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New Listing: Else Nutrition Holdings (TSXV:BABY)

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Else Nutrition Holdings is an Israeli company recently established for the purpose of acquiring the Golden Heart Business from Golden Heart and the Else Nutrition Formula from the Else Nutrition Founders.

Additional Information:

Company: Else Nutrition Holdings
Website: http://www.ElseFormula.com
Stock Symbol: TSXV: BABY
Date Published: Jun 18, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Else Nutrition Holdings is one of the latest new listings on the TSX Venture Exchange, following its Qualifying Transaction with ASB Capital, a Capital Pool Company.

Else Nutrition Holdings is an Israeli company recently established for the purpose of acquiring the Golden Heart Business from Golden Heart and the Else Nutrition Formula from the Else Nutrition Founders.

Golden Heart develops, markets and sells vegan dried baby foods and snacks and baby feeding accessories in the Israeli market under the HEART brand and other brands for babies and kids.

The HEART Baby Snacks product line is sold in approximately 1,000 points of sale in Israel, including food and drug chains, health food chains and private grocers.

HEART's Baby Feeding Accessories are sold to most of the Israeli maternity wards.

Else Nutrition is a food and nutrition company focused on research, development, manufacturing,
marketing, sale and/or license of innovative food and nutrition products to the infant, toddler, children and
adult markets.

Else Nutrition currently has four product lines that are either commercialized or in development.

• Baby Snacks – Vegan-friendly snack products for the baby and toddler food market,

• Baby Feeding Accessories – Baby feeding bottles and teats

• Baby Formula – Plant-based baby formula products for the infant formula market which are primarily intended to be alternatives to Soy-based and Dairy-based infant formulas.

• Toddlers/Kids Nutritional Drinks – Plant-based nutrition drinks products for the Toddler and
Children market between 1 and 10 years of age.

The company recently closed a non-brokered private placement, raising gross proceeds of $7.5 million from the sale of 30 million shares priced at $0.25.

The shares are trading at $0.55.

For more information, please visit the company’s website www.ElseFormula.com or contact Hamutal Yitzhak, CEO, at hamutal@ElseFormula.com.

I’m Megan Edwards for Investmentpitch Media