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Better Choice Company Announces Notification of Noncompliance with Additional NYSE American Continued Listing Standards

Stocks Company Announcement

NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, announced today that it received a notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) dated April 24, 2024, notifying the Company that it is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. Section 1003(a)(iii) requires a listed company to have stockholders' equity of $6 million or more if the listed company has reported losses from continuing operations and/or net losses in its five most recent fiscal years. The Company reported a stockholders’ equity of $3.0 million as of December 31, 2023, and losses from continuing operations and/or net losses in three out of its four most recent fiscal years ended December 31, 2023.

GlobeNewswire Inc. • 29/04/2024 à 22:15:00
Better Choice Company Inc.
Address: 12400 RACE TRACK ROAD
Postal Code: 33626
City: TAMPA
State: FL
Phone Number: 813-792-4352
Website: https://www.betterchoicecompany.com
Status: Active
Company Info

Better Choice Co Inc is a pet health and wellness portfolio company, offering consumers a wide variety of recognized premium pet products and hemp-derived CBD supplements. Its portfolio includes kibble and canned dog and cat food, freeze-dried raw dog food and treats, vegan dog food and treats, oral care products, supplements and grooming aids. Its core products sold under the Halo brand are sustainably sourced, derived from real whole meat and no rendered meat meal and include non-GMO fruits and vegetables. Its core products sold under the TruDog brand are made according to nutritional philosophy of fresh, meat-based nutrition and minimal processing.

List Date2010-03-23
MarketStocks
LocalUS
Primary ExchangeXASE
TypeCS
Currency NameUSD
CIK0001471727
Composite figiBBG000QJZFS7
Share Class figiBBG001T7J786
Market Cap4,414,389 USD
SIC Code2080
SIC DescriptionBEVERAGES
Total Employees32
Share Class Shares Outstanding890000
Weighted Shares Outstanding893601
Round Lot100
Updated date2024-05-12
Stats
Last 5 days
15-05
14-05
13-05
10-05
9-05
Last
4.845
5.115
4.84
4.775
4.825
Variance
-5.37%
5.68%
0.62%
-0.73%
3.9%
Open
5.12
4.84
4.81
4.81
4.644
Highest
5.29
5.375
5.099
4.904
4.93
Lowest
5.29
5.375
5.098
4.89
4.93
History
PeriodVarhighestlowest
1 week
4.33%
4.93
4.89
1 month
-11.68%
9.042
4.89
3 month
1681.25%
0.333
0.132
6 month
2322.5%
0.29
0.1113
1 year
1142.31%
0.42
0.1108
3 year
-3.1%
5
0.1108
5 year
-3.1%
5
0.1108
10 year
-3.1%
5
0.1108
Stock Financials
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-12 2023-08-21 2023-11-14 UNPUB
Assets 35,145,000 30,404,000 31,049,000 UNPUB
Current Assets 24,193,000 19,765,000 20,915,000 UNPUB
Current Liabilities 4,668,000 11,533,000 13,174,000 UNPUB
Equity 18,905,000 16,225,000 15,079,000 UNPUB
Equity Attributable To Noncontrolling Interest 0 0 0 UNPUB
Equity Attributable To Parent 18,905,000 16,225,000 15,079,000 UNPUB
Liabilities 16,240,000 14,179,000 15,970,000 UNPUB
Liabilities And Equity 35,145,000 30,404,000 31,049,000 UNPUB
Noncurrent Assets 10,952,000 10,639,000 10,134,000 UNPUB
Noncurrent Liabilities 11,572,000 2,646,000 2,796,000 UNPUB
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-12 2023-08-21 2023-11-14 UNPUB
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow -1,524,000 -4,342,000 193,000 UNPUB
Net Cash Flow, Continuing -1,524,000 -4,342,000 193,000 UNPUB
Net Cash Flow From Financing Activities -41,000 -4,578,000 -150,000 UNPUB
