Element Nutritional Sciences Announces Resignation of Board Member

Rhea-AI Summary

Element Nutritional Sciences Inc. (CSE: ELMT; OTC: ELNSF) announced the immediate resignation of Tracie Crook from its Board of Directors to pursue other employment opportunities. Chairman and CEO Stuart Lowther expressed gratitude for Crook's contributions during the company’s growth phase.

Element specializes in developing nutraceutical products targeted at consumers over 50, with its lead product, Rejuvenate™, aimed at restoring muscle mass lost due to aging. Founded in 2015, the company is based in Burlington, Ontario.

Positive

• Leadership change may bring fresh perspectives to the Board.
• Element's focus on nutraceuticals for seniors positions it well in a growing market.

Negative

• Resignation may lead to continuity concerns on the Board.
• Loss of experienced member may create experience gaps in strategic decision-making.

BURLINGTON, ONTARIO--(BUSINESS WIRE)-- Element Nutritional Sciences Inc. (CSE:ELMT; OTC:ELNSF; FRANKFURT:93X) (the “Company” or “Element”), announced today the resignation of Tracie Crook from the Company’s Board of Directors to pursue full-time employment commitments, with immediate effect.

Stuart Lowther, Chairman of the Board and CEO of Element commented, "On behalf of the Board of Directors, I would like to express our sincere thanks to Tracie for her valuable contributions to Element during this important growth phase for the company. We wish her well in all of her future endeavors.”

About Element

Element is an innovative and research driven Canadian nutraceutical company specializing in the development of science-based products for the global consumer packaged goods market, with a portfolio focused specifically on men and women over the age of 50. Element’s lead product, Rejuvenate™, is a proprietary formulation that is clinically proven to assist in the rebuilding, restoration and rejuvenation of natural loss of muscle mass due to aging or other medical conditions. Element also offers JAKTRX™, an elite brand of performance supplements. Element was founded in 2015 and is located in Burlington, Ontario.

To learn more about Element, visit elmtinc.com.

More information about Rejuvenate™ can be found at: www.rejuvenatemuscle.com

Forward Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include: fluctuations in general macroeconomic conditions; expectations regarding the size of the United States and Canadian health, nutraceutical and wellness markets and changing consumer habits; the viability of the Company’s products; availability of distribution channels for the Company’s product offerings; the ability of the Company to successfully achieve its business objectives; plans for expansion; successful development of the Company’s proposed products; the presence of laws and regulations that may impose restrictions or recalls on the sale of the Company’s products in the United States and Canada; customer and distributor relations; fluctuations in securities markets; and the inability of the Company to obtain adequate insurance to cover risks and hazards. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006260/en/

Stuart Lowther

Chairman, CEO and President

ir@elementnutrition.com

416-467-5229

Marc Charbin

Investor Relations

ir@elementnutrition.com

416-467-5229

Source: Element Nutritional Sciences Inc.

FAQ

What was the reason for Tracie Crook's resignation from Element Nutritional Sciences?

Tracie Crook resigned to pursue full-time employment commitments.

How might Tracie Crook's resignation impact Element Nutritional Sciences?

Her resignation may raise concerns about continuity and create experience gaps on the Board.

What is Element Nutritional Sciences' main focus in the market?

Element specializes in science-based nutraceuticals aimed at consumers over 50.

What products does Element Nutritional Sciences offer?

The company's lead product is Rejuvenate™, aimed at restoring muscle mass in older adults.