Core Viewpoint - Better Choice Company has signed a non-binding term sheet to sell its Halo business in Asia for 6.5 million in cash at closing [1]. - The Buyer has paid a 330,000 per year is guaranteed, totaling $1.65 million over five years [1]. Group 2: Strategic Implications - The transaction is expected to strengthen Better Choice's balance sheet and allow for a greater focus on North American and global operations [3]. - The company is actively exploring ways to create shareholder value through this sale and other strategic initiatives [3]. Group 3: Company Overview - Better Choice Company is a growing pet health and wellness company that emphasizes nutrition-based approaches to pet health [4]. - The company markets its products under the Halo brand, which focuses on sustainably sourced pet food options [4].
Better Choice Company Signs Non-Binding Term Sheet to Sell Halo Asia for $6.5 Million in Cash at Closing and a 5-Year Royalty Valued at a Minimum of $1.65 Million