Brooklyn, N.Y., March 1, 2019 –Sport Endurance, Inc. (OTCQB: SENZ) (the “Company”), to be reincorporated as Better Choice Company, Inc., today announced entering into definitive agreements to acquireTruPet LLC (“TruPet”), a family-owned animal health company dedicated to supplying the TruDog line of nutritional treats, supplements, and pet care products for dogs, cats, and horses, and Bona Vida Inc. (“Bona Vida”), a CBD platform, focused on developing a portfolio of brand and product verticals within the animal and human health and wellness space. Financial terms of the transactions were not disclosed.
David Lelong, Chief Executive Officer of Sport Endurance, stated, “The definitive agreements to acquire TruPet and Bona Vida supports the shift in our brand to Better Choice Company, an animal and adult health and wellness company. TruPet will add key strengths to our company, such as: a broad product line, a proven marketing track record, a loyal customer base, brand recognition, and a growth-driven business strategy. Together, with Bona Vida’s extensive knowledge and reach within the CBD industry, we believe that the combination of these businesses, positions us for growth in a rapidly emerging industry. As a result of these acquisitions, we fully expect to increase our market share in the existing animal health market while capitalizing on the high growth we expect within the CBD industry. Importantly, legislation and industry reform is expected to continue supporting our platform and we look forward to capitalizing on this trend.”
“The founders and executives of TruPet and Bona Vida have created great companies with ambitious goals and solid execution strategies. Through the acquisition of TruPet and Bona Vida, we are excited to have the integrated team focus on accelerating the growth of current product lines, while capturing the market potential of CBD,” commented Michael Young, Chairman of the Board of the Company. “Going forward, we plan to expand both our manufacturing and distribution in the United States through new markets such as Nashville, Tennessee and abroad with the goal of becoming a dominant player worldwide.”
About TruPet, LLC.
TruPet, LLC and TruDog, a division of TruPet, were founded in 2013 by Lori Taylor. The family-owned animal health company based in Ohio currently employs 52 animal-loving employees. The company began after founder Lori Taylor lost her Great Dane, Truman, to cancer at an early age. Determined to find out why her vibrant dog developed cancer, she set out to learn the truth about pet products. Through her research, she discovered that most commercial products simply do not provide the level of nutrition and quality that dedicated pet parents demand, so she developed her own brand of freeze dried, biologically appropriate raw products for dogs. TruDog is the first division of TruPet LLC, which will eventually launch lines of food, supplements, and pet care products for dogs, cats, and horses. The company is named in honor of Truman, the Great Dane who sparked the search for better pet products.
About Bona Vida Inc.
Bona Vida is a developer of a portfolio of brand and product verticals within the animal and adult health and wellness space and plans to become the preeminent player in the hemp-derived CBD industry. Importantly, Bona Vida will only be sourcing CBD from industrial hemp. Bona Vida is developing and operating in the hemp-derived CBD space and will focus on the following markets: Pets (dogs and cats), Veterinary, Livestock and human health and wellness. For more information, please visit: www.bonavida.com. Bona Vida can be reached at: [email protected].
About Sport Endurance, Inc., to be Reincorporated as Better Choice Company, Inc.
At the foundation of Sport Endurance is the belief that good health practices and nutrition contribute to and promote a higher quality of life. The goal of Sport Endurance is to improve the health of others by providing quality and effective nutritional supplement products. Sport Endurance is currently seeking opportunities in the CBD and hemp, industries. For more information, please visit http://www.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s ability to expand the TruPet and Bona Vida businesses, growth in the CBD industry, and the combined companies’ ability to develop additional product lines in the pet and CBD industries and capitalizing on the CBD and hemp trend. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Important factors that could cause actual results to differ from those in the forward-looking statements include our inability to raise sufficient capital to implement our business plan, our inability to develop successful CBD, pet, or other product lines, our inability to successfully integrate the businesses, unanticipated issues which prevent the closing of the acquisitions , the future short-term market for our common stock and the market for microcap companies in general. Further information on our risk factors is contained in our filings with the SEC. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Sport Endurance, Inc.
David Lelong, President and CEO