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Else Nutrition Holdings Inc
Symbol BABY
Shares Issued 94,793,970
Close 2021-03-10 C$ 3.29
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Else Nutrition's Complete Nutrition to be sold in U.S.

2021-03-10 07:15 ET - News Release

Mr. Hamutal Yitzhak reports


Else Nutrition Holdings Inc. has listed its plant-based Complete Nutrition for toddlers with United Natural Foods Inc. (UNFI) as a core partner for grocery distribution across the United States.

"As a strategic partner for growth, UNFI is fundamental," said Else Nutrition's chief executive officer and co-founder, Hamutal Yitzhak. "Their deep roots in the natural food ecosystem, coupled with exceptional relationships with retail accounts of all sizes and types, positions us for exponential reach and accessibility. This is another pivotal moment for the brand, as many retailers have been awaiting this UNFI listing. We're more than ready for this next stage and the major growth it is expected to generate," she added.

United Natural Foods engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the following segments: wholesale -- which includes nutritional supplements, personal care items and organic products; and other -- which includes the sale other activities of the firm. It offers food and non-food, frozen, perishables, bulk, body care products and supplements. UNFI distributes an assortment of over 250,000 products nationwide from over 10,000 suppliers. Its divisions include: UNFI Canada, Alberts Fresh Produce, Tony's Fine Foods, Nor-Cal Produce, UNFI Wellness, Woodstock Farms, UNFI Brands+, Honest Green eSolutions, UNFI Easy Options, and operates out of seven distribution centres. UNFI operates out of 58 distribution centres, utilizing a fleet of 2,200 trucks for quick and easy access to doors nationwide. The company distributes to over 30,000 retail outlets, employs over 19,000 and holds a revenue of $20-billion annually. UNFI is headquartered in Providence, R.I.

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 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 No. 1 top seller in the baby and toddler formula category on Amazon. Else's executives include 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 centres and academic institutes such as Boston Children's Hospital, pediatrics at Harvard Medical School, USA, Tel Aviv University, Schneider Children's Medical Centre of Israel, Rambam Medical Centre and Technion, Israel, and University Hospital Brussels, Belgium.

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