Company Overview - Better Choice Company, Inc. is a rapidly growing pet health and wellness company focused on providing nutrition-based products for dogs and cats, aiming to enhance their health and longevity [2] - The company positions its portfolio to capitalize on trends in pet humanization and consumer health consciousness, leveraging a multi-decade track record in selling trusted pet health products [2] - The majority of its products, including dog food, cat food, and treats, are marketed under the Halo brand, which emphasizes sustainably sourced ingredients and minimally processed diets [2] Recent Developments - Better Choice Company announced the cancellation of a previously declared stock dividend of $0.35 per share, which was set for every 1 share of common stock [1]

Core Points - Better Choice Company, Inc. has completed its business combination with SRx Health Solutions, Inc. and closed an $8.8 million private placement [1][2] - The company will issue 28.6 million shares of common stock as part of the business combination and will change its name to "SRx Health Solutions Inc." with a new ticker symbol "SRXH" effective April 30, 2025 [2] - The Chairman of Better Choice expressed gratitude to shareholders and emphasized the transformative nature of this opportunity for the company [3] Company Overview - Better Choice Company, Inc. is focused on pet health and wellness, aiming to lead the industry shift towards healthier pet products and services [5] - The company adopts a nutrition-based approach to pet health, positioning its brands to benefit from trends in pet humanization and consumer health focus [5] - The Halo brand, under which the majority of its products are sold, emphasizes sustainably sourced ingredients and minimally processed options for pets [5]

Core Viewpoint - Better Choice Company, Inc. has announced a stock dividend of $0.35 per share for every 1 share held, with changes to the payable and record dates for the dividend [1][2]. Group 1: Stock Dividend Announcement - The Board of Directors approved a stock dividend of $0.35 per share for every 1 share of common stock [1]. - The payable date for the stock dividend has been changed from April 17, 2025, to April 21, 2025 [1]. - The record date for determining stockholders entitled to receive the stock dividend has been changed from April 17, 2025, to April 28, 2025 [2]. Group 2: Trading and Ex-Dividend Information - Shares will trade with a due bill for the stock dividend from April 28, 2025, through April 29, 2025 [2]. - The ex-dividend date will be April 30, 2025, which is the first business day following the payment date of April 29, 2025 [2]. - Shareholders of record as of April 28, 2025, must hold their stock through April 29, 2025, to receive the stock dividend [2]. Group 3: Company Overview - Better Choice Company, Inc. is a rapidly growing pet health and wellness company focused on nutrition-based approaches to pet health [3]. - The company aims to lead the industry shift towards healthier pet products and services, benefiting from trends in pet humanization and consumer health focus [3]. - The majority of its products, including dog food, cat food, and treats, are sold under the Halo brand, emphasizing sustainably sourced ingredients and minimally processed options [3].

Core Viewpoint - Better Choice Company has reinstated its stock repurchase program with an increased authorization of up to $6.5 million for its common stock until December 31, 2025, indicating a belief that its equity is undervalued [1][2]. Group 1: Stock Repurchase Program - The Board of Directors has authorized a stock repurchase program up to $6.5 million, following the previous program that repurchased 102,405 shares at an average price of $1.9869 per share [1][2]. - The repurchase may occur in open market or private transactions, depending on various factors such as stock availability and market conditions [2]. Group 2: Company Overview - Better Choice Company is focused on pet health and wellness, promoting products that help pets live healthier lives through a nutrition-based approach [3]. - The company markets its products under the Halo brand, which emphasizes sustainably sourced ingredients and minimally processed food options [3].

Core Insights - Better Choice Company, Inc. has successfully sold its Asian business through its subsidiary Halo, Purely for Pets, Inc. for total gross proceeds of $8.1 million, which includes $6.5 million in cash and a 5-year royalty agreement [1][3][4] - The transaction allows Better Choice to focus on its core health and wellness product portfolio while creating an additional revenue stream through the royalty arrangement [3][4] - The company aims to maximize shareholder value by optimizing its asset portfolio and improving financial flexibility, which may include stock repurchase programs or further dividends [4] Company Overview - Better Choice Company, Inc. is a rapidly growing pet health and wellness company that focuses on nutrition-based approaches to pet health, positioning its brands to benefit from trends in pet humanization and consumer health consciousness [5] - The company primarily sells dog food, cat food, and treats under the Halo brand, emphasizing sustainably sourced ingredients and minimally processed options [5]

