Better Choice Company Plans $2M Share Buyback Program

Animal health and wellness firm Better Choice Company Inc's BTTR board has authorized a stock repurchase program of up to $2 million of its outstanding common stock, valid until December 31, 2021.
Better Choice will fund repurchases through cash on hand.
"We believe the repurchase program is an excellent opportunity to buy our common shares at a significant discount to their intrinsic value," said chairman Michael Young.
The company held $2.5 million in cash and equivalents as of June 30, 2021.
Price Action: BTTR shares are trading lower by 1.73% at $3.40 on the last check Tuesday.