Better Choice Company Sees Investment By China's Boqii

  • Animal health and wellness company, Better Choice Company Inc BTTRhas 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.
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