Ultrack Sys Inc Stock Price, News & Analysis

Ultrack Systems (OTC: MJLB) has announced the launch of Better Pets Pet Balm, its first Health Canada-approved product through its subsidiary Better Pets. The company is implementing a four-phase market entry strategy with a lineup of seven SKUs including balms, sprays, and drops, with more products in development.

The company has secured partnerships with major Canadian distributors, including Freedom Pet Supplies which serves over 1,800 retail clients. The products will be available through direct-to-consumer channels and retail partners. The launch comes as the global pet care market exceeded $270 billion in 2024, with projected growth of 6% CAGR through 2030.

Ultrack Systems (OTC: MJLB) has announced significant trademark developments for its Better Pets subsidiary. The company has secured a Canadian federal trademark registration (Registration No. TMA1339765) effective August 15, 2025, valid for 10 years. Additionally, Better Pets has advanced its U.S. trademark application (Serial No. 97929972) with the USPTO.

The company operates in the global pet care market, valued at over $270 billion in 2024 with a 6% annual growth rate. Better Pets' trademark application focuses on non-medicated grooming and cosmetic care products, including shampoos, conditioners, and hemp-derived products. The USPTO is expected to review the filing within 1-2 months.

The company plans to announce additional product updates and strategic roll-out plans for its seven-product roster in the coming weeks.

Ultrack Systems (OTC: MJLB) has announced a strategic partnership with PUR Botanicals as the third partner in the PUR Rx joint venture, alongside Synergy Health Rx Corp. The venture aims to create a fully vertically integrated natural health pharmacy platform in Canada.

Each partner brings specific capabilities: PUR Botanicals contributes its Health Canada license and facility infrastructure, Synergy Health Rx manages patient care and prescriptions, while Ultrack Systems handles marketing and brand development. The JV projects $18.75 million in annualized gross revenue based on 12,500 active patients spending $125/month. Ultrack holds a 30% stake in the venture.

PUR Rx will generate revenue through direct-to-patient sales, white-label products, patient services, and brand licensing. The platform integrates prescription services, product delivery, and patient care in one ecosystem.

Ultrack Systems (OTC: MJLB) has launched PUR Rx, a digital healthcare platform, through a 50/50 joint venture with Synergy Health Rx Corp. The platform aims to revolutionize prescription therapy access in Canada, where the digital health market is projected to reach CAD $4.7 billion by 2026 with 8.3% annual growth.

Ultrack will spearhead marketing and brand development, committing up to $10,000 quarterly in marketing spend through 2025. The venture combines Ultrack's digital expertise with Synergy Health's healthcare infrastructure, targeting 25-30% annual revenue growth over three years through recurring service fees, prescription margins, and third-party partnerships.

Ultrack Systems Inc. (OTC: MJLB) has acquired a 60% controlling stake in Better Pets, a pet wellness company, marking its entry into the $325 billion global pet care market. The deal includes a right of first refusal for the remaining shares and values Better Pets at $5-6 million. Better Pets specializes in organic pet products, including Pet Balm and Pet Gel, containing over 60% organic hemp oil and beeswax. The company is backed by experienced CPG developers and has established North American distribution networks. Ultrack anticipates significant recurring revenue potential within 12-18 months, leveraging Better Pets' growth potential in the natural pet wellness segment and e-commerce channels.

Ultrack Systems (OTC: MJLB) announced that Better Pets, its recent strategic acquisition target, has filed a U.S. trademark class application for its pet wellness product line. The application covers three key product categories: Class 3 (non-medicated pet products), Class 5 (medicated products & supplements), and Class 31 (edible pet products).

The move positions Better Pets to enter the thriving U.S. pet care market, which reached $137 billion in 2024, with pet wellness accounting for over $11 billion. The product line includes grooming items, nutritional supplements, and wellness-focused treats, targeting the growing demand for premium pet care solutions.

Ultrack Systems Inc. (MJLB) has signed a Memorandum of Understanding (MOU) to acquire Better Pets, a premium pet wellness company from Better Health Sciences portfolio. This strategic acquisition aims to expand Ultrack's operations into the rapidly growing pet industry, which currently values at $157 billion in the U.S. and is projected to reach $350 billion globally by 2027.

Ultrack Systems Inc. (OTC Pink: MJLB) will exhibit at the Atlantic Transportation and Logistics Show in Moncton, New Brunswick, on October 20-21, 2022. The company will showcase its product line, including its upcoming flagship ELD device, at Booth #535. This event, presented by the Atlantic Provinces Trucking Association, is expected to attract over 10,000 visitors and serves as a major platform for industry stakeholders to explore new technologies and products. CEO Michael Marsbergen emphasized the significance of this event for securing new business opportunities.

Ultrack Systems Inc. (OTC Pink: MJLB) has announced the complete acquisition of M-Loan Inc., which achieved record revenues in fiscal year 2021, significantly boosting Ultrack's overall revenue by more than threefold. CEO Michael Marsbergen highlighted the strategic importance of this acquisition in expanding Ultrack's footprint in the U.S. trucking market. M-Loan has an established history in the west-coast financing sector and is a preferred vendor for Schneider Trucks. Additionally, Ultrack's flagship ELD is progressing towards deployment pending Transport Canada approval.