Better Choice Company Sees Investment By China's Boqii

by Shivani Kumaresan, Benzinga Staff Writer

July 6, 2021 3:01 PM | 1 min read | Make a Comment

Animal health and wellness company, Better Choice Company Inc BTTR, has received investment from Boqii Holding Ltd BQ, China's largest pet-focused platform.
The terms of the investment were not disclosed.
Better choice reported a loss of $0.23 per share in the first quarter of FY21, with an 11.4% decrease in sales year-on-year.
Boqii's cash and equivalents totaled $70.3 million as of December 31, 2020.
"We are thrilled to have buy in from our partners in China, as we view this market as one of our fastest-growing most profitable opportunities," said Better Choice Chairman Michael Young.
Price action: BTTR shares are trading lower by 1.91% at $4.36 on the last check Tuesday.