Net Cash Flow From Financing Activities, Continuing -41,000 -4,578,000 -150,000 UNPUB
Net Cash Flow From Investing Activities -10,000 0 0 UNPUB
Net Cash Flow From Investing Activities, Continuing -10,000 0 0 UNPUB
Net Cash Flow From Operating Activities -1,473,000 236,000 343,000 UNPUB
Net Cash Flow From Operating Activities, Continuing -1,473,000 236,000 343,000 UNPUB
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-12 2023-08-21 2023-11-14 UNPUB
Comprehensive Income/Loss -3,484,000 -2,964,000 -1,621,000 UNPUB
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 UNPUB
Comprehensive Income/Loss Attributable To Parent -3,484,000 -2,964,000 -1,621,000 UNPUB
Other Comprehensive Income/Loss 0 0 0 UNPUB
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-12 2023-08-21 2023-11-14 UNPUB
Basic Earnings Per Share 0 0 0 UNPUB
Benefits Costs and Expenses 12,721,000 13,500,000 14,738,000 UNPUB
Cost Of Revenue 5,996,000 6,948,000 8,681,000 UNPUB
Costs And Expenses 12,721,000 13,500,000 14,738,000 UNPUB
Diluted Earnings Per Share 0 0 0 UNPUB
Gross Profit 3,241,000 3,588,000 4,436,000 UNPUB
Income/Loss From Continuing Operations After Tax -3,484,000 -2,964,000 -1,621,000 UNPUB
Income/Loss From Continuing Operations Before Tax -3,484,000 -2,964,000 -1,621,000 UNPUB
Income Tax Expense/Benefit 0 0 UNPUB UNPUB
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss -3,484,000 -2,964,000 -1,621,000 UNPUB
Net Income/Loss Attributable To Noncontrolling Interest 0 0 0 UNPUB
Net Income/Loss Attributable To Parent -3,484,000 -2,964,000 -1,621,000 UNPUB
Net Income/Loss Available To Common Stockholders, Basic -3,484,000 -2,964,000 -1,621,000 UNPUB
Operating Expenses 6,496,000 6,173,000 7,052,000 UNPUB
Operating Income/Loss -3,255,000 -2,585,000 -2,616,000 UNPUB
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 UNPUB
Preferred Stock Dividends And Other Adjustments 0 0 0 UNPUB
Revenues 9,237,000 10,536,000 13,117,000 UNPUB
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-12 2022-08-11 2022-11-10 2023-03-28
Assets 74,746,000 70,000,000 64,700,000 38,676,000
Current Assets 44,292,000 39,951,000 34,928,000 27,525,000
Current Liabilities 8,199,000 7,382,000 8,934,000 5,580,000
Equity 54,926,000 51,360,000 45,375,000 21,528,000
Equity Attributable To Noncontrolling Interest 0 0 0 0
Equity Attributable To Parent 54,926,000 51,360,000 45,375,000 21,528,000
Liabilities 19,820,000 18,640,000 19,325,000 17,148,000
Liabilities And Equity 74,746,000 70,000,000 64,700,000 38,676,000
Noncurrent Assets 30,454,000 30,049,000 29,772,000 11,151,000
Noncurrent Liabilities 11,621,000 11,258,000 10,391,000 11,568,000
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-12 2022-08-11 2022-11-10 2023-03-28
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow -5,524,000 -5,595,000 -5,208,000 -19,469,000
Net Cash Flow, Continuing -5,524,000 -5,595,000 -5,208,000 -19,469,000
Net Cash Flow From Financing Activities 2,293,000 -225,000 -225,000 1,282,000
Net Cash Flow From Financing Activities, Continuing 2,293,000 -225,000 -225,000 1,282,000
Net Cash Flow From Investing Activities -150,000 -39,000 -9,000 -198,000
Net Cash Flow From Investing Activities, Continuing -150,000 -39,000 -9,000 -198,000
Net Cash Flow From Operating Activities -7,667,000 -5,331,000 -4,974,000 -20,553,000
Net Cash Flow From Operating Activities, Continuing -7,667,000 -5,331,000 -4,974,000 -20,553,000
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-12 2022-08-11 2022-11-10 2023-03-28
Comprehensive Income/Loss -4,040,000 -4,367,000 -6,547,000 -39,316,000
