- Else Nutrition (TSX:BABY) is now offering its full range of products through the Navy Exchange, a retail chain owned and operated by the U.S. Navy
- The company has grown its U.S. and Canadian store count from negligible to approximately 14,000 since Q1 2021, while growing revenue by 17 times from C$0.55 million in 2019 to C$9.36 million in 2023
- Else Nutrition develops whole plant-based and dairy-free food and nutrition products for infants, toddlers, children and adults
- Else Nutrition stock has given back 75 per cent year-over-year and 76.76 per cent since 2019
Else Nutrition (TSX:BABY) is now offering its full range of products through the Navy Exchange, a retail chain owned and operated by the U.S. Navy.
The company shipped the first purchase order under the partnership in June 2024, including baby cereals, Toddler Organic and Toddler Omega complete nutrition drink mixes, as well as kids shake mixes and ready-to-drink variants.
The Navy Exchange, operated by the Navy Exchange Service Command (NEXCOM), offers a variety of goods and services to active military personnel, retirees and certain civilians on Navy installations in the United States, overseas Navy bases and aboard Navy ships. NEXCOM‘s additional business lines include hotels, ships and uniforms, all in service of supporting Navy quality of life.
Leadership insights
“We are honoured to partner with NEXCOM and extend our offerings to the Navy community,” Hamutal Yitzhak, Else Nutrition’s co-founder and chief executive officer, said in a statement. “This partnership reflects our commitment to providing clean, plant-based nutrition to families, ensuring that everyone, including our servicemen and women, has access to healthy nutrition alternatives.”
Why to invest in Else Nutrition stock today
Else has grown its U.S. and Canadian store count from negligible to approximately 14,000 since Q1 2021, while growing revenue by 17 times from C$0.55 million in 2019 to C$9.36 million in 2023. In response, the stock has tanked by more than 75 per cent since 2019, meaning an investment in the company today grants you exposure to its exponential growth trajectory for pennies on the dollar.
With a multi-stage collaboration with Danone in the works, international expansion underway in Australia and the United Kingdom, and a slew of major retail customers carrying its products, including Costco, Whole Foods and Walmart, investor pessimism seems to indicate an instance of deep value rather than a legitimate cause for concern.
Continue your due diligence by reading Else Nutrition’s latest investor presentation.
About Else Nutrition
Else develops whole plant-based and dairy-free food and nutrition products for infants, toddlers, children and adults.
Else Nutrition stock (TSX:BABY) is unchanged, trading at C$0.16 per share as of 9:47 am ET. The stock has given back 75 per cent year-over-year and 76.76 per cent since 2019.
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(Top photo: Else Nutrition)
