Else Nutrition H Stock Price, News & Analysis

Else Nutrition Holdings Inc. (BABY) (BABYF) has announced a partnership with the Navy Exchange Service Command (NEXCOM), expanding its reach to U.S. military personnel and their families. The company's first purchase order was shipped in June 2024, bringing its full range of plant-based nutritional products to NEXCOM's retail stores.

Products now available through NEXCOM include:

• Toddler Organic nutrition drink
• Toddler Omega drink
• Kids Shake Mixes
• Baby Super Cereals
• Ready-to-Drink Kids Shakes

Else Nutrition (BABYF) has successfully launched its products at 308 locations of a leading independent grocery chain, primarily in Texas. This rollout includes four key SKUs: Else Toddler Organic, available in all 308 locations, and Else Toddler Omega, Ready-to-Drink (RTD) Chocolate, and Ready-to-Drink (RTD) Vanilla, available at select stores. The rollout started in mid-June 2024 and aims to expand the availability of Else's plant-based nutrition products across the U.S.

CEO Hamutal Yitzhak highlighted that this milestone aligns with the company's mission to deliver high-quality, organic nutrition to more families and strengthen their market presence.

Else Nutrition has successfully launched its new ready-to-drink kids shakes in 276 stores of a major Midwest retailer as of the first week of June 2024. This rollout includes prime shelf positioning and competitive pricing, enhancing visibility and value for consumers. The retailer, known for its high-quality offerings and exceptional customer service, operates extensively in Michigan, Illinois, Indiana, Kentucky, Ohio, and Wisconsin. This partnership is a strategic move to expand Else Nutrition's footprint in the U.S. market, offering nutritious, plant-based options to families. The available products include the Else Toddler Organic Plant-Based Complete Nutrition Drink, Else Toddler Omega Complete & Balanced Nutrition Drink, and ready-to-drink kids shakes in chocolate and vanilla flavors.

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.