Else Nutrition Holdings Inc (OTCMKTS:BABYF) is one of the more innovative companies at this point and is mainly involved with the plant based baby, child and toddler nutrition products space.
Hence, it is not really a surprise that there are many investors who are focussed on the company. However, on Thursday, the Else Nutrition stock was moving in a range and it was perhaps understandable considering the fact that there was no news about the company. The last time any important news emerged about the company was back on August 12 when the company announced that inked an online distribution deal with Walmart.com.
As per the provisions of the agreement between the two parties, Else Nutrition will also be moving into the e-commerce marketplace operated by Walmart by the fourth quarter of the year. That is a significant development for the company considering the fact that Walmart is retail behemoth and hence, it is going to give Else Nutrition’s products a massive platform.
The Chief Executive Officer of the company, Hamutal Yitzhak, stated that the agreement with Walmart is going to help the company in reaching ‘thousands of new families’ and will help it in scaling up its operations significantly.