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Else Nutrition announces accelerated US sales growth as demand for Amazon grows, Canadian Business Journal

Vancouver, British Columbia, April 26, 2022 (GLOBE NEWSWIRE) — ELSE NUTRITION HOLDINGS INC. ((baby) (BABYF) (0YL.F) (“If I do not” or “society”), Plant-based nutrition companies for babies, toddlers and children have announced that revenue growth will reach the upper limit of expectations for the first quarter of 2010.

On March 31, 2022, the Company’s annual performance in 2021 and sales in the first quarter of 2010 ranged from C $ 1.45 million to C $ 1.6 million, from 15% compared to the fourth quarter of 2009. Announced that it will show a continuous increase of 25%. We currently expect to be at the upper end of this guidance range.

We expect revenue to range from $ 1.8 million to $ 2 million and we expect revenue to continue to grow in the second quarter of 2010. This increase is driven by the successful launch of the ElseToddler Omega and the upcoming launch of the ElseSuperCereal product line.

A key revenue growth indicator is the rapid growth of Amazon.com. Amazon.com revenue increased 40% in QoQ (C $ 0.6M, pre-audit) in Q1 compared to Q4 (C $ 4.3M) and continued at similar growth rates in Q2 However, the quarterly earnings execution rate is expected to reach C $ 1. One million. To support this growth, Amazon.com’s Else subscribers exceeded 1,000 in early April.

Hamutal Yitzhak, CEO and co-founder of Else Nutrition, said: “We expect sales to continue to accelerate in the coming months as we have a new super cereal product line and plans to launch in Canada, China and Europe.”

About Else Nutrition Holdings Inc.

Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean, plant-based foods and nutrition products for infants, toddlers, children and adults. Its innovative plant-based non-soy formula is a clean alternative to dairy-based formulas. Else Nutrition (formerly INDI) won the “2017 Best Healthand Diet Solutions” award at the Global Food Innovation Summit in Milan. Else Plant-Based Complete Nutrition for Toddlers was recently ranked number one in Amazon’s infant formula category as a top seller. We recently received the World Plant Base Award as “The Best Dairy Alternative” at the World Plant Base Expo in New York in late 2021. The holding company, Else Nutrition Holdings Inc., is a publicly traded company. The Toronto Stock Exchange is quoted with the trading symbol BABY, and the US OTC Markets QX board is quoted with the Frankfurt Stock Exchange trading symbol BABYF with the symbol 0YL. Else executives include leaders from leading infant nutrition companies. Many of the other advisory board members have served as past executives at companies such as Mead Johnson, Abbott Nutrition, Plum Organics, and major infant nutrition societies, and are now major medical centers such as Boston Children’s Hospital. It plays various roles in and academic institutions. Pediatrics at Harvard University School of Medicine, Tel Aviv University, Schneider Pediatric Medical Center in Israel, Ramban Medical Center and Technion in Israel, Brussels University Hospital in Belgium.

For more information, please visit: elsenutrition.com Or @elsenutrition on Facebook and Instagram.

Investor Contact:
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
E: [email protected]m
P: 646-829-9701

TSX Venture Exchange

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

Note on forward-looking statements

This press release contains the following statement: May Configure “”Description of future prospects“” Within the meaning of applicable securities law. Forward-looking statements are usually identified by the following words: “”Will“” Or similar expressions.A statement about the future outlook for this press release include Statement regarding the Submission Date societys Financial disclosure document. These forward-looking statements reflect current estimates. belief And the assumptions are based on managements Awareness of the current situation and expected future development, and other factors that management believes are appropriate for the situation. There is no guarantee that the above will be proven to be correct. The forward-looking statements made in this press release are, among other things, That expectation No interruptions or supply chain disruptions as a result COVID 19 does not terminate our manufacturing, brokerage, and supply logistic contracts with us... Actual results May Different from estimates, beliefs or assumptions expressed or implied in forward-looking statements.. Readers should be careful not to place undue reliance on forward-looking statements such as: managements Expected only as of the date of this press release. We disclaim any obligation to update or revise any forward-looking statement. as a result New information, future events, etc., unless required by law.


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Else Nutrition announces accelerated US sales growth as demand for Amazon grows, Canadian Business Journal

Source link Else Nutrition announces accelerated US sales growth as demand for Amazon grows, Canadian Business Journal

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