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Comprehensive Income/Loss Attributable To Parent -4,040,000 -4,367,000 -6,547,000 -39,316,000
Other Comprehensive Income/Loss 0 0 0 0
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-12 2022-08-11 2022-11-10 2023-03-28
Basic Earnings Per Share 0 0 0 -1
Benefits Costs and Expenses 21,051,000 20,882,000 18,411,000 93,994,000
Cost Of Revenue 12,307,000 11,788,000 7,700,000 39,399,000
Costs And Expenses 21,051,000 20,882,000 18,411,000 93,994,000
Diluted Earnings Per Share 0 0 0 -1
Gross Profit 4,707,000 4,727,000 4,165,000 15,261,000
Income/Loss From Continuing Operations After Tax -4,040,000 -4,367,000 -6,547,000 -39,316,000
Income/Loss From Continuing Operations Before Tax -4,037,000 -4,367,000 -6,546,000 -39,334,000
Income Tax Expense/Benefit 3,000 0 1,000 -18,000
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss -4,040,000 -4,367,000 -6,547,000 -39,316,000
Net Income/Loss Attributable To Noncontrolling Interest 0 0 0 0
Net Income/Loss Attributable To Parent -4,040,000 -4,367,000 -6,547,000 -39,316,000
Net Income/Loss Available To Common Stockholders, Basic -4,040,000 -4,367,000 -6,547,000 -39,316,000
Operating Expenses 8,668,000 8,988,000 10,569,000 54,044,000
Operating Income/Loss -3,961,000 -4,261,000 -6,404,000 -38,783,000
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 0
Preferred Stock Dividends And Other Adjustments 0 0 0 0
Revenues 17,014,000 16,515,000 11,865,000 54,660,000
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-12 2021-11-10 2022-03-29
Assets UNPUB 49,180,000 78,867,000 74,660,000
Current Assets UNPUB 17,859,000 47,935,000 43,919,000
Current Liabilities UNPUB 24,948,000 6,486,000 7,341,000
Equity UNPUB 14,260,000 62,737,000 57,875,000
Equity Attributable To Noncontrolling Interest UNPUB 0 0 0
Equity Attributable To Parent UNPUB 14,260,000 62,737,000 57,875,000
Liabilities UNPUB 34,920,000 16,130,000 16,785,000
Liabilities And Equity UNPUB 49,180,000 78,867,000 74,660,000
Noncurrent Assets UNPUB 31,321,000 30,932,000 30,741,000
Noncurrent Liabilities UNPUB 9,972,000 9,644,000 9,444,000
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-12 2021-11-10 2022-03-29
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow UNPUB -1,442,000 30,714,000 24,953,000
Net Cash Flow, Continuing UNPUB -1,442,000 30,714,000 24,953,000
Net Cash Flow From Financing Activities UNPUB 577,000 34,442,000 37,164,000
Net Cash Flow From Financing Activities, Continuing UNPUB 577,000 34,442,000 37,164,000
Net Cash Flow From Investing Activities UNPUB 318,000 -70,000 -353,000
Net Cash Flow From Investing Activities, Continuing UNPUB 318,000 -70,000 -353,000
Net Cash Flow From Operating Activities UNPUB -2,337,000 -3,658,000 -11,858,000
Net Cash Flow From Operating Activities, Continuing UNPUB -2,337,000 -3,658,000 -11,858,000
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-12 2021-11-10 2022-03-29
Comprehensive Income/Loss UNPUB 24,776,000 -3,456,000 3,387,000
Comprehensive Income/Loss Attributable To Noncontrolling Interest UNPUB 0 0 0
Comprehensive Income/Loss Attributable To Parent UNPUB 24,776,000 -3,456,000 3,387,000
Other Comprehensive Income/Loss UNPUB 0 0 0
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB 2021-08-12 2021-11-10 2022-03-29
Basic Earnings Per Share UNPUB 2 0 0
Benefits Costs and Expenses UNPUB 0 0 42,582,000
Cost Of Revenue UNPUB 7,089,000 8,762,000 30,638,000
Costs And Expenses UNPUB 14,186,000 17,167,000 42,582,000
Diluted Earnings Per Share UNPUB 1 0 0
