VANCOUVER, BC, June 19,
2025 /PRNewswire/ - ELSE NUTRITION HOLDINGS INC.
(TSX: BABY) (OTCQX: BABYF) (FSE: 0YL) (the "Company")
announces that the Company's principal regulator in Canada, the British Columbia Securities
Commission (the "BCSC"), has notified the Company that it
has issued a cease trade order (the "CTO") under
Multilateral Instrument 11-103 Failure-to-File Cease Trade
Orders in Multiple Jurisdictions against the Company. The CTO
was issued as a result of the Company's delay in filing its interim
financial statements, the accompanying management discussion and
analysis, and CEO and CFO certifications for the period ended
March 31, 2025 (the "Interim
Filings") on SEDAR+ within 45 days after the end of its
interim period on March 31, 2025.
The CTO prohibits the trading by any person or company of any
securities of the Company in each jurisdiction in Canada in which the Company is a reporting
issuer, until such time as the Company is able to complete the
filing of the Interim Filings and successfully apply for a
revocation of the CTO. The CTO provides an exception for beneficial
securityholders of the Company who are not currently (and were not
as of June 16, 2025) insiders or
control persons of the Company and who sell securities of the
Company acquired before June 16,
2025, if both of the following criteria are met: (i) the
sale is made through a "foreign organized regulated market", as
defined in section 1.1 of the Universal Market Integrity Rules of
the Investment Industry Regulatory Organization of Canada, and (ii) the sale is made through an
investment dealer registered in a jurisdiction of Canada in accordance with applicable
securities legislation.
The Company expects to file its Interim Filings by June 30, 2025 and will issue a news release once
they have been filed.
Extension of Annual General Meeting of Shareholders
In addition, the Company announces that the Toronto Stock
Exchange has granted the Company an extension to hold its annual
general meeting of shareholders for 2025 (the "AGM"), which
it was originally required to be held by June 30, 2025. The Company is now required to
hold the AGM by July 31, 2025.
About Else Nutrition Holdings Inc.
Else Nutrition Holdings Inc. is a food and nutrition company in
the international expansion stage 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
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.
Awards and Recognition:
- "2017 Best Health and Diet Solutions" award at Milan's Global Food Innovation Summit
- #1 Best Seller on Amazon in the Fall of 2020 in the New Baby
& Toddler Formula Category
- "Best Dairy Alternative" Award 2021 at World Plant-Based
Expo
- Nexty Award Finalist at Expo West 2022 in the Plant-Based
lifestyle category
- During September 2022, Else Super
Cereal reached the #1 Best Seller in Baby Cereal across all brands
on Amazon
For more information, visit www.elsenutrition.com or
@elsenutrition on Facebook and Instagram.
Caution Regarding Forward-Looking Statements
This press release contains statements that may constitute
"forward-looking statements" within the meaning of applicable
securities legislation. Forward-looking statements are typically
identified by words such as "will" or similar expressions.
Forward-looking statements in this press release include but are
not limited to, statements with respect to the Company filing its
interim financial statements and MD&A. These forward-looking
statements are made as of the date of this press release. Such
forward-looking statements reflect current estimates, beliefs and
assumptions, which are based on management's perception of current
conditions and expected future developments, as well as other
factors management believes are appropriate in the circumstances.
Although the Company believes the forward-looking statements in
this press release are reasonable, it can give no assurance that
the expectations and assumptions in such statements will prove to
be correct. The Company cautions investors that any forward-looking
statements by the Company are not guarantees of future results or
performance, and are subject to risks, uncertainties, assumptions
and other factors which could cause events or outcomes to differ
materially from those expressed or implied by such forward-looking
statements. Such factors and assumptions include, among others,
variations in market conditions; currency exchange rates; the
Company's ability to obtain any necessary permits, consents or
authorizations required for its activities; the Company's ability
to access further funding, to continue its projected growth, or to
be fully able to implement its business strategies. In addition,
there are known and unknown risk factors which could cause our
actual results, performance or achievements to differ materially
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Actual results may
differ from the estimates, beliefs and assumptions expressed or
implied in the forward-looking statements. Readers are
cautioned not to place undue reliance on any forward-looking
statements, which reflect management's expectations only as of the
date of this press release. The Company disclaims any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
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SOURCE Else Nutrition Holdings Inc.
