{"id":824340,"date":"2025-03-11T09:18:08","date_gmt":"2025-03-11T13:18:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\/"},"modified":"2025-03-11T09:18:08","modified_gmt":"2025-03-11T13:18:08","slug":"better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\/","title":{"rendered":"Better Choice Company Signs Binding Letter of Intent to Acquire Choice Specialty Pharmacy, Expanding U.S. Presence"},"content":{"rendered":"
\n

TAMPA, Fla., March 11, 2025 (GLOBE NEWSWIRE) — Better Choice Company, Inc. (NYSE American: BTTR) (\u201cBetter Choice\u201d or the \u201cCompany\u201d), a pet health and wellness company, today announced that it has signed a binding Letter of Intent (LOI) to acquire 100% of Choice Specialty Pharmacy<\/a> Group (\u201cSeller\u201d), a fully licensed and prominent provider of specialized pharmacy services in the U.S.,\u00a0through an option purchase agreement. This acquisition is expected to further strengthen Better Choice’s specialty pharmacy presence in the U.S. and the purchase price is based on 6X of Seller\u2019s FY2024 Adjusted EBITDA1<\/sup> of approximately USD $4.68 million1<\/sup>, and consideration will be comprised of stock and cash at closing.<\/p>\n

“With the addition of Choice Specialty Pharmacy Group alongside our SRx platform in Canada, we are now executing on our strategy to build a healthcare services company with significant market share in North America. Additionally, with the closing of Choice Specialty we will now have a sterile compounding facility in the U.S. and are well positioned to capitalize on strong industry tailwinds, leverage best practices of both companies and realize operating efficiencies,”\u00a0said Michael Young, Chairman of Better Choice. “This marks an exciting step in our expansion strategy, and we look forward to further growing our presence in the U.S. market.”<\/p>\n

Founded in 2015, Choice Specialty Pharmacy\u00a0Group is a fully licensed provider across multiple states, offering a range of services including specialty pharmacy, infusion clinic services, and a sterile compounding facility. The acquisition strengthens Better Choice\u2019s commitment to becoming a leading North American healthcare services provider, offering high-quality patient care across borders.<\/p>\n

\n About Better Choice Company Inc. <\/strong>
\n
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\u2019s health. We sell our dog food, cat food and treats under the Halo brand, which is focused on providing sustainably sourced kibble and canned food derived from real whole meat, and minimally processed raw-diet food and treats. For more information, please visit\u00a0https:\/\/www.betterchoicecompany.com<\/a>.<\/p>\n

\n Forward Looking Statements<\/strong>
\n
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words \u201cbelieve,\u201d \u201cmay,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cshould,\u201d \u201cplan,\u201d \u201ccould,\u201d \u201ctarget,\u201d \u201cpotential,\u201d \u201cis likely,\u201d \u201cwill,\u201d \u201cexpect\u201d 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\u2019s 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.<\/p>\n\n\n\n
\u00a0<\/td>\n(1)<\/td>\nAdjusted EBITDA is a non-GAAP measure of unaudited calendar year 2024 results. The Company expects to receive audited results from the seller post the closing of the option purchase agreement.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Company Contact:<\/strong>
\n
Better Choice Company, Inc.
Kent Cunningham, CEO<\/p>\n

\n Investor Contact:<\/strong>
\n
KCSA Strategic Communications
Valter Pinto, Managing Director
T: 212-896-1254
Valter@KCSA.com<\/a><\/p>\n<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TAMPA, Fla., March 11, 2025 (GLOBE NEWSWIRE) — Better Choice Company, Inc. (NYSE American: BTTR) (\u201cBetter Choice\u201d or the \u201cCompany\u201d), a pet health and wellness company, today announced that it has signed a binding Letter of Intent (LOI) to acquire 100% of Choice Specialty Pharmacy Group (\u201cSeller\u201d), a fully licensed and prominent provider of specialized pharmacy services in the U.S.,\u00a0through an option purchase agreement. This acquisition is expected to further strengthen Better Choice’s specialty pharmacy presence in the U.S. and the purchase price is based on 6X of Seller\u2019s FY2024 Adjusted EBITDA1 of approximately USD $4.68 million1, and consideration will be comprised of stock and cash at closing. “With the addition of Choice Specialty Pharmacy Group alongside our SRx platform … <\/p>\n

Continue reading “Better Choice Company Signs Binding Letter of Intent to Acquire Choice Specialty Pharmacy, Expanding U.S. Presence”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-824340","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBetter Choice Company Signs Binding Letter of Intent to Acquire Choice Specialty Pharmacy, Expanding U.S. Presence - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Better Choice Company Signs Binding Letter of Intent to Acquire Choice Specialty Pharmacy, Expanding U.S. Presence - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TAMPA, Fla., March 11, 2025 (GLOBE NEWSWIRE) — Better Choice Company, Inc. (NYSE American: BTTR) (\u201cBetter Choice\u201d or the \u201cCompany\u201d), a pet health and wellness company, today announced that it has signed a binding Letter of Intent (LOI) to acquire 100% of Choice Specialty Pharmacy Group (\u201cSeller\u201d), a fully licensed and prominent provider of specialized pharmacy services in the U.S.,\u00a0through an option purchase agreement. This acquisition is expected to further strengthen Better Choice’s specialty pharmacy presence in the U.S. and the purchase price is based on 6X of Seller\u2019s FY2024 Adjusted EBITDA1 of approximately USD $4.68 million1, and consideration will be comprised of stock and cash at closing. “With the addition of Choice Specialty Pharmacy Group alongside our SRx platform … Continue reading "Better Choice Company Signs Binding Letter of Intent to Acquire Choice Specialty Pharmacy, Expanding U.S. Presence"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-11T13:18:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5MTk1MCM2Nzk4OTcxIzIwOTg4MjA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Better Choice Company Signs Binding Letter of Intent to Acquire Choice Specialty Pharmacy, Expanding U.S. Presence\",\"datePublished\":\"2025-03-11T13:18:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\\\/\"},\"wordCount\":688,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM5MTk1MCM2Nzk4OTcxIzIwOTg4MjA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/better-choice-company-signs-binding-letter-of-intent-to-acquire-choice-specialty-pharmacy-expanding-u-s-presence\\\/\",\"name\":\"Better Choice Company Signs Binding Letter of Intent to Acquire Choice Specialty Pharmacy, Expanding U.S. Presence - 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