extensive experience in supply chain management, previously served as Director at Solid Gold Pet LLC, where he oversaw logistics during significant expansion into Asia. CEO Scott Lerner noted Vournas’ expertise is critical for achieving corporate sales goals and executing growth strategies, especially in Asia. Better Choice focuses on pet health and wellness products, leveraging its digital footprint to promote nutrition-based offerings.
Better Choice Company (OTCQB: BTTR) has engaged Emerging Markets Consulting and Winning Media to enhance brand visibility and expand its shareholder base ahead of a proposed NYSE or Nasdaq listing in Q2 2021. Chairman Michael Young highlighted the need to address the company’s current valuation gap compared to peers like Fresh Pet (FRPT). Both firms bring extensive experience in investor relations and digital marketing, aiming to bolster Better Choice's market presence and narrative. The company focuses on innovative pet health products, promoting nutrition-based solutions.
Better Choice Company (OTCQX: BTTR) announced a $2 million stock repurchase program starting Q1 2021, set to expire on December 31, 2021. This program, authorized by the Board of Directors, is aimed at enhancing shareholder value and providing liquidity during uncertain market conditions. The timing of repurchases will depend on market factors and the company prioritizes growth investments in its long-term strategy. Chairman Michael Young highlighted the repurchase as a means to address the undervalued stock in light of current market volatility.
Better Choice Company announces the appointment of Ryan Wilson as Vice President of Marketing, effective February 1, 2021. Wilson brings over 13 years of experience from leading pet brands, focusing on growth and profitability. Highlights of his career include a 44% growth turnaround for Zukes and launching award-winning products for Merrick. Scott Lerner, CEO, emphasizes Wilson's significant potential for Better Choice’s expansion in the healthy pet market. The Company remains committed to innovation in pet health and wellness, focusing on sustainable sourcing and nutrition-based approaches.
Better Choice Company (BTTR) announced that its Chairman, Mike Young, will be featured in an interview on The RedChip Money Report, which reaches 100 million homes across Europe. The interview will discuss the company's commitment to providing health-oriented pet products, including its Halo and TruDog brands, which focus on sustainably sourced and minimally processed pet food. The program is set to air on Sundays at 6 p.m. local time. Better Choice aims to leverage growing consumer interest in pet health and wellness to enhance its market position.
Better Choice Company (OTCQB: BTTR) has successfully closed additional $1.1M in Series F financing, bringing total funding to $18.9M. Management and Board members contributed over $11.3M of this amount. The capital will be used to accelerate growth in Asia, particularly China, where 2Q20 gross revenue reached $2.4M, a 16% increase. Better Choice's subsidiary, Halo, Purely for Pets, has received registrations for 15 pet food diets in China. The pet food market in China is projected to grow to $6.1B by 2025.
Better Choice Company (OTCQB: BTTR) announced a successful $17.8M Series F financing, with management and board members contributing approximately $11M. The company projects $45M in revenue for 2020, with $30M from online sales, including $13M from Direct-to-Consumer. International sales are anticipated to reach $10M. The funding will reduce monthly cash interest costs by about $110,000 and facilitate growth in Asia. Management and insiders now own over 50% of the company post-financing, creating an opportunity for significant upside against peers.
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