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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's Ready-to-Drink Kids Vanilla Shake has been honored with the prestigious Mom’s Choice Award® (MCA) for its exceptional quality and appeal to families.
The selection follows a thorough evaluation by MCA's expert panel, including scientists, physicians, and caregivers, who assessed the product on multiple criteria such as production quality, design, educational value, and cost.
This recognition reflects the positive consumer and retail response to Else Nutrition's offerings, indicating promising future success.
Else Nutrition announced the launch of its new Kids Ready-to-Drink Plant-Powered Shakes at Canada's largest grocery chain. Available in over 300 locations starting June 2024, the shakes come in Chocolate and Vanilla flavors. The company aims to provide nutritious, dairy-free, soy-free, and gluten-free options for children. This expansion follows the successful introduction of Else's powder Kids Shakes and Toddler formulas in 500 stores across Canada. The new product line aligns with the grocery chain's commitment to innovation and health.
Else Nutrition Holdings announced its full range of products is now available at Marche Tau, a leading natural health retailer in Quebec. The partnership includes Toddler, Kids, Baby Cereals, and Ready-to-Drink Kids shakes, expanding Else's market reach in a region with a population of 10 million. This collaboration enhances Else's brand presence, given Marche Tau's rigorous selection criteria. CEO Hamutal Yitzhak emphasized the significance of this partnership, highlighting Marche Tau's trust and the ease of accessing Else products through the retailer's expansive online marketplace. This move is part of Else Nutrition's broader strategy to strengthen its footprint across Canada.
Else Nutrition (BABYF) announced that the world’s largest retailer will add Else’s Ready-to-Drink Kids Shakes in both chocolate and vanilla flavors to approximately 600 new stores, increasing the total to over 1,000 stores for each flavor.
Additionally, Else's Toddler Omega and Toddler Organic products will see increased listings to over 400 stores. The rollout is planned for June 2024. The company has witnessed strong double-digit growth through the retailer’s online platform, driven by the inclusion of new Baby Super Cereal and Ready-to-Drink products.
This strategic expansion enhances Else's shelf presence and reflects the company's commitment to providing nutritious, plant-based options for children. CEO Hamutal Yitzhak highlights the increased visibility and accessibility this partnership brings to the brand, aiming to reach more families with sustainable nutrition solutions.
Else Nutrition reported Q1 2024 financial results with revenue of $2.1 million, a 27% decrease from Q1 2023 due to shipment delays. Despite this, Amazon sales rose significantly: 92% in the U.S. and 330% in Canada year-over-year. Operating expenses decreased 15% to $4.2 million. Key achievements include new major retail partnerships, the successful launch of kids' ready-to-drink shakes, and the first commercial launch of plant-based infant formula in Australia. The company remains optimistic about future growth, citing increased consumer awareness and forthcoming product launches.
ELSE NUTRITION HOLDINGS INC. has closed a second tranche of a private placement with Lind Global Fund II, LP, for net proceeds of US$1,000,000. The Company issued a convertible security with a face value of US$1,200,000 and common share purchase warrants. The funding will be used for clinical trials and general working capital.
Else Nutrition Holdings Inc. (BABYF) has expanded its product listings at a major U.S. food retailer, adding Toddler Omega, Ready-to-Drink Kids Shakes, and Super Cereal for Babies in over 70 stores in the Northeast starting June 2024. This collaboration showcases the company's growing presence in North America and commitment to providing clean label products for babies, toddlers, and children.
ELSE NUTRITION HOLDINGS INC. (BABYF) announced a business update conference call to discuss financial results for the 2024 first quarter and corporate progress on May 15, 2024. The call will be available via telephone and webcast. A webcast replay and telephone replay will also be accessible.
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