Gross Profit UNPUB 3,900,000 4,438,000 15,368,000
Income/Loss From Continuing Operations After Tax UNPUB 24,776,000 -3,456,000 3,387,000
Income/Loss From Continuing Operations Before Tax UNPUB 24,776,000 13,200,000 3,424,000
Income Tax Expense/Benefit UNPUB 0 0 37,000
Interest Expense, Operating UNPUB UNPUB UNPUB UNPUB
Net Income/Loss UNPUB 24,776,000 -3,456,000 3,387,000
Net Income/Loss Attributable To Noncontrolling Interest UNPUB 0 0 0
Net Income/Loss Attributable To Parent UNPUB 24,776,000 -3,456,000 3,387,000
Net Income/Loss Available To Common Stockholders, Basic UNPUB 24,776,000 -3,456,000 3,387,000
Operating Expenses UNPUB 7,097,000 8,405,000 32,647,000
Operating Income/Loss UNPUB -3,197,000 -3,967,000 -17,279,000
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic UNPUB 0 0 0
Preferred Stock Dividends And Other Adjustments UNPUB 0 0 0
Revenues UNPUB 10,989,000 13,200,000 46,006,000
Calendar
15 May 2024 (Time UTC) Actual Previous Consensus
★
16:00
United States
MAR
100500000000.000
62900000000.000
★
16:00
United States
MAR
71500000000.000
89300000000.000
★
16:00
United States
MAR
102100000000.000
42000000000
★
16:00
United States
MAR
42200000000.000
87400000000.000
★★
15:20
United States
★
15:00
United States
MAR
★
15:00
United States
MAR
★★
12:00
United States
★
12:00
United States
★
11:00
United States
APR
0.300
0.400
★
10:30
United States
MAY 17
108000.000
-353000.000
★
10:30
United States
MAY 10
-45000.000
560000.000
770000.000
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10:30
United States
MAY 10
-235000.000
915000.000
880000.000
★
10:30
United States
21000.000
275000.000
★
10:30
United States
MAY 10
307000.000
307000.000
Options
Ticker
CFI
Contract Type
Exercise Style
Share Per Contract
Strike Price
Primary Exchange
Expiration Date
O:BTTR1240419P00007500 OPASPN Put American 3 7.5 XNDQ 2024-04-19
O:BTTR1240419P00005000 OPASPN Put American 3 5 XNDQ 2024-04-19
O:BTTR1240419P00002500 OPASPN Put American 3 2.5 XNDQ 2024-04-19
O:BTTR1240419C00007500 OCASPN Call American 3 7.5 XNDQ 2024-04-19
O:BTTR1240419C00005000 OCASPN Call American 3 5 XNDQ 2024-04-19
O:BTTR1240419C00002500 OCASPN Call American 3 2.5 XNDQ 2024-04-19
O:BTTR240315P00007500 OPASPS Put American 100 7.5 XASE 2024-03-15
O:BTTR240315P00005000 OPASPS Put American 100 5 XASE 2024-03-15
O:BTTR240315P00002500 OPASPS Put American 100 2.5 XASE 2024-03-15
O:BTTR240315C00007500 OCASPS Call American 100 7.5 XASE 2024-03-15
O:BTTR240315C00005000 OCASPS Call American 100 5 XASE 2024-03-15
O:BTTR240315C00002500 OCASPS Call American 100 2.5 XASE 2024-03-15
O:BTTR240216P00007500 OPASPS Put American 100 7.5 XASE 2024-02-16
O:BTTR240216P00005000 OPASPS Put American 100 5 XASE 2024-02-16
O:BTTR240216P00002500 OPASPS Put American 100 2.5 XASE 2024-02-16
O:BTTR240216C00007500 OCASPS Call American 100 7.5 XASE 2024-02-16
O:BTTR240216C00005000 OCASPS Call American 100 5 XASE 2024-02-16
O:BTTR240216C00002500 OCASPS Call American 100 2.5 XASE 2024-02-16
O:BTTR240119P00007500 OPASPS Put American 100 7.5 XASE 2024-01-19
O:BTTR240119P00005000 OPASPS Put American 100 5 XASE 2024-01-19
O:BTTR240119P00002500 OPASPS Put American 100 2.5 XASE 2024-01-19
O:BTTR240119C00007500 OCASPS Call American 100 7.5 XASE 2024-01-19
O:BTTR240119C00005000 OCASPS Call American 100 5 XASE 2024-01-19
O:BTTR240119C00002500 OCASPS Call American 100 2.5 XASE 2024-01-19
O:BTTR231215P00007500 OPASPS Put American 100 7.5 XASE 2023-12-15
O:BTTR231215P00005000 OPASPS Put American 100 5 XASE 2023-12-15
O:BTTR231215P00002500 OPASPS Put American 100 2.5 XASE 2023-12-15
