#Canada #Vancouver #Else Nutrition #Bi-weekly Report #MCTO Announcements

Else Nutrition Provides Bi-Weekly Default Status Report

On April 29, 2025, Else Nutrition Holdings Inc. made a significant announcement concerning its ongoing compliance with regulatory requirements. Following a voluntary cease trade order issued by the British Columbia Securities Commission, the company has released its bi-weekly default status report as mandated by National Policy 12-203 Management Cease Trade Orders (NP 12-203).

The cease trade order, known as the Management Cease Trade Order (MCTO), was granted on April 1, 2025. This was necessitated due to the company's inability to complete necessary audit procedures for its annual financial filings within the stipulated 90 days after the financial year-end. These filings include the annual financial statements, management's discussion and analysis, and annual information form required under the regulations.

The MCTO imposes trading restrictions on the Chief Executive Officer and Chief Financial Officer, preventing them from trading in the company's securities until the annual filings are submitted and the order is lifted. However, it does not restrict other shareholders from trading their shares.

In its latest report, Else Nutrition has reassured stakeholders that there have been no material changes to the information provided at the time of the MCTO announcement. The company confirms compliance with alternative information guidelines established under NP 12-203 during the MCTO period. This includes the absence of any other specified defaults or undisclosed material information concerning the company’s affairs.

Else Nutrition is actively collaborating with its auditors and is focused on finalizing its financial audits for the year ending December 31, 2024. The company anticipates submitting its annual financial documents by May 13, 2025, and no later than May 30, 2025. Subsequent to the filing, a news release will be published to confirm compliance.

About Else Nutrition Holdings Inc.

Else Nutrition Holdings Inc. is a forward-thinking company focused on the development and innovation of plant-based nutrition and food products specifically aimed at infants, toddlers, children, and adults. Their flagship product, a plant-based non-soy infant formula, stands out as a cleaner, healthier alternative to traditional dairy-based products. This product has seen considerable success, securing national retail support and accumulating a wealth of positive parent testimonials since its launch.

Additionally, Else Nutrition's plant-based nutritional offerings, such as their toddler nutrition range and Super Cereal, have made remarkable strides in market presence, resulting in the brand achieving top seller status across various retail platforms.

To date, the company has received several accolades including the “Best Health and Diet Solutions” at the 2017 Milan Global Food Innovation Summit, recognition as a #1 Best Seller on Amazon in 2020, and has garnered additional awards at key industry expos.

Despite the current MCTO situation, the team at Else Nutrition continues to express optimism for the future and is dedicated to ensuring that the company meets all regulatory requirements while advancing its commitment to producing high-quality, plant-based nutrition products.

For further details, please visit Else Nutrition or follow them on social media @elsenutrition.

Caution Regarding Forward-Looking Statements

This report contains forward-looking statements regarding the company's future. While management believes these statements are reasonable, they are not guarantees of performance or results and are subject to various risks and uncertainties. Investors are advised to avoid placing undue reliance on these forward-looking statements, considering the fluctuating market conditions and potential risks involved in company operations.