Else Nutrition H Stock Price, News & Analysis

Else Nutrition Holdings Inc. announced the successful completion of its first commercial trial run of a patented, Plant-Based Infant Formula for infants aged 0-12 months. The trial took place in the U.S. and utilized innovative technology to produce a cleaner ingredient without compromising nutritional value. CEO Hamutal Yitzhak emphasized the importance of this milestone in providing dairy-free options in the $90 billion global infant formula market, which has been traditionally dominated by dairy and soy products.

Else Nutrition Holdings Inc. has announced the upcoming launch of its Plant-Based Complete Nutrition for Toddler and Kids product range on Walmart.com this November, coinciding with the holiday season. This distribution agreement aims to enhance their online presence and accelerate sales growth on one of the largest online marketplaces globally. E-commerce sales at Walmart are projected to surpass $64 billion by the end of 2021, marking a significant increase driven by heightened customer demand.

Else Nutrition Holdings Inc. (BABYF) has engaged Generation IACP Inc. as a market maker, complying with TSX Venture Exchange regulations. The engagement, effective for six months, involves a monthly fee of C$7,500, increasing by 3% annually after the first year. No additional compensation will be provided. Else specializes in plant-based nutrition products for infants and children, achieving recognition for innovation and sales performance, particularly on platforms like Amazon.

Else Nutrition Holdings Inc. has received a U.S. Notice of Allowance for the composition patent of its proprietary formulation for functional food, advancing its entry into the $5 billion U.S. Plant-Based Foods Market. The company already holds a global patent for its plant-based toddler and infant formulas and aims to expand its offerings beyond baby products. CEO Hamutal Yitzhak emphasized that this development enhances their position in the growing plant-based nutrition sector.

On October 6, 2021, Else Nutrition Holdings Inc. (BABYF) announced a donation of its Plant-Based Complete Nutrition Shake for Kids to assist communities affected by Hurricane Ida. This initiative, in partnership with Rouses Markets, highlights Else's commitment to community welfare, particularly in times of crisis. Co-Founder & CEO Hamutal Yitzhak emphasized the importance of providing nutritious meals to families during such challenging times. Else Nutrition is recognized for its innovative plant-based nutrition products, notably ranking as the top seller in the baby and toddler formula category on Amazon.

Else Nutrition Holdings Inc. has been approved for Kroger Ship, expanding its online presence by allowing customers nationwide to purchase its plant-based baby and toddler products. This strategic move enables Else to reach a larger audience through Kroger.com and Vitacost.com. With Kroger's e-commerce sales soaring by 79% in 2020, this partnership is set to boost sales growth for Else, featuring products like Plant-Based Complete Nutrition for Toddlers and Kids Shake Mix. CEO Hamutal Yitzhak emphasized the significance of this opportunity for brand visibility and expansion.

Else Nutrition Holdings Inc. announces the launch of a new plant-powered nutrition product range aimed at babies, toddlers, and children, set for Q1 2022. This initiative responds to growing demand in Canada, where double-digit growth was reported on platforms like iHerb. The product line includes baby cereals for infants over six months, toddler nutrition, and complete nutrition for children. The Canadian baby food market reached nearly CAD $700 million in 2020, highlighting the significant growth potential for Else's Canada-compliant offerings.

Else Nutrition Holdings Inc. (BABYF) announced significant growth in market penetration, with its Plant-Based Complete Nutrition for Toddlers now listed in over 1,100 retail doors, available in more than 800 locations. The company is expanding online sales, set to launch on Walmart.com and Kroger platforms soon. New product lines include Plant-Powered Complete Nutrition for Kids, yielding 25% of online sales. Else has hired two former Abbott executives to strengthen its marketing and operations. The company aims to broaden its U.S. and international reach with continued product development.

Else Nutrition Holdings Inc. has launched two new flavors of its Complete Nutrition Shakes for Kids: Banana Chia and Mango Chia, available exclusively on elsenutrition.com and later on Amazon and other retailers. These shakes, made from 95% whole food ingredients, are dairy-free, gluten-free, and contain 50% less sugar than competitors. Following a successful launch of Vanilla and Chocolate flavors, sales growth has surged, with these new options expected to further enhance market presence. Overall, Else aims to expand its product line for infants and toddlers.