Else Nutrition Completes US$350,000 Private Placement: A Boost for Plant-Based Food Innovator

Else Nutrition Holdings Inc. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL) has successfully completed a private placement, raising US$350,000. This strategic move will strengthen the company's financial position and support its growth initiatives in the plant-based food and nutrition sector. The funds raised will be used to pay amounts owing to certain creditors of the Company, enhancing its liquidity position and reducing its debt burden.

The private placement was purchased by a single individual purchaser, indicating a vote of confidence in Else Nutrition's growth prospects and market potential. The Company expects to use the proceeds from the Offering to pay amounts owing to certain creditors, which will improve its financial stability and provide it with more flexibility to pursue growth opportunities.

Else Nutrition is a food and nutrition company in the international expansion stage, focused on developing innovative, clean, and whole 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 formulas. Since launching its Plant-Based Complete Nutrition for Toddlers, made of whole foods, almonds, buckwheat, and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth.

The completion of this private placement is expected to have a positive impact on Else Nutrition's financial stability and growth prospects in both the short and long term. The funds raised from this placement will provide the Company with the working capital it needs to continue its operations and meet its ongoing expenses, while also enabling it to invest in its product development and marketing efforts and pursue strategic acquisitions and partnerships.

In conclusion, Else Nutrition's completion of the US$350,000 private placement is a significant milestone for the company. The funds raised will strengthen its financial position, support its growth initiatives, and reinforce its commitment to the plant-based food and nutrition sector. As the company continues to innovate and expand its product offerings, investors can expect to see Else Nutrition make a positive impact on the market and create value for shareholders.