VANCOUVER, BC, June 7, 2021
/CNW/ - ELSE NUTRITION HOLDINGS INC. (BABY.V)
(BABYF) (0YL.F) ("Else" or the
"Company") the Plant-Based baby, toddler and children
nutrition company, announces that it will begin
distribution across all 11 Mother's Market stores in Southern California.
"Launching at Mother's Market expands our availability in the
Southern California area, which to
date has been among our strongest performing market," stated
Hamutal Yitzhak, CEO and Co-Founder
of Else Nutrition. "We're thrilled at the overwhelming response by
SoCal parents to our complete, clean label, whole food-based,
sustainable nutrition for children."
About Mother's Markets
Over the years, Mother's Market has gained a reputation for
having all the best products for specialized diets. With top
quality local and organic produce, the county's largest selection
of supplements, offering organic, non-GMO, vegan, vegetarian,
gluten-free, low carbohydrate, low-glycemic, low-fat, low-salt and
more, all at a great value! Mother's Market was founded in
1978 by a group of yoga enthusiasts consisting of friends and
family, who could not find a place that carried vegetarian foods
and related lifestyle products. They decided to join their
resources and talent to offer the community with a natural foods
market and restaurant, not available elsewhere. Beginning with a
2,500 square feet facility in Costa
Mesa, has grown into 11 Southern California locations.
Mother's Market & Kitchen is known for pioneering the
health food movement in Southern California.
Mother Market has a 40-year tradition of offering organic,
healthy, and plant-based foods in a clean and friendly environment,
offering free delivery for populations at high risk (elderly,
disabled and those with compromised immune systems), as well as
safe shopping tips that everyone can use to help keep themselves,
their loved ones, and their communities healthy.
The Company also announces it has granted a total of 253,000
incentive stock options to a director and certain employees of Else
Nutrition GH Ltd., a subsidiary of the Company. The incentive stock
options have an exercise price of $2.03 per share, are valid for a 5-year period
from the date of grant and are subject to regulatory approval.
The Company's Stock Option Plan allows for the issuance of up to
10% of issued and outstanding share capital in the form of
incentive stock options. As a result of this grant, the Company has
6,683,450 stock options issued, representing 6.96% of the issued
and outstanding share capital.
About Else Nutrition Holdings Inc.
Else Nutrition GH Ltd. is an Israel-based food and nutrition company
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 the Global
Food Innovation Summit in Milan.
Else Plant-Based Complete Nutrition for Toddlers was recently
ranked as the #1 Top seller in the baby and toddler formula
category on Amazon. The holding company, Else Nutrition Holdings
Inc., is a publicly traded company, listed as TSX Venture Exchange
under the trading symbol BABY and is quoted on the US OTC Markets
QX board under the trading symbol BABYF and on the Frankfurt
Exchange under the symbol 0YL. Else's Executives includes
leaders hailing from leading infant nutrition companies. Many
of Else advisory board members had past executive roles in
companies such as Mead Johnson, Abbott Nutrition, Plum Organics and
leading infant nutrition Societies, and some of them
currently serve in different roles in leading medical centers and
academic institutes such as Boston Children's Hospital, Pediatrics
at Harvard Medical School, USA, Tel Aviv
University, Schneider Children's Medical Center of
Israel, Rambam Medical Center and
Technion, Israel and University
Hospital Brussels, Belgium.
For more information, visit: elsenutrition.com or
@elsenutrition on Facebook and Instagram.
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) accepts 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 do 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.
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SOURCE Else Nutrition Holdings Inc.