Better Choice Company Increases Capital Stock Distribution of Halo as Part of the SRx Health Transaction from an 8% to 17% Dividend
December 10 2024 - 7:00AM
Better Choice Company (NYSE: BTTR) (“Better Choice” or “the
Company”), a pet health and wellness company, today announced that
as part of the acquisition of SRx Health Solutions Inc. (‘SRx
Health’), a leading provider of innovative healthcare solutions,
the capital stock distribution of Halo, Purely for Pets, Inc. has
increased from an 8% to 17% dividend. The closing of the
transaction is subject to customary closing conditions, including
the receipt of required shareholder approvals from SRx Health and
Better Choice. The transaction is expected to close during the
first quarter of 2025.
About Better Choice Company
Inc. Better Choice Company Inc. is a rapidly growing pet
health and wellness company committed to leading the industry shift
toward pet products and services that help dogs and cats live
healthier, happier, and longer lives. We take an alternative,
nutrition-based approach to pet health relative to conventional dog
and cat food offerings and position our portfolio of brands to
benefit from the mainstream trends of growing pet humanization and
consumer focus on health and wellness. We have a demonstrated,
multi-decade track record of success selling trusted pet health and
wellness products and leverage our established digital footprint to
provide pet parents with the knowledge to make informed decisions
about their pet’s health. We sell the majority of our dog food, cat
food and treats under the Halo brand, which is focused,
respectively, on providing sustainably sourced kibble and canned
food derived from real whole meat, and minimally processed raw-diet
dog food and treats. For more information, please
visit https://www.betterchoicecompany.com.
About SRX Health
SRx operates as a Canadian healthcare service
provider specializing in the Specialty Pharmacy segment of the
pharmaceutical industry. Distinguishing itself as a National
Specialty Pharmacy provider, SRx concentrates on overseeing a
patient's healthcare journey, spanning from acute pharmaceutical
needs to chronic and rare disease management. This unique focus
positions SRx to deliver a more holistic and integrated solution,
catering to the requirements of both patients and key healthcare
stakeholders. Our all-encompassing end-to-end offerings include
wholesale/distribution facilities, patient support programs,
infusion clinics, retail pharmacies, co-designed clinical programs,
clinical trials, and diagnostic services.
Our strategic growth plan is forward-thinking
and revolves around fostering increased collaboration with
pharmaceutical manufacturers and prescribers. With a specific
emphasis on the expanding market of chronic and rare diseases, we
target specialty drugs associated with closed and limited
distribution networks. The objective is to broaden their
distribution and improve accessibility. Our overarching goal is to
elevate our current presence from 34 to 100 specialty pharmacy
locations across mid-sized population centers throughout Canada,
thereby enhancing the scope of healthcare services and establishing
new industry benchmarks. In the subsequent phase of SRx's
evolution, we aim to extend our reach beyond the borders of Canada.
Leveraging our comprehensive approach, we aspire to simplify
healthcare on a global scale. For more information on SRx, please
visit https://www.srxhealth.ca.
Forward Looking StatementsThis
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
The words “believe,” “may,” “estimate,” “continue,” “anticipate,”
“intend,” “should,” “plan,” “could,” “target,” “potential,” “is
likely,” “will,” “expect” and similar expressions, as they relate
to us, are intended to identify forward-looking statements. The
Company has based these forward-looking statements largely on our
current expectations and projections about future events and
financial trends that we believe may affect our financial
condition, results of operations, business strategy and financial
needs. Some or all of the results anticipated by these
forward-looking statements may not be achieved. Further information
on the Company’s risk factors is contained in our filings with the
SEC. Any forward-looking statement made by us herein speaks only as
of the date on which it is made. Factors or events that could cause
our actual results to differ may emerge from time to time, and it
is not possible for us to predict all of them. The Company
undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as may be required by law.
Company Contact:Better Choice Company, Inc.Kent
Cunningham, CEO
Investor Contact:KCSA Strategic
CommunicationsValter Pinto, Managing DirectorT:
212-896-1254Valter@KCSA.com
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