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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 Holdings Inc. (BABYF) announces the availability of its Plant-Based Complete Nutrition products for Toddlers and Kids on Kroger.com, marking a significant milestone in its growth strategy. CEO Hamutal Yitzhak emphasized the importance of Kroger's leadership in grocery and online sales. Kroger experienced a 79% increase in e-commerce sales in 2020, with $11.18 billion in digital sales. Else Nutrition aims to provide clean, plant-based alternatives for children's nutrition, backed by awards for their innovative products.
Else Nutrition Holdings Inc. (BABYF) announces its toddler and kids nutrition products are now available on Walmart's online store. CEO Hamutal Yitzhak highlighted this expansion as a growth opportunity, making their Clean Label certified, whole Plant-Based products accessible to millions. Walmart's online sales are projected to exceed $64 billion, boosted by a significant rise in grocery shopping during the pandemic. Else's products, previously recognized with awards and high sales on platforms like Amazon, reflect the company's commitment to innovative, plant-based nutrition.
Else Nutrition Holdings Inc. (TSXV: BABY, OTCQX: BABYF) has received final approval to list its common shares and warrants on the Toronto Stock Exchange (TSX), effective January 25, 2022. This transition from the TSX Venture Exchange aims to enhance visibility, liquidity, and capital access. CEO Hamutal Yitzhak emphasized that the TSX listing will expand the company’s exposure to potential investors, supporting Else's growth strategy. The company has garnered recognition for its innovative plant-based nutrition products for infants and children, solidifying its market presence.
Else Nutrition Holdings Inc. (BABYF) announced an agreement to establish a specialized manufacturing site for processing its proprietary demineralized buckwheat, essential for its infant formula. The company completed the development of its production process and aims to produce the first batch in Q1 2022. The processing will adhere to strict quality controls without chemicals, maintaining the ingredient's natural composition. CEO Hamutal Yitzhak emphasized this development as a significant step toward launching the world's first clean label, plant-based, dairy-free, and soy-free infant formula.
Else Nutrition Holdings Inc. (BABYF) announced the addition of two new products, Else Plant-Based Kids Shakes, at Sprouts Farmers Market following a successful pilot launch. Over the past 10 months, sales velocity of Else Toddler Nutrition has surpassed industry averages at 1.2 UPSPW. The new shakes, made from organic ingredients, are designed for children's growth and contain 50% less sugar than competitors. The announcement signifies strong retailer support and an expectation of accelerated sales growth.
ELSE NUTRITION HOLDINGS INC. (BABYF) announced its recognition at the Plant Based World Expo in New York City, winning the World Plant Based 2021 Award for its Plant-Based Complete Nutrition for Toddlers, noted as the Best Dairy Product Alternative. The award highlights innovation in the plant-based food sector, with Else recognized among many candidates. CEO Hamutal Yitzhak expressed gratitude for the honor and shared positive feedback from parents regarding the product. This follows Else's earlier success as the #1 Best Seller on Amazon in its category in Fall 2020.
Else Nutrition Holdings Inc. (TSX-V: BABY, OTCQB: BABYF) has announced its participation in the Lytham Partners Winter 2021 Investor Conference from December 13-16, 2021. The company will host a webcasted Fireside Chat discussing its vision for 2022 on December 13 at 11:00 am ET, available on their website. Additionally, Else Nutrition will conduct 1x1 virtual investor meetings. Known for its plant-based nutrition products, the company aims to enhance engagement with investors during this event.
Else Nutrition Holdings Inc. (BABYF) has announced the opening of a dedicated U.S. office in Westerville, Ohio, to support strong growth in product sales. Former Abbott Executive Mike Glick has joined as General Manager and VP, overseeing operations across North America. The new office currently employs five people and aims to double its workforce within a year, reflecting anticipated growth. Westerville's strategic location and favorable living conditions are expected to aid in talent acquisition and operational success.
Else Nutrition Holdings Inc. (BABYF) has announced significant progress on Amazon, now launching a European unified account to market its plant-based baby nutrition products across multiple countries, including the UK, Germany, and France. This move opens access to over 300 million potential customers. The onboarding process has already begun, with plans to launch in early 2022. CEO Hamutal Yitzhak expressed optimism about this venture, anticipating positive performance similar to their success in the US market.
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