Better Choice Company Board of Directors Authorize Stock Repurchase Program
May 12 2022 - 9:20AM
Better Choice Company Inc. (NYSE: 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 $3 million of the currently
outstanding shares of the Company’s common stock, until December
31, 2022.
Shares may be repurchased in open market or private transactions
or pursuant to any trading plan that may be adopted in accordance
with Rule 10b5-1 of the Securities and Exchange Commission (“SEC”).
The timing and amount of any repurchases will depend on a number of
factors, including the availability of stock, general market
conditions, the trading price of the stock, alternative uses for
capital, and the Company’s financial performance. Open market
purchases will be made in accordance with Rule 10b-18 of the SEC
and other applicable legal requirements. The Company is not
obligated to repurchase any particular number of shares or any
shares in any specific time period. Payment for shares repurchased
under the program will be funded using the Company's cash on
hand.
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 and TruDog brands, which are 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.
Forward Looking Statements
This 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.Scott Lerner, CEO
Investor Contact:KCSA Strategic
CommunicationsValter Pinto, Managing DirectorT:
212-896-1254Valter@KCSA.com
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