Core Points - SRx Health Solutions, Inc. received a notice from NYSE Regulation indicating non-compliance with listing standards due to the failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 [1] - The company is currently working with auditors to complete the delinquent report and anticipates filing it before the cure period deadline [3] - The notice does not immediately affect the trading of the company's common stock, and the company is confident in regaining compliance with the exchange's listing standards [4] Company Overview - SRx Health Solutions, Inc. is a leading integrated healthcare services provider in Canada, operating within the specialty healthcare industry across all ten provinces [5] - The company focuses on creating patient-centric strategies and solutions to improve wellness and exceed client expectations [5]

Core Viewpoint - SRx Health Solutions, Inc. announced that its subsidiary, SRx Health Solutions (Canada), Inc., has obtained an Initial Order under the Companies' Creditors Arrangement Act in Canada, allowing for restructuring and financing to stabilize operations and explore potential sales of its business or assets [1][2]. Group 1: Initial Order and CCAA Proceedings - The Ontario Superior Court of Justice granted an Initial Order for SRx Canada under the CCAA, enabling the company to restructure its operations [1][2]. - The Initial Order includes a stay of proceedings in favor of SRx Canada and the appointment of Grant Thornton Limited as the Monitor [6]. Group 2: Financing and Operations - SRx Canada has secured debtor-in-possession (DIP) financing of up to $1,750,000, which will be used for working capital needs and to support ongoing operations during the restructuring process [2][6]. - The DIP financing is expected to provide the necessary time and stability for SRx Canada to complete a Sale Process, which may involve selling all or substantially all of its business or assets [2]. Group 3: Company Overview - SRx Health Solutions, Inc. is a leading integrated healthcare services provider in Canada, operating across all ten provinces and focusing on specialty healthcare services [4]. - The company combines industry knowledge, technology, and a patient-centric approach to enhance patient care and wellness initiatives in Canada [4].

Core Viewpoint - SRx Health Solutions, Inc. has successfully closed a $7.3 million convertible note financing and secured a $50 million equity line of credit, significantly strengthening its balance sheet and providing additional working capital for growth initiatives [1][2] Financing Details - The $7.3 million financing was led by insiders and existing investors, marking a pivotal milestone in the company's transformation into a leading North American healthcare provider [1][2] - The $50 million equity line of credit (ELOC) provides the company with the option to pursue accretive M&A opportunities in the U.S. while scaling its specialty pharma platform in Canada [2] Strategic Focus - The combined proceeds from the financing will support SRx Health's acquisition pipeline in the U.S., enhance its Canadian specialty pharma footprint, and invest in next-generation capabilities to improve patient access and operational efficiency [2][3] - SRx Health operates as an integrated healthcare services provider within the specialty healthcare industry, with a network that spans all ten Canadian provinces [3]

TAMPA, Fla., June 11, 2025 (GLOBE NEWSWIRE) -- SRx Health Solutions, Inc. (NYSE American: SRXH) (the “Company”), a leading global health and wellness company, today announced the following management team and Board of Directors changes. Lionel Conacher, current Board member, has been appointed as Chairman of the Board, Adesh Vora, current Executive Chairman, will remain on Board and be appointed Chief Executive Officer, Kent Cunningham, current Chief Executive Officer, will assume role as President, and Nin ...

Core Viewpoint - SRx Health Solutions, Inc. is diversifying its treasury strategy by purchasing Ethereum (ETH) and has sold $1.5 million of Solana Tokens (SOL) to enhance long-term value for shareholders [1][2]. Company Overview - SRx Health Solutions, Inc. is a leading integrated healthcare services provider in Canada, operating across all ten provinces and focusing on specialty healthcare [3]. - The company combines industry knowledge, technology, and a patient-centric approach to deliver customized healthcare solutions [3].

