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ELSE Nutrition HLDGS INC (BABYF) is a company focused on offering innovative, plant-based, and clean-label nutrition products for infants, toddlers, and children. Their products cater to health-conscious parents seeking wholesome alternatives to traditional dairy-based nutrition. ELSE Nutrition has made significant strides in the market, with recent achievements including the listing of their product range in Quebec, a market with a population of 10 million people. The company's commitment to providing high-quality, plant-powered shakes has led to their availability in over 300 locations nationwide. ELSE Nutrition's products have been recognized for their excellence and suitability for families, further expanding their reach by being available at Midwest retailers. With a strong emphasis on natural health and clean ingredients, ELSE Nutrition is poised for continued growth and success in the nutrition industry.
Else Nutrition reported Q3 2024 financial results with revenue increasing 5% year-over-year to $1.8 million, compared to $1.71 million in Q3 2023. Operating expenses were $3.6 million, up from $3.5 million in the previous year. The company's cash balance stood at $0.9 million as of September 30, 2024.
The company is expanding its retail presence through a pilot program with Costco, potentially leading to distribution in over 100 Canadian locations. Additionally, they're finalizing arrangements to offer kids RTD products in 900+ new US grocery stores. Else is also preparing to launch its Adult RTD product, with first commercial production scheduled for late 2024.
Else Nutrition Holdings has launched a 12-week pilot program with a multinational wholesale retailer to introduce its Plant-Powered Ready-to-Drink Kids Nutrition Shakes in 11 warehouse locations across Canada. The program features endcap displays and product sampling demos, aiming to validate demand for a potential national rollout in 2025. The initiative serves as a strategic entry point for both Canadian market expansion and potential entry into the United States.
Else Nutrition Holdings (TSX: BABY) (OTCQX: BABYF) has announced a business update conference call scheduled for November 14, 2024 at 10:00 a.m. Eastern Time. The call will discuss the company's third quarter 2024 financial results for the period ended September 30, 2024, along with corporate progress and developments. The conference will be accessible via telephone and webcast, with replay options available through November 14, 2025. Participants can submit questions via email to baby@crescendo-ir.com.
Else Nutrition Holdings Inc. (BABY) (BABYF) (0YL.F) has announced the launch of its plant-powered, Ready-to-Drink Kids Shakes at a premier upscale grocery chain in Southern California. Starting September, the shakes will be available in 19 locations across the region, offered in Chocolate and Vanilla flavors. This partnership aligns with both companies' focus on providing high-quality, healthy food options.
The grocery chain, known for its quality, freshness, and exceptional shopping experience, spans from Santa Barbara to Los Angeles to Palm Springs. Else Nutrition's Kids Shakes are plant-based, dairy-free, soy-free, and free from added sugars, offering a balanced nutritional profile that complements the chain's commitment to culinary innovation and premium food choices.
Else Nutrition Holdings Inc. (TSX: BABY) (OTCQX: BABYF) reported Q2 2024 financial results, showing a 23% revenue increase to $2.6 million compared to Q1 2024. The company experienced significant retail sales growth, with 88% increase in the U.S. and 111% in Canada over Q1 2024. Else Nutrition expanded its market presence by adding major retailers like Wegmans, HEB, Meijer, and 600 new Walmart U.S. stores. The company also launched its Kids RTD line at Loblaws, Giant, and Metro, and added Walmart's Canadian website. Gross profit improved to $263 thousand (10% of revenue) in Q2 2024, compared to a gross loss in Q2 2023. The company moved its U.S. powder production to a new plant, reducing production costs by almost half, and plans to add another facility in Europe for further cost savings.
Else Nutrition Holdings Inc. (TSX: BABY) (OTCQX: BABYF) has announced a business update conference call scheduled for August 14, 2024, at 10:00 a.m. Eastern Time. The call will cover the company's financial results for the second quarter of 2024, ending June 30, as well as corporate progress and other developments. Investors can access the call via telephone or webcast, with replay options available until August 14, 2025. The company, known for its innovative approach to children's nutrition, invites interested parties to learn more about its offerings at www.elsenutrition.com.
Else Nutrition Holdings Inc. (TSX: BABY) (OTCQX: BABYF) has announced an expanded partnership with one of the world's largest retailers, launching its entire product line on the retailer's Canadian online store in August 2024. This move follows strong growth in the United States and aims to bring Else's nutritious offerings to the Canadian market. The partnership aligns with the retailer's omni-channel strategy in Canada, allowing Canadian consumers to purchase Else's full range of products, including Toddler Nutrition, Kids Shakes, Ready-To-Drink (RTD) nutrition shakes, and Cereals.
The retailer's Canadian division serves 1.5 million customers daily through 403 stores nationwide and receives over 1.5 million daily visits to its e-store. This partnership provides Else Nutrition with significant reach to Canadian families seeking healthier nutritional options. The company's CEO, Hamutal Yitzhak, emphasized the importance of this milestone in connecting with health-conscious Canadian families and providing clean, plant-based nutrition for children.
Else Nutrition Holdings Inc. (BABY) (BABYF) has announced a partnership with the Navy Exchange Service Command (NEXCOM), expanding its reach to U.S. military personnel and their families. The company's first purchase order was shipped in June 2024, bringing its full range of plant-based nutritional products to NEXCOM's retail stores.
Products now available through NEXCOM include:
- Toddler Organic nutrition drink
- Toddler Omega drink
- Kids Shake Mixes
- Baby Super Cereals
- Ready-to-Drink Kids Shakes
Else Nutrition (BABYF) has successfully launched its products at 308 locations of a leading independent grocery chain, primarily in Texas. This rollout includes four key SKUs: Else Toddler Organic, available in all 308 locations, and Else Toddler Omega, Ready-to-Drink (RTD) Chocolate, and Ready-to-Drink (RTD) Vanilla, available at select stores. The rollout started in mid-June 2024 and aims to expand the availability of Else's plant-based nutrition products across the U.S.
CEO Hamutal Yitzhak highlighted that this milestone aligns with the company's mission to deliver high-quality, organic nutrition to more families and strengthen their market presence.
Else Nutrition has successfully launched its new ready-to-drink kids shakes in 276 stores of a major Midwest retailer as of the first week of June 2024. This rollout includes prime shelf positioning and competitive pricing, enhancing visibility and value for consumers. The retailer, known for its high-quality offerings and exceptional customer service, operates extensively in Michigan, Illinois, Indiana, Kentucky, Ohio, and Wisconsin. This partnership is a strategic move to expand Else Nutrition's footprint in the U.S. market, offering nutritious, plant-based options to families. The available products include the Else Toddler Organic Plant-Based Complete Nutrition Drink, Else Toddler Omega Complete & Balanced Nutrition Drink, and ready-to-drink kids shakes in chocolate and vanilla flavors.
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