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Rapid Nutrition (OTCQB:RPNRF) is partnering with Chef Jason Roberts to enhance the visibility of its SystemLS health supplement brand through a series of healthy recipe videos. This initiative comes as the demand for wellness products increases due to the pandemic. The SystemLS line includes high-protein shakes, organic superfoods, and more, aimed at promoting a healthy lifestyle. The collaboration seeks to boost market share in the U.S. as Rapid Nutrition continues to expand its operations and distribution across the country.
Rapid Nutrition PLC (OTCQB:RPNRF) announced that all resolutions were passed at its Annual General Meeting held on May 13, 2021. The meeting occurred at 10 pm (British Summer Time) and 7 am (Australian Eastern Standard Time) on May 14, 2021. The company is focused on the research, development, manufacturing, and distribution of natural health products. Rapid Nutrition aims to deliver high-quality, science-based health and wellness brands globally, aligning with industry leaders to meet consumer demands.
Rapid Nutrition PLC reported its Annual Results for the fiscal year ended December 31, 2020, showcasing a 46% revenue growth to $4.55 million, compared to $3.1 million in 2019. The surge in revenue was attributed to strong sales in Australia amidst favorable market conditions during the COVID-19 pandemic. The company extended its accounting reference date by six months to align with the calendar year. Continued growth is anticipated as Rapid Nutrition pursues its strategy of launching innovative organic products in multiple categories.
Rapid Nutrition PLC (OTCQB:RPNRF) announced the addition of Carl Seletz to its advisory board. Seletz, with extensive experience as the former Chief Global Officer of GNC, will leverage his international expertise to boost the company's global operations and growth. His background includes senior roles at major retailers, enhancing Rapid Nutrition's leadership in the health and wellness sector. The company aims to expand its international footprint and deliver premium, science-based health products across the globe.
Rapid Nutrition (OTCQB:RPNRF) has launched its Amazon USA store, expanding its direct-to-consumer channels amidst a growing global online marketplace. The company plans to continue its rollout in Europe, with the UK site expected in 2021. CEO Simon St. Ledger highlighted the focus on organic health products during the pandemic, aiming to attract U.S. consumers committed to wellness. The launch aligns with Amazon's impressive revenue growth, positioning Rapid Nutrition to capitalize on the anticipated increase of online shoppers in the U.S. to 300 million by 2023.
Rapid Nutrition PLC (OTCQB:RPNRF) has launched a redesigned corporate website aimed at enhancing investor communication and transparency. The updated site offers easy access to the latest company developments and integrates information about its livestock feed products. CEO Simon St Ledger emphasized the strategic importance of the new website in keeping shareholders informed and increasing market awareness. Rapid Nutrition focuses on premium health products and aims to be a global supplier of choice. The new website is accessible at www.rnplc.com.
Rapid Nutrition PLC has provided a trading update ahead of its Annual Financial Report for 2020. The company anticipates revenue to meet expectations, supported by strong interest in its health-focused products during the pandemic. However, profit is expected to decline compared to 2019 due to increased marketing costs from new distribution agreements. Notable expansions in global distribution were achieved, including partnerships in multiple countries and a new e-commerce strategy. The company is preparing to launch a new anti-viral therapy and received an Innovation Connections Grant to support its development.