Core Insights - SRx Health Solutions Inc. reported a significant improvement in its financial performance for Q1 2025, with EPS improving by 90% year-over-year to $(0.37) and adjusted EBITDA loss improving by 54% to $(0.6) million [1][9] - The company generated net sales of $7.2 million, a decrease of 9% year-over-year, primarily due to the closure of Halo's direct-to-consumer channel [4][9] - The merger with SRx Health Solutions was completed on April 24, 2025, leading to a name change from Better Choice Company Inc. to SRx Health Solutions Inc. [2] Financial Performance - Adjusted EBITDA margin improved by 865 basis points year-over-year to (9)% [1][9] - Net loss improved by 66% year-over-year to $(1.0) million [9] - Gross margin remained consistent at 33% [9] Operational Highlights - The company executed a digital-first strategy and shifted marketing investments to enhance brand awareness [2] - Inventory levels improved by approximately 50% over the last 15 months, with fill rates averaging 98% for the quarter [2] - The financial results reported only reflect US operations prior to the merger and do not include Canadian operations [2] Liquidity and Capital Resources - As of March 31, 2025, cash and cash equivalents totaled $1.1 million [5]

Core Viewpoint - SRx Health Solutions, Inc. is diversifying its treasury strategy by investing in cryptocurrencies, including Bitcoin and Solana, as part of its asset diversification plan [1][2][3]. Group 1: Investment Strategy - The company has allocated $1.5 million to purchase Solana Tokens (SOL) and plans to invest up to 10% of future cash flows and cash reserves into cryptocurrencies and precious metals [2]. - The Chairman of SRx Health Solutions, Adesh Vora, stated that the diversification of assets is aimed at enhancing financial resilience and creating long-term value for shareholders [3]. Group 2: Future Plans - The company is considering the establishment of a crypto treasury strategy, which could be developed as a separate subsidiary or integrated into the existing health and wellness platform with a suitable industry partner [4]. Group 3: Company Overview - SRx Health Solutions, Inc. is a Canadian healthcare services provider operating within the specialty healthcare industry, with a network that spans all ten Canadian provinces [5]. - The company focuses on creating strategies and solutions that exceed client expectations and improve patient care initiatives [5].

Core Viewpoint - SRx Health Solutions, Inc. plans to establish a subsidiary to borrow cryptocurrencies like Solana and Bitcoin against its Halo assets, aiming to enhance financial flexibility for its business operations [1][2]. Group 1: Company Strategy - The proposed subsidiary will allow SRx to leverage its Halo profits in exchange for cryptocurrency, thereby limiting dilution for common shareholders while providing operational financial flexibility [2]. - The capital raised through this initiative will be directed towards marketing and sales budgets for the Halo brand, indicating a strategic focus on growth and market presence [2]. Group 2: Company Overview - SRx Health Solutions, Inc. is a Canadian healthcare services provider operating in the specialty healthcare industry, with a network that spans all ten Canadian provinces [3]. - The company emphasizes a patient-centric approach, combining industry knowledge and technology to deliver customized healthcare solutions that aim to improve wellness for Canadians [3].

TAMPA, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- SRx Health Solutions, Inc. (NYSE American: SRXH) (the “Company”), a leading global health and wellness company, today announced it will host a conference call and webcast on Thursday, May 15, 2025, at 4:30 p.m. ET to discuss its financial results for the first quarter 2025 and provide a business update. Conference Call and Webcast Information:Event: First Quarter 2025 Financial Results Conference CallDate: Thursday, May 15, 2025Time: 4:30 p.m. Eastern TimeLive C ...

Core Viewpoint - SRx Health Solutions, Inc. plans to allocate up to 10% of future cash flows and cash reserves into cryptocurrencies and precious metals to enhance financial resilience and create long-term value for shareholders [1][2]. Company Overview - SRx Health Solutions, Inc. is a leading integrated healthcare services provider in Canada, operating within the specialty healthcare industry across all ten provinces [2]. - The company focuses on delivering comprehensive, integrated, and customized specialty healthcare services, leveraging industry knowledge and technology to improve patient care [2]. Strategic Initiative - The initiative to diversify into cryptocurrencies and precious metals, including Bitcoin (BTC) and Solana (SOL), aims to protect capital and strengthen the company's balance sheet in a changing economic environment [1][2].