Core Insights - Better Choice Company, Inc. has successfully sold its Asian business through its subsidiary Halo, Purely for Pets, Inc. for total gross proceeds of $8.1 million, which includes $6.5 million in cash and a 5-year royalty agreement [1][3][4] - The transaction allows Better Choice to focus on its core health and wellness product portfolio while creating an additional revenue stream through the royalty arrangement [3][4] - The sale is part of the company's strategy to maximize shareholder value by optimizing its asset portfolio and improving financial flexibility [3][4] Financial Details - The cash proceeds from the sale amount to $6.5 million, equating to $3.34 per share based on 2,422,005 shares outstanding as of March 25, 2025 [1] - The royalty agreement guarantees a minimum total payment of $1.65 million over five years, with a minimum annual payment of $330,000 based on a 3% royalty on sales [1] Strategic Focus - Halo will retain ownership of its key North American operations and global operations outside of Asia, allowing the company to concentrate on its core markets and strategic initiatives [2] - The Chairman of Better Choice emphasized the importance of this strategic transaction in strengthening the balance sheet and focusing resources on core offerings [4] - The company may consider stock repurchase programs, further dividends, or allocation of cash reserves into alternative investments such as silver and gold to maximize shareholder value [4] Company Overview - Better Choice Company, Inc. is a growing pet health and wellness company that focuses on nutrition-based approaches to pet health, positioning its brands to benefit from trends in pet humanization and consumer health awareness [5] - The company sells a majority of its products under the Halo brand, which emphasizes sustainably sourced ingredients and minimally processed options for pet food [5]

Core Viewpoint - Better Choice Company, Inc. has regained full compliance with NYSE American's continued listing standards, marking a significant step in strengthening its financial foundation and commitment to long-term value creation for shareholders [1][2][3] Company Compliance - The company received formal notice from NYSE American confirming compliance after resolving a continued listing deficiency related to specific sections of the Company Guide [1][2] - Compliance was achieved by demonstrating adherence to applicable listing standards for two consecutive quarters [2] Company Overview - Better Choice Company is a rapidly growing pet health and wellness company focused on providing nutrition-based products for pets, aiming to lead the industry shift towards healthier pet products [3] - The company emphasizes a portfolio of brands that align with trends in pet humanization and consumer health consciousness [3] - The majority of its products, including dog food, cat food, and treats, are sold under the Halo brand, which focuses on sustainably sourced ingredients and minimally processed diets [3]

Group 1 - Better Choice Company, Inc. announced a stock dividend of $0.35 per share for every 1 share held of common stock, payable to stockholders of record as of April 17, 2025 [1] - The payable date for the stock dividend has been changed to April 21, 2025, with shares trading with a due bill from April 17, 2025, to April 21, 2025, and the ex-dividend date set for April 22, 2025 [2] Group 2 - Better Choice Company, Inc. is a rapidly growing pet health and wellness company focused on providing nutrition-based products for pets, aiming to lead the industry shift towards healthier pet products [3] - The company primarily sells its dog food, cat food, and treats under the Halo brand, which emphasizes sustainably sourced ingredients and minimally processed diets [3]

Core Viewpoint - Better Choice Company is progressing towards the acquisition of SRx Health Solutions, which is expected to enhance its position in the pet health and wellness market, with a focus on delivering improved products and solutions for pets and families [2]. Group 1: Acquisition Details - The acquisition of SRx Health is nearing completion, with the merger scheduled for late-April 2025 [2]. - A strategic partner of SRx Health is becoming an equity holder, which is expected to strengthen the combined company [2]. - The debt-to-equity transaction has reduced SRx Health's debt by CAD$4 million, contributing to a more robust financial position for the merged entity [2]. Group 2: Company Profiles - Better Choice Company is a rapidly growing pet health and wellness company that focuses on nutrition-based products for pets, aiming to capitalize on trends in pet humanization and health consciousness [3]. - The company primarily sells its products under the Halo brand, which emphasizes sustainably sourced ingredients and minimally processed options [3]. - SRx Health operates as a Canadian healthcare service provider specializing in specialty pharmacy services, focusing on comprehensive patient care and management of chronic and rare diseases [4]. - SRx Health aims to expand its specialty pharmacy locations from 34 to 100 across Canada and plans to extend its services internationally [4].

Core Insights - Better Choice Company, Inc. has announced a definitive agreement with SRx Health Solutions, Inc. to convert $4 million in debt to equity, enhancing SRx Health's working capital and future cash flow [1] - This investment is contingent upon the merger between SRx Health and Better Choice, expected to close in late April, which will create a leading global health and wellness company [2] Company Overview - Better Choice Company, Inc. is focused on pet health and wellness, promoting nutrition-based products that cater to the growing trend of pet humanization and consumer health awareness [3] - The company primarily sells its products under the Halo brand, which emphasizes sustainably sourced ingredients and minimally processed options for pets [3] SRx Health Overview - SRx Health operates as a Canadian specialty pharmacy provider, focusing on comprehensive healthcare services from acute pharmaceutical needs to chronic disease management [4] - The company aims to expand its specialty pharmacy locations from 34 to 100 across Canada, with plans to extend its services internationally [4]