Else Nutrition Announces Stock Option Grant

VANCOUVER, British Columbia, August 2, 2022 (GLOBE NEWSWIRE) — ELSE NUTRITION HOLDINGS INC. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL) (the “Company”) announces the grant of stock options pursuant to its stock option plan to a director of the Company to purchase up to 200,000 common shares of the Company. Stock options are exercisable at a price of C$0.67 per share and expire five years from grant date, subject to certain vesting provisions.

About Else Nutrition Holdings Inc.

Else Nutrition GH Ltd. is an Israel-based food and nutrition company that focuses on developing innovative, clean, plant-based food and nutritional products for infants, toddlers, children and adults. Its revolutionary plant-based soy-free formula is a clean ingredient alternative to dairy-based formula. Else Nutrition (formerly INDI) won the “2017 Best Diet and Health Solutions” award at the Global Food Innovation Summit in Milan. The holding company, Else Nutrition Holdings Inc., is a publicly traded company, listed on the TSX Venture Exchange under the trading symbol BABY and listed on the QX board of the US OTC markets under the trading symbol BABYF and on the Frankfurt Stock Exchange with the symbol 0YL. Since the launch of its Complete Plant-Based Nutrition for Toddlers, made from whole foods, almonds, buckwheat and tapioca, the brand has received thousands of powerful parent testimonials and reviews and garnered national retail support for Sprouts Farmers Market, and achieved rapid sales growth. Else became the #1 Best Seller on Amazon in Fall 2020 in the New Infant and Toddler Formula category. It recently won the 2021 ‘Best Dairy Alternative’ award at World Plant-Based Expo and was a Nexty Award finalist at Expo West 2022 in the plant-based lifestyle category.

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Investor Relations Contact:
Lytham Partners, LLC
Mr Ben Shamsian
New York | Phoenix
E: [email protected]
Phone: 646-829-9701

TSX Venture Exchange

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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 generally identified by words such as “will” or similar expressions. Forward-looking statements in this press release include statements regarding the anticipated dates for the filing of the company’s financial disclosure documents. 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 that management believes are appropriate in the circumstances. There can be no guarantee that the above will turn out to be correct. Forward-looking statements made in this press release assume, among other things, the expectation that there will be no supply chain disruptions or failures as a result of COVID 19 and that the manufacturing, brokerage and supply logistics agreement with the company does not end Actual results may differ from the estimates, beliefs and assumptions expressed or implied by forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statement, which reflects management’s expectations only as of the date of this news release. The company disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Else Nutrition Announces Stock Option Grant Else Nutrition Holdings Inc

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