Element Nutritional Sciences to Commence Trading on OTCQX

Rhea-AI Summary

Element Nutritional Sciences Inc. (CSE:ELMT; OTC:ELNSF) has commenced trading on the OTCQX® Best Market. This market requires companies to meet high financial and governance standards. The company's U.S. brand presence is significant with products like Rejuvenate™ and JAKTRX™ available in major retailers like CVS and Walgreens. CEO Stuart Lowther emphasized the move enhances investor access, liquidity, and growth potential.

Element specializes in nutraceuticals targeting the over-50 demographic, with Rejuvenate™ designed to combat muscle loss due to aging.

Positive

• Commencement of trading on OTCQX® Best Market enhances visibility and investor access for ELNSF.
• Element's established presence in U.S. retail chains like CVS and Walgreens positions it favorably for growth.

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• None.

BURLINGTON, Ontario--(BUSINESS WIRE)-- Element Nutritional Sciences Inc. (CSE:ELMT; OTC:ELNSF; FRANKFURT:93X) (the “Company” or “Element”), is pleased to announce that the Company begins trading today on the OTCQX® Best Market (OTCQX) under the symbol “ELNSF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

The OTCQX Best Market is the top tier of OTC Markets as listed companies are required to meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.

“While we are a Canadian company, our Rejuvenate™ and JAKTRX™ brands are mostly sold in the United States market where our products can be found with retailers such as CVS, Walgreens and Sam’s Club, among others. We believe it’s important to provide enhanced investor access to broaden our shareholder base and to increase liquidity for our common shares as we continue along our rapid growth trajectory,” said Stuart Lowther, Chief Executive Officer.

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. In this news release, forward looking statements relate, among other things, to: increasing investor access, broadening the Company’s shareholder base, increasing liquidity for its common shares and maintaining a rapid growth trajectory.

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/20220202005267/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 does the OTCQX listing mean for Element Nutritional Sciences Inc. (ELNSF)?

The OTCQX listing improves investor access, enhances liquidity, and affirms the company meets high financial and governance standards.

What are the main products offered by Element Nutritional Sciences Inc. (ELNSF)?

Element offers Rejuvenate™, a muscle restoration product, and JAKTRX™, a performance supplement brand.

Where can I buy Element Nutritional Sciences' products like Rejuvenate™?

Rejuvenate™ and other products are available in major U.S. retailers, including CVS, Walgreens, and Sam's Club.

What market does Element Nutritional Sciences primarily target?

Element primarily targets the U.S. market, focusing on consumers over the age of 50.

When did Element Nutritional Sciences start trading on OTCQX?

Element Nutritional Sciences began trading on the OTCQX Best Market on the date of the press release.