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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. has received a U.S. Notice of Allowance for the composition patent of its proprietary formulation for functional food, advancing its entry into the $5 billion U.S. Plant-Based Foods Market. The company already holds a global patent for its plant-based toddler and infant formulas and aims to expand its offerings beyond baby products. CEO Hamutal Yitzhak emphasized that this development enhances their position in the growing plant-based nutrition sector.
On October 6, 2021, Else Nutrition Holdings Inc. (BABYF) announced a donation of its Plant-Based Complete Nutrition Shake for Kids to assist communities affected by Hurricane Ida. This initiative, in partnership with Rouses Markets, highlights Else's commitment to community welfare, particularly in times of crisis. Co-Founder & CEO Hamutal Yitzhak emphasized the importance of providing nutritious meals to families during such challenging times. Else Nutrition is recognized for its innovative plant-based nutrition products, notably ranking as the top seller in the baby and toddler formula category on Amazon.
Else Nutrition Holdings Inc. has been approved for Kroger Ship, expanding its online presence by allowing customers nationwide to purchase its plant-based baby and toddler products. This strategic move enables Else to reach a larger audience through Kroger.com and Vitacost.com. With Kroger's e-commerce sales soaring by 79% in 2020, this partnership is set to boost sales growth for Else, featuring products like Plant-Based Complete Nutrition for Toddlers and Kids Shake Mix. CEO Hamutal Yitzhak emphasized the significance of this opportunity for brand visibility and expansion.
Else Nutrition Holdings Inc. announces the launch of a new plant-powered nutrition product range aimed at babies, toddlers, and children, set for Q1 2022. This initiative responds to growing demand in Canada, where double-digit growth was reported on platforms like iHerb. The product line includes baby cereals for infants over six months, toddler nutrition, and complete nutrition for children. The Canadian baby food market reached nearly CAD $700 million in 2020, highlighting the significant growth potential for Else's Canada-compliant offerings.
Else Nutrition Holdings Inc. (BABYF) announced significant growth in market penetration, with its Plant-Based Complete Nutrition for Toddlers now listed in over 1,100 retail doors, available in more than 800 locations. The company is expanding online sales, set to launch on Walmart.com and Kroger platforms soon. New product lines include Plant-Powered Complete Nutrition for Kids, yielding 25% of online sales. Else has hired two former Abbott executives to strengthen its marketing and operations. The company aims to broaden its U.S. and international reach with continued product development.
Else Nutrition Holdings Inc. has launched two new flavors of its Complete Nutrition Shakes for Kids: Banana Chia and Mango Chia, available exclusively on elsenutrition.com and later on Amazon and other retailers. These shakes, made from 95% whole food ingredients, are dairy-free, gluten-free, and contain 50% less sugar than competitors. Following a successful launch of Vanilla and Chocolate flavors, sales growth has surged, with these new options expected to further enhance market presence. Overall, Else aims to expand its product line for infants and toddlers.
Else Nutrition Holdings Inc. is focusing on educating Pediatricians in the U.S. and Canada about the nutritional benefits of its plant-based products. With approximately 67,000 Pediatricians impacting over 17 million infants and toddlers, the company aims to address prevalent misconceptions regarding plant-based nutrition. Initiatives include a new healthcare professional website, digital outreach, and clinical studies involving over 30 centers. Else is also set to launch the first non-dairy, non-soy plant-based infant formula, demonstrating potential for significant market growth.
Else Nutrition Holdings Inc. has announced a virtual investors conference due to ongoing COVID-19 restrictions initially set for October 4, 2021. The postponement will allow for a presentation of exciting company developments in November 2021, with details to follow. CEO Hamutal Yitzhak expressed disappointment over the restrictions but remains optimistic about the company's progress. Else Nutrition, specializing in plant-based nutrition for infants and children, has gained recognition with its products, including a leading toddler formula on Amazon.
Else Nutrition Holdings Inc. (BABYF) will present live at the Life Sciences Investor Forum on September 16, 2021, at 9:30 AM ET. The event will allow investors to engage with the company in real-time. Recent highlights include the launch of Complete Nutrition for Kids, a 40% increase in online sales, and a retail presence in over 1,000 stores. Quarterly revenues reached $1.1 million, up 430% from the previous year, though the company reported a net loss of $4.75 million. Investors are encouraged to pre-register for the event and can access an archived webcast afterward.
Else Nutrition Holdings Inc. (BABYF) launched a new Health Care Professional (HCP) website in the U.S. to facilitate connections with healthcare professionals about their plant-based nutrition products for infants and toddlers. With 89% of parents seeking pediatrician recommendations, the site provides access to resources, product samples, and direct contact options for over 80,000 pediatricians and other healthcare providers. Else Nutrition aims to support clinicians in confidently recommending their organic, dairy-free, and non-GMO products.
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