- Pet Valu (TSX:PET) raised more than C$2.2 million in monetary and product donations for more than 400 animal-related causes across Canada during its annual Pet Appreciation Month initiatives.
- This year’s donations are the highest raised since the Canadian pet food and pet supply retailer began Pet Appreciation Month in 2011.
- Select Pet Valu stores also found forever homes for more than 900 pets in need during its National Adoption Weekend.
- Shares of Pet Valu Holdings Ltd. were up 1.28 per cent, trading at C$27.75 at 12:23 pm.
Pet Valu (TSX:PET) announced Wednesday that it raised more than C$2.2 million in monetary and product donations for more than 400 animal-related causes across Canada in June during its annual Pet Appreciation Month initiatives.
In a news release, the Canadian pet food and pet supply retailer stated this year’s donations are the highest raised since Pet Appreciation Month began in 2011.
“We are so grateful for all the devoted pet lovers who helped make this year’s Pet Appreciation Month our most successful to date,” Tanbir Grover, chief digital and marketing officer at Pet Valu, said in a statement. “Every day, staff and volunteers at community animal rescues, shelters and charities across Canada work tirelessly with limited resources to provide much needed care for local animals in need. Thanks to the generous donations from devoted pet lovers across Canada we can provide essential funds and products to hundreds of animal rescues, shelters and charities from coast to coast.”
Throughout Pet Appreciation Month, the largest of Pet Valu’s Companions for Change annual initiatives, customers at each of its more than 700 Canadian stores outside of Quebec could purchase a paper PAW for a donation and dedicate it to a pet or loved one. Customers could also purchase and donate a product to the store’s designated local rescue or cause as 100 per cent of all donations went to a local rescue, shelter or cause. Since inception in 2011, Pet Appreciation Month has raised more than C$16 million worth of money and donations.
Select Pet Valu stores also found forever homes for more than 900 pets in need during its National Adoption Weekend. Over the years, Pet Valu National Adoption Weekends have helped find homes for more than 48,000 pets.
Pet Valu has a market cap of C$1.99 billion and closed a C$175 million bought deal offering of 5.903 million common shares worth $29.65 each in May.
Markham, Ontario-based Pet Valu is a leading retailer of pet food and pet-related supplies with more than 800 corporate-owned or franchised locations across Canada.
Shares of Pet Valu Holdings Ltd. (TSX:PET) were up 1.28 per cent, trading at C$27.75 at 12:23 pm Wednesday.
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(Top photo of dogs in a shelter: Adobe Stock)