Betterlife Pharma Inc's Suppliers recorded an increase in sales by 0.35 % year on year in Q1 2025, from the previous quarter, sales fell by -39.72 %, while their net profit margin fell to 9.25 % year on year, compared to the previous quarter Betterlife Pharma Inc's Suppliers had a lower net margin at -39.72 %,
Betterlife Pharma Inc's Suppliers recorded an increase in sales by 0.35 % year on year in Q1 2025, from the previous quarter, sales fell by -39.72 %, while their net profit margin fell to 9.25 % year on year, compare to previous quarter BETR's Suppliers had lower net margin at 9.25 %,
Raw Materials: The principal ingredients to manufacture our products include popcorn
kernels, white corn, sunflower oil, canola oil and seasonings. Our packaging supplies
consists of flexible film, cartons, trays and pouches. All of our raw materials
are purchased according to rigorous standards to assure food quality and safety.
These raw materials are generally available in adequate quantities from numerous
sources and are often contracted out three to twelve months. We visit with major
suppliers to procure competitively priced, quality materials that meet our standards.
Manufacturing: We rely on independent manufacturers, referred to as co-manufacturers
in our industry, to manufacture our products. Outsourcing allows us to operate
an asset-light business model and focus our efforts on innovation, marketing
and sales. Our co-manufacturers are regularly audited by third parties and are
required to follow rigorous food safety guidelines. We believe our co-manufacturers
have the capacity to meet our current and near-term supply needs. We monitor
capacity and performance of our manufacturing partners and will qualify alternate
suppliers as needed. We have two different arrangements with our co-manufacturers.
For the majority of our business, we supply the raw materials and the co-manufacturer
is paid an agreed-upon tolling charge for each item produced. Other co-manufacturers
supply items to us for a negotiated price.
Quality Control: Our products are manufactured in facilities that have programs
and controls in place regarding consistent quality and food safety. Product
attributes, such as taste, aroma, texture and appearance are regularly monitored.
Good Manufacturing Practices ("GMP") and comprehensive Food Safety
programs are designed to produce a safe, wholesome product. Our suppliers are
required to have equally robust processes in place and confirm their compliance
with product specifications with Letters of Guaranty and Certificates of Analysis
for shipments of raw materials to be used in our Products. Finally, random samples
of our finished goods are sent regularly to a third-party laboratory for testing.
Betterlife Pharma Inc's Comment on Supply Chain
Raw Materials: The principal ingredients to manufacture our products include popcorn
kernels, white corn, sunflower oil, canola oil and seasonings. Our packaging supplies
consists of flexible film, cartons, trays and pouches. All of our raw materials
are purchased according to rigorous standards to assure food quality and safety.
These raw materials are generally available in adequate quantities from numerous
sources and are often contracted out three to twelve months. We visit with major
suppliers to procure competitively priced, quality materials that meet our standards.
Manufacturing: We rely on independent manufacturers, referred to as co-manufacturers
in our industry, to manufacture our products. Outsourcing allows us to operate
an asset-light business model and focus our efforts on innovation, marketing
and sales. Our co-manufacturers are regularly audited by third parties and are
required to follow rigorous food safety guidelines. We believe our co-manufacturers
have the capacity to meet our current and near-term supply needs. We monitor
capacity and performance of our manufacturing partners and will qualify alternate
suppliers as needed. We have two different arrangements with our co-manufacturers.
For the majority of our business, we supply the raw materials and the co-manufacturer
is paid an agreed-upon tolling charge for each item produced. Other co-manufacturers
supply items to us for a negotiated price.
Quality Control: Our products are manufactured in facilities that have programs
and controls in place regarding consistent quality and food safety. Product
attributes, such as taste, aroma, texture and appearance are regularly monitored.
Good Manufacturing Practices ("GMP") and comprehensive Food Safety
programs are designed to produce a safe, wholesome product. Our suppliers are
required to have equally robust processes in place and confirm their compliance
with product specifications with Letters of Guaranty and Certificates of Analysis
for shipments of raw materials to be used in our Products. Finally, random samples
of our finished goods are sent regularly to a third-party laboratory for testing.
BETR's Suppliers Net profit fell by
BETR's Suppliers Net margin fell in Q1 to
-36.82 %
9.25 %
BETR's Suppliers Net profit fell by -36.82 %
BETR's Suppliers Net margin fell in Q1 to 9.25 %
Betterlife Pharma Inc's Suppliers Sales Growth
in Q1 2025 by Industry
Sources:
Betterlife Pharma Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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