Else Nutrition (OTCMKTS:BABYF) is an innovative company that is involved in plant based nutrition options for children, babies and toddlers. That being said, it has not been a particularly great time for the company’s stock over the course of the past week.
During that period, the Else Nutrition stock has actually tanked by as much as 10%. Could this be an opportunity for investors? In this regard, it might be a good move to take a look at a major announcement from Else Nutrition yesterday. The company announced that after having conducted research and development and trials for many months, it successfully concluded the commercial trial manufacturing run for one of its products.
The product in question is the ready to drink liquid variant of its plant based Complete Nutrition for Toddlers and Kids line of products. It goes without saying that it is a major milestone for the company and the co-founder and Chief Executive Officer of Else Nutrition, Hamutal Yitzak said as much. She went on to add that at this point of time there are ‘thousands of families’ that are using the line of products that are being sold in the powdered format. Hence, if the products are made available in a ready to drink format then it is going to open up a market that is worth as much as $1 billion in the United States.
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