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>>> Else Nutrition Clarifies News Release Regarding Deemed Insider Share Disposition


Yahoo Finance

December 18, 2020


https://finance.yahoo.com/news/else-nutrition-clarifies-news-release-223000316.html


VANCOUVER, BC / ACCESSWIRE / December 18, 2020 / Else Nutrition Holdings (TSXV:BABY)(OTCQX:BABYF)(FSE:0YL) ("Else" or the "Company") wishes to clarify the purpose of the December 15 news release issued on behalf of Ms. Hamutal Yitzhak, the CEO of the Company, announcing the filing of an Early Warning Report required under Canadian laws. Ms. Yitzak did not sell or otherwise dispose of any of the shares referenced in that report. Instead, the report related to a decrease in voting rights held by Ms. Yitzhak pursuant to a voting support agreement entered into in June of 2019 between the Company, Ms. Yitzhak and certain shareholders of the Company. Ms. Yitzhak held no ownership rights or economic interest in the share referenced in that news release, and no sale or actual disposition occurred.

About Else Nutrition Holdings Inc.

Else Nutrition GH Ltd. is an Israel-based food and nutrition company 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 formula. Else Nutrition (formerly INDI) won the "2017 Best Health and Diet Solutions" award at the Global Food Innovation Summit in Milan. The holding company, Else Nutrition Holdings Inc., is a publicly-traded company, listed as TSX Venture Exchange under the trading symbol BABY and is quoted on the US OTC Markets QX board under the trading symbol BABYF and on the Frankfurt Exchange under the symbol 0YL. Else's Executives includes leaders hailing from leading infant nutrition companies. Many of Else advisory board members had past executive roles in companies such as Mead Johnson, Abbott Nutrition, Plum Organics and leading infant nutrition Societies, and some of them currently serve in different roles in leading medical centers and academic institutes such as Boston Children's Hospital, Pediatrics at Harvard Medical School, USA, Tel Aviv University, Schneider Children's Medical Center of Israel, Rambam Medical Center and Technion, Israel and University Hospital Brussels, Belgium.

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