NEW YORK, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Better Choice Company (OTCQX: BTTR), an animal health and wellness company, today announced commencing a stock repurchase program beginning in the first quarter of 2021.

The Company’s Board of Directors has authorized repurchases of up to $2,000,000 of the Company’s ordinary shares, expiring on December 31, 2021. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. The repurchase program will be executed consistent with the Company's capital allocation strategy of prioritizing investment to grow the business over the long term.

Under the repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases, all in compliance with the rules of the United States Securities and Exchange Commission and other applicable legal requirements.

The repurchase program does not obligate the Company to acquire any particular number of ordinary shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.

Michael Young, Chairman of Better Choice, stated, “We believe that the current value of Better Choice Company’s stock does not reflect our growth prospects and the value of our proprietary brands and systems. This stock repurchase program provides the Company with an opportunity to provide liquidity to shareholders and increase shareholder value.”

Mr. Young continued, “Due to current market volatility as experienced by companies such as Gamestop (GME) and AMC Entertainment (AMC), and the ramifications this could have on the broader market the Better Choice Board has made the decision to be proactive, in to be advantageously positioned if such unreasonable market opportunities present themselves.”

About Better Choice Company, Inc.
Better Choice Company Inc. is a growing animal 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 animal 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 animal 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.