Else Nutrition (CSE: BABY) has secured additional shelf placement for its plant-based baby nutrition product. The company as of this morning has secured retail distribution within the US through Sprouts Farmers Market, with product placement at the retailer set to commence in February.
Focused on organic, plant-based and gluten-free products, Sprouts has over 360 locations across the US, all of which contain Else’s target consumer for its plant-based formula. The company will see the firms toddler nutrition product placed in all retail locations of Sprouts nationwide.
The announcement this morning follows an update issued Monday, wherein the company identified that it is currently operating in the US via online sales at its own website, as well as Amazon.com. Products are also reportedly listed with five natural food retail chains, excluding Sprouts, that contain a total of 380 stores. This mornings announcement as a result nearly doubles the retail footprint in terms of locations for Else Nutrition.
Else Nutrition last traded at $3.91 on the CSE.
Information for this briefing was found via Sedar and Else Nutrition. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
