Else Nutrition Holdings (BABY.TO) is starting a manufacturing drive to meet growing US and Canadian consumers' demand, the company, a pioneer in whole food, Plant-Based nutrition for babies, toddlers, children and adults, said on Monday.
"Dealing with cash constraints on one side, growing US consumers' demand on the other, and with the fast recovery of our Canadian retail business, we have struggled in the last year to produce enough stock to meet demand, and faced several Out-Of-Stock (OOS) situations that hurt our revenue and delayed our growth," said the company.
The company said it is now able to initiate a manufacturing drive that will allow it to keep in stock through the summer of 2026 in both the US and Canada. It plans to continue this drive through this summer and secure stock for the remainder of the year.
"I am very happy that we can launch a manufacturing drive and avoid OOS," said Hamutal Yitzhak, Chief Executive Officer and Co-Founder of Else Nutrition. "It will allow us to support the growing demand for our products in the US and the re-launch of our products in Canada. Having sufficient products to meet the growing consumer demand will allow us to return to growth and reach our profitability goals."
The company's shares were last seen unchanged at $0.025 on the Toronto Stock Exchange.