- Else Nutrition (TSX:BABY), a vegan growth stock, has fallen to an all-time-low as the company continues to expand its product suite with major retailers
- The company posted robust revenue growth and lower operating expenses in Q2 2024 and will release Q3 results on November 14
- Else Nutrition develops plant-based food and nutrition products for infants, toddlers, children and adults across the world with a specialty in soy-free and dairy-free alternatives
- Else Nutrition stock is unchanged trading at an all-time-low of C$0.03 per share as of 11:02 am ET, saddling investors with a 91.89 per cent loss year-over-year
Else Nutrition (TSX:BABY), a vegan growth stock, has fallen to an all-time-low as the company continues to expand its product suite with major retailers.
The company’s most recent milestone is a 12-week pilot program for its kids ready-to-drink shakes with a wholesale retailer previously profiled on Stockhouse.
Initiated in November across 11 Canadian locations – including high-visibility endcap displays and product sampling demos – the program aims to validate a nationwide rollout in over 100 locations in 2025.
The news follows strong growth and lower operating expenses in Q2 2024, as well as recent expansions with a top global retailer, the United States Navy Exchange and a leading independent supermarket, adding to the company’s over 10x growth in North American brick-and-mortar locations to over 13,000 since January 2022.
Else’s financial results for Q3 are expected to hit the wire on November 14.
Leadership insights
“We’re thrilled to partner with this well-known wholesale retailer to provide families with easy access to clean, nutritious and delicious options for their children,” Hamutal Yitzhak, co-founder and chief executive officer of Else Nutrition, said in a statement. “This 12-week pilot is a unique opportunity positioning us for potential expansion across Canada, as well as entry into the United States. We’re looking forward to building on this momentum as we continue our strategic expansion and provide better alternatives to families globally.”
About Else Nutrition Holdings
Else Nutrition develops plant-based food and nutrition products for infants, toddlers, children and adults across the world with a specialty in soy-free and dairy-free alternatives. Its products include cereals, shake mixes and ready-to-drink shakes.
Else Nutrition stock (TSX:BABY) is unchanged trading at an all-time-low of C$0.03 per share as of 11:02 am ET. The stock has given back 91.89 per cent year-over-year.
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(Top photo: Adobe Stock)
