Else Continues Strong Retailer Growth in Southern California in the Second Half of 2022
05 December 2022 - 11:00PM
ELSE NUTRITION
HOLDINGS INC.
(BABY)
(BABYF)
(0YL.F)
("Else" or the
"Company"),
announces the addition of 150 retailers, more than doubling the
number of retail stores selling Else Nutrition products in Southern
California in the second half of 2022. The increase comes with the
addition of regional retail partners such as Gelson’s and
additional stores from CVS Pharmacy and Walmart.
“The demand for Else Nutrition products from
mothers in Southern California continues to grow, and we are proud
to add to our retail availability by more than 100% over the past
months,” said Hamutal Yitzhak, CEO, and Co-Founder of Else
Nutrition. “We continue to expect strong growth for the remainder
of the year and into 2023 thanks to the hard work done by the
Retail and Field teams throughout the past year.”
In addition to retail expansion, Else Nutrition
has focused on working directly with Pediatricians and Healthcare
Professionals to educate them about Else products and their
benefits for babies and toddlers. The joint strategy of HCP focus,
retailer growth, and consumer awareness is helping drive growth in
California.
“Parents are seeking advice from their
healthcare professional as they become aware of Else Nutrition
products and their benefits. As a result, Else has received a
continued increase in interest from healthcare professionals in
California,” added Hamutal Yitzhak, CEO, and Co-Founder of Else
Nutrition.
For more information, visit:
www.elsenutrition.com or follow Else Nutrition on LinkedIn
About Else
Nutrition Holdings
Inc.
Else Nutrition Holdings Inc. is a food and
nutrition company in the international expansion stage focused on
developing innovative, clean, and plant-based food and nutrition
products for infants, toddlers, children, and adults. Its
revolutionary, plant-based, non-soy formula is a clean-ingredient
alternative to dairy-based formula. Else Nutrition (formerly INDI)
won the "2017 Best Health and Diet Solutions" award at Milan's
Global Food Innovation Summit. The holding company, Else Nutrition
Holdings Inc., is a publicly- traded company, listed on TSX Venture
Exchange under the trading symbol BABY and is quoted on the OTCQX
board in the US under the trading symbol BABYF and the Frankfurt
Exchange under the symbol 0YL. Since launching its Plant-Based
Complete Nutrition for Toddlers, made of whole foods, almonds,
buckwheat, and tapioca, the brand has received thousands of
powerful testimonials and reviews from parents and gained national
retailer support from Sprouts Farmers Market, and achieved rapid
sales growth. Else became the #1 Best Seller on Amazon in the Fall
of 2020 in the New Baby & Toddler Formula Category. It recently
won the 'Best Dairy Alternative' Award 2021 at World Plant-Based
Expo and was a Nexty Award Finalist at Expo West 2022 in the
Plant-Based lifestyle category.
Investor
Relations Contact:
RBMG – RB Milestone Group LLC Trevor Brucato, Managing Director
E: Baby@rbmilestone.com www.rbmilestone.com
Lytham Partners, LLC Mr. Ben Shamsian New York | PhoenixE:
shamsian@lythampartners.com P: 646-829-9701
TSX Venture
Exchange
Neither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
Caution
Regarding Forward-Looking
Statements
This press release contains statements that may
constitute "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements are
typically identified by words such as "will" or similar
expressions. Forward- looking statements in this press release
include statements with respect to the anticipated dates for filing
the company's financial disclosure documents. Such forward-looking
statements reflect current estimates, beliefs, and assumptions,
which are based on 'management's perception of current conditions
and expected future developments, as well as other factors
management believes are appropriate in the circumstances. No
assurance can be given that the foregoing will prove to be correct.
Forward-looking statements made in this press release assume, among
others, the expectation that there will be no
interruptions or supply chain failures as a
result of COVID-19 and that the manufacturing, broker, and supply
logistic agreement with the company does not terminate. Actual
results may differ from the estimates, beliefs, and assumptions
expressed or implied in the forward-looking statements. Readers are
cautioned not to place undue reliance on any forward-looking
statements, which reflect management's expectations only as of the
date of this press release. The company disclaims any obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise, except as
required by law.
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4e4fa667-8219-479e-abd6-aef84c6ad0ee
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