TAMPA, Fla., March 11, 2025 (GLOBE NEWSWIRE) — Better Choice Company, Inc. (NYSE American: BTTR), 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, a fully licensed and prominent provider of specialized pharmacy services in the U.S., through 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’s 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 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,” said 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.”
Founded in 2015, Choice Specialty Pharmacy Group 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’s commitment to becoming a leading North American healthcare services provider, offering high-quality patient care across borders.
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 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 https://www.
