Better Choice Company Signs Definitive Agreement to Acquire SRx Health for US$125 Million

Better Choice Company Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, today announced signing a definitive agreement to acquire SRx Health Solutions Inc. (‘SRx Health’), a leading provider of innovative healthcare solutions, in an all-stock transaction for approximately US$125 Million.

SRx Health operates one of the largest specialty pharmacy networks in Canada with 35 specialty pharmacy locations, 40 specialty health/infusion clinics, 4 clinical trial sites and 2 wholesale distribution facilities. Better Choice will continue to operate its portfolio of established premium and super-premium pet products under the Halo brand. Upon closing, Better Choice will emerge as a leading global health and wellness company by providing products and solutions for families to make better choices. The combined entity will leverage operational synergies including infrastructure and distribution, as well as implement growth strategies across both entities to launch into new verticals and geographies.

Wildeboer Dellelce LLP acted for Better Choice Company with a team that included Perry Dellelce, James Brown, Ragu Anantharajah, Sarah Wahba and Ana Savic (corporate/securities/mergers and acquisitions) and Mariam Al-Shikarchy (tax).