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BABY Else Nutrition Holdings Inc

0.23
-0.02 (-8.00%)
Last Updated: 17:01:31
Delayed by 15 minutes
Share Name Share Symbol Market Type
Else Nutrition Holdings Inc TSX:BABY Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -8.00% 0.23 0.225 0.23 0.25 0.225 0.25 205,501 17:01:31

Else Nutrition Shares Rally With Plans for Danone Collaboration

13/11/2023 4:04pm

Dow Jones News


Else Nutrition (TSX:BABY)
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By Robb M. Stewart

 

Else Nutrition's shares soared Monday after the company unveiled plans for a collaboration with Danone that will initially see its plant-based, soy-free products added to the dairy giant's portfolio.

In morning trading, the shares were 35% higher at C$0.44, narrowing their decline so far this year to 20%.

Else, which has been pushing to get its products on store shelves in North America and elsewhere, said that following due diligence by Danone the companies signed a letter of intent for a staged collaboration. They expect to sign a definitive deal by the end of March.

Initially, Else's products will be manufactured, marketed and commercialized by the European company. The companies plan to negotiate opportunities beyond product commercialization.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

November 13, 2023 10:49 ET (15:49 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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