Better Choice Sells Halo’s Business in Asia for $8.1 Million in Total Gross Proceeds Including $6.5 Million in Cash Up Front, the Equivalent of $3.34 Per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2025
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Source: Globenewswire
Transaction Overview: Better Choice Company, Inc. announced the successful sale of its Asian business subsidiary, Halo, Purely for Pets, to CZC Company LTD for $8.1 million, which includes a 5-year royalty agreement ensuring a minimum of $1.65 million in payments.
Strategic Focus: The sale allows Better Choice to concentrate on its core health and wellness products while enhancing financial flexibility, potentially leading to shareholder value maximization through stock repurchases or dividends.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
