Business
Ultrack Systems Inc. (OTC: MJLB) Signs MOU to Acquire Better Pets, a Leading Health-Focused Pet Product Brand
Ultrack Systems Inc. (OTC: MJLB) Signs MOU to Acquire Better Pets, a Leading Health-Focused Pet Product Brand.
About this update from Ultrack Systems, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Ultrack Systems Inc. (OTC: MJLB) Signs MOU to Acquire Better Pets, a Leading Health-Focused Pet Product Brand\r\n \r\n \r\n\r\n\r\nUltrack Systems Inc. (OTC: MJLB) Signs MOU to Acquire Better Pets, a Leading Health-Focused Pet Product Brand\r\n\r\n\r\n\r\n\r\n\r\nCONCORD, Ontario, May 01, 2025 (GLOBE NEWSWIRE) -- Ultrack Systems Inc. (OTC: MJLB) (\"Ultrack\" or the \"Company\") is pleased to announce it has entered into a Memorandum of Understanding (MOU) to acquire Better Pets, a premium pet wellness company proudly operating under the Better Health Sciences portfolio. This strategic move aligns with Ultrack’s broader mission to diversify and scale its operations into high-growth verticals—leveraging the booming $157 billion U.S. pet industry and the projected $350 billion global pet market by 2027. About Better Pets Better Pets specializes in health-conscious pet wellness products, offering: \r\n Proprietary, science-backed formulations\r\n Veterinary Product Numbers (VPNs) approved by Health Canada\r\n Strategic partnerships with leading distributors\r\n National retail presence across Canada and a growing U.S. expansion platform via e-commerce and strategic alliances\r\n Their portfolio includes joint support, anxiety relief, digestive health supplements, and skin & coat health solutions, all formulated with premium, sustainable ingredients Better Pets' mission mirrors emerging consumer trends: \r\n 70% of Gen Z pet owners now own two or more pets\r\n 43% of pet owners under 45 prioritize functional and natural pet health products\r\n E-commerce pet product sales have increased 30% year-over-year in North America\r\n Website Update: The official Better Pets website, www.mybetterpets.com, is currently being updated to reflect new products, partnerships, and corporate developments. Future plans include a full North American roll-out, supporting expanded retail and online availability across the U.S. and Canada. Strategic Benefits for Ultrack (MJLB) \r\n Immediate entry into the fastest-growing pet wellness segment\r\n Leveraging cross-border synergies in Canada and the U.S.\r\n Potential to capture share in the $2.9 billion U.S. pet CBD market projected by 2026\r\n Expansion opportunities via Better Pets’ existing distribution network and strong regulatory positioning\r\n Management ...