Else Nutrition Retains Generation IACP Inc. for Investor Relations

Rhea-AI Summary

Else Nutrition Holdings Inc. (BABYF) has engaged Generation IACP Inc. as a market maker, complying with TSX Venture Exchange regulations. The engagement, effective for six months, involves a monthly fee of C$7,500, increasing by 3% annually after the first year. No additional compensation will be provided. Else specializes in plant-based nutrition products for infants and children, achieving recognition for innovation and sales performance, particularly on platforms like Amazon.

Positive

• Engaged Generation IACP Inc. as a market maker for enhanced market presence.
• Monthly fee for market-making services set at C$7,500, showing planned financial stability.
• Plant-based nutrition products gaining recognition and sales success.

Negative

• None.

VANCOUVER, British Columbia, Oct. 08, 2021 (GLOBE NEWSWIRE) -- ELSE NUTRITION HOLDINGS INC. (BABY.V) (BABYF) (0YL.F) ("Else" or the "Company") the Plant-Based baby, toddler and children nutrition company, announces that it has engaged the services of Generation IACP Inc. (“Generation”) to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. As consideration for the services Generation will receive a monthly fee of C$7,500 (plus applicable taxes). The agreement between the Company and Generation is for an initial term of six (6) months and will be automatically renewed for subsequent six (6) month periods (collectively, the “Term”) unless the Company provides written notice of termination to Generation at least 30 days prior to the end of the Term or Generation provides a written notice of termination to the Company. Commencing on the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3%. No stock options or other compensation are being granted to Generation in connection with the engagement.

About Else Nutrition Holdings Inc.

Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula. Else Nutrition (formerly INDI) won the "2017 Best Health and Diet Solutions" award at the Global Food Innovation Summit in Milan. Else Plant-Based Complete Nutrition for Toddlers was recently ranked as the #1 Top seller in the baby and toddler formula category on Amazon. The holding company, Else Nutrition Holdings Inc., is a publicly traded company, listed as TSX Venture Exchange under the trading symbol BABY and is quoted on the US OTC Markets QX board under the trading symbol BABYF and on the Frankfurt Exchange under the symbol 0YL. Else's Executives includes leaders hailing from leading infant nutrition companies. Many of Else advisory board members had past executive roles in companies such as Mead Johnson, Abbott Nutrition, Plum Organics and leading infant nutrition Societies, and some of them currently serve in different roles in leading medical centers and academic institutes such as Boston Children's Hospital, Pediatrics at Harvard Medical School, USA, Tel Aviv University, Schneider Children's Medical Center of Israel, Rambam Medical Center and Technion, Israel and University Hospital Brussels, Belgium.

For more information, visit: elsenutrition.com or @elsenutrition on Facebook and Instagram.

For more information, contact:
Mrs. Hamutal Yitzhak, CEO, Co-Founder & Director
ELSE Nutrition Holdings Inc.
E: hamutaly@elsenutrition.com
P: +972(0)3-6445095

Mr. Sokhie Puar, Director of Else Nutrition
E: sokhiep@elsenutrition.com
P: 604-603-7787

TSX Venture Exchange

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as “will” or similar expressions. Forward-looking statements in this press release include statements with respect to the anticipated dates for filing the Company’s financial disclosure documents. Such forward-looking statements reflect current estimates, beliefs and assumptions, which are based on management’s perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements made in this press release assume, among others, the expectation that there will be no interruptions or supply chain failures as a result of COVID 19 and that the manufacturing, broker and supply logistic agreement with the Company do not terminate. Actual results may differ from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management’s expectations only as of the date of this press release. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

FAQ

What is the engagement of Generation IACP Inc. with Else Nutrition Holdings (BABYF)?

Else Nutrition has engaged Generation IACP Inc. as a market maker for six months, with a monthly fee of C$7,500.

How does the market maker's fee change over time for BABYF?

The fee will automatically increase by 3% annually starting from the first anniversary of the agreement.

What is Else Nutrition known for in the market?

Else Nutrition is known for its innovative, plant-based nutrition products for infants and children, achieving top sales rankings.

How long is the initial agreement with Generation IACP Inc. for BABYF?

The initial term of the agreement with Generation IACP Inc. is six months.

Is Else Nutrition Holdings involved in any financial commitments beyond the market maker's fee?

No stock options or additional compensation are being granted to Generation in connection with the engagement.