Jun. 12 at 7:32 PM
$MJLB AI Overview
Pet Wellness Focus:
Ultrack Systems is now heavily invested in the pet wellness market through the acquisition of Better Pets.
Financial Details:
The deal is valued at
$5-6 million and is expected to generate recurring revenue in the coming years.
Strategic Acquisition:
Ultrack is aiming to expand its market vision and momentum into the
$325 billion pet wellness industry.
Trademark Application:
Better Pets has filed a U.S. trademark class application for its pet wellness product line, including Class 3 (non-medicated), Class 5 (medicated/supplements), and Class 31 (edible products).
Product Line:
The product line includes grooming items, nutritional supplements, and wellness-focused treats, catering to the growing demand for premium pet care solutions.
Future Plans:
New proprietary SKUs are under development, suggesting continued expansion as consumer demand grows.
No Reverse Split:
According to a post on X, there will be no reverse split in 2025.