11:42 AM EST - Else Nutrition Holdings Inc. : Provided a corporate update. Else is making a conscious effort to be increasingly capital efficient and conservative, while striving to execute its goals successfully. The Company is making all efforts to launch its plant-based toddler nutrition in the US in Q2-2020 as planned. In February the Company closed a CAD $8 million equity financing, which included a strategic investment of CAD $5.75 million by NewH2 a subsidiary of Health & Happiness (H&H) International Holdings Ltd. H&H is a Hong Kong Stock Exchange (code 1112-HK) company with revenues of over US$1.46 billion (2018). The Company's current cash and cash equivalents are about CAD $10 million, with no long-term debt. The Company has sufficient liquidity and capital to fund its operations for well over a year while fully executing on all aspects of the business. As previously announced, the Company plans to launch its plant-based toddler nutrition product in the US in Q2-2020, and continues working hard on several fronts to achieve this target. Else Nutrition Holdings Inc.
shares V.BABY are trading up 12 cents at $0.82.
