Better Choice Acquires Aimia Pet Healthco to Enter the GLP1 Pet Market
February 09 2024 - 8:45AM
Better Choice Company (NYSE: BTTR) (“Better Choice” or “the
Company”), a pet health and wellness company, today announced the
acquisition of all the issued and outstanding common shares of
Aimia Pet Healthco Inc. (‘Aimia’). Better Choice will now be in a
position to manage the clinical trials internally in hopes to
develop a supplement to support weight loss in domestic animals.
More than half of all dogs and cats worldwide are classified as
overweight or obese and can suffer from the same weight-related
health complications as humans – including arthritis, diabetes, and
high blood pressure. Following the successful creation by Pfizer of
its Slentrol medication, Better Choice will work with Aimia to
develop treats and toppers to safely combat pet obesity.
The goal of the research and development work is to mirror the
weight loss benefits of leading brands for domestic animals and in
humans including Slentrol, Wegovy, Ozempic, and Mounjaro with added
protein and nutrients from the Company’s halo products to promote
lean muscle and overall pet health.
About Better Choice Company, Inc.Better Choice
Company Inc. is a pet health and wellness company focused on
providing pet products and services that help dogs and cats live
healthier, happier, and longer lives. We offer a broad portfolio of
pet health and wellness products for dogs and cats sold under our
Halo brand across multiple forms, including foods, treats, toppers,
dental products, chews, and supplements. We have a demonstrated,
multi-decade track record of success and are well positioned to
benefit from the mainstream trends of growing pet humanization and
consumer focus on health and wellness. Our products consist of
kibble and canned dog and cat food, freeze-dried raw dog food, and
treats, vegan dog food and treats, oral care products and
supplements. Halo’s core products are made with high-quality,
thoughtfully sourced ingredients for natural, science-based
nutrition. Each innovative recipe is formulated with leading
veterinary and nutrition experts to deliver optimal health. For
more information, please
visit https://www.betterchoicecompany.com .
Forward Looking StatementsThis 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.
Investor Contact:KCSA Strategic
CommunicationsValter Pinto, Managing DirectorT:
212-896-1254Valter@KCSA.com
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