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Else Nutrition Holdings Inc. (BABYF) delivers plant-based nutritional solutions through innovative products for children and adults. This dedicated news hub provides investors and stakeholders with essential updates about corporate developments and market activities.
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Discover updates about BABYF's clean-ingredient formulations, distribution network growth, and sustainability initiatives. Content types include financial performance reports, executive leadership changes, and regulatory milestone achievements.
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Else Nutrition Holdings Inc. reports strong revenue growth, anticipating Q1 2022 revenues at the high end of earlier projections, between C$1.45M and C$1.6M, marking a 15% to 25% increase over Q4 2021. For Q2 2022, revenues are expected between C$1.8M and C$2.0M, driven by product launches including Else Toddler Omega and Else Super Cereal. Sales on Amazon.com surged 40% QoQ in Q1 2022, with subscriber numbers exceeding 1,000. The company aims for continued sales growth with future launches planned in Canada, China, and Europe.
Else Nutrition (OTCQX: BABYF) has launched Else Super Cereal for babies, a plant-based, non-GMO cereal awarded the Clean Label Project Purity Award for safety from toxins and heavy metals. This cereal is designed for infants aged six months and older, offering a nutritious alternative to traditional baby foods. It is gluten-free, made from whole foods, and includes essential vitamins, minerals, and proteins. Priced at $6.99 per 7oz pouch, the product is available for purchase on Amazon and will be sold in select retailers.
Else Nutrition Holdings Inc. (BABYF) has launched its Else Super Cereal, a first-of-its-kind baby cereal in the U.S. to receive the Clean Label Project Purity Award Certification, ensuring it meets rigorous safety standards. The plant-based cereal is available on Amazon starting this week at $6.99 per 7oz pouch. The product is designed for infants aged six months and older and includes four flavors, boasting balanced nutrition with essential vitamins and minerals while being free from allergens and artificial ingredients. Retail demand is reported to be strong.
Else Nutrition Holdings Inc. announced the successful expansion of its product line with the launch of Else Plant-Based Kids Shakes in chocolate and vanilla flavors, now available at all 65 Rouses Markets in Louisiana, Mississippi, and Alabama. These shakes, free from dairy, soy, and gluten, contain 50% less sugar than competitors and are based on clean, whole food ingredients. The company continues to receive accolades for its Toddler Nutrition line, which has garnered multiple awards, including the Good Housekeeping Parenting Award.
Else Nutrition Holdings Inc. has announced a significant expansion of its plant-based kids' shakes, following the successful launch of Else Toddler Nutrition at Big Y. The shakes, available in chocolate and vanilla, will be introduced in over 70 new locations across New England in Q2 2022. These shakes are made from clean ingredients like organic almonds and buckwheat, containing 50% less sugar than competitors, and aimed at supporting children's growth. Else Toddler Nutrition has received multiple awards, further solidifying the brand's position in the market.
Else Nutrition Holdings Inc (BABYF) reported impressive financials for FY 2021, with revenues soaring 219% to $4.7M compared to $1.5M in FY 2020, fueled by successful product expansions. Q4 2021 revenue reached $1.3M, an 8% increase from Q3 2021. The company holds a robust cash balance of $25.5M and has graduated to the Toronto Stock Exchange. Projected revenues for Q1 2022 are estimated between $1.45M and $1.6M, indicating a sequential growth of 15% to 25%.
Else Nutrition Holdings Inc. has announced the upcoming launch of its new product, Else™ Toddler Omega, designed for toddlers aged 12-36 months. Scheduled for release on Amazon and its e-store, this nutrition drink features added Omega 3 and 6 fatty acids for enhanced brain and eye development. Priced at $29 for a 22oz can, the product aims to meet increased demand from customers and pediatricians. The company highlights its Clean Label Purity Award Certification for quality assurance, building on the success of its original nutrition product.
Else Nutrition Holdings Inc. announced that its pre-clinical study of Plant-Based infant formula will be orally presented at the 9th International Conference on Nutrition and Growth, scheduled for March 17-19, 2022. This acceptance signifies valuable exposure for the company among leading experts in pediatric nutrition and development. The conference aims to foster interdisciplinary collaborations among pediatricians, nutritionists, and neonatologists. CEO Hamutal Yitzhak highlighted the importance of this development for showcasing Else's scientific advances.
Else Nutrition Holdings Inc. has successfully completed a preclinical study for its Plant-Based infant formula, a key step towards entering the $5 billion U.S. infant formula market and the $80 billion global market. The study showed growth comparable to dairy-based formulas, indicating nutrient bioavailability and safety needed for FDA approval. CEO Hamutal Yitzhak emphasized this as a significant milestone in their mission to provide a clean, plant-based formula. Full results will be presented at a pediatric nutrition conference in March 2022.