Element Nutritional Sciences to Report 108% Revenue Growth and Updates Operational Milestones
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Element expected to report revenue growth of
108% for the year endedDecember 31, 2021 , with a gross margin between10% -20% -
First purchase order received from third largest
U.S. grocery retailer - Three product launches expected in the near term
“Element made significant progress in its distribution strategy in 2021 and it is evident in our financial results, with the Company expected to increase revenue over
Preliminary Financial Results for 2021
For the year ending
The Company’s complete financial results are expected to be reported in
Distribution and Innovation Update
Entering the
Element’s retail growth strategy continues to advance rapidly, and the Company is set to access the
Leveraging Patterns to Accelerate Amazon Sales
The Company has also received purchase orders and commenced shipments to
Product Innovation Leading into the Sport Nutrition Market
Element is also pleased to announce that its industry-leading JAKTRX™ performance supplement branded products as well as its new patented Promino™ line of sports nutrition products are now available to customers across
The North American sports nutrition market is estimated to grow at a rate of
Innovation is Good for Immunity
The Company is also planning the launch of Element’s Rejuvenate Immune Health™ in
The Company has combined its patented Rejuvenate™ formulation with additional key nutrients to create a unique product that supports and optimizes immune function,
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
To learn more about Element, visit elmtinc.com.
More information about Rejuvenate™ can be found at: www.rejuvenatemuscle.com
More information about JAKTRX™ and Promino™ can be found at: www.jaktrx.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: the launch of JAKTRX™, Promino™ and Rejuvenate Immune Health™, and the expected size and growth of the sports nutrition and immune health supplements market.
In addition, certain information herein regarding revenue estimates may constitute “future oriented financial information” within the meaning of the applicable Canadian securities legislation. The Company cautions that any future oriented financial information herein relies on a number of good faith management assumptions and is disclosed only to provide a summary of approximate revenues received during the year ended
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
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
1 North America Sports Nutrition Market | 2021 - 2026 | US,
2 Global Immune Health Supplements Market to Reach
View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005315/en/
Chairman, CEO and President
ir@elementnutrition.com
416-467-5229
Investor Relations
ir@elementnutrition.com
416-467-5229
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