O:BTTR231215C00007500 OCASPS Call American 100 7.5 XASE 2023-12-15
O:BTTR231215C00005000 OCASPS Call American 100 5 XASE 2023-12-15
O:BTTR231215C00002500 OCASPS Call American 100 2.5 XASE 2023-12-15
O:BTTR231117P00007500 OPASPS Put American 100 7.5 XASE 2023-11-17
O:BTTR231117P00005000 OPASPS Put American 100 5 XASE 2023-11-17
O:BTTR231117P00002500 OPASPS Put American 100 2.5 XASE 2023-11-17
O:BTTR231117C00007500 OCASPS Call American 100 7.5 XASE 2023-11-17
O:BTTR231117C00005000 OCASPS Call American 100 5 XASE 2023-11-17
O:BTTR231117C00002500 OCASPS Call American 100 2.5 XASE 2023-11-17
O:BTTR231020P00007500 OPASPS Put American 100 7.5 XASE 2023-10-20
O:BTTR231020P00005000 OPASPS Put American 100 5 XASE 2023-10-20
O:BTTR231020P00002500 OPASPS Put American 100 2.5 XASE 2023-10-20
O:BTTR231020C00007500 OCASPS Call American 100 7.5 XASE 2023-10-20
O:BTTR231020C00005000 OCASPS Call American 100 5 XASE 2023-10-20
O:BTTR231020C00002500 OCASPS Call American 100 2.5 XASE 2023-10-20
O:BTTR230915P00007500 OPASPS Put American 100 7.5 XASE 2023-09-15
O:BTTR230915P00005000 OPASPS Put American 100 5 XASE 2023-09-15
O:BTTR230915P00002500 OPASPS Put American 100 2.5 XASE 2023-09-15
O:BTTR230915C00007500 OCASPS Call American 100 7.5 XASE 2023-09-15
O:BTTR230915C00005000 OCASPS Call American 100 5 XASE 2023-09-15
O:BTTR230915C00002500 OCASPS Call American 100 2.5 XASE 2023-09-15
O:BTTR230818P00005000 OPASPS Put American 100 5 XASE 2023-08-18
O:BTTR230818P00002500 OPASPS Put American 100 2.5 XASE 2023-08-18
O:BTTR230818C00007500 OCASPS Call American 100 7.5 XASE 2023-08-18
O:BTTR230818C00005000 OCASPS Call American 100 5 XASE 2023-08-18
O:BTTR230818C00002500 OCASPS Call American 100 2.5 XASE 2023-08-18
O:BTTR230818P00007500 OPASPS Put American 100 7.5 XASE 2023-08-18
News Stream
Health Health
Better Choice is Encouraged by the Potential DEA Reclassification of Marijuana
Bona Vida CBD Dog and Cat treats remains a wholly-owned subsidiary of Better Choice Bona Vida CBD Dog and Cat treats remains a wholly-owned subsidiary of Better Choice
GlobeNewswire Inc. • 2w ago
Stocks Company Announcement
Better Choice Company Announces Notification of Noncompliance with Additional NYSE American Continued Listing Standards
NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, announced today that it received a notice (the “Notice”) from the NYSE American LLC (the “NYSE American”) dated April 24, 2024, notifying the Company that it is no longer in compliance with NYSE American continued listing standards. Specifically, the letter states that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide (the "Company Guide"). Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. Section 1003(a)(iii) requires a listed company to have stockholders' equity of $6 million or more if the listed company has reported losses from continuing operations and/or net losses in its five most recent fiscal years. The Company reported a stockholders’ equity of $3.0 million as of December 31, 2023, and losses from continuing operations and/or net losses in three out of its four most recent fiscal years ended December 31, 2023.
GlobeNewswire Inc. • 2w ago
Stocks Changes in company's own shares
Better Choice Company Board of Directors Authorize Stock Repurchase Program
NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or “Better Choice”), a pet health and wellness company, announces that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to $5 million of the currently outstanding shares of the Company’s common stock, until December 31, 2024.
GlobeNewswire Inc. • 4w ago
Stocks Earnings Releases and Operating Results
Better Choice Company, Inc. Announces Fourth Quarter and Full Year 2023 Results
Gross Margin Improved 300 basis points to 31% Year-Over-Year
GlobeNewswire Inc. • 1mo ago
stocks Law & Legal Issues
Better Choice Company Initiates Legal Action Against Alphia, a Portfolio Company of Private Equity Firm PAI
NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, initiated a legal action to enforce a right of first refusal (“ROFR”) option exercised by Alphia, Inc. (“Alphia”) BL4424547, which is controlled by a Paris-based private equity firm, PAI Partners (https://www.paipartners.com). Pursuant to the terms of a written agreement between Alphia and the Company, Alphia is obligated to acquire the assets of Halo, Purely for Pets, Inc., a wholly owned subsidiary of Better Choice. Better Choice seeks to compel the closing of the asset sale and, in the alternative, monetary damages in excess of $19 million caused by Alphia for its misconduct in connection with the ROFR. “After several unsuccessful attempts to communicate with both Winston Song of PAI Partners and David McLain, the CEO of Alphia, and given the significant burden imposed upon Better Choice by Alphia’s refusal to close the transaction, Better Choice had no viable option other than to pursue legal action to enforce the terms of the ROFR, as well as all of its rights,” stated Better Choice Chairman, Michael Young. The claim has been filed in the Circuit Court of the 13th Judicial Circuit in and for Hillsborough County, Florida.
GlobeNewswire Inc. • 1mo ago
News Law & Legal Issues
Better Choice Company Initiates Legal Action Against Alphia, a Portfolio Company of Private Equity Firm PAI
NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, initiated a legal action to enforce a right of first refusal (“ROFR”) option exercised by Alphia, Inc. (“Alphia”) BL4424547, which is controlled by a Paris-based private equity firm, PAI Partners (https://www.paipartners.com). Pursuant to the terms of a written agreement between Alphia and the Company, Alphia is obligated to acquire the assets of Halo, Purely for Pets, Inc., a wholly owned subsidiary of Better Choice. Better Choice seeks to compel the closing of the asset sale and, in the alternative, monetary damages in excess of $19 million caused by Alphia for its misconduct in connection with the ROFR. “After several unsuccessful attempts to communicate with both Winston Song of PAI Partners and David McLain, the CEO of Alphia, and given the significant burden imposed upon Better Choice by Alphia’s refusal to close the transaction, Better Choice had no viable option other than to pursue legal action to enforce the terms of the ROFR, as well as all of its rights,” stated Better Choice Chairman, Michael Young. The claim has been filed in the Circuit Court of the 13th Judicial Circuit in and for Hillsborough County, Florida.
GlobeNewswire Inc. • 1mo ago
Stocks Changes in company's own shares
Better Choice Company To Effectuate a Reverse Stock Split
TAMPA, Fla., March 08, 2024 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, announced today that it will proceed with a 1-for-44 reverse stock split (the “Reverse Split”) of its issued and outstanding shares of common stock, par value $0.001, following authorization by its Board of Directors and majority shareholders to effect a reverse stock split by a ratio of not less than 1-for-25 and not more than 1-for-45 (the “Reverse Split Range”), at any time on or before March 31, 2024, with the Board having the discretion as to whether or not the Reverse Split is to be effected, and the exact ratio to be set at a whole number within the Reverse Split Range.
GlobeNewswire Inc. • 2mo ago
News Product / Services Announcement
Better Choice to Explore Non-Equity Related Capital Solutions to Fund the R&D of its Domestic Animal Targeted GLP1 Supplement
NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced that after successfully completing the acquisition of Aimia, the Company will explore and evaluate proposals to monetize and fund ownership in its R&D platform with the goal to bring in partners to participate in the evolution of a treat-based GLP1 supplement to combat obesity in dogs and cats.
GlobeNewswire Inc. • 2mo ago
Stocks Mergers and Acquisitions
Better Choice Acquires Aimia Pet Healthco to Enter the GLP1 Pet Market
NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE: BTTR) (“Better Choice” or “the Company”), a pet health and wellness company, today announced the acquisition of all the issued and outstanding common shares of Aimia Pet Healthco Inc. (‘Aimia’). Better Choice will now be in a position to manage the clinical trials internally in hopes to develop a supplement to support weight loss in domestic animals.
GlobeNewswire Inc. • 3mo ago
News Featured
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Penny stocks to watch this week but are they good to buy now or avoid entirely? The post 3 Good Penny Stocks To Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
PennyStocks • 5mo ago
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