- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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