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Midas Edge

Better Choice Co Inc

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

SRXH$0.81+1.5%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

Part I
1.Unaudited Condensed Consolidated Financial Statements5
2.Management’s Discussion and Analysis of Financial Condition and Results of Operations19
3.Quantitative and Qualitative Disclosures About Market Risk27
4.Controls and Procedures27
Part II
1.Legal Proceedings29
1A.Risk Factors29
2.Unregistered Sales of Equity Securities and Use of Proceeds29
3.Defaults Upon Senior Securities29
4.Mine Safety Disclosures29
5.Other Information29
6.Exhibits30
Signatures31

FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact included in this report are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “aim,” “anticipate,” “believe,” “can,” “could,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “may,” “outlook,” “plan,” “potential,” “project,” “projection,” “seek,” “should,” “will,” “would,” the negatives thereof and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. They appear in a number of places throughout this report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, but not limited to, those summarized below:

●our ability to continue as a going concern;
●the impact of damage to or interruption of our information technology systems due to cyber-attacks or other circumstances beyond our control;
●business interruptions resulting from geopolitical actions, including war and terrorism;
●our ability to successfully implement our growth strategy;
●failure to achieve growth or manage anticipated growth;
●our ability to achieve or maintain profitability;
●the loss of key members of our senior management team;
●our ability to generate sufficient cash flow or raise capital on acceptable terms to run our operations, service our debt and make necessary capital expenditures;
●our dependence on our subsidiaries for payments, advances and transfers of funds due to our holding company status;
●our ability to successfully develop additional products and services or successfully market and commercialize such products and services;
●competition in our market;
●our ability to attract new and retain existing customers, suppliers, distributors or retail partners;
●allegations that our products cause injury or illness or fail to comply with government regulations;
●our ability to manage our supply chain effectively;
●our or our co-manufacturers’ and suppliers’ ability to comply with legal and regulatory requirements;
●the effect of potential price increases and shortages on the inputs, commodities and ingredients that we require, whether as a result of the continued actual or perceived effects of broader geopolitical and macroeconomic conditions, including the military conflict between Russia and Ukraine;
●our ability to develop and maintain our brand and brand reputation;
●compliance with data privacy rules;
●our compliance with applicable regulations issued by the U.S. Food and Drug Administration (“FDA”), the U.S. Federal Trade Commission (“FTC”), the U.S. Department of Agriculture (“USDA”), and other federal, state and local regulatory authorities, including those regarding marketing pet food, products and supplements;
●risk of our products being recalled for a variety of reasons, including product defects, packaging safety and inadequate or inaccurate labeling disclosure;
●risk of shifting customer demand in relation to raw pet foods, premium kibble and canned pet food products, and failure to respond to such changes in customer taste quickly and effectively; and
●the other risks identified in this Quarterly Report including, without limitation, Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and Part II, Item 1A “Risk Factors” as such factors may updated from time to time in our other public filings

NOTE REGARDING TRADEMARKS

We own or have rights to use the trademarks and trade names that we use in conjunction with the operation of our business. Each trademark or trade name of any other company appearing in this Quarterly Report on Form 10-Q is, to our knowledge, owned by such other company. Solely for convenience, our trademarks and trade names referred to in this Quarterly Report on Form 10-Q may appear without the® or ™ symbols, but those references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the right of the applicable licensor to these trademarks and trade names.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.