2023-06-22 09:29:32 ET
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Better Choice Company ( NYSE: BTTR ) gets a $5M investment from Alphia, a custom manufacturer of super-premium pet food in the U.S., establishing a direct manufacturing relationship and stabilizing business outlook.
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The investment will also eliminate the debt held by Better Choice’s subsidiary brand Halo, Purely for Pets with Old Plank Trail Community Bank, an affiliate of Wintrust Bank and will offer improved liquidity and minimal financial covenants.
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Better Choice gets $5M strategic investment from Alphia