The Ledger
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Morris: New Tyson CEO Blocked Freshpet Funding to Force Distressed Takeover
“The last CEO that came in did not get along. And he said, let's get rid of all these other businesses. And they were basically like, well, what do we want to do with Fresh Pet? And he said, I don't care. Don't give them another penny. And because they had the …”
Morris: Tyson's Freshpet Investment Included Control Over Future Fundraising Terms
“They made an investment in us, and as part of the criteria, they had a basically a term in the agreement that means they could decide If they, we had had any other fundraising, what the terms were.”
Morris: Chairman Charlie Norris Provided Emergency Loan to Rescue Freshpet from Tyson
“And Charlie on his own the original angel investor and our chairman at that point stepped up and gave the company like an extended significant loan for a period of time in order to, for us to get through that period.”