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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) announced the approval of its infant growth study protocol by the Institutional Review Board (IRB), marking a significant milestone in the development of its plant-based infant formula. This approval, following the ethical committee's initial endorsement, is crucial for assessing the formula's effectiveness and safety for infants as it aims to provide a dairy-free alternative. CEO Hamutal Yitzhak expressed pride in this achievement, highlighting the company’s commitment to delivering high-quality nutrition solutions.
Else Nutrition Holdings has closed the first tranche of a private placement under a convertible security funding agreement with Lind Global Fund II LP, raising net proceeds of US$4,133,125. The financing includes a convertible security worth US$5,100,000 and 8,247,129 warrants at an exercise price of C$1.15 per share. Proceeds will fund clinical trials and working capital. The company has the option for further funding up to US$9,500,000. Transactions are approved by the Toronto Stock Exchange, and shares from conversions will not be tradable for four months.
Else Nutrition Holdings has entered a convertible security funding agreement with Lind Global Fund II for $5.1 million, netting $4.13 million post-deductions. The initial convertible security matures in 36 months and allows monthly conversions at 85% of the average price prior to conversion. Furthermore, the company can draw an additional $1.25 million, potentially increasing to $3 million. Proceeds will fund clinical trials and working capital. The Toronto Stock Exchange has approved this transaction, with shares subject to resale restrictions for four months post-closing.
Else Nutrition Holdings Inc. (BABYF) announces that its Plant Protein Nutritional Vanilla Shake for Kids has been recognized as the fastest-growing product in the ‘Infant Formula & Toddler Nutrition Drink’ category according to SPINS data. The Cocoa Kids Shake is noted as the second fastest-growing product. Both products topped sales within the Natural Channel, showcasing strong consumer demand. CEO Hamutal Yitzhak emphasizes the brand's unique offering in a competitive market, highlighting the Kids line's success as a testament to their clean, plant-based nutrition.
Else Nutrition Holdings Inc. (BABYF) has announced a significant expansion, adding 150 new retail stores in Southern California, marking a 120% growth in retail presence. This growth is attributed to partnerships with major retailers such as Gelson's, CVS Pharmacy, and Walmart. Additionally, the company has fostered relationships with over 200 pediatricians and healthcare professionals to enhance awareness of its products. CEO Hamutal Yitzhak expressed optimism for sustained growth into 2023.
Else Nutrition Holdings Inc. (BABYF) has announced its new partnership with Fresh Thyme Market, enabling the sale of its complete range of plant-based nutrition products for babies, toddlers, and kids at all 71 Fresh Thyme locations across several Midwest states. This collaboration is expected to significantly increase customer outreach, particularly among families seeking healthier food options. Products available include Else Toddler, Kids Nutritional Drink, and Baby Super Cereal. The partnership aligns both brands' commitment to providing affordable, nutritious options for families.
Else Nutrition Holdings Inc. has launched its second online store on JD.com, China's largest e-tailer, following a successful initial launch on Tmall. This expansion aims to increase product penetration among Chinese consumers, especially during peak shopping months. Else has already been featured on ChinaDaily.com.cn and reached bestseller status on Tmall. CEO Hamutal Yitzhak anticipates strong demand and plans to boost shipments to meet it. With JD.com's annual active customer base of 580 million, the company expects significant sales growth from this new platform.
Else Nutrition Holdings Inc (symbol: BABYF) reported third-quarter financial results for the period ending September 30, 2022. Revenues reached $2.2M, marking an 83% increase from $1.2M in 3Q21 but a 4% decline from $2.31M in 2Q22, attributed to a temporary product shortage due to a mechanical malfunction. Despite challenges, the company’s products are listed in over 4,500 stores in North America, with a cash balance of $17.4M CAD and no loan liabilities.
Else Nutrition Holdings Inc. (ticker: BABYF), a plant-based nutrition company, is set to announce its third-quarter 2022 financial results on November 14, 2022. A conference call will occur at 10 a.m. ET to discuss these results. The company specializes in innovative, clean, and plant-based nutrition products for infants and children. Else's formulas are notable for being dairy-free and they've achieved recognition for their quality, including awards for health and innovation.
Else Nutrition Holdings Inc. (BABYF) announces expanded distribution of its Toddler and Kids products through a new partnership with Giant Food, a subsidiary of Ahold Delhaize. This collaboration places Else Nutrition products in 161 locations across Delaware, Maryland, Virginia, and the District of Columbia, effectively more than doubling the brand's presence in these Eastern States. The CEO emphasized the strategic alignment with Giant Food's focus on healthy eating. The company anticipates a significant increase in demand for its nutritious offerings due to this expansion.
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