What’s Up with Else Nutrition Holdings Inc (CVE:BABY) (OTCMKTS:BABYF)
Else Nutrition Holdings Inc (CVE:BABY) (OTCMKTS:BABYF) stock is a bit of selling pressure in the afternoon session on Tuesday.
Market Action
As of 12:28, BABYF stock fell 1.55% to $1.89 with more than 76K shares, compared to its average volume of 138K shares. The stock has moved within a range of $1.8700 – 1.9707 after opening the trade at $1.98.
Major Trigger:
Else Nutrition to Present at Life Sciences Investor Forum
Key Highlights:
- Else Nutrition Holdings will present live at LifeSciencesInvestorForum.com on June 24th. DATE: Thursday, June 24th, TIME: 9:30 AM ET.
- This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
- Q1 2021 revenues of C$1,135 thousand, a 90% growth over revenues of C$598 thousand in Q4 2020 and an increase of 282% vs. revenues over C$297 thousand in Q1 2020.
- 149% growth in quarter-over-quarter Formula revenues of C$862 thousand in Q1 2021 over C$346 thousand in Q4 2020.
- First quarter to recognize formula revenues from the retail market. The Company successfully launched retail sales at Sprouts Farmers Market, a leading natural food retailer in the US.
- Successfully completed the first commercial production of ELSE’s second product – Complete Nutrition for Kids (3+ years; in powder form). The product is expected to launch online in Vanilla and Chocolate flavors in Q2 2021.
