Business
Else Nutrition Reports 2024 Fiscal Year Financial Results and Provides Business Update
Else Nutrition Reports 2024 Fiscal Year Financial Results and Provides Business Update ...
About this update from Else Nutrition Holdings Inc
[{"type":"text","content":"\n\n\n\n Else Nutrition Reports 2024 Fiscal Year Financial Results and Provides Business Update\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Conference call to be held\n \n Tuesday, June 3\n \n\n rd\n \n at\n \n 10:00 AM Eastern Time\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 2, 2025\n \n\n /CNW/ -\n \n ELSE NUTRITION HOLDINGS INC.\n \n (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL.F)\n \n (\"Else\"\n \n or the\n \n \"Company\"),\n \n reported financial results for the 2024 fiscal year ended\n \n December 31, 2024\n \n . The financial statements and MD&A are available on\n \n SEDAR\n \n under the Company's profile.\n \n\n\n\n\n\n\n\n\n \"2024 was a defining year for Else Nutrition, marked by significant challenges that ultimately led to pivotal decisions shaping our future,\" commented\n \n Hamutal Yitzhak\n \n , CEO & Co-Founder of Else Nutrition. \"While we encountered major headwinds, including funding constraints, inventory shortages, and a limited marketing budget, we took decisive actions to secure our future. Specifically, we optimized operations, significantly reduced overhead costs, and secured essential funding. We also streamlined our cost structure by cutting underperforming roles, reducing low-ROI marketing spend, and exiting unprofitable retail partnerships. In addition, we restructured R&D operations, including the closure of our\n \n Israel\n \n lab, to preserve innovation capacity while improving financial performance. Furthermore, we plan to expand our manufacturing and prepare our powder formula in\n \n Europe\n \n , which will lower production costs, improve margins, and enhance product quality.\"\n \n\n \"Despite our challenges, we made important progress including successfully launching our first Adult Ready-to-Drink (RTD) product, expanding retail placement for our Kids RTD product, and increasing our presence in the U.S. through e-commerce platforms. These milestones reflect the growing demand for plant-based, allergen-friendly nutrition, and we intend to